Chamber Of Commerce Lamesa Texas
- Assets
- $54.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lamesa, TX
- Founding
- 09/1948
- Data as of
- 12/2022
- EIN
- 75-0384518
Organization Overview
Chamber Of Commerce Lamesa Texas is located in Lamesa, TX. The organization was established in 1948. 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. Chamber Of Commerce Lamesa Texas 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, Chamber Of Commerce Lamesa Texas generated $80.3k 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 (4.3%) each year. All expenses for the organization totaled $82.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IMPROVED AREA BUSINESS RELATIONS AND BUSINESS CLIMATE BY PROMOTING GOODWILL. APPROXIMATELY 14,000 PEOPLE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Tidwell President | 40 | $39,388 | |
Harris Evans Vice Chair | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
Name Not Listed Treasurer | 0 | $0 | |
Name Not Listed Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,280 |
| Total Program Service Revenue | $0 |
| Membership dues | $46,044 |
| Investment income | $162 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$19,170 |
| Other Revenue | $0 |
| Total Revenue | $80,316 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,089 |
| Professional fees and other payments to independent contractors | $12,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $398 |
| Other expenses | $14,193 |
| Total expenses | $82,480 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,335 |
| Other assets | $0 |
| Total assets | $54,469 |
| Total liabilities | $1,175 |
| Net assets or fund balances | $53,294 |