Lake Travis Chamber Of Commerce
- Assets
- $68.7k
- Revenue
- $194.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 74-2420658
Organization Overview
Lake Travis Chamber Of Commerce is located in Austin, TX. The organization was established in 1994. 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. Lake Travis 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 12/2023, Lake Travis Chamber Of Commerce generated $194.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $213.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 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
PROMOTION OF MEMBERS AND CITIZENS BUSINESS INTERESTS THROUGH NETWORKING AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TASTE OF LAKE TRAVIS - PROMOTE LOCAL BUSINESSES WITH A FOOD TASTING EVENT AND COMMUNITY OUTREACH
GOLF CLASSIC INCOME - RAISE MONEY TO PROMOTE LOCAL BUSINESSES. ADVERTISE AND PROMOTE LOCAL BUSINESSES THRU A COMMUNITY EVENT
LEADERSHIP LAKE TRAVIS - EDUCATE LOCAL RESIDENTS AND ACTIVE COMMUNITY MEMBERS ON THE QUALITIES AND BENEFITS OF THE LAKE TRAVIS AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Shultz President/ceo | OfficerTrustee | 40 | $96,000 |
Jeff Haley Chair | OfficerTrustee | 5 | $0 |
Kristi Jones Past Chair | OfficerTrustee | 5 | $0 |
Jennifer Busch Incoming Chair | OfficerTrustee | 5 | $0 |
Landria Page Secretary | OfficerTrustee | 4 | $0 |
Harold Copher Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,861 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,572 |
| Total Program Service Revenue | $24,023 |
| Investment income | $6,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,644 |
| 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. | $96,000 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,845 |
| Office expenses | $4,092 |
| Information technology | $9,461 |
| Royalties | $0 |
| Occupancy | $16,091 |
| Travel | $272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,491 |
| All other expenses | $11,977 |
| Total functional expenses | $213,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,311 |
| Savings and temporary cash investments | $64,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,108 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,705 |
| Accounts payable and accrued expenses | $219 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $119,423 |
| Other liabilities | $0 |
| Total liabilities | $119,642 |
| Net assets without donor restrictions | $0 |
| 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 | -$50,937 |
| Total liabilities and net assets/fund balances | $68,705 |