Civic Intelligence

Abilene Chamber of Commerce Foundation

EIN 23-7248959 • 501(c)3 • Abilene, TX

Profile

The purpose of the Organization is to provide knowledge and understanding of economics, matters of public concern, finance, education and training, and problems of minority groups therby promoting the economy and quality of life in Abilene Texas.

PO Box 2281Abilene, TX 79604-2281

none

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.00x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

48th percentile

3.4%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$333,386

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 122.7% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

63rd percentile

9.3%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-27%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$557,889

Up $47,470 (+9.3%) from 2023

Liabilities

Down

$2,647

Down $837 (-24%) from 2023

Net Assets

Up

$555,242

Up $48,307 (+9.5%) from 2023

Operations
Liabilities / Revenue47th percentileNet Margin48th percentile

Revenue

Down

$271,646

Down $100,747 (-27%) from 2023

Expenses

Down

$262,290

Down $133,401 (-34%) from 2023

Net Income

Up

$9,356

Up $32,654 (+140%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2014: $190,117Liabilities 2014: $17,185Net Assets 2014: $172,9322014Assets 2015: $115,896Liabilities 2015: $5,750Net Assets 2015: $110,1462015Assets 2016: $131,302Liabilities 2016: $271Net Assets 2016: $131,0312016Assets 2017: $126,822Liabilities 2017: $2,650Net Assets 2017: $124,1722017Assets 2018: $726,138Liabilities 2018: $14,189Net Assets 2018: $711,9492018Assets 2019: $440,121Liabilities 2019: $502Net Assets 2019: $439,6192019Assets 2020: $388,762Liabilities 2020: $0Net Assets 2020: $388,7622020Assets 2021: $450,487Liabilities 2021: $301Net Assets 2021: $450,1862021Assets 2022: $517,624Liabilities 2022: $1,518Net Assets 2022: $516,1062022Assets 2023: $510,419Liabilities 2023: $3,484Net Assets 2023: $506,9352023Assets 2024: $557,889Liabilities 2024: $2,647Net Assets 2024: $555,2422024

Highlighted filing

2024

Assets$557,889
Liabilities$2,647
Net Assets$555,242
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $80,791Expenses 2014: $113,925Net Income 2014: -$33,1342014Revenue 2015: $70,298Expenses 2015: $132,891Net Income 2015: -$62,5932015Revenue 2016: $91,652Expenses 2016: $71,545Net Income 2016: $20,1072016Revenue 2017: $199,965Expenses 2017: $209,438Net Income 2017: -$9,4732017Revenue 2018: $867,510Expenses 2018: $279,733Net Income 2018: $587,7772018Revenue 2019: $436,691Expenses 2019: $709,021Net Income 2019: -$272,3302019Revenue 2020: $136,971Expenses 2020: $187,828Net Income 2020: -$50,8572020Revenue 2021: $95,301Expenses 2021: $76,122Net Income 2021: $19,1792021Revenue 2022: $366,042Expenses 2022: $255,864Net Income 2022: $110,1782022Revenue 2023: $372,393Expenses 2023: $395,691Net Income 2023: -$23,2982023Revenue 2024: $271,646Expenses 2024: $262,290Net Income 2024: $9,3562024

Highlighted filing

2024

Revenue$271,646
Expenses$262,290
Net Income$9,356
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$557,889
Liabilities
$2,647
Net assets
$555,242
Revenue
$271,646
Expenses
$262,290
Net income
$9,356
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.58$0.03$5.55$2.72$2.62$0.09
2023Detailed filing. Detailed filing data is available for this year.$5.10$0.03$5.07$3.72$3.96$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$0.02$5.16$3.66$2.56$1.10
2021Detailed filing. Detailed filing data is available for this year.$4.50$0.00$4.50$0.95$0.76$0.19
2020Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$1.37$1.88$0.51
2019Detailed filing. Detailed filing data is available for this year.$4.40$0.01$4.40$4.37$7.09$2.72
2018Detailed filing. Detailed filing data is available for this year.$7.26$0.14$7.12$8.68$2.80$5.88
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.24$2.00$2.09$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.92$0.72$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.16$0.06$1.10$0.70$1.33$0.63
2014Detailed filing. Detailed filing data is available for this year.$1.90$0.17$1.73$0.81$1.14$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 14, 2025
Return Version
2023v6.0
Gross Receipts
$271,646
Mission and Program Overview

