Form 990 for tax year 2023
Filed by RIO GRANDE VALLEY CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $852,888
- Total expenses
- $1,105,511
- Contributions and grants received
- $22,400
- Grants paid
- $0
- Program service revenue
- $798,497
- Investment income
- $4,380
- Other revenue
- $27,611
- Total assets, end of year
- $474,402
- Total liabilities, end of year
- $63,468
- Net assets or fund balances, end of year
- $410,934
- Program services expenses (Part IX)
- $749,192
- Management and general expenses
- $356,319
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $749,192
Program services were 67.8% 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.
-
1e · Government grants (contributions)
$22,400
-
2a · Program service revenue: PROGRAMS AND EVENTS
total $389,194 · related or exempt $389,194
-
2b · Program service revenue: MEMBERSHIP SALES
total $289,147 · related or exempt $289,147
-
2c · Program service revenue: MOBILITY
total $85,420 · related or exempt $85,420
-
2d · Program service revenue: RGV LEADERSHIP
total $34,736 · related or exempt $34,736
-
3 · Investment income
total $4,380 · excluded $4,380
-
6a · Gross rents
real property $13,838
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $13,838
-
6d · Net rental income or loss
total $13,838 · related or exempt $13,838
-
9a · Gaming: gross income
$373,876
-
9b · Gaming: direct expenses
$388,317
-
9c · Net income from gaming
total -$14,441 · related or exempt -$32,457 · unrelated business $18,016
-
11a · Other revenue: MANAGEMENT FEES
total $20,000 · related or exempt $20,000
-
11b · Other revenue: BOARD OF DIRECTORS LUN
total $5,000 · related or exempt $5,000
-
11c · Other revenue: OTHER INCOME
total $3,214 · related or exempt $3,214
-
11e · Other revenue, total
$28,214
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $140,000 · program services $105,000 · management and general $35,000
-
7 · Other salaries and wages
total $155,227 · program services $116,420 · management and general $38,807
-
8 · Pension plan contributions
total $5,703 · program services $4,277 · management and general $1,426
-
9 · Other employee benefits
total $22,629 · program services $16,972 · management and general $5,657
-
10 · Payroll taxes
total $24,232 · program services $18,174 · management and general $6,058
-
11c · Fees: accounting
total $12,439 · program services $9,329 · management and general $3,110
-
12 · Advertising and promotion
total $4,687 · program services $3,515 · management and general $1,172
-
13 · Office expenses
total $43,172 · program services $21,586 · management and general $21,586
-
14 · Information technology
total $19,203 · management and general $19,203
-
17 · Travel
total $1,319 · program services $1,319
-
19 · Conferences, conventions and meetings
total $1,027 · program services $770 · management and general $257
-
20 · Interest
total $10,222 · management and general $10,222
-
22 · Depreciation, depletion and amortization
total $23,312 · management and general $23,312
-
23 · Insurance
total $17,052 · management and general $17,052
-
24a · Other expenses: FEDERAL INCOME TAXES
total $8,692 · management and general $8,692
-
24b · Other expenses: LEGISLATIVE VISIT TO TH
total $179,947 · program services $134,960 · management and general $44,987
-
24c · Other expenses: EVENT EXPENSE
total $143,240 · program services $143,240
-
24d · Other expenses: MOBILITY PLAN STUDY
total $80,997 · program services $80,997
-
24e · All other expenses
total $212,411 · program services $92,633 · management and general $119,778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $313,645 · end of year $86,084
-
2 · Savings and temporary cash investments
beginning of year $161,253 · end of year $133,258
-
4 · Accounts receivable
end of year $39
-
10a · Land, buildings and equipment: cost or other basis
$579,672
-
10b · Land, buildings and equipment: accumulated depreciation
$327,898
-
10c · Land, buildings and equipment, net
beginning of year $272,739 · end of year $251,774
-
15 · Other assets
beginning of year $0 · end of year $3,247
-
17 · Accounts payable and accrued expenses
beginning of year $9,077 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $75,954 · end of year $63,468
-
27 · Net assets without donor restrictions
beginning of year $662,606 · end of year $410,934
Mission and programs · 2023
Mission
TO PROMOTE AND ENHANCE THE ECONOMIC WELL-BEING OF ITS MEMBERSHIP AND THE RIO GRANDE VALLEY; TO FOSTER AND DEVELOP THE CHAMBER PHILOSOPHY; TO WORK WITH LOCAL CHAMBERS OF COMMERCE IN THE RIO GRANDE VALLEY; TO ENCOURAGE A SPIRIT OF COOPERATION AND RAPPORT AMONG ITS MEMBERS AND THEIR ASSOCIATED RELATIONSHIPS THROUGHOUT THE VALLEY; TO ENGAGE IN RESEARCH AND STUDY THAT IS PERTINENT TO THE NEEDS OF THE MEMBERSHIP AND ON COMPLETION OF SUCH STUDY AND RESEARCH TO MAKE THE RESULTS AVAILABLE TO THE MEMBERS; AND TO FOSTER GOODWILL AND GOOD RELATIONS WITH MEXICO.
