Form 990 for tax year 2022
Filed by SOUTHLAKE CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $1,472,719
- Total expenses
- $1,520,751
- Contributions and grants received
- $378,557
- Grants paid
- $3,600
- Program service revenue
- $1,039,883
- Investment income
- $903
- Other revenue
- $53,376
- Total assets, end of year
- $541,647
- Total liabilities, end of year
- $308,112
- Net assets or fund balances, end of year
- $233,535
- 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
$372,057
-
1e · Government grants (contributions)
$6,500
-
2a · Program service revenue: OKTOBERFEST
total $882,866 · related or exempt $882,866
-
2b · Program service revenue: AWARDS BANQUET
total $61,757 · related or exempt $61,757
-
2c · Program service revenue: MEMBERS LUNCHEON
total $57,506 · related or exempt $57,506
-
2d · Program service revenue: STARS AND STRIPES
total $17,477 · related or exempt $17,477
-
2e · Program service revenue: LEADERSHIP SOUTHLAKE
total $11,852 · related or exempt $11,852
-
2f · All other program service revenue
total $8,425 · related or exempt $8,425
-
3 · Investment income
total $903 · excluded $903
-
6a · Gross rents
real property $15,900
-
6b · Less rental expenses
real property $16,425
-
6c · Rental income or loss
real property -$525
-
6d · Net rental income or loss
total -$525 · related or exempt -$525
-
9a · Gaming: gross income
$19,633
-
9b · Gaming: direct expenses
$5,836
-
9c · Net income from gaming
total $13,797 · excluded $13,797
-
11a · Other revenue: ED REIMBURSEMENT
total $35,000 · related or exempt $35,000
-
11b · Other revenue: DIRECTORY AND MAP REVENUE
total $4,864 · related or exempt $4,864
-
11c · Other revenue: MEMBER INVESTMENT REVENUE
total $240 · related or exempt $240
-
11e · Other revenue, total
$40,104
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,600
-
7 · Other salaries and wages
total $346,879
-
8 · Pension plan contributions
total $10,968
-
9 · Other employee benefits
total $31,676
-
10 · Payroll taxes
total $27,675
-
11c · Fees: accounting
total $20,464
-
11g · Fees: other
total $13,084
-
13 · Office expenses
total $27,651
-
14 · Information technology
total $16,646
-
16 · Occupancy
total $7,165
-
17 · Travel
total $3,953
-
19 · Conferences, conventions and meetings
total $4,300
-
20 · Interest
total $3,465
-
22 · Depreciation, depletion and amortization
total $21,819
-
23 · Insurance
total $2,415
-
24a · Other expenses: OKTOBERFEST EXPENSE
total $761,000
-
24b · Other expenses: BAD DEBT
total $64,186
-
24c · Other expenses: MEMBERS LUNCHEON EXPENSE
total $53,648
-
24d · Other expenses: AWARDS BANQUET EXPENSE
total $44,752
-
24e · All other expenses
total $55,405
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $153,058 · end of year $125,438
-
4 · Accounts receivable
beginning of year $147,487 · end of year $139,933
-
9 · Prepaid expenses and deferred charges
beginning of year $13,759 · end of year $7,641
-
10a · Land, buildings and equipment: cost or other basis
$529,270
-
10b · Land, buildings and equipment: accumulated depreciation
$260,635
-
10c · Land, buildings and equipment, net
beginning of year $286,205 · end of year $268,635
-
17 · Accounts payable and accrued expenses
beginning of year $6,050 · end of year $6,631
-
19 · Deferred revenue
beginning of year $161,892 · end of year $148,612
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $145,714
-
25 · Other liabilities
beginning of year $1,000 · end of year $7,155
-
27 · Net assets without donor restrictions
beginning of year $281,567 · end of year $233,535
Mission and programs · 2022
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 2022 return.
Listed in Part VII
-
Mark GuilbertMARK GUILBERT
PRESIDENT/CE
- Total calculated
- $149,887
- From this org
- $145,162
- From related orgs
- $0
- Other
- $4,725
- Hours/week
- 40
-
Rebecca BarksdaleREBECCA BARKSDALE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Benson ChackoBENSON CHACKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karl ChesterKARL CHESTER
CHAIR ELECT
- 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
-
Lisa H HarringtonLISA H HARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monika HeatonMONIKA HEATON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Courtney HoltCOURTNEY HOLT
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Ronak KothariRONAK KOTHARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle KrenekMICHELLE KRENEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Lane LedbetterDR LANE LEDBETTER
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Ian MacLeanIAN MACLEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shawn McCaskillSHAWN MCCASKILL
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer McCauleyJENNIFER MCCAULEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd MuilenburgTODD MUILENBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kush RaoKUSH RAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tanner ScheppersTANNER SCHEPPERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob SiffermannBOB SIFFERMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clint SneadCLINT SNEAD
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Paige J SohnDR PAIGE J SOHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chuck HulettCHUCK HULETT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sterling SmithSTERLING SMITH
TREASURER
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349304419
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