Texarkana Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 750694083 ✦ Texarkana, TX ✦ Designated as a 501(c)(6)

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Overview

What is Texarkana Chamber Of Commerce?

The Texarkana Chamber of Commerce is a nonprofit organization situated in Texarkana, Texas. Established with a mission to promote economic development and tourism, its primary focus is on supporting businesses and industrial growth in the Texarkana area, which encompasses both Texarkana, Arkansas, and Texarkana, Texas. As part of its mission, the Chamber provides loans to aid in business expansion and development. With a team of five dedicated individuals, the Texarkana Chamber of Commerce plays a significant role in fostering a thriving economic landscape in the region.


Official website here: www.texarkana.org

Is Texarkana Chamber Of Commerce legitimate?

Texarkana Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Texarkana Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $161,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $213,846

For more financial information, click here


Official website here: www.texarkana.org

What is the mission statement of Texarkana Chamber Of Commerce?

The Texarkana Chamber of Commerce was established with a mission to foster economic development and tourism within the Texarkana regions in both Arkansas and Texas. This organization actively promotes business and industrial growth in the area by offering loans and other supportive measures. Its primary objective is to contribute positively to the economic development of the Texarkana region, ultimately benefiting the local community.


Official website here: www.texarkana.org

Who is the CEO of Texarkana Chamber Of Commerce?

Thomas Gilbert is the Treasurer of Texarkana Chamber Of Commerce. The CEO's salary of Texarkana Chamber Of Commerce is $67,650 and their total compensation is $77,125.


Official website here: www.texarkana.org

What is the revenue of Texarkana Chamber Of Commerce?

Texarkana Chamber Of Commerce's revenue in 2022 was $765,809.


Official website here: www.texarkana.org

Who are the executives of Texarkana Chamber Of Commerce and what are their salaries?

The average compensation at Texarkana Chamber Of Commerce during 2022 was $75,018. There are 5 employees and 25 volunteers at Texarkana Chamber Of Commerce.


Here are 23 key members and their salaries (Texarkana Chamber Of Commerce's CEO's salary is $67,650 and their total compensation is $77,125):


Michael Malone (Past President/Ceo)
  • Compensation: $93,592
  • Related: $0
  • Other: $13,109
Denis Washington (President/Ceo)
  • Compensation: $67,650
  • Related: $0
  • Other: $9,475
John Collins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brock Mccorkle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Washington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Copeland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Harland (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caleb Mudford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Bramlett (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Gilbert (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Mayo (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Martin (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Norton (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Norton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Sparks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patton Tidwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Simmons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Veal-Gooch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Waters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Latonya Mcelroy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chint Murdock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.texarkana.org

Where can I find the form 990 for Texarkana Chamber Of Commerce?

Texarkana Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.texarkana.org

Learn more at the official website: www.texarkana.org

Mission Statement of Texarkana Chamber Of Commerce

The Texarkana Chamber of Commerce was established with a mission to stimulate economic growth and tourism in the Texarkana, Arkansas, and Texarkana, Texas, regions. This nonprofit organization is primarily focused on promoting business and industrial development within the Texarkana area. To accomplish this, the Texarkana Chamber of Commerce provides financial assistance through loans, thereby encouraging entrepreneurship and investment in local ventures. This strategic approach aims to foster a thriving economic landscape, ultimately benefiting both the community and its residents.

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Impact




October, 2024

The Texarkana Chamber of Commerce significantly impacts the region by fostering economic development and boosting tourism in both Texarkana, Arkansas, and Texarkana, Texas. By providing loans and promoting business and industrial development, the Chamber serves as a catalyst for local entrepreneurs and established businesses, helping to create jobs and enhance the community's economic landscape.

Through its initiatives, the Chamber facilitates a vibrant business environment that attracts new investments, supports existing enterprises, and encourages sustainable growth. Additionally, the focus on tourism helps to increase visitor traffic, which benefits local businesses and generates revenue for the community. Overall, the Texarkana Chamber of Commerce plays a crucial role in improving the quality of life for residents by enhancing economic opportunities and promoting community collaboration.




This information is meant to be a general summary of Texarkana Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$765,809 (2022)
Expenses
$844,377 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $38,201
  • Program Service Revenue: $433,640
  • Gross Receipts: $806,162

Assets and Liabilities:

  • Total Assets: $2,124,505
  • Total Liabilities: $35,795
  • Net Assets: $2,088,710

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues & Assessments

Revenue

$433,640

Organization Details

Founding Year

1912

Principal Officer

Thomas Gilbert

Main Address

PO Box 1468, Texarkana, TX, 75504

NTEE Category

Code: S41 - Community improvement

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