Friona Chamber Of Commerce And Agriculture
- Assets
- $167.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Friona, TX
- Founding
- 05/1974
- Data as of
- 12/2022
- EIN
- 75-1107666
Organization Overview
Friona Chamber Of Commerce And Agriculture is located in Friona, TX. The organization was established in 1974. 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. Friona Chamber Of Commerce And Agriculture 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, Friona Chamber Of Commerce And Agriculture generated $138.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $90.7k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
STIMULATE THE ECONOMIC GROWTH FOR THE CITY OF THE FRIONA. PROVIDE A METHOD OF INTRODUCING EMPLOYERS TO NEW RESIDENTS OF THE TOWN AND REFERRING PERSONS SEEKING EMPLOYMENT, HOUSING OR RELOCATION. PROMOTE LOCAL BUSINESSES AND THE PRODUCTS AND SERVICES THEY OFFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Alexander Evp | 40 | $38,836 | |
Cindy Moreno President | 5 | $0 | |
Yvette Williams Vice President | 2 | $0 | |
Crystal Moroney Treasurer | 2 | $0 | |
Sherri Alger Director | 2 | $0 | |
Kyle Lambert Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $34,629 |
| Membership dues | $16,909 |
| Investment income | $419 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $85,998 |
| Other Revenue | $0 |
| Total Revenue | $137,955 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,963 |
| Professional fees and other payments to independent contractors | $528 |
| Occupancy, rent, utilities, and maintenance | $3,290 |
| Printing, publications, postage, and shipping | $1,998 |
| Other expenses | $18,744 |
| Total expenses | $90,723 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $167,648 |
| Other assets | $0 |
| Total assets | $167,648 |
| Total liabilities | $8,468 |
| Net assets or fund balances | $159,180 |