Form 990 for tax year 2023
Filed by RICHARDSON CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,389,218
- Total expenses
- $1,350,406
- Contributions and grants received
- $1,002,335
- Grants paid
- $0
- Program service revenue
- $221,429
- Investment income
- $29,832
- Other revenue
- $135,622
- Total assets, end of year
- $1,769,278
- Total liabilities, end of year
- $138,008
- Net assets or fund balances, end of year
- $1,631,270
- Program services expenses (Part IX)
- $875,187
- Management and general expenses
- $139,550
- Fundraising expenses
- $215,669
- Program service expenses (Part III)
- $920,543
Program services were 64.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$777,735
-
1e · Government grants (contributions)
$224,600
-
2a · Program service revenue: Leadership Richardson
total $58,400 · related or exempt $58,400
-
2b · Program service revenue: RCC Events
total $87,740 · related or exempt $87,740
-
2c · Program service revenue: Stem Revenue
total $37,675 · related or exempt $37,675
-
2d · Program service revenue: Tech Titans
total $37,614 · related or exempt $37,614
-
3 · Investment income
total $29,832 · related or exempt $29,832
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$405,002
-
8b · Fundraising events: direct expenses
$281,442
-
8c · Net income from fundraising events
total $123,560
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Advertising Programs
total $1,633 · related or exempt $1,633
-
11b · Other revenue: Miscellaneous Income
total $2,621 · related or exempt $2,621
-
11c · Other revenue: Processing Fee Income
total $6,708 · related or exempt $6,708
-
11d · All other revenue
total $1,100 · related or exempt $1,100
-
11e · Other revenue, total
$12,062
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $120,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $560,158 · program services $403,313 · management and general $61,618 · fundraising $95,227
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $46,172 · program services $33,244 · management and general $5,079 · fundraising $7,849
-
12 · Advertising and promotion
total $3,263 · program services $2,349 · management and general $359 · fundraising $555
-
13 · Office expenses
total $2,727 · program services $1,963 · management and general $300 · fundraising $464
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,092 · program services $1,506 · management and general $230 · fundraising $356
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $17,644 · program services $12,704 · management and general $1,941 · fundraising $2,999
-
24a · Other expenses: Other
total $257,537 · program services $185,427 · management and general $28,329 · fundraising $43,781
-
24b · Other expenses: Contract Labor
total $174,655 · program services $92,151 · management and general $32,412 · fundraising $50,092
-
24c · Other expenses: Events Expenditure
total $81,775 · program services $81,775
-
24d · Other expenses: Depreciation
total $35,056 · program services $25,240 · management and general $3,856 · fundraising $5,960
-
24e · All other expenses
total $49,327 · program services $35,515 · management and general $5,426 · fundraising $8,386
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $259,537 · end of year $386,164
-
2 · Savings and temporary cash investments
beginning of year $680,826 · end of year $695,534
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $74,991 · end of year $5,437
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $15,942 · end of year $13,277
-
10a · Land, buildings and equipment: cost or other basis
$1,249,998
-
10b · Land, buildings and equipment: accumulated depreciation
$916,316
-
10c · Land, buildings and equipment, net
beginning of year $359,350 · end of year $333,682
-
11 · Investments: publicly traded securities
beginning of year $313,481 · end of year $335,184
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $82,757 · end of year $120,161
-
19 · Deferred revenue
beginning of year $49,397 · end of year $17,847
-
27 · Net assets without donor restrictions
beginning of year $1,496,261 · end of year $1,619,918
-
28 · Net assets with donor restrictions
beginning of year $75,714 · end of year $11,352
Mission and programs · 2023
Mission
Develop, promote and foster a continually growing, diverse and vibrant business community and civic climate in Richardson and the surrounding area.
-
Program Services: Tech Titans, STEM, Leadership Richardson The Richardson Chamber of Commerce has been driving business success in Richardson for more than 75 years. Times have changed since we opened our doors, but our goal remains the same: to serve as the cornerstone of economic and community development in the City of Richardson.
Expenses $861,410
-
Annual meeting number of people served, 250, successfully transitioned the event from a luncheon to a networking event in the evening with a featured speaker, awards and citizen of the year announcement and video.
Expenses $28,487
-
Golf tournament , number of people served, 170, moved to a new course and enhanced offerings for both teams and sponsors, sold out the playing field and all sponsorship levels with commitments already for next year, had a hole in one winner
Expenses $21,989
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kim Quirk
CEO
- Total calculated
- $120,000
- From this org
- $120,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Jan Arrant
Chairman
- Total calculated
- $0
- Hours/week
- 6
-
Rachell Boelter
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Stan Bradshaw
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rick Currey
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Manasseh Durkin
Chairman
- Total calculated
- $0
- Hours/week
- 6
-
Darren Durrett
Vice President
- Total calculated
- $0
- Hours/week
- 6
-
Scott Flannery
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Randy Ford Chair Elect
Chairman
- Total calculated
- $0
- Hours/week
- 6
-
Marta Frey
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kortney Gibson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Raul Hinojosa
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Heather Hurd
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Hurst
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Johnny Lee
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Alicia Makaye
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Debbie Richards
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jen Royal
Vice President
- Total calculated
- $0
- Hours/week
- 6
-
Bill Schaid
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Monica Scott
Vice President
- Total calculated
- $0
- Hours/week
- 6
-
Grant Tonne
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Tuthill
Vice President
- Total calculated
- $0
- Hours/week
- 6
-
Suzanne Williamson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Eric Peltier
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Monica Scott
Vice President
- Total calculated
- $0
- Hours/week
- 6
-
Karen Ethridge
Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349324495
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