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Employer Identification Number 76-0102808

MAGNOLIA AREA CHAMBER OF COMMERCE is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MAGNOLIA AREA CHAMBER OF COMMERCE
Employer identification number (EIN):76-0102808
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE CHAMBER PROVIDES SUPPORT SERVICES TO THE BUSINESSES AND COMMUNITY SURROUNDING MAGNOLIA, TEXAS
Number of Employees8
Number of Volunteers50
Year Formed1983

Organization Governance

Legal DomicileTX
Voting Members - Governing Body14
Voting Members - Independent14

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 24,775
Program Service Revenue from current yearUSD $ 26,975
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 42,339
Other Revenue from current yearUSD $ 27,161
Gross receipts from all sourcesUSD $ 327,908
Net assets / fund balances at end of fiscal yearUSD $ 151,627
Net assets / fund balances at beginning of fiscal yearUSD $ 122,574
Total liabilities at end of fiscal yearUSD $ 46,269
Total liabilities at beginning of fiscal yearUSD $ 51,158
Total assets at end of fiscal yearUSD $ 197,896
Total assets at beginning of fiscal yearUSD $ 173,732
Revenues less expenses for current yearUSD $ 29,053
Revenues less expenses for previous yearUSD $ 10,900
Total expenses for current yearUSD $ 261,611
Total expenses for previous yearUSD $ 265,273
Other expenses in current yearUSD $ 126,179
Other expenses in previous yearUSD $ 115,330
Total fundraising expenses in current yearUSD $ 55,859
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 135,432
Employee salary and benefits paid in previous yearUSD $ 146,621
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 3,322
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 290,664
Total revenue in previous fiscal yearUSD $ 276,173
Contributions and grants from current yearUSD $ 236,528
Contributions and grants from previous yearUSD $ 209,059
Gross income from fundraising eventsUSD $ 57,854
Revenue from membership duesUSD $ 157,003
Total of other revenueUSD $ 551
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 33,090
Program Service Revenue from current yearUSD $ 24,775
Investment Income from prior yearUSD $ 76
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 74,392
Other Revenue from current yearUSD $ 42,339
Gross receipts from all sourcesUSD $ 309,951
Net assets / fund balances at end of fiscal yearUSD $ 122,574
Net assets / fund balances at beginning of fiscal yearUSD $ 111,674
Total liabilities at end of fiscal yearUSD $ 51,158
Total liabilities at beginning of fiscal yearUSD $ 68,744
Total assets at end of fiscal yearUSD $ 173,732
Total assets at beginning of fiscal yearUSD $ 180,418
Revenues less expenses for current yearUSD $ 10,900
Revenues less expenses for previous yearUSD $ 86,829
Total expenses for current yearUSD $ 265,273
Total expenses for previous yearUSD $ 192,277
Other expenses in current yearUSD $ 115,330
Other expenses in previous yearUSD $ 99,632
Total fundraising expenses in current yearUSD $ 4,931
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 146,621
Employee salary and benefits paid in previous yearUSD $ 92,024
Benefits paid to or for members in current yearUSD $ 3,322
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 621
Total revenue in current fiscal yearUSD $ 276,173
Total revenue in previous fiscal yearUSD $ 279,106
Contributions and grants from current yearUSD $ 209,059
Contributions and grants from previous yearUSD $ 171,548
Gross income from fundraising eventsUSD $ 60,318
Revenue from membership duesUSD $ 150,184
Total of other revenueUSD $ 1,399
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 20,903
Program Service Revenue from current yearUSD $ 33,090
Investment Income from current yearUSD $ 76
Other Revenue from prior yearUSD $ 44,470
Other Revenue from current yearUSD $ 74,392
Gross receipts from all sourcesUSD $ 298,544
Net assets / fund balances at end of fiscal yearUSD $ 111,674
Net assets / fund balances at beginning of fiscal yearUSD $ 24,845
Total liabilities at end of fiscal yearUSD $ 68,744
Total liabilities at beginning of fiscal yearUSD $ 42,802
Total assets at end of fiscal yearUSD $ 180,418
Total assets at beginning of fiscal yearUSD $ 67,647
Revenues less expenses for current yearUSD $ 86,829
Revenues less expenses for previous yearUSD $ 23,879
Total expenses for current yearUSD $ 192,277
Total expenses for previous yearUSD $ 147,316
Other expenses in current yearUSD $ 99,632
Other expenses in previous yearUSD $ 67,335
Total fundraising expenses in current yearUSD $ 19,038
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 92,024
Employee salary and benefits paid in previous yearUSD $ 79,981
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 621
Total revenue in current fiscal yearUSD $ 279,106
Total revenue in previous fiscal yearUSD $ 171,195
Contributions and grants from current yearUSD $ 171,548
Contributions and grants from previous yearUSD $ 105,822
Gross income from fundraising eventsUSD $ 80,680
Revenue from membership duesUSD $ 135,726
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 47,269
Program Service Revenue from current yearUSD $ 20,903
