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The Colony Chamber Of Commerce Inc

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

EIN: 751871980 ✦ The colony, TX ✦ Designated as a 501(c)(6)

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Overview

What is The Colony Chamber Of Commerce Inc?

The Colony Chamber of Commerce Inc is a local nonprofit organization based in Texas, specifically in PO Box 560006, The Colony. Comprising 2 employees, its mission is to foster the growth and success of businesses and the community at large. They accomplish this by cultivating strong networks within the business community, promoting business-to-business interactions, and collaborating with local authorities to institute pro-business initiatives. The Chamber maintains an active presence through weekly e-newsletters, a website hosting job postings, coupons, and member links, and monthly/annual fundraising events, such as the Annual Awards Banquet and the Taste of The Colony. Additionally, they host events like the Grand Duck Race, which supports various local charities.


Official website here: www.thecolonychamber.org

Is The Colony Chamber Of Commerce Inc legitimate?

The Colony Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Colony Chamber Of Commerce Inc 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: $79,554
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thecolonychamber.org

What is the mission statement of The Colony Chamber Of Commerce Inc?

The Colony Chamber of Commerce is an organization comprising local businesses, organizations, and individuals with a shared goal of advocating for business interests and contributing to the community. They operate on a local level, fostering strong business-to-business connections among their members. The chamber collaborates with local government entities, such as the mayor, city council, and local representatives, to develop pro-business initiatives. Their objective is to enhance the standing of businesses within the community by facilitating productive exchanges and partnerships.


Official website here: www.thecolonychamber.org

Who is the CEO of The Colony Chamber Of Commerce Inc?

Golda Sumpon is the Director of The Colony Chamber Of Commerce Inc.


Official website here: www.thecolonychamber.org

What is the revenue of The Colony Chamber Of Commerce Inc?

The Colony Chamber Of Commerce Inc's revenue in 2022 was $136,438.


Official website here: www.thecolonychamber.org

Who are the executives of The Colony Chamber Of Commerce Inc and what are their salaries?

The average compensation at The Colony Chamber Of Commerce Inc during 2022 was $39,777. There are 2 employees and 663 volunteers at The Colony Chamber Of Commerce Inc.


Here are 10 key members and their salaries:


Scott Watson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Koroleva (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Holtz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashanti Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Mainer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alissa Janke (Past Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Peerson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Wade (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Golda Sumpon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ese Aihie (Chairman Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thecolonychamber.org

Where can I find the form 990 for The Colony Chamber Of Commerce Inc?

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


Official website here: www.thecolonychamber.org

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

Mission Statement of The Colony Chamber Of Commerce Inc

The Colony Chamber of Commerce Inc, an association of businesses, organizations, and individuals, aims to further the interests of the business community and the wider community at large. By operating on a local level, this esteemed organization fosters strong networks among its members, potentially leading to fruitful business-to-business exchanges. The Chamber works collaboratively with local government entities, such as the Mayor, City Council, and local representatives, to develop and implement pro-business initiatives. These initiatives aim to contribute positively to the community and support the growth and success of its members. In essence, The Colony Chamber of Commerce Inc serves as a unifying force, bringing together the local business community and local government to promote mutual growth and development.

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Impact




October, 2024

The Colony Chamber of Commerce Inc plays a significant role in fostering growth and collaboration within the local business community. By facilitating a network of businesses, organizations, and individuals, it enhances the overall economic landscape of The Colony, TX.

The Chamber organizes various community and member events which not only promote local commerce but also build strong community ties. Ribbon cutting ceremonies mark new business openings, celebrating entrepreneurship and encouraging residents to support local ventures.

Members benefit from the Chamber's online platform, where they can post job openings, share promotional offers, and provide links that drive traffic to their businesses. This connectivity is crucial for small businesses looking to attract customers and grow within the community.

The weekly e-newsletter keeps members informed about events and developments, ensuring they are engaged and aware of opportunities. Overall, The Colony Chamber of Commerce acts as a catalyst for community improvement, driving economic vitality and enhancing the quality of life in the area.




This information is meant to be a general summary of The Colony Chamber Of Commerce Inc. 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
$136,438 (2022)
Expenses
$182,867 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1
  • Gross Receipts: $275,329

Assets and Liabilities:

  • Total Assets: $78,344
  • Total Liabilities: $27,954
  • Net Assets: $50,390

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Organization Details

Founding Year

2014

Principal Officer

Golda Sumpon

Main Address

PO BOX 560006, THE COLONY, TX, 75056

NTEE Category

Code: S41 - Community improvement

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