Vernon Chamber Of Commerce
- Assets
- $124.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Vernon, TX
- Founding
- 02/1937
- Data as of
- 12/2021
- EIN
- 75-0631370
Organization Overview
Vernon Chamber Of Commerce is located in Vernon, TX. The organization was established in 1937. 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 12/2021, Vernon Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vernon 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 12/2021, Vernon Chamber Of Commerce generated $91.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $55.7k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE RETAIL AND INDUSTRIAL DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Singleton Director | 0 | $0 | |
Emory Byars Past President | 0 | $0 | |
Kris Fritze Director | 0 | $0 | |
Cheyanne Nava Director | 0 | $0 | |
Amanda Lehman Ex-Offico Director - Touri | 0 | $0 | |
Charles Mcarther Ex-Offico Director - Red C | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $28,869 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,381 |
| Other Revenue | $12,732 |
| Total Revenue | $90,982 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,584 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,920 |
| Printing, publications, postage, and shipping | $391 |
| Other expenses | $15,848 |
| Total expenses | $55,743 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,823 |
| Other assets | $0 |
| Total assets | $124,856 |
| Total liabilities | $709 |
| Net assets or fund balances | $124,147 |
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