Palacios Chamber Of Commerce
- Assets
- $135.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palacios, TX
- Founding
- 02/1962
- Data as of
- 12/2022
- EIN
- 74-0821803
Organization Overview
Palacios Chamber Of Commerce is located in Palacios, TX. The organization was established in 1962. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palacios Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Palacios Chamber Of Commerce generated $87.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $90.6k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTION OF TOURISM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Oliver Executive Director | 40 | $44,888 | |
Diane Cartwright Director | 2 | $0 | |
Louis Rush Director | 2 | $0 | |
Kris Long Director | 2 | $0 | |
Dr Bill Chapman Director | 2 | $0 | |
James Kubecka Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,825 |
| Membership dues | $12,360 |
| Investment income | $118 |
| Gain or Loss | $138 |
| Net Income from Gaming & Fundraising | $68,492 |
| Other Revenue | $0 |
| Total Revenue | $87,933 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,003 |
| Professional fees and other payments to independent contractors | $41,540 |
| Occupancy, rent, utilities, and maintenance | $2,566 |
| Printing, publications, postage, and shipping | $14,117 |
| Other expenses | $13,362 |
| Total expenses | $90,588 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,419 |
| Other assets | $0 |
| Total assets | $135,531 |
| Total liabilities | $16,747 |
| Net assets or fund balances | $118,784 |
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