Angelina Chamber Of Commerce Foundation
- Assets
- $384.8k
- Revenue
- $32.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lufkin, TX
- Founding
- 12/1985
- Data as of
- 12/2021
- EIN
- 75-2053338
Organization Overview
Angelina Chamber Of Commerce Foundation is located in Lufkin, TX. The organization was established in 1985. 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. Angelina Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Angelina Chamber Of Commerce Foundation generated $32.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $55.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTER VARIOUS EDUCATIONAL & ECONOMIC DEVELOPMENT PROGRAMS IN CONNECTION WITH THE ANGELINA COUNTY CHAMBER OF COMMERCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP PROGRAMS - THE LEADERSHIP LUFKIN PROGRAM FOCUSES ON THE IDENTIFICATION AND DEVELOPMENT OF EXISTING AND POTENTIAL LEADERS IN ANGELINA COUNTY WHILE THE LEADERSHIP TOMORROW PROGRAM ALLOWS HIGH SCHOOL STUDENTS TO LEARN ABOUT OPPORTUNITIES IN THE COMMUNITY AND FIND WAYS THAT THEY CAN GIVE BACK TO THE COMMUNITY. DURING 2021, THERE WERE 25 PARTICIPANTS IN TWO CLASSES OF LEADERSHIP LUFKIN AND 50 PARTICIPANTS IN TWO CLASSES OF LEADERSHIP TOMORROW. OVER THE YEARS, THE LEADERSHIP LUFKIN PROGRAM HAS HAD OVER 779 GRADUATES. DURING 2021, THERE WERE 12 PARTICIPANTS IN THE INAUGURAL CLASS OF THE LEADING EDGE PROGRAM. THE LEADING EDGE PROGRAM PREPARES PROFESSIONALS FOR COMMUNITY ENGAGEMENT AND LEADERSHIP THROUGH SERVICE ON NONPROFIT BOARDS.
EDUCATION PROGRAMS - OTHER VARIOUS EVENTS AND PROGRAMS THAT ARE DESIGNED TO EDUCATE AND PROMOTE ECONOMIC DEVELOPMENT.
CASSELS-BOYKIN PROJECT - FUNDS USED TO EXPAND FACILITIES AT THE CASSELS-BOYKIN PARK IN ANGELINA COUNTY TO PROMOTE THE USE OF THE PARK FOR FISHING TOURNAMENTS AND OTHER ECONOMIC DEVELOPMENT ACTIVITIES,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trey Henderson Chairman | OfficerTrustee | 0.1 | $0 |
Bob Brown Director | Trustee | 0.1 | $0 |
Kevin Langston Director | Trustee | 0.1 | $0 |
Brian Cyr Director | Trustee | 0.1 | $0 |
David Flowers Director | Trustee | 0.1 | $0 |
Terry Morgan Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,500 |
| Total Program Service Revenue | $24,120 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,652 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $588 |
| Fees for services: Management | $10,117 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,156 |
| Office expenses | $1,888 |
| Information technology | $118 |
| Royalties | $0 |
| Occupancy | $6,089 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,100 |
| Total functional expenses | $55,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,355 |
| 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 | $3,600 |
| Net Land, buildings, and equipment | $54,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,542 |
| Total assets | $384,805 |
| Accounts payable and accrued expenses | $484 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $484 |
| Net assets without donor restrictions | $327,450 |
| Net assets with donor restrictions | $56,871 |
| 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 | $384,805 |
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