Civic Intelligence

Georgetown Chamber of Commerce

990 • Fiscal year 2013 • EIN 74-0642691

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

P O Box 34678627

(512) 930-3535

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.66x

Higher debt load relative to assets than 90% of similar nonprofits.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

96th percentile

1.08x

Higher debt load relative to revenue than 96% of similar nonprofits.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2013

Net Margin

11th percentile

-11%

Higher net margin than 11% of similar nonprofits.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

91st percentile

$169,726

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 30.8% of source-year revenue.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2013

Asset Growth

19th percentile

-7.3%

Faster asset growth than 19% of similar nonprofits.

2013 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$899,792

Down $71,314 (-7.3%) from 2012

Net Assets

Down

$307,678

Down $61,415 (-17%) from 2012

Liabilities

Down

$592,114

Down $9,899 (-1.6%) from 2012

Revenue

$550,283

No earlier filing loaded for comparison.

Expenses

Down

$611,698

Down $22,114 (-3.5%) from 2012

Net Income

-$61,415

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $1,206,872Liabilities 2010: $703,395Net Assets 2010: $503,4772010Assets 2011: $1,119,079Liabilities 2011: $702,688Net Assets 2011: $416,3912011Assets 2012: $971,106Liabilities 2012: $602,013Net Assets 2012: $369,0932012Assets 2013: $899,792Liabilities 2013: $592,114Net Assets 2013: $307,6782013Assets 2014: $1,002,346Liabilities 2014: $571,996Net Assets 2014: $430,3502014Assets 2015: $1,082,200Liabilities 2015: $552,134Net Assets 2015: $530,0662015Assets 2016: $1,148,876Liabilities 2016: $531,303Net Assets 2016: $617,5732016Assets 2017: $1,193,699Liabilities 2017: $507,179Net Assets 2017: $686,5202017Assets 2018: $1,153,706Liabilities 2018: $459,084Net Assets 2018: $694,6222018Assets 2019: $1,133,810Liabilities 2019: $431,453Net Assets 2019: $702,3572019Assets 2020: $983,503Liabilities 2020: $415,005Net Assets 2020: $568,4982020Assets 2021: $963,251Liabilities 2021: $385,504Net Assets 2021: $577,7472021Assets 2022: $915,061Liabilities 2022: $354,637Net Assets 2022: $560,4242022Assets 2023: $900,688Liabilities 2023: $322,323Net Assets 2023: $578,3652023Assets 2024: $971,392Liabilities 2024: $288,544Net Assets 2024: $682,8482024

Highlighted filing

2013

Assets$899,792
Liabilities$592,114
Net Assets$307,678

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $674,4142010Expenses 2011: $622,9212011Expenses 2012: $633,8122012Revenue 2013: $550,283Expenses 2013: $611,698Net Income 2013: -$61,4152013Revenue 2014: $613,894Expenses 2014: $491,222Net Income 2014: $122,6722014Revenue 2015: $577,678Expenses 2015: $477,962Net Income 2015: $99,7162015Revenue 2016: $612,171Expenses 2016: $524,951Net Income 2016: $87,2202016Revenue 2017: $710,549Expenses 2017: $641,602Net Income 2017: $68,9472017Revenue 2018: $690,283Expenses 2018: $682,181Net Income 2018: $8,1022018Revenue 2019: $806,136Expenses 2019: $798,401Net Income 2019: $7,7352019Revenue 2020: $672,568Expenses 2020: $806,427Net Income 2020: -$133,8592020Revenue 2021: $715,423Expenses 2021: $706,174Net Income 2021: $9,2492021Revenue 2022: $665,681Expenses 2022: $683,004Net Income 2022: -$17,3232022Revenue 2023: $798,265Expenses 2023: $780,324Net Income 2023: $17,9412023Revenue 2024: $933,784Expenses 2024: $829,301Net Income 2024: $104,4832024

