Totals
- Total revenue
- $1,630,790
- Total expenses
- $1,345,987
- Contributions and grants received
- $704,163
- Grants paid
- $0
- Program service revenue
- $611,716
- Investment income
- $1,313
- Other revenue
- $313,598
- Total assets, end of year
- $1,282,522
- Total liabilities, end of year
- $152,688
- Net assets or fund balances, end of year
- $1,129,834
- Program services expenses (Part IX)
- $1,029,886
- Management and general expenses
- $316,101
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,029,886
Program services were 76.5% 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
$704,163
-
2a · Program service revenue: PROGRAM EVENTS AND ACT
total $611,716 · related or exempt $611,716
-
3 · Investment income
total $1,313 · excluded $1,313
-
11a · Other revenue: OTHER INCOME
total $274,467 · related or exempt $274,467
-
11b · Other revenue: ADVERTISING INCOME-PUB
total $39,131 · unrelated business $39,131
-
11e · Other revenue, total
$313,598
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $181,402 · program services $5,513 · management and general $175,889
-
7 · Other salaries and wages
total $438,449 · program services $438,449
-
8 · Pension plan contributions
total $23,666 · program services $17,326 · management and general $6,340
-
9 · Other employee benefits
total $73,876 · program services $53,584 · management and general $20,292
-
10 · Payroll taxes
total $47,361 · program services $33,922 · management and general $13,439
-
11c · Fees: accounting
total $27,581 · management and general $27,581
-
11g · Fees: other
total $7,237 · management and general $7,237
-
12 · Advertising and promotion
total $13,139 · program services $9,197 · management and general $3,942
-
13 · Office expenses
total $16,649 · program services $11,654 · management and general $4,995
-
16 · Occupancy
total $33,051 · program services $23,136 · management and general $9,915
-
20 · Interest
total $4,741 · program services $3,319 · management and general $1,422
-
22 · Depreciation, depletion and amortization
total $33,679 · program services $23,575 · management and general $10,104
-
23 · Insurance
total $5,814 · program services $4,070 · management and general $1,744
-
24a · Other expenses: PROGRAM EVENTS AND ACTI
total $375,264 · program services $375,264
-
24b · Other expenses: STAFF AND COMMUNITY DEV
total $32,847 · program services $22,993 · management and general $9,854
-
24c · Other expenses: SUPPORT EXPENSES
total $13,648 · management and general $13,648
-
24d · Other expenses: OTHER EXPENSE
total $10,822 · program services $7,575 · management and general $3,247
-
24e · All other expenses
total $6,761 · program services $309 · management and general $6,452
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $132,012 · end of year $259,579
-
2 · Savings and temporary cash investments
beginning of year $487,348 · end of year $539,206
-
10a · Land, buildings and equipment: cost or other basis
$1,089,375
-
10b · Land, buildings and equipment: accumulated depreciation
$605,638
-
10c · Land, buildings and equipment, net
beginning of year $517,417 · end of year $483,737
-
17 · Accounts payable and accrued expenses
beginning of year $2,362 · end of year $2,688
-
23 · Secured mortgages and notes payable
beginning of year $289,384 · end of year $150,000
-
27 · Net assets without donor restrictions
beginning of year $845,031 · end of year $1,129,834
Mission and programs · 2022
Mission
THE FRISCO CHAMBER OF COMMERCE IS A VOLUNTARY MEMBER BASED ORGANIZATION OF BUSINESS AND PROFESSIONAL MEN AND WOMEN WHO HAVE JOINED TOGETHER FOR THE PURPOSE OF PROMOTING THE CIVIC AND BUSINESS COMMUNITY. THE CHAMBER STRIVES TO DEVELOP STRONG BUSINESSES AND VIBRANT ECONOMY THROUGH BUSINESS ADVOCACY AND LEADERSHIP, THROUGH PROGRAMS SUCH AS NETWORKING, COMMITTEES, MEMBERSHIP MEETINGS AND BUSINESS EDUCATIONAL PROGRAMS. THE FRISCO CHAMBER'S GOAL IS TO "EMPOWER YOUR SUCCESS".
