Flower Mound Chamber Of Commerce

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

EIN: 751929235 ✦ Flower mound, TX ✦ Designated as a 501(c)(6)

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Overview

What is Flower Mound Chamber Of Commerce?

The Flower Mound Chamber of Commerce is a vital nonprofit organization situated in Flower Mound, Texas. With a modest workforce of five individuals, its primary mission is to bolster the local business community, contributing to the economic growth of the area. They achieve this through regular monthly luncheons, typically held on the third Tuesday of each month, which welcome around 105 members, including local government representatives. These gatherings offer an excellent opportunity for new members and guests to mingle with established chamber members. The Flower Mound Chamber of Commerce luncheons are packed with announcements, keynote speakers, recognition of the Business of the Month, and the introduction of the Ambassador of the Month. This nonprofit organization's mission is deeply rooted in supporting the local business community, an essential aspect of the town's prosperity.


Official website here: www.flowermoundchamber.com

Is Flower Mound Chamber Of Commerce legitimate?

Flower Mound Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Flower Mound 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: $127,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $183,315

For more financial information, click here


Official website here: www.flowermoundchamber.com

What is the mission statement of Flower Mound Chamber Of Commerce?

The Flower Mound Chamber of Commerce has a mission to support the local business community, contributing to the economic prosperity of the area. They accomplish this by organizing regular events, such as monthly luncheons, where approximately 105 chamber members and local government representatives gather. These luncheons provide an opportunity for new members and first-time guests to meet other chamber members, and they are filled with announcements, a keynote speaker, recognition of the Business of the Month, and the introduction of the Ambassador of the Month. The primary goal of these activities is to foster a thriving business environment in the community.


Official website here: www.flowermoundchamber.com

What is the revenue of Flower Mound Chamber Of Commerce?

Flower Mound Chamber Of Commerce's revenue in 2023 was $700,530.


Official website here: www.flowermoundchamber.com

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

The average compensation at Flower Mound Chamber Of Commerce during 2023 was $62,160. There are 5 employees and 100 volunteers at Flower Mound Chamber Of Commerce.

Here are 16 key members and their salaries:


Lori R Walker (President)
  • Compensation: $127,487
  • Related: $0
  • Other: $0
Kelly Murray (Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Walter (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Rugg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Carignan (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Haverstick (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Smith Woodard (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvonne Stewart (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristen Howell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Diaz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny Katlein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Klitsch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Kluth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiffani Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Oppenheimer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.flowermoundchamber.com

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

Flower Mound Chamber Of Commerce's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.flowermoundchamber.com

Learn more at the official website: www.flowermoundchamber.com

Mission Statement of Flower Mound Chamber Of Commerce

The Flower Mound Chamber of Commerce is dedicated to supporting the local business community, with the ultimate goal of fostering economic prosperity in the area. This nonprofit organization strives to accomplish this mission through various activities, one of which is hosting a monthly luncheon. Typically held on the third Tuesday of each month, this event attracts approximately 105 chamber members and local government representatives. New members and first-time guests are introduced at this luncheon, making it an excellent opportunity for networking and building relationships within the business community. The gathering is filled with announcements, a keynote speaker, the recognition of the Business of the Month, and the introduction of the Ambassador of the Month. These events serve to strengthen the business connections within Flower Mound, thereby contributing to the overall economic growth of the community.

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Impact




October, 2024

The Flower Mound Chamber of Commerce significantly impacts the local business community by fostering economic prosperity and collaboration among its members. By organizing monthly luncheons, the Chamber provides a platform for approximately 105 members and local government officials to connect, share ideas, and strengthen relationships.

These gatherings feature networking opportunities, where new members and first-time guests can meet seasoned business leaders, facilitating the exchange of resources and support. The recognition of outstanding businesses during these events, including the "Business of the Month" award, not only celebrates achievements but also encourages others to strive for excellence.

Additionally, the involvement of a keynote speaker each month enriches the experience, offering insights and education that can lead to informed decision-making within the community. By promoting local businesses and enhancing their visibility, the Flower Mound Chamber of Commerce plays a crucial role in nurturing a vibrant economic environment that benefits the entire Flower Mound area.




This information is meant to be a general summary of Flower Mound 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
$700,530 (2023)
Expenses
$694,175 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,068
  • Program Service Revenue: $151,990
  • Gross Receipts: $885,821

Assets and Liabilities:

  • Total Assets: $407,061
  • Total Liabilities: $53,204
  • Net Assets: $353,857

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Programs

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

PROGRAM INCOME

Revenue

$151,990

Organization Details

Founding Year

1982

Principal Officer

Lori R Walker

NTEE Category

Code: S41 - Community improvement

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