Highlighted filing

2013

Revenue$550,283
Expenses$611,698
Net Income-$61,415
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$576,949
Mission and Program Overview

Mission

Well being of local economy

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$803,898$768,508▼ $35,390
Savings and Temporary Cash Investments$152,984$117,527▼ $35,457
Cash and Non-Interest-Bearing Accounts$14,224$13,757▼ $467
Total Assets$971,106$899,792▼ $71,314
Liabilities
Other Liabilities$602,013$592,114▼ $9,899
Total Liabilities$602,013$592,114▼ $9,899
Net Assets / Fund Balance
Unrestricted Net Assets$251,663$190,178▼ $61,485
Temporarily Rstr Net Assets$117,430$117,500▲ $70
Total Net Assets Fund Balance$369,093$307,678▼ $61,415
Total Liabilities and Net Assets / Fund Balance$971,106$899,792▼ $71,314

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$747,605$119,616$867,221
Other Land Buildings$20,903$191,075$211,978
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mel PenlandPresidentFT$165,000$4,726$169,726

Board Members and Trustees

NameTitle
Kirk KriegelChair
Bob VillarrealChair-elect
Marlene McmichaelPast Chair
Jacque SmithVice Chair
Karen CurryVice Chair
Randy HartfordVice Chair
Ron GarlandVice Chair
Rusty JustusVice Chair
Ty GipsonVice Chair
Virginia LazenbyVice Chair
Alfredo RiveraDirector
Clint BartonDirector
Hugh BrownDirector
Jan KingDirector
Kevin PittsDirector
Rick SmithDirector
Scott OlsonDirector
Stephanie BlanckDirector
Stephanie FeatherstoneDirector
Tim BargainerDirector
Tracy JacksonDirector
Verna BrowningDirector
Wendy CashDirector
Bill SchubertSecretary
Carlette LitterstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,550
Program Service Revenue
$296,374
Investment Income
$236
Other Revenue
$249,123
All Other Contributions
$4,550
Change in Net Assets
$-61,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$399,288
Other Expenses$212,410
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$169,726
Other Salaries and Wages---$158,868
All Other Expenses---$38,751
Depreciation Depletion---$37,753
Other Employee Benefits---$34,500
Interest---$32,541
Payroll Taxes---$28,382
Office Expenses---$21,731
Other Expenses---$13,792
Pension Plan Contributions---$7,812
Insurance---$6,398
Fees for Services Accounting---$5,384
Travel---$2,498
Advertising---$265
Total Functional Expenses$0$0$0$611,698
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$106,778
Fundraising Direct Expenses$26,666
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$33,163$33,163$1,230$31,933
Event 2$27,100$27,100$1,391$25,709
Total Events$106,778$106,778$26,666$80,112
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Building Construction Loan$586,650
Payroll Taxes Payable$5,464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Elected by majority vote of officers

Form 990, Part VI, Section A, Line 7B

Approve board of directors and major financing activities

Form 990, Part VI, Section B, Line 11

No review was or will be conducted.

Form 990, Part VI, Section B, Line 11

The president reviews prior to filing. The 990 is reviewed by the executive committee and the board after filing.

Form 990, Part VI, Section B, Line 15

The compensation process for top official is that compensation is approved by officers and directors with quarterly review. The compensation process for officers is approved by the president and board as part of the budget process.

Form 990, Part VI, Section C, Line 19

Information is published in annual directory distributed to members and the general public. Other information is available upon request at business offices.

