French-American Chambers Of Commerce Houston Inc
- Assets
- $488.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Houston, TX
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 74-2203667
Organization Overview
French-American Chambers Of Commerce Houston Inc is located in Houston, TX. The organization was established in 1985. 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 12/2023, French-American Chambers Of Commerce Houston Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French-American Chambers Of Commerce Houston Inc 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 12/2023, French-American Chambers Of Commerce Houston Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 34.3% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS LEAGUE IN THE HOUSTON,TEXAS AREA FOR PROMOTING AND DEVELOPING COMMERCIAL AND FINANCIAL BETWEEN FRANCE AND THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRENCH FESTIVAL - EXPERIENCE FRANCES FINE & TASTY CUISINE WITH 20+ RESTAURANTS, AN ABUNDANCE OF EXQUISITE FRENCH WINES & CHAMPAGNE, FRENCH MUSIC AND SURPRISE ENTERTAINMENT
PACKAGE THAT INCLUDES A SPONSORING OF THE FACC MAIN EVENTS + MEMBERSHIP A PARTNERSHIP WITH FACC NY WHO PROCESS THE VISA APPLICATION TO GET INTERNS FROM FRANCE FOR OUR MEMBERS IN TEXAS. WE REFERENCE OUR MEMBERS TO THEM, AND THEY GIVE US A COMMISSION ON THE VISA PROCESSING FEES THE MEMBERS PAY.
BASTILLE DAY - THIS IS AN ANNUAL EVENT OCCRUING IN JULY, 14TH FOR THE PURPOSE OF PROMOTING THE FRENCH CULTURE.
BUSINESS DEVELOPMENT SERVICES - SERVICE TO FRENCH AND AMERICAN ENTREPRENEURS TO LAUNCH AND DEVELOP BUSINESS IN TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Bost Executive Di | OfficerTrustee | 40 | $254,000 |
Aurore Bruno Marketing & | Officer | 40 | $172,000 |
Lea C Catanzano Marketing & | Officer | 40 | $172,000 |
Alexander Adotevi Treasurer | Trustee | 1 | $0 |
Valerie Baraban Director | Trustee | 1 | $0 |
Jean-Francois Bonnete Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $394,391 |
| 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 | $394,391 |
| Total Program Service Revenue | $939,850 |
| Investment income | $1,802 |
| 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 | $1,370,145 |
| 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. | $598,000 |
| Compensation of current officers, directors, key employees. | $598,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $4,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,027 |
| Advertising and promotion | $0 |
| Office expenses | $1,970 |
| Information technology | $11,291 |
| Royalties | $0 |
| Occupancy | $4,101 |
| Travel | $27,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $817 |
| Insurance | $1,525 |
| All other expenses | $9,900 |
| Total functional expenses | $1,377,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,602 |
| Savings and temporary cash investments | $381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,278 |
| 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 | $58,235 |
| Net Land, buildings, and equipment | $156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $488,652 |
| Accounts payable and accrued expenses | $15,723 |
| Grants payable | $0 |
| Deferred revenue | $46,183 |
| 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 | $48,630 |
| Total liabilities | $110,536 |
| Net assets without donor restrictions | $378,116 |
| Net assets with donor restrictions | $0 |
| 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 | $488,652 |