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Nonprofiteer
← ABILENE CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by ABILENE CHAMBER OF COMMERCE.

Totals

Total revenue
$6,161,492
Total expenses
$5,976,329
Contributions and grants received
$1,038,445
Grants paid
$336,089
Program service revenue
$4,908,098
Investment income
$23,579
Other revenue
$191,370
Total assets, end of year
$4,889,350
Total liabilities, end of year
$1,985,421
Net assets or fund balances, end of year
$2,903,929
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,941,389

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.

  • 1e · Government grants (contributions)

    $311,940

  • 1f · All other contributions, gifts and grants

    $726,505

  • 2a · Program service revenue: Membership Dues

    total $535,354 · related or exempt $535,354

  • 2b · Program service revenue: Contractual Arrangement

    total $3,439,340 · related or exempt $3,439,340

  • 2c · Program service revenue: Trade Shows

    total $251,544 · related or exempt $251,544

  • 2d · Program service revenue: Performing Arts Series

    total $30,399 · related or exempt $30,399

  • 2e · Program service revenue: Cultural programs

    total $123,330 · related or exempt $123,330

  • 2f · All other program service revenue

    total $528,131 · related or exempt $528,131

  • 3 · Investment income

    total $23,579 · excluded $23,579

  • 11a · Other revenue: Miscellaneous

    total $73,770 · related or exempt $73,770

  • 11b · Other revenue: Service to Affiliates

    total $117,600 · related or exempt $117,600

  • 11e · Other revenue, total

    $191,370

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $336,089

  • 5 · Compensation of officers, directors and key employees

    total $369,026

  • 7 · Other salaries and wages

    total $1,408,918

  • 8 · Pension plan contributions

    total $112,368

  • 9 · Other employee benefits

    total $245,523

  • 10 · Payroll taxes

    total $129,740

  • 11c · Fees: accounting

    total $26,300

  • 11g · Fees: other

    total $870,112

  • 12 · Advertising and promotion

    total $398,512

  • 13 · Office expenses

    total $172,804

  • 14 · Information technology

    total $140,422

  • 16 · Occupancy

    total $82,643

  • 17 · Travel

    total $248,866

  • 19 · Conferences, conventions and meetings

    total $107,905

  • 20 · Interest

    total $22,120

  • 22 · Depreciation, depletion and amortization

    total $257,684

  • 24a · Other expenses: Promotional items and supply

    total $444,501 · program services $444,501

  • 24b · Other expenses: Venue and equipment rental

    total $136,186 · program services $136,186

  • 24c · Other expenses: Sponsorships and scholarship

    total $346,475 · program services $346,475

  • 24d · Other expenses: Dues and subscriptions

    total $67,504 · program services $67,504

  • 24e · All other expenses

    total $52,631

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,654,854 · end of year $1,641,492

  • 2 · Savings and temporary cash investments

    beginning of year $766,093 · end of year $770,709

  • 4 · Accounts receivable

    beginning of year $593,121 · end of year $799,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $133,544 · end of year $203,601

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

    $2,071,739

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

    $945,815

  • 10c · Land, buildings and equipment, net

    beginning of year $189,596 · end of year $1,125,924

  • 11 · Investments: publicly traded securities

    beginning of year $348,301 · end of year $297,222

  • 12 · Investments: other securities

    beginning of year $141 · end of year $141

  • 15 · Other assets

    end of year $50,303

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,063 · end of year $306,568

  • 19 · Deferred revenue

    beginning of year $159,841 · end of year $131,945

  • 24 · Unsecured notes and loans payable

    beginning of year $144,686 · end of year $140,910

  • 25 · Other liabilities

    beginning of year $459,802 · end of year $1,405,998

  • 27 · Net assets without donor restrictions

    beginning of year $2,741,258 · end of year $2,903,929

Mission and programs · 2022

Mission

The mission of Abilene Chamber of Commerce is to promote the economy and quality of life in Abilene, Texas by providing services to local businesses, educational opportunities, promoting Abilene as a travel destination, and promoting cultural activities and organizations.

  • Convention and visitors sales and services - Programs which contract with associations to bring conventions to Abilene and which provide information about the community through brochures and various advertising media to promote tourism. The programs goals include generating overnight stays in Abilene, thereby contributing to the overall economy and quality of life.

    Expenses $1,947,085 · Revenue $2,351,813

  • Cultural Affairs - Programs which encourage participation in the Arts by making grants to various arts organizations, sponsoring performing arts series, sponsoring an outdoor sculpture project, taking performing artists into the local schools and sponsoring a childrens art and literacy festival.

    Expenses $1,384,827 · Revenue $883,129

  • Military Affairs - a program to promote goodwill between the City and personnel at Dyess Air Force Base. The program sponsors an annual barbecue for active duty military personnel and their families and Department of Defense employees and their families. The program also seeks to retain and expand the mission of the base, thereby creating local jobs and a stable economy.

    Expenses $609,477 · Revenue $396,039

As filed on the 2022 return.

Listed in Part VII

  • Doug Peters

    President and CEO

    Total calculated
    $322,270
    From this org
    $276,813
    From related orgs
    $0
    Other
    $45,457
    Hours/week
    23 + 17 related

    Schedule J breakdown matched by us

    Base
    $236,813
    Bonus
    $40,000
    Other
    not reported
    Deferred
    $17,529
    Nontaxable benefits
    $27,928
    Filer's total
    $322,270

  • Frances Williamson

    Vice President Administratio

    Total calculated
    $65,764
    From this org
    $59,672
    From related orgs
    $0
    Other
    $6,092
    Hours/week
    40

  • Katie Alford

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Bailey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matt Beard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amanda OConnor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Mangrem

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rick Waldraff

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brandon Osborne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad Benham

    Director

    Total calculated
    $0
    Hours/week
    1

  • Donna Long-Wolfer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pam Tippen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Keith White

    Director

    Total calculated
    $0
    Hours/week
    1

  • Adam Lancaster

    Director

    Total calculated
    $0
    Hours/week
    1

  • Will Dugger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ted Evans

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shanna Kevil

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel Lantrip

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shaun Martin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Travis Ruiz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Cheung-Navejas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mitch Barnett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Blair

    Director

    Total calculated
    $0
    Hours/week
    1

  • Albert Gutierrez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Gutierrez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tyler Sitzes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nathan Lowry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Pearson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Jay

    Chair Elect

    Total calculated
    $0
    Hours/week
    2

  • Marshall Morris

    Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Laura Moore

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Kelsi Mangrem

    SecretaryTreasurer

    Total calculated
    $0
    Hours/week
    2

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract

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

The 10 largest by cash amount. The API serves every itemized grant.

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
13 August 2024
IRS schema version
2022v5.0
Source object
202432269349302313

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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