Activities or mission (Part I)
TO PROTECT AND PROMOTE COMMERCE THROUGH ADVOCACY, RESOURCES, AND CONNECTIONS.
-
THE FRISCO CHAMBER OF COMMERCE GOLF TOURNAMENT PROVIDED THE OPPORTUNITY FOR LOCAL BUSINESSES TO BUILD POSITIVE RELATIONSHIPS WITHIN THE BUSINESS COMMUNITY. REVENUE $59,040 WITH DIRECT EXPENDITURES $36,302.
Expenses $36,302 · Revenue $59,040
-
EACH YEAR, THE FRISCO CHAMBER OF COMMERCE RECOGNIZES OUTSTANDING ENTITIES AND INDIVIDUALS AT ITS ANNUAL GALA, ATTENDED BY OVER 600 INFLUENTIAL LOCAL LEADERS. NOMINATIONS ARE REVIEWED BY A DIVERSE COMMITTEE OF BUSINESS PROFESSIONALS. BESIDES STANDARD AWARDS, THE CHAMBER'S PRESIDENT AND CHAIR EACH HONOR A SIGNIFICANT CONTRIBUTOR TO THE CHAMBER. NOMINATIONS OPEN EVERY FALL. REVENUE $180,910 WITH DIRECT EXPENDITURES $109,131
Expenses $109,131 · Revenue $180,910
-
THE LEADERSHIP EXCHANGE TRIP PROVIDES ATTENDEES WITH UNPARALLELED LEARNING AND NETWORKING OPPORTUNITIES, TAILORED FOR THOSE EAGER TO SHAPE FRISCO'S FUTURE. BY ENGAGING IN SPECIALIZED WORKSHOPS AND CONNECTING WITH COMMUNITY LEADERS, PARTICIPANTS ACQUIRE TOOLS AND INSIGHTS TO DRIVE POSITIVE CHANGE. REVENUE $79,500 WITH DIRECT EXPENDITURES $57,384.
Expenses $57,384 · Revenue $79,500
-
Expenses $827,069 · Revenue $566,733
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
C John Scheef IIIC JOHN SCHEEF III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
John NewkirkJOHN NEWKIRK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Suad BejtovicSUAD BEJTOVIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Matthew ReiterMATTHEW REITER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2.3
-
Ann AndersonANN ANDERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.3
-
Brett LeeBRETT LEE
DIRECTOR, AT LARGE
- Total calculated
- $0
- Hours/week
- 2.3
-
Mike BarberMIKE BARBER
CHAIR
- Total calculated
- $0
- Hours/week
- 2.3
-
Peter BurnsPETER BURNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Megan Nguyen TrinhMEGAN NGUYEN TRINH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Brian WysongBRIAN WYSONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Jeremy HowellJEREMY HOWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Terri Paterson McElhaneyTERRI PATERSON MCELHANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Chad SterlingCHAD STERLING
TREASURER
- Total calculated
- $0
- Hours/week
- 2.3
-
Ashley MillerASHLEY MILLER
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 2.3
-
Wesley RandallWESLEY RANDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Amanda LaganAMANDA LAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Barbara MiloBARBARA MILO
DIRECTOR, AT LARGE
- Total calculated
- $0
- Hours/week
- 2.3
-
Shanthi RajaramSHANTHI RAJARAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Jeff SmilthJEFF SMILTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.3
-
Anthony Tony FelkerANTHONY TONY FELKER
PRESIDENT/CEO
- Total calculated
- $181,402
- From this org
- $166,450
- From related orgs
- $0
- Other
- $14,952
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,450
- Bonus
- $0
- Other
- $0
- Deferred
- $6,340
- Nontaxable benefits
- $8,612
- Filer's total
- $181,402
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 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342279349304604
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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