Lake Whitney Chamber Of Commerce
- Assets
- $8.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Whitney, TX
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 74-2613504
Organization Overview
Lake Whitney Chamber Of Commerce is located in Whitney, TX. The organization was established in 2009. 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 Whitney 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, Lake Whitney Chamber Of Commerce generated $44.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $62.9k during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice R Sanders Executive Director | 40 | $0 | |
Connie Terry Vice President | 1 | $0 | |
Sanjay Bala Board Of Directors | 1 | $0 | |
Adam Bain President | 2 | $0 | |
Lori Proctor Board Of Directors | 1 | $0 | |
John Mccullough Board Of Directors | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,387 |
| Total Program Service Revenue | $7,263 |
| Membership dues | $15,162 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,301 |
| Other Revenue | $0 |
| Total Revenue | $44,280 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,829 |
| Professional fees and other payments to independent contractors | $1,039 |
| Occupancy, rent, utilities, and maintenance | $14,654 |
| Printing, publications, postage, and shipping | $2,398 |
| Other expenses | $21,028 |
| Total expenses | $62,948 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,017 |
| Other assets | $0 |
| Total assets | $8,005 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,005 |