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Nonprofiteer
← ARLINGTON CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by ARLINGTON CHAMBER OF COMMERCE.

Totals

Total revenue
$2,174,646
Total expenses
$2,213,551
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,106,865
Investment income
-$2,278
Other revenue
$70,059
Total assets, end of year
$1,440,262
Total liabilities, end of year
$708,754
Net assets or fund balances, end of year
$731,508
Program services expenses (Part IX)
$1,860,919
Management and general expenses
$352,632
Fundraising expenses
$0
Program service expenses (Part III)
$1,860,919

Program services were 84.1% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,056,679 · related or exempt $1,056,679

  • 2b · Program service revenue: ACTIVITIES

    total $975,186 · related or exempt $975,186

  • 2c · Program service revenue: AISD

    total $75,000 · related or exempt $75,000

  • 3 · Investment income

    total -$2,278 · related or exempt -$2,278

  • 11a · Other revenue: OTHER INCOME

    total $69,084 · related or exempt $69,084

  • 11b · Other revenue: OTHER INCOME

    total $975 · unrelated business $975

  • 11e · Other revenue, total

    $70,059

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,166,748 · program services $970,103 · management and general $196,645

  • 13 · Office expenses

    total $111,277 · program services $97,659 · management and general $13,618

  • 16 · Occupancy

    total $417,776 · program services $396,895 · management and general $20,881

  • 17 · Travel

    total $9,683 · program services $7,183 · management and general $2,500

  • 20 · Interest

    total $15,124 · management and general $15,124

  • 22 · Depreciation, depletion and amortization

    total $50,966 · program services $50,966

  • 24a · Other expenses: PROFESSIONAL FEES

    total $221,877 · program services $158,765 · management and general $63,112

  • 24b · Other expenses: CATERING

    total $126,060 · program services $126,060

  • 24c · Other expenses: ORGANIZATION FEES

    total $51,502 · program services $16,245 · management and general $35,257

  • 24d · Other expenses: COMMUNICATIONS

    total $19,476 · program services $17,070 · management and general $2,406

  • 24e · All other expenses

    total $23,062 · program services $19,973 · management and general $3,089

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,003 · end of year $233,467

  • 4 · Accounts receivable

    beginning of year $105,628 · end of year $220,987

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,385 · end of year $80,687

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

    $1,942,550

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

    $1,037,429

  • 10c · Land, buildings and equipment, net

    beginning of year $959,056 · end of year $905,121

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,979 · end of year $119,877

  • 24 · Unsecured notes and loans payable

    beginning of year $301,272 · end of year $280,980

  • 25 · Other liabilities

    beginning of year $200,247 · end of year $307,897

  • 27 · Net assets without donor restrictions

    beginning of year $801,574 · end of year $731,508

Mission and programs · 2024

Mission

ECONOMIC & BUSINESS DEVELOPMENT

  • ECONOMIC DEVELOPMENT-TO STIMULATE A SUSTAINABLE ECONOMY IN ARLINGTON AND THE SURROUNDING REGION THROUGH TARGETING INDUSTRY CLUSTER RECRUITMENT, RETENTION AND EXPANSION, BUILDING THE REGION'S IMAGE AND BRAND RECOGNITION AND ENHANCING THE ECONOMIC CLIMATE TO ESTABLISH THE REGION'S COMPETITIVE POSITIONS.

    Expenses $124,774

  • SMALL BUSINESS DEVELOPMENT-PROVIDE OPPORTUNITIES TO THE SMALL BUSINESSES OF ARLINGTON AND THE SURROUNDING REGION TO EXPAND AND REACH THEIR FULL ECONOMIC POTENTIAL THROUGH ACCESS TO CAPITAL, CUSTOMERS AND INFORMATION AND TRAINING.

    Expenses $496,537

  • EDUCATION AND WORKFORCE DEVELOPMENT-TO TRANSFORM OUR REGION'S WORKFORCE, DEVELOPING EFFECTIVE, EMPLOYER-LED EDUCATION AND WORKFORCE DEVELOPMENT SYSTEMS, FOCUSED ON EDUCATIONAL ATTAINMENT, RESPONSIVE TO OUR RAPIDLY CHANGING ECONOMY, IN ALIGNMENT WITH OUR PRIMARY CLUSTERS.

    Expenses $110,261

  • TO ADVOCATE FOR PUBLIC POLICY AND A REGULATORY ENVIRONMENT SUPPORTIVE OF THE REGION'S ECONOMIC GROWTH, AND OUR PRIMARY INDUSTRY CLUSTERS. CHAMBER ACTIVITIES-TO PROVIDE OPPORTUNITIES FOR SIGNATURE EVENTS AND MEETINGS THAT SUPPORT POLICY, EDUCATION, SMALL BUSINESS DEVELOPMENT AND CHAMBER BUSINESS. MARKETING-TO COMMUNICATE PERTINENT CHAMBER NEWS, PROGRAMS, AND INITIATIVES THROUGH PRINT, DIGITAL AND SOCIAL MEDIUMS.

    Expenses $1,129,347

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Jacobson

    CEO

    Total calculated
    $279,951
    From this org
    $243,489
    From related orgs
    $0
    Other
    $36,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,789
    Bonus
    $500
    Other
    $7,200
    Deferred
    $34,862
    Nontaxable benefits
    $1,600
    Filer's total
    $279,951
  • Gerald B Alley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nancy Blinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robyn Barrere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chad Bates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Gerro

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1
  • Kelly Curnutt

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Andrew Bowne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kim Crawford

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Jim Maibach Cpm

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Scott Carpenter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Casey Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Dailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Becky Gerro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Linda Dipert

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Larry Fowler

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Stephen Cummings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Terry Gaines

    SECRETARY TR

    Total calculated
    $0
    Hours/week
    1
  • Leslie Garvis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Sargent

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Robert Kembel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joni Wilson

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1
  • Jamil Ahmend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Brodie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Carroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom Currie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Doug Dawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dixon Holman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Clay Kelley

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Aziz Kobty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Blake Kretz

    2ND CHAIR EL

    Total calculated
    $0
    Hours/week
    1
  • Tom Read

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Valarie Landry

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Lorie Lisius

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Clem Maddox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maureen Maidlow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ken Mattner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rob Matwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom McCarty

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Matthew Loh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin McGlaun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judy McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert P Shepard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacob Sumpter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandee Treptow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robin Van Werkhoven

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Earl Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Watry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Cowley

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Don Duke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Greg Bibb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sharn Barabarin

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • Beth Owens

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1
  • John Avila

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Allan Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Brady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Oldums

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Victoria Farrar-Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Al Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sam Mahrouq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catherine McMains

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Holly Reeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judy Rupay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brig Serman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patrick Tyler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Urbanic

    DIRECTOR

    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.

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
2024
Filed
11 August 2026
IRS schema version
2024v5.0
Source object
202612299349301481

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

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