Killeen Chamber Of Commerce
- Assets
- $889.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Killeen, TX
- Founding
- 01/1953
- Data as of
- 09/2023
- EIN
- 74-1108561
Organization Overview
Killeen Chamber Of Commerce is located in Killeen, TX. The organization was established in 1953. 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. As of 09/2023, Killeen Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Killeen 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 09/2023, Killeen Chamber Of Commerce generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VISION, LEADERSHIP, AND SUPPORT TO BUSINESSES AND COMMUNITY LEADERS TO CREATE ECONOMIC PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTED BUSINESS/COMMUNITY DEVELOPMENT AND THE PRESERVATION OF THE COMPETITIVE ENTERPRISE SYSTEM THROUGH THE INCURRENCE OF EXPENSES RELATED TO BOARD APPROVED STRATEGIC INITIATIVES AND MEMBERSHIP ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Allen Director | Trustee | 0 | $0 |
Matt Yowell Director | Trustee | 0 | $0 |
Michael Linnemann Past Chairman | OfficerTrustee | 0 | $0 |
Jay Walker Director | Trustee | 0 | $0 |
Amy Millsap Chairman Of The Board | OfficerTrustee | 0 | $0 |
Tyrone Mclaurin Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,127,214 |
| Investment income | $1,839 |
| 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 | $1,129,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $599,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,565 |
| Advertising and promotion | $1,406 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,022 |
| Travel | $22,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,821 |
| Insurance | $15,053 |
| All other expenses | $0 |
| Total functional expenses | $1,208,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,753 |
| Savings and temporary cash investments | $51,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,332 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $65,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,305 |
| Total assets | $889,699 |
| Accounts payable and accrued expenses | $7,879 |
| Grants payable | $0 |
| Deferred revenue | $14,551 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,871 |
| Total liabilities | $81,301 |
| Net assets without donor restrictions | $85,851 |
| Net assets with donor restrictions | $722,547 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $889,699 |