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Nonprofiteer
← SOUTHLAKE CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by SOUTHLAKE CHAMBER OF COMMERCE INC.

Totals

Total revenue
$1,842,587
Total expenses
$1,646,114
Contributions and grants received
$435,240
Grants paid
$2,500
Program service revenue
$1,296,284
Investment income
$8,206
Other revenue
$102,857
Total assets, end of year
$762,672
Total liabilities, end of year
$332,834
Net assets or fund balances, end of year
$429,838
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $435,240

  • 2a · Program service revenue: OKTOBERFEST

    total $1,119,485 · related or exempt $1,119,485

  • 2b · Program service revenue: AWARDS BANQUET

    total $63,186 · related or exempt $63,186

  • 2c · Program service revenue: MEMBERS LUNCHEON

    total $62,830 · related or exempt $62,830

  • 2d · Program service revenue: CHAMBER SERVICES

    total $28,826 · related or exempt $28,826

  • 2e · Program service revenue: STARS AND STRIPES

    total $11,857 · related or exempt $11,857

  • 2f · All other program service revenue

    total $10,100 · related or exempt $10,100

  • 3 · Investment income

    total $8,206 · excluded $8,206

  • 6a · Gross rents

    real property $18,000

  • 6c · Rental income or loss

    real property $18,000

  • 6d · Net rental income or loss

    total $18,000 · related or exempt $18,000

  • 9a · Gaming: gross income

    $31,270

  • 9b · Gaming: direct expenses

    $13,696

  • 9c · Net income from gaming

    total $17,574 · excluded $17,574

  • 11a · Other revenue: ED REIMBURSEMENT

    total $42,500 · related or exempt $42,500

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $17,965 · related or exempt $17,965

  • 11c · Other revenue: DIRECTORY AND MAP REVENUE

    total $6,818 · related or exempt $6,818

  • 11e · Other revenue, total

    $67,283

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,500

  • 5 · Compensation of officers, directors and key employees

    total $165,000

  • 7 · Other salaries and wages

    total $199,053

  • 8 · Pension plan contributions

    total $11,855

  • 9 · Other employee benefits

    total $31,381

  • 10 · Payroll taxes

    total $29,813

  • 11c · Fees: accounting

    total $20,868

  • 11g · Fees: other

    total $16,428

  • 13 · Office expenses

    total $34,295

  • 14 · Information technology

    total $18,142

  • 16 · Occupancy

    total $7,252

  • 17 · Travel

    total $5,225

  • 19 · Conferences, conventions and meetings

    total $551

  • 20 · Interest

    total $2,887

  • 22 · Depreciation, depletion and amortization

    total $21,435

  • 23 · Insurance

    total $10,150

  • 24a · Other expenses: OKTOBERFEST EXPENSE

    total $832,185

  • 24b · Other expenses: BAD DEBT

    total $83,854

  • 24c · Other expenses: MEMBERS LUNCHEON EXPENSE

    total $52,295

  • 24d · Other expenses: AWARDS BANQUET EXPENSE

    total $50,012

  • 24e · All other expenses

    total $50,933

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,438 · end of year $354,260

  • 4 · Accounts receivable

    beginning of year $139,933 · end of year $147,917

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,641 · end of year $13,294

  • 10a · Land, buildings and equipment: cost or other basis

    $528,140

  • 10b · Land, buildings and equipment: accumulated depreciation

    $280,939

  • 10c · Land, buildings and equipment, net

    beginning of year $268,635 · end of year $247,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,631 · end of year $6,607

  • 19 · Deferred revenue

    beginning of year $148,612 · end of year $155,386

  • 24 · Unsecured notes and loans payable

    beginning of year $145,714 · end of year $141,550

  • 25 · Other liabilities

    beginning of year $7,155 · end of year $29,291

  • 27 · Net assets without donor restrictions

    beginning of year $233,535 · end of year $429,838

Mission and programs · 2023

Mission

TO PROMOTE THE WELL-BEING OF ITS MEMBERS AND THE SOUTHLAKE, TX AREA BY ENCOURAGING THE GROWTH OF EXISTING BUSINESSES WHILE ATTRACTING NEW FIRMS AND INDIVIDUALS.

  • HOST COMMUNITY EVENTS TO SUPPORT LOCAL BUSINESSES - OKTOBERFEST, AWARDS BANQUET, BINGO, MEMBER MIXERS, MEMBER LUNCHEONS & COMMUNITY PRAYER BREAKFASTS

  • LEADERSHIP SOUTHLAKE IS A DYNAMIC WAY FOR BUSINESS LEADERS TO LEARN ABOUT SOUTHLAKE. ALUMNI INCLUDE A VARIETY OF COMMUNITY AND CIVIC LEADERS. FOR OVER 30 YEARS, LEADERSHIP SOUTHLAKE HAS INTRODUCED EMERGING AND RECOGNIZED LEADERS TO THE INNER WORKINGS OF OUR COMMUNITY THROUGH A TEN-MONTH PROGRAM ON TOPICS THAT AFFECT OUR QUALITY OF LIFE, PROVIDING PROFESSIONAL DEVELOPMENT, LEADERSHIP TRAINING, AND NETWORK OPPORTUNITIES.

As filed on the 2023 return.

Listed in Part VII

  • Mark Guilbert

    PRESIDENT/CE

    Total calculated
    $190,554
    From this org
    $165,000
    From related orgs
    $0
    Other
    $25,554
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $25,554
    Filer's total
    $190,554

  • Rebecca Barksdale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Benson Chacko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karl Chester

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Cortez

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • John Cullinane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Fickes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Fletcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Buck Gieseke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa H Harrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janice Horak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kylan Hoss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronak Kothari

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Michelle Krenek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Lane Ledbetter

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Ian MacLean

    EX-OFICCIO

    Total calculated
    $0
    Hours/week
    1

  • Shawn McCaskill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charlie McCaslin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer McCauley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diana McWilliams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victoria Meagher

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Reasa Selph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Hulett

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kush Rao

    INCOMING CHA

    Total calculated
    $0
    Hours/week
    1

  • Bob Siffermann

    TREASURER

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.0
Source object
202443189349300419

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