Seagoville Chamber of Commerce Information and Tourism Bureau EIN 47-2234629

Seagoville Chamber of Commerce Information and Tourism Bureau

EIN  47-2234629 Business league / trade association Seagoville, TX
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes Seagoville's growth and tourism through economic development.
Leadership
Chris Prater · President Elect
Money in and out
$155K revenue, $161K expenses
Bottom line
-4% operating surplus

Promotes Seagoville's growth and tourism through economic development. For fiscal year 2024 it reported $155K in revenue, $161K in expenses, and $87K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$155K
Pt VIII · Ln 12
Total expenses
$161K
Pt IX · Ln 25
Net assets
$87K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.42
Operating surplus
-4%
revenue over expenses▼ -115% vs prior filing year
Earned revenue
99%
of revenue from program services & dues▲ +68% vs prior filing year
Payroll share
35%
of spending is salaries & benefits▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$155K
FY2024▼ -30%
Expenses
$161K
FY2024▼ -6%
Total assets
$87K
FY2024▼ -6%
Total liabilities
$0
FY2024
Total revenue
$155K
Pt VIII · Ln 12
Total expenses
$161K
Pt IX · Ln 25
Net assets
$87K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$87K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Events to promote tourism and the growth of the economy in the City of Seagoville

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSeagoville Chamber of Commerce Information and Tourism Bureau
EINHdr · item D47-2234629
Principal addressHdr · item CSeagoville, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFMar 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Seagoville Chamber of Commerce Information and Tourism Bureau executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$153K · 99%
Other revenue$1K · 1%
Program service revenue99%$153K
Other revenue1%$1K
Investment income$491
Total revenueLn 12$155K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.42
Program services58%$93K
Management & general42%$68K
Total functional expensesLn 25$161K

Balance Sheet

Part X · end of year
CashLn 1$87K
Total assetsLn 16$87K
Total liabilitiesLn 26$0
Total net assetsLn 32$87K
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $87K · Operating expenses/yr $161K
6.5 months
Where the money goes
Program services
Program services $93K · Total expenses $161K
58%
Management & General
Management & general $68K · Total expenses $161K
42%
Fundraising
Fundraising $0 · Total expenses $161K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $155K
0%
Government reliance
Government grants — · Total revenue $155K
Earned-income share
Program service revenue $153K · Total revenue $155K
99%
Investment reliance
Investment income $491 · Total revenue $155K
0%
Program self-sufficiency
Program service revenue $153K · Total expenses $161K
96%
Growth & trend
Revenue growth (YoY)
This year $155K · Prior year $223K
-30%
Revenue CAGR
FY2020 $155K · FY2024 $155K
0%
Net-asset trend (YoY)
End of year $87K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $155K · Expenses $161K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $87K
Net-asset ratio
Net assets $87K · Total assets $87K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $87K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Prater · Reported title President Elect · Highest reported compensation $0 · Total expenses $161K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $56K · Total expenses $161K
35%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 42%
Revenue growth -30%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$155K revenue · viewing · ⤓ 990 PDF
FY2023$223K revenue · ⤓ 990 PDF
FY2022$266K revenue · ⤓ 990 PDF
FY2021$99K revenue · ⤓ 990 PDF
FY2020$155K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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