Filing and Contact Details

Filer

EIN
74-0642691
Phone
5129303535

Signing Officer

Name
Karen Sheldon
Title
Executive Vice President
Phone
5129303535
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Sheldon
Formed
1947
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
24
Employees
7
Volunteers
0

Preparer

Preparer
Carlette Litterst
Phone
5129304090
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IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01947
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt026666
IRS990/FundraisingGrossIncomeAmt0106778
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0576949
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt06398
IRS990/InterestGrp/TotalAmt032541
IRS990/InvestmentIncomeGrp/ExclusionAmt0236
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0236
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0310691
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0803898
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0768508
IRS990/LandBldgEquipCostOrOtherBssAmt01079199
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WELL BEING OF LOCAL ECONOMY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0369093
IRS990/NetAssetsOrFundBalancesEOYAmt0307678
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt080112
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt080112
IRS990/NetUnrelatedBusTxblIncmAmt0-49612
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt021731
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034500
IRS990/OtherExpensesGrp/Desc0MAPS AND DIRECTORIES
IRS990/OtherExpensesGrp/Desc1BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2COMMUNITY INVOLVEMENT
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/TotalAmt023241
IRS990/OtherExpensesGrp/TotalAmt115769
IRS990/OtherExpensesGrp/TotalAmt214287
IRS990/OtherExpensesGrp/TotalAmt313792
IRS990/OtherLiabilitiesGrp/BOYAmt0602013
IRS990/OtherLiabilitiesGrp/EOYAmt0592114
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1541800
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0ROOM RENTALS
IRS990/OtherRevenueMiscGrp/Desc1ADVERTISING
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt03914
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt088017
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt177080
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23914
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt088017
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt177080
IRS990/OtherRevenueTotalAmt0169011
IRS990/OtherSalariesAndWagesGrp/TotalAmt0158868
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt028382
IRS990/PensionPlanContributionsGrp/TotalAmt07812
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KAREN SHELDON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1BUSINESS DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc2COMMUNITY INVOLVEMENT
IRS990/ProgramServiceRevenueGrp/Desc3ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/ExclusionAmt025078
IRS990/ProgramServiceRevenueGrp/ExclusionAmt118072
IRS990/ProgramServiceRevenueGrp/ExclusionAmt23415
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0249809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0249809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125078
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt218072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33415
IRS990/ProgSrvcAccomActy2Grp/Desc0ORGANIZATIONAL DEVELOPMENT-PROGRAMS TO MAINTAIN PRESENT MEMBERSHIP AND ENCOURAGE NEW MEMBERSHIP
IRS990/ProgSrvcAccomActy3Grp/Desc0ECONOMIC DEVELOPMENT-PROGRAMS THAT PROMOTE ECONOMIC GROWTH IN THE GEORGETOWN AREA
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BUSINESS DEVELOPMENT-PROGRAMS THAT PROVIDE NETWORKING AND EDUCATION FOR MEMBERS
IRS990/ProgSrvcAccomActyOtherGrp/Desc1MISCELLANEOUS PROGRAM SERVICES EXPENSES
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02446
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0348
IRS990/PYOtherExpensesAmt0225383
IRS990/PYOtherRevenueAmt0217679
IRS990/PYProgramServiceRevenueAmt0335283
IRS990/PYRevenuesLessExpensesAmt0-78056
IRS990/PYSalariesCompEmpBnftPaidAmt0408429
IRS990/PYTotalExpensesAmt0633812
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0555756
IRS990/ReconcilationRevenueExpnssAmt0-61415
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0152984
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0117527
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0747605
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0119616
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0867221
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020903
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0191075
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0211978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0586650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BUILDING CONSTRUCTION LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0768508
IRS990ScheduleD/TotalLiabilityAmt0592114
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026666

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.97$0.29$0.68$0.93$0.83$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.32$0.58$0.80$0.78$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.35$0.56$0.67$0.68$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.96$0.39$0.58$0.72$0.71$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.42$0.57$0.67$0.81$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.13$0.43$0.70$0.81$0.80$0.01
2018Summary only. Only limited summary data is available for this year.$1.15$0.46$0.69$0.69$0.68$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.19$0.51$0.69$0.71$0.64$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.53$0.62$0.61$0.52$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.55$0.53$0.58$0.48$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.57$0.43$0.61$0.49$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.59$0.31$0.55$0.61$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.60$0.37$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.70$0.42$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.70$0.50$0.67