Cy-Fair Houston Chamber Of Commerce Inc
- Assets
- $324.7k
- Revenue
- $533.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 76-0194069
Organization Overview
Cy-Fair Houston Chamber Of Commerce Inc is located in Houston, TX. The organization was established in 1989. 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, Cy-Fair Houston Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cy-Fair Houston 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 12/2021, Cy-Fair Houston Chamber Of Commerce Inc generated $533.3k 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 (3.5%) each year. All expenses for the organization totaled $638.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cy-Fair Houston Chamber Of Commerce Inc has awarded 16 individual grants totaling $156,365. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE ECONOMIC DEVELOPMENT OF THE CY-FAIR HOUSTON AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH MEETINGS, LUNCHEONS, NEWSLETTERS AND RELATED ACTIVITIES THE CHAMBER PROMOTES THE COMMERCIAL, INDUSTRIAL, CULTURAL, EDUCATIONAL, CIVIC AND GENERAL DEVELOPMENT OF THE CY-FAIR HOUSTON TRADE TERRITORY IN HARRIS COUNTY, TEXAS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Martone President | Officer | 40 | $107,930 |
Debbie Gibson Treasurer | OfficerTrustee | 1 | $0 |
Craig P Soudelier Chairman | OfficerTrustee | 1 | $0 |
Leslie Francis Past Chairman | OfficerTrustee | 1 | $0 |
Dr Seelpa Keshvala Secretary | OfficerTrustee | 1 | $0 |
Austin Bleess Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $121,075 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,900 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,975 |
| Total Program Service Revenue | $348,490 |
| Investment income | $468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,876 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,075 |
| 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. | $116,082 |
| Compensation of current officers, directors, key employees. | $52,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,784 |
| Payroll taxes | $28,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $675 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,569 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,828 |
| Insurance | $2,525 |
| All other expenses | $30,676 |
| Total functional expenses | $638,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,937 |
| Savings and temporary cash investments | $98,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,245 |
| 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 | $5,028 |
| Net Land, buildings, and equipment | $5,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,542 |
| Total assets | $324,707 |
| Accounts payable and accrued expenses | $44,790 |
| Grants payable | $0 |
| Deferred revenue | $191,033 |
| 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 | $235,823 |
| Net assets without donor restrictions | $54,009 |
| Net assets with donor restrictions | $34,875 |
| 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 | $324,707 |
Grants Awarded
Over the last fiscal year, Cy-Fair Houston Chamber Of Commerce Inc has awarded $22,075 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CYPRESS FAIRBANKS ISD PURPOSE: ASSISTANCE WITH EDUCATION | $16,075 |
Cypress, TX PURPOSE: ASSISTANCE WITH EDUCATION | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cy-Fair Houston Chamber Of Commerce Inc has recieved totaling $25,185.
| Awarding Organization | Amount |
|---|---|
Memorial Hermann Health System Houston, TX | | $25,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |