Form 990 for tax year 2024
Filed by SOUTHLAKE CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $1,684,718
- Total expenses
- $1,672,493
- Contributions and grants received
- $432,069
- Grants paid
- $0
- Program service revenue
- $1,146,713
- Investment income
- $12,020
- Other revenue
- $93,916
- Total assets, end of year
- $745,399
- Total liabilities, end of year
- $304,112
- Net assets or fund balances, end of year
- $441,287
- 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
$432,069
-
2a · Program service revenue: OKTOBERFEST
total $986,969 · related or exempt $986,969
-
2b · Program service revenue: AWARDS BANQUET
total $66,837 · related or exempt $66,837
-
2c · Program service revenue: MEMBERS LUNCHEON
total $54,448 · related or exempt $54,448
-
2d · Program service revenue: LEADERSHIP SOUTHLAKE
total $17,700 · related or exempt $17,700
-
2e · Program service revenue: CHAMBER SERVICES
total $13,287 · related or exempt $13,287
-
2f · All other program service revenue
total $7,472 · related or exempt $7,472
-
3 · Investment income
total $12,020 · excluded $12,020
-
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
$32,625
-
9b · Gaming: direct expenses
$13,421
-
9c · Net income from gaming
total $19,204 · excluded $19,204
-
11a · Other revenue: DIRECTORY AND MAP REVENUE
total $43,758 · related or exempt $43,758
-
11b · Other revenue: INSURANCE PROCEEDS
total $20,454 · related or exempt $20,454
-
11c · Other revenue: ED REIMBURSEMENT
total -$7,500 · related or exempt -$7,500
-
11e · Other revenue, total
$56,712
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $167,279
-
7 · Other salaries and wages
total $223,014
-
8 · Pension plan contributions
total $12,877
-
9 · Other employee benefits
total $25,532
-
10 · Payroll taxes
total $31,974
-
11c · Fees: accounting
total $20,997
-
11g · Fees: other
total $10,872
-
13 · Office expenses
total $47,299
-
14 · Information technology
total $19,736
-
16 · Occupancy
total $36,821
-
17 · Travel
total $4,620
-
19 · Conferences, conventions and meetings
total $300
-
20 · Interest
total $3,465
-
22 · Depreciation, depletion and amortization
total $15,465
-
23 · Insurance
total $13,268
-
24a · Other expenses: OKTOBERFEST EXPENSE
total $783,890
-
24b · Other expenses: BAD DEBT
total $93,500
-
24c · Other expenses: MEMBERS LUNCHEON EXPENSE
total $51,304
-
24d · Other expenses: AWARDS BANQUET EXPENSE
total $47,976
-
24e · All other expenses
total $62,304
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $354,260 · end of year $318,095
-
4 · Accounts receivable
beginning of year $147,917 · end of year $132,003
-
9 · Prepaid expenses and deferred charges
beginning of year $13,294 · end of year $29,669
-
10a · Land, buildings and equipment: cost or other basis
$561,136
-
10b · Land, buildings and equipment: accumulated depreciation
$296,404
-
10c · Land, buildings and equipment, net
beginning of year $247,201 · end of year $264,732
-
15 · Other assets
end of year $900
-
17 · Accounts payable and accrued expenses
beginning of year $6,607 · end of year $6,811
-
19 · Deferred revenue
beginning of year $155,386 · end of year $160,536
-
24 · Unsecured notes and loans payable
beginning of year $141,550 · end of year $135,400
-
25 · Other liabilities
beginning of year $29,291 · end of year $1,365
-
27 · Net assets without donor restrictions
beginning of year $429,838 · end of year $441,287
Mission and programs · 2024
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 2024 return.
Listed in Part VII
-
Mark GuilbertMARK GUILBERT
PRESIDENT/CE
- Total calculated
- $167,279
- From this org
- $167,279
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,279
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $167,279
-
Kush RaoKUSH RAO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Michelle KrenekMICHELLE KRENEK
RETENTION/IN
- Total calculated
- $0
- Hours/week
- 1
-
Bob SiffermannBOB SIFFERMANN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa H HarringtonLISA H HARRINGTON
PARLIAMENTAR
- Total calculated
- $0
- Hours/week
- 1
-
Benson ChackoBENSON CHACKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Sam RobbinsREV SAM ROBBINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janice HorakJANICE HORAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca BarksdaleREBECCA BARKSDALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Buck GiesekeBUCK GIESEKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary FickesGARY FICKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diana McWilliamsDIANA MCWILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Funmi AkintadeFUNMI AKINTADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul BarhamPAUL BARHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lynda WarnerLYNDA WARNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert A TysonROBERT A TYSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jared StanyerJARED STANYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul AlwinePAUL ALWINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlie McCaslinCHARLIE MCCASLIN
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Shawn McCaskillSHAWN MCCASKILL
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Daniel CortezDANIEL CORTEZ
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
John FletcherJOHN FLETCHER
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Ian MacLeanIAN MACLEAN
EX-OFICCIO
- Total calculated
- $0
- Hours/week
- 1
-
Victoria MeagherVICTORIA MEAGHER
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Ronak KothariRONAK KOTHARI
EX-OFFICIO
- 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
- 2024
- Filed
- 24 April 2026
- IRS schema version
- 2024v5.0
- Source object
- 202601149349300025
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