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 20,013
Other Revenue from current yearUSD $ 44,470
Gross receipts from all sourcesUSD $ 181,176
Net assets / fund balances at end of fiscal yearUSD $ 24,845
Net assets / fund balances at beginning of fiscal yearUSD $ 966
Total liabilities at end of fiscal yearUSD $ 42,802
Total liabilities at beginning of fiscal yearUSD $ 25,660
Total assets at end of fiscal yearUSD $ 67,647
Total assets at beginning of fiscal yearUSD $ 26,626
Revenues less expenses for current yearUSD $ 23,879
Revenues less expenses for previous yearUSD $ -48,350
Total expenses for current yearUSD $ 147,316
Total expenses for previous yearUSD $ 261,900
Other expenses in current yearUSD $ 67,335
Other expenses in previous yearUSD $ 98,666
Total fundraising expenses in current yearUSD $ 15,641
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 79,981
Employee salary and benefits paid in previous yearUSD $ 147,345
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 15,889
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 171,195
Total revenue in previous fiscal yearUSD $ 213,550
Contributions and grants from current yearUSD $ 105,822
Contributions and grants from previous yearUSD $ 146,268
Gross income from fundraising eventsUSD $ 47,151
Revenue from membership duesUSD $ 103,822
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 20,994
Program Service Revenue from current yearUSD $ 68,461
Investment Income from prior yearUSD $ 1
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 39,362
Other Revenue from current yearUSD $ 28,848
Gross receipts from all sourcesUSD $ 358,678
Net assets / fund balances at end of fiscal yearUSD $ 49,316
Net assets / fund balances at beginning of fiscal yearUSD $ -4,896
Total liabilities at end of fiscal yearUSD $ 1,957
Total liabilities at beginning of fiscal yearUSD $ 13,843
Total assets at end of fiscal yearUSD $ 51,273
Total assets at beginning of fiscal yearUSD $ 8,947
Revenues less expenses for current yearUSD $ 54,212
Revenues less expenses for previous yearUSD $ -25,776
Total expenses for current yearUSD $ 240,233
Total expenses for previous yearUSD $ 196,633
Other expenses in current yearUSD $ 87,288
Other expenses in previous yearUSD $ 48,253
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 120,535
Employee salary and benefits paid in previous yearUSD $ 118,779
Benefits paid to or for members in current yearUSD $ 32,410
Benefits paid to or for members in previous yearUSD $ 29,601
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 294,445
Total revenue in previous fiscal yearUSD $ 170,857
Contributions and grants from current yearUSD $ 197,136
Contributions and grants from previous yearUSD $ 110,500
Gross income from fundraising eventsUSD $ 93,081
Revenue from membership duesUSD $ 197,136
2017-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 20,994
Investment Income from current yearUSD $ 1
Other Revenue from current yearUSD $ 39,362
Gross receipts from all sourcesUSD $ 216,156
Net assets / fund balances at end of fiscal yearUSD $ -4,896
Net assets / fund balances at beginning of fiscal yearUSD $ 20,880
Total liabilities at end of fiscal yearUSD $ 13,843
Total liabilities at beginning of fiscal yearUSD $ 2,443
Total assets at end of fiscal yearUSD $ 8,947
Total assets at beginning of fiscal yearUSD $ 23,323
Revenues less expenses for current yearUSD $ -25,776
Total expenses for current yearUSD $ 196,633
Other expenses in current yearUSD $ 48,253
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 118,779
Benefits paid to or for members in current yearUSD $ 29,601
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 170,857
Contributions and grants from current yearUSD $ 110,500
Gross income from fundraising eventsUSD $ 83,578
Revenue from membership duesUSD $ 110,500
Gross income from gamingUSD $ 1,083
2015-12-31
Gross receipts from all sourcesUSD $ 142,185
Net assets / fund balances at end of fiscal yearUSD $ 17,035
Net assets / fund balances at beginning of fiscal yearUSD $ 71,879
Contributions, Grants, Gifts etc from current yearUSD $ 0
Cost sales expenses from gross sales of non-inventory assetsUSD $ 0
Gross income from fundraising eventsUSD $ 65,300
Direct expenses fromspecial eventsUSD $ 51,155
Cost of goods soldUSD $ 0
Total revenueUSD $ 91,030
Grants and similar amounts paidUSD $ 2,573
Employees salaries and other compensation and benefitsUSD $ 69,677
Fees and other payments to independent contractorsUSD $ 3,213
Total of all other expensesUSD $ 12,377
Total of all expensesUSD $ 145,874
Net assets or fund balances at end of yearUSD $ -54,844
Revenue from membership duesUSD $ 41,738
Gross income from gamingUSD $ 0
Net difference of special event income minus expensesUSD $ 14,145
Gross profit/loss Sales of inventoryUSD $ 0
Total of other revenueUSD $ 49
Rent, utilities and maintenance costsUSD $ 10,428

Other Company Names associated with EIN

GREATER MAGNOLIA PARKWAY CHAMBER OF COMMERCE
GREATER MAGNOLIA CHAMBER OF COMMERCE

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 760102808

USA Mailing Address
P O BOX 399
MAGNOLIA
TX
773530399
Date first seen: 2012-11-14
Date last seen: 2024-05-09

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