Mission

The purpose of the Organization is to provide knowledge and understanding of economics, matters of public concern, finance, education and training, and problems of minority groups therby promoting the economy and quality of life in Abilene Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$235,443$276,972▲ $41,529
Cash and Non-Interest-Bearing Accounts$229,192$260,177▲ $30,985
Savings and Temporary Cash Investments$45,000$20,000▼ $25,000
Prepaid Expenses and Deferred Charges$700$700→ $0
Accounts Receivable$84$40▼ $44
Total Assets$510,419$557,889▲ $47,470
Liabilities
Accounts Payable and Accrued Expenses$3,484$2,647▼ $837
Total Liabilities$3,484$2,647▼ $837
Net Assets / Fund Balance
Net Assets With Donor Restrictions$502,594$549,346▲ $46,752
Net Assets Without Donor Restrictions$4,341$5,896▲ $1,555
Total Net Assets Fund Balance$506,935$555,242▲ $48,307
Total Liabilities and Net Assets / Fund Balance$510,419$557,889▲ $47,470

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$276,972--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$235,443-▲ $43,119-$276,972
2022$216,901$1,364▲ $18,639-$235,443
2021$229,693$18,986▼ $30,281-$216,901
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleOtherTotal
Frances WilliamsonVice President Administration$79,348$79,348

Board Members and Trustees

NameTitle
Kelly JayChair
Kelsi MangremChair Elect
Laura MoorePast Chair
Doug PetersPresident & CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$266,118
Program Service Revenue
$0
Investment Income
$4,852
Other Revenue
$676
All Other Contributions
$266,118
Change in Net Assets
$9,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$251,575
Other Expenses$10,715
Total Fundraising Expense$75
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$251,575--$251,575
Fees for Services Other$2,700--$2,700
Fees for Services Accounting-$1,500-$1,500
Other Expenses$610-$75$685
Office Expenses$419$95-$514
Total Functional Expenses$260,620$1,595$75$262,290
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abilene Regional Growth AllianceAbilene, TX501c6Program Support Lead ABI$180,500
Abilene Chamber of CommerceAbilene, TX501c6Program Support$71,075
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Form 990 is emailed to the board for review prior to the filing of the return.”

Conflict of interest policy compliance Part VI line 12C

“Each new board member is asked to sign a copy of the Conflict of Interest Policy prior to beginning his/her term on the Board and employees are required to sign a copy upon hiring. Annual updates are not required, but are intended for the duration of services as a Board member or employment. Prior to any votes on resources or policies which could lead to a conflict of interest, Board members are asked if they have a conflict with any of the financial decisions, policies, or issues, and therefore, need to abstain from voting.”

CEO executive director top management comp Part VI line 15A

“The Abilene Chamber of Commerce is the managing entity for the Foundation. The Chamber of Commerce president is hired by the Chamber Board of Directors and they determine his/her compensation. An annual evalution of the Presidents salary and benefits is conducted by the Chair, Chair-Elect, and Past Chair of the Board.”

Governing documents etc available to public Part VI line 19

“The Abilene Chamber of Commerce Foundation will make any of these documents available to the public and its members upon request. Requests for information should be provided to the Vice President of Administration who is responsible for ensuring such requests are answered in a timely manner.”

Filing and Contact Details

Filer

Filer Name
Abilene Chamber of Commerce Foundation
EIN
23-7248959
Address
PO Box 2281, Abilene, TX 79604-2281

Signing Officer

Name
Doug Peters
Title
President & CEO
Phone
3256777241
Signed
2025-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Peters
Formed
1972
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Roberts & McGee CPA
Address
104 Pine Street Suite 710, Abilene, TX 79601
Preparer
Stacey McGee
Phone
3257019502
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

“Endowment funds of $31,082 are held for support of the Abilene Community Band and endowment funds of $245,890 are held for support of the Abilene Regional Growth Alliance.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds of $31,082 are held for support of the Abilene Community Band and endowment funds of $245,890 are held for support of the Abilene Regional Growth Alliance.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Doug Peters
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is emailed to the board for review prior to the filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each new board member is asked to sign a copy of the Conflict of Interest Policy prior to beginning his/her term on the Board and employees are required to sign a copy upon hiring. Annual updates are not required, but are intended for the duration of services as a Board member or employment. Prior to any votes on resources or policies which could lead to a conflict of interest, Board members are asked if they have a conflict with any of the financial decisions, policies, or issues, and therefore, need to abstain from voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Abilene Chamber of Commerce is the managing entity for the Foundation. The Chamber of Commerce president is hired by the Chamber Board of Directors and they determine his/her compensation. An annual evalution of the Presidents salary and benefits is conducted by the Chair, Chair-Elect, and Past Chair of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Abilene Chamber of Commerce Foundation will make any of these documents available to the public and its members upon request. Requests for information should be provided to the Vice President of Administration who is responsible for ensuring such requests are answered in a timely manner.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Promote the economy and quality of life in Abilene Texas
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Promote growth of regional economy
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