Denison Area Chamber Of Commerce
- Assets
- $327.8k
- Revenue
- $418.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Denison, TX
- Founding
- 04/1941
- Data as of
- 12/2023
- EIN
- 75-0232500
Organization Overview
Denison Area Chamber Of Commerce is located in Denison, TX. The organization was established in 1941. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Denison Area Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denison Area 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, Denison Area Chamber Of Commerce generated $418.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $427.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
CHAMBER OF COMMERCE WHICH PROMOTES ECONOMIC GROWTH AND AWARENESS OF THE DENISON TEXAS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR NUMEROUS EVENTS WHICH BRING PEOPLE TO THE COMMUNITY PROMOTING ECONOMIC GROWTH AND AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Theall President/ceo/secretary | 40 | $94,356 | |
Sean Dardeau Director | Trustee | 1 | $0 |
Brandy Douglas Director | Trustee | 1 | $0 |
Bob Alexander Vice President | OfficerTrustee | 2 | $0 |
Alton Blakey Vice President | OfficerTrustee | 1 | $0 |
Francesca Fansler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $125,976 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,865 |
| Noncash contributions included in lines 1a–1f | $2,224 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,841 |
| Total Program Service Revenue | $0 |
| Investment income | $588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,181 |
| 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. | $94,356 |
| Compensation of current officers, directors, key employees. | $9,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,431 |
| Payroll taxes | $15,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,309 |
| Advertising and promotion | $56,606 |
| Office expenses | $24,000 |
| Information technology | $1,791 |
| Royalties | $0 |
| Occupancy | $18,842 |
| Travel | $9,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,516 |
| Interest | $6,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,675 |
| Insurance | $12,074 |
| All other expenses | $1,317 |
| Total functional expenses | $427,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,100 |
| Savings and temporary cash investments | $100,384 |
| 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 | $0 |
| Net Land, buildings, and equipment | $224,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $327,828 |
| Accounts payable and accrued expenses | $7,176 |
| 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 | $99,531 |
| Unsecured mortgages and notes payable | $29,603 |
| Other liabilities | $0 |
| Total liabilities | $136,310 |
| Net assets without donor restrictions | $191,518 |
| 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 | $327,828 |
Grants Awarded
Over the last fiscal year, Denison Area Chamber Of Commerce has awarded $66,641 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DENISON ARTS COUNCIL PURPOSE: Promote the arts in Denison Texas | $51,641 |
RED RIVER RAILROAD MUSEUM PURPOSE: Provides funding for museum | $15,000 |