Form 990 for tax year 2022
Filed by SOUTH MONTGOMERY COUNTY WOODLANDS CHAMBER OF COMMERCE.
Totals
- Total revenue
- $2,091,565
- Total expenses
- $2,045,165
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,016,118
- Investment income
- $345
- Other revenue
- $75,102
- Total assets, end of year
- $760,669
- Total liabilities, end of year
- $925,162
- Net assets or fund balances, end of year
- -$164,493
- 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.
-
2a · Program service revenue: Business & Leadership
total $141,327 · related or exempt $141,327
-
2b · Program service revenue: Chairman's Ball
total $211,451 · related or exempt $211,451
-
2c · Program service revenue: Economic Outlook Conf.
total $299,154 · related or exempt $299,154
-
2d · Program service revenue: Membership Dues
total $981,188 · related or exempt $981,188
-
2e · Program service revenue: Taste of the Town
total $167,090 · related or exempt $167,090
-
2f · All other program service revenue
total $215,908 · related or exempt $215,908
-
3 · Investment income
total $345 · related or exempt $345
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: All Other Related Revenue
total $75,102 · related or exempt $75,102
-
11e · Other revenue, total
$75,102
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $161,725
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $401,763
-
8 · Pension plan contributions
total $20,824
-
9 · Other employee benefits
total $70,410
-
10 · Payroll taxes
total $45,965
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $11,085
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $24,170
-
13 · Office expenses
total $23,233
-
14 · Information technology
total $50,234
-
15 · Royalties
total $0
-
16 · Occupancy
total $296,765
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $593,570
-
20 · Interest
total $13,057
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $23,582
-
23 · Insurance
total $12,813
-
24a · Other expenses: Printing & Materials
total $110,433
-
24b · Other expenses: Commissions & Fees
total $68,183
-
24c · Other expenses: Bank Fees
total $33,489
-
24d · Other expenses: Community Involvement
total $28,148
-
24e · All other expenses
total $55,716
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $411,642 · end of year $478,182
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $400 · end of year $7,415
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $15,579 · end of year $33,849
-
10a · Land, buildings and equipment: cost or other basis
$636,150
-
10b · Land, buildings and equipment: accumulated depreciation
$394,927
-
10c · Land, buildings and equipment, net
beginning of year $263,809 · end of year $241,223
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $400
-
19 · Deferred revenue
beginning of year $612,562 · end of year $689,461
-
24 · Unsecured notes and loans payable
beginning of year $289,361 · end of year $235,701
-
31 · Retained earnings, endowment or other funds
beginning of year -$210,893 · end of year -$164,493
Mission and programs · 2022
Mission
THE WOODLANDS AREA CHAMBER OF COMMERCE PROVIDES PATHWAYS TO OPPORTUNITIES THROUGH: ADVOCATING FOR THE BUSINESS COMMUNITY, CREATING MARKETING / NETWORKING OPPORTUNITIES, SERVING AS A PROFESSIONAL AND COMMUNITY RESOURCE, AND SUPPORTING CHARITIES.
-
Chairman's Ball- an event that honors the outgoing chairman of the board and welcomes the incoming chairman. This presents an opportunity for guests to interact with the board, as well as for businesses to showcase their companies and market to each other. Est. 650 attendees
-
The Economic Outlook Conference is an opportunity for high-profile business leaders to gain insight and knowledge on the trajectory of the economy and ways to prepare for the coming growth. Global, national and local speakers address attendees on the economy, trends and growth. Est. 800 attendees.
-
Taste of the Town is an event for over 40 local restaurants to provide samples to members of the community. Restaurants showcase their fare, while other local businesses utilize both sponsorship and ambassador opportunities. Est. 3,000 attendees.
As filed on the 2022 return.
Listed in Part VII
-
J J Hollie
President & CEO
- Total calculated
- $168,566
- From this org
- $161,725
- From related orgs
- $0
- Other
- $6,841
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,725
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $161,725
-
Jim Carman
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Jim Crowder
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Ann Wolford
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Nicole Preston
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Angela Storseth-Cooper
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Barry Blanton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gil Staley
TWAEDP
- Total calculated
- $0
- Hours/week
- 2
-
Stuart Barrett
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jocelyn Durfield
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brian Albert
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Justin Kendrick
Director
- Total calculated
- $0
- Hours/week
- 2
-
Theodore Ted Harris
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn Gray
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Dr Curtis Null
Director
- Total calculated
- $0
- Hours/week
- 2
-
Courtney Schweitzer
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kristen Shults
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rip Reynolds
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ketrese White
Director
- Total calculated
- $0
- Hours/week
- 2
-
Steve Wright
Director
- Total calculated
- $0
- Hours/week
- 2
-
Fred Domenick
Director
- Total calculated
- $0
- Hours/week
- 2
-
Christin Allphin
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rachel Richmond
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Dr Ann Snyder
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Kristine Marlow
Director
- Total calculated
- $0
- Hours/week
- 2
-
Julie Ambler
Past Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Angela Strong
Treasurer
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430659349301408
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