Houston West Chamber Of Commerce Inc
- Assets
- $321.0k
- Revenue
- $427.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Houston, TX
- Founding
- 12/1985
- Data as of
- 12/2023
- EIN
- 76-0129712
Organization Overview
Houston West Chamber Of Commerce Inc is located in Houston, 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. As of 12/2023, Houston West Chamber Of Commerce Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston West Chamber Of Commerce Inc 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, Houston West Chamber Of Commerce Inc generated $427.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $502.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 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
TO CREATE A PROFESSIONAL ORGANIZATION DEDICATED TO MAKING WEST HOUSTON THE BEST COMMUNITY FOR LIVING AND WORKING THROUGH THE SUPPORT OF LOCAL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALUTE TO VETERANS: HONOR WAR VETERANS IN THE WEST HOUSTON AREA THROUGH STORY TELLING, AWARDS, PROJECTS, DONATION OF FUNDS TO VETERAN SUPPORTED NON-PROFITS. EVENTS HELD: 1 ATTENDEES: 271
BUSINESS & EDUCATION PARTNERSHIPS: MEETINGS HELD TO EDUCATE MEMBERS ON INCREASING BUSINESS SKILLS AND CONNECTING WITH EDUCATIONAL OPPORTUNITIES TO SUPPORT INNOVATION, COMMUNITY INVOLVEMENT, AND ENCOURAGEMENT OF NETWORKING/MENTORSHIP. GOVERNMENTAL AFFAIRS: FOCUS ON MEETING AND LISTENING TO LOCAL AND STATE ELECTED OFFICIALS ON TOPICS THAT IMPACT THE AREA. STATE OF HEALTHCARE: FOCUS ON TRENDS AND CHANGES IN HEALTHCARE IN HOUSTON. BUSINESS NETWORKING GROUPS: PROVIDE OPPORTUNITIES AND VENUES FOR SMALL BUSINESSES TO INTERACT, GROW THEIR CUSTOMER BASE, AND OBTAIN BUSINESS LEADS. NUMBER OF EVENTS HELD: 94 TOTAL ATTENDEES: 1,626
WEST HOUSTON BUSINESS SUMMIT: PURPOSE: EDUCATE ATTENDEES ON ECONOMIC TRENDS IN THE WEST HOUSTON SUB- MARKET. SPEAKERS FROM INDUSTRY SECTORS PRESENT THEIR DATA/STATISTICS ON THE TRENDS, INTERPRET WHAT THEY MEAN AND EXPLAIN HOW BUSINESSES IN THE AREA CAN TAKE ADVANTAGE OF THE TRENDS OR PREPARE FOR ANY RISKS. INDUSTRY SECTORS COVERED: RETAIL, REAL ESTATE DEVELOPMENT, OIL & GAS, BANKING, TECHNOLOGY AND MARKETING. EVENTS: 1 ATTENDEES: 265
WOMEN DRIVING BUSINESS: SERIES OF NETWORKING EVNETS AIMED AT KEY BUSINESS WOMEN IN WEST HOUSTON, INCLUDING C-LEVEL EXECUTIVES AND WOMEN-OWNED BUSINESSES TO PROVIDE OPPORTUNITIES TO NETWORK, CONNECT AND PROMOTE BUSINESS. EVENTS HELD: 2 ATTENDEES: 359
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Werner President | Officer | 40 | $63,697 |
Clyde Bryan Ex Officio | Trustee | 1 | $0 |
Malcolm Mack Gibson Director | Trustee | 1 | $0 |
Michael G Griffin Director | Trustee | 1 | $0 |
Linda Hampton Chair | Trustee | 1 | $0 |
Ryan Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $250,656 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,656 |
| Total Program Service Revenue | $160,885 |
| Investment income | $2,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,532 |
| 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. | $65,823 |
| Compensation of current officers, directors, key employees. | $3,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,759 |
| Payroll taxes | $28,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,684 |
| Advertising and promotion | $1,292 |
| Office expenses | $6,622 |
| Information technology | $12,651 |
| Royalties | $0 |
| Occupancy | $66,989 |
| Travel | $679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,395 |
| Insurance | $9,031 |
| All other expenses | $5,345 |
| Total functional expenses | $502,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,648 |
| Savings and temporary cash investments | $146,240 |
| 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 | $2,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,979 |
| Accounts payable and accrued expenses | $0 |
| 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 | $146 |
| Total liabilities | $146 |
| Net assets without donor restrictions | $320,833 |
| 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 | $320,979 |