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Nonprofiteer
← PLANO CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by PLANO CHAMBER OF COMMERCE.

Totals

Total revenue
$1,158,891
Total expenses
$1,173,922
Contributions and grants received
$771,359
Grants paid
$0
Program service revenue
$301,706
Investment income
$33,703
Other revenue
$52,123
Total assets, end of year
$1,856,132
Total liabilities, end of year
$597,716
Net assets or fund balances, end of year
$1,258,416
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $771,359

  • 2a · Program service revenue: OTHER PROGRAM SERVICES

    total $241,262 · related or exempt $241,262

  • 2b · Program service revenue: WOMEN'S DIVISION

    total $36,919 · related or exempt $36,919

  • 2c · Program service revenue: BEST OF PLANO EVENT

    total $23,525 · related or exempt $23,525

  • 3 · Investment income

    total $33,589 · excluded $33,589

  • 7a · Gross sales of assets other than inventory

    securities $269,766

  • 7b · Less cost or other basis and sales expenses

    securities $269,652

  • 7c · Gain or loss

    securities $114

  • 7d · Net gain or loss

    total $114 · excluded $114

  • 11a · Other revenue: ADVERTISEMENT REVENUE

    total $47,507 · unrelated business $47,507

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $4,616 · related or exempt $4,616

  • 11e · Other revenue, total

    $52,123

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $120,033

  • 7 · Other salaries and wages

    total $492,991

  • 8 · Pension plan contributions

    total $14,762

  • 9 · Other employee benefits

    total $59,106

  • 10 · Payroll taxes

    total $51,580

  • 11c · Fees: accounting

    total $14,950

  • 11f · Fees: investment management

    total $6,088

  • 11g · Fees: other

    total $23,435

  • 13 · Office expenses

    total $23,521

  • 14 · Information technology

    total $14,610

  • 16 · Occupancy

    total $30,786

  • 22 · Depreciation, depletion and amortization

    total $38,324

  • 23 · Insurance

    total $3,217

  • 24a · Other expenses: EVENTS AND NETWORKING

    total $81,127

  • 24b · Other expenses: PUBLIC POLICY & ADVOCAC

    total $46,447

  • 24c · Other expenses: MEMBERSHIP DUES

    total $46,124

  • 24d · Other expenses: EDUCATION AND DEVELOPME

    total $41,853

  • 24e · All other expenses

    total $64,968

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,915 · end of year $26,184

  • 2 · Savings and temporary cash investments

    beginning of year $675,861 · end of year $704,933

  • 4 · Accounts receivable

    beginning of year $102,043 · end of year $71,102

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,732 · end of year $4,521

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

    $364,703

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

    $232,264

  • 10c · Land, buildings and equipment, net

    beginning of year $156,836 · end of year $132,439

  • 11 · Investments: publicly traded securities

    beginning of year $741,483 · end of year $806,579

  • 15 · Other assets

    beginning of year $0 · end of year $110,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,789 · end of year $48,662

  • 19 · Deferred revenue

    beginning of year $438,406 · end of year $438,353

  • 25 · Other liabilities

    beginning of year $0 · end of year $110,701

  • 27 · Net assets without donor restrictions

    beginning of year $1,286,450 · end of year $1,258,416

  • 28 · Net assets with donor restrictions

    beginning of year $1,225 · end of year $0

Mission and programs · 2022

Mission

THE PLANO CHAMBER OF COMMERCE IS ORGANIZED TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF PLANO AND COLLIN COUNTY SO THAT THE BUSINESS COMMUNITY AND ITS CITIZENS SHALL PROSPER. FURTHER, THE CHAMBER STRIVES TO DELIVER THROUGH ITS PROGRAMS AND THROUGH THE EFFORTS OF ITS VOLUNTEERS, A HIGH QUALITY OF LIFE FOR THE CITIZENS OF PLANO AND COLLIN COUNTY.

Activities or mission (Part I)

PROVIDES RESOURCES TO MAXIMIZE BUSINESS DEVELOPMENT THROUGH ADVOCACY, EDUCATION, INNOVATION, AND COLLABORATION.

  • THE BEST OF PLANO EVENT IS THE PLANO CHAMBER OF COMMERCE'S ANNUAL TOP BUSINESS AWARD CELEBRATION. THE EVENT HONORS THE CITY'S TOP LEADERS FOR THEIR SERVICE AND DEDICATION TO THEIR BUSINESS AND COMMUNITY. WINNERS OF THE ATHENA AWARD, SMALL BUSINESS OF THE YEAR AWARD, OUTSTANDING CORPORATE CITIZEN, AND THE BUSINESS EXECUTIVE OF THE YEAR AWARD ARE HONORED AT THE EVENT.

  • THE PLANO CHAMBER OF COMMERCE SPONSORS THE LEADERSHIP PLANO PROGRAM. LEADERSHIP PLANO IS A COMMUNITY LEADERSHIP DEVELOPMENT PROGRAM. LEADERSHIP PLANO IS DEDICATED TO EDUCATING, DEVELOPING, AND EMPOWERING CURRENT AND FUTURE LEADERS FOR THE COMMUNITY AND MOTIVATING THEM TO SERVE CIVIC, CHARITABLE, AND BUSINESS ORGANIZATIONS.

  • THE PLANO CHAMBER OF COMMERCE'S WOMEN'S DIVISION PROGRAM WAS CREATED TO EMPOWER WOMEN THROUGH ADVOCACY, EDUCATION, AND NETWORKING. ITS PURPOSE IS TO PROMOTE WOMEN IN BUSINESS THROUGH NETWORKING, EDUCATIONAL LUNCHEONS AND PROFESSIONAL DEVELOPMENT PROGRAMS. IN HARMONY WITH THE CHAMBER'S MISSION, THE PLANO CHAMBER OF COMMERCE STRIVES TO ACT AS ROLE MODELS, EDUCATORS, AND MENTORS TO WOMEN. THE PLANO CHAMBER OF COMMERCE PROVIDES A PLATFORM TO SUPPORT AND ENCOURAGE WOMEN IN BUSINESS AND TO PROVIDE A VOICE WITHIN THE CHAMBER FOR WOMEN'S BUSINESS ISSUES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joan Cetera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Crystal Clayton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1
  • Sean Corrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Kellie Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • David Downs

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    0.1
  • Russel Dubree

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1
  • Angela Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Emilee Fulton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Christopher Garza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Paul Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Misty Hoyt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Sam Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Bob Kehr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Michael Lawson

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1
  • Leanne Libby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Kristen Lollar

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1
  • Brian Lyons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Kalpana Murthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Chad Mumford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Pamela Ziegler-Petty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Amanda Rockow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Kendall Rowden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Liz Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Philip Wegner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Phillip Wiginton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Emily Zoog

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.1
  • Kelle Marsalis

    PRESIDENT/CEO

    Total calculated
    $153,875
    From this org
    $137,746
    From related orgs
    $0
    Other
    $16,129
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $133,934
    Bonus
    $0
    Other
    $3,812
    Deferred
    $4,177
    Nontaxable benefits
    $11,952
    Filer's total
    $153,875

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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313059349302296

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