Activities or mission (Part I)
TO PROMOTE TOURISM AND ECONOMIC DEVELOPMENT OF RGV.
-
TOURISM DEVELOPMENT - TO PROMOTE TOURISM IN THE RIO GRANDE VALLEY OF SOUTH TEXAS.
Expenses $374,596 · Revenue $404,046
-
ECONOMIC DEVELOPMENT - PROJECTS TO STIMULATE ECONOMIC DEVELOPMENT IN THE RIO GRANDE VALLEY OF SOUTH TEXAS.
Expenses $374,596 · Revenue $404,046
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patrick McDonnellPATRICK MCDONNELL
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Brent BaldreeBRENT BALDREE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Deborah CordovaDEBORAH CORDOVA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Naomi PeralesNAOMI PERALES
INCOMING CHAIRWOMAN
- Total calculated
- $0
- Hours/week
- 1
-
Arlene GarzaARLENE GARZA
IMMEDIATE PAST CHAIRWOMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Anabell CardonaANABELL CARDONA
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1.25 related
-
Billy CanalesBILLY CANALES
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 1.25 related
-
JD SalinasJD SALINAS
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Larry GonzalezLARRY GONZALEZ
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1.25 related
-
Lee ReedLEE REED
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Amanda SaldanaAMANDA SALDANA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew WilsonANDREW WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carter BielCARTER BIEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel GarcesDANIEL GARCES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel LucioDANIEL LUCIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David IrizarryDAVID IRIZARRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Francisco DavilaFRANCISCO DAVILA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jose MunozJOSE MUNOZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Juan M LoyaJUAN M LOYA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kent ShepardKENT SHEPARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Kevin CampbellKEVIN CAMPBELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Krys WeyandKRYS WEYAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Maria De La PazMARIA DE LA PAZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marie GarciaMARIE GARCIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matt WolthoffMATT WOLTHOFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew JonesMATTHEW JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael WilliamsonMICHAEL WILLIAMSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Raul Garcia JrRAUL GARCIA JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ralph CowenRALPH COWEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rene AlcalaRENE ALCALA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rene CapistranRENE CAPISTRAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ruben BosquezRUBEN BOSQUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Saul GarciaSAUL GARCIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Sagredo-HammondSARAH SAGREDO-HAMMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ron GarzaRON GARZA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rodrigo GomezRODRIGO GOMEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas DavidsonTHOMAS DAVIDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Luke LucioLUKE LUCIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sergio ContrerasSERGIO CONTRERAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Roberto HaddadROBERTO HADDAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel SilvaDANIEL SILVA
CEO
- Total calculated
- $160,636
- From this org
- $152,800
- From related orgs
- $0
- Other
- $7,836
- Hours/week
- 20 + 30 related
Schedule J breakdown matched by us
- Base
- $140,000
- Bonus
- $12,800
- Other
- $0
- Deferred
- $4,236
- Nontaxable benefits
- $3,600
- Filer's total
- $160,636
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
- 2 · Substantiation required before reimbursing expenses
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CITIZENS AGAINST LAWSUIT ABUSE INC
501(C)(3) · NONPROFIT ADVOCATING AGAINST LAWSUIT ABUSE · TX · controlled entity
Directly controlled by RIO GRANDE VALLEY CHAMBER OF COMMERCE INC
-
RIO GRANDE VALLEY PARTNERSHIP FOUNDATION INC
501(C)(3) · NONPROFIT AIDING ADVANCEMENT AND DIFFUSION OF KNOWLEDGE · TX · controlled entity
Directly controlled by RIO GRANDE VALLEY CHAMBER OF COMMERCE INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540329349300414
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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