Waco Chamber Of Commerce

Organization Overview

Waco Chamber Of Commerce is located in Waco, TX. The organization was established in 1936. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Waco Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco 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 12/2021, Waco Chamber Of Commerce generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE COMMERCE & ECO DEV IN WACO

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE COMMERCE & ECONOMIC DEVELOPMENT IN WACO, TEXAS


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Meadors
CEO
$256,088
Kristina Collins
VP
$152,365
Seth Morris
VP
$93,079
Jason Powers
VP
$78,238
Jessica Attas
VP
$22,730
George Chase
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$867,848
Fundraising events$0
Related organizations$0
Government grants $995,494
All other contributions, gifts, grants, and similar amounts not included above$697,550
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,560,892
Total Program Service Revenue$1,264,494
Investment income $1,434
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,835,143

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Waco Chamber Of Commerce has recieved totaling $118,106.

Awarding OrganizationAmount
Baylor University

Waco, TX

PURPOSE: Event Sponsorships

$54,606
Magnolia Foundation

Waco, TX

PURPOSE: UNRESTRICTED DONATION

$40,000
At&t Foundation

Dallas, TX

PURPOSE: EDUCATION

$15,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$7,500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$500
View Grant Recipient Profile

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