Mcallen Chamber of Commerce Inc

“Members consist of area business men and women.”

“Members elect a board of directors which oversee the administration of the chamber and hire the president/ceo.”

“Changes to bylaws and election of new board members are sent to chamber members for approval.”

“The organization's financial statements are audited by an independent certified public accountant (cpa). The financial statements are presented for approval to the board of directors. Once approved, the form 990 is prepared by the cpa based on the audited financial statements. A draft of form 990 is reviewed by the organization's ceo and cfo. Once approved, form 990 is finalized and filed with the internal revenue service.”

“The chief executive officer (ceo) is the only individual in the organization considered an officer. This person's compensation is determined by reviewing compensation of similar positions in chambers of comparable sizes and with similar budgets. The board approves compensation after such information is reviewed.”

“Disclosure of governing documents, policies, and financial statements are available at the chamber's office during normal business hours.”

“Dues & subscriptions: program service expenses 49,564. Management and general expenses 3,734. Fundraising expenses 0. Total expenses 53,298. Computer expense: program service expenses 12,364. Management and general expenses 39,175. Fundraising expenses 0. Total expenses 51,539. Special projects: program service expenses 0. Management and general expenses 31,758. Fundraising expenses 0. Total expenses 31,758. Custodial: program service expenses 4,542. Management and general expenses 15,948. Fundraising expenses 0. Total expenses 20,490. Professional and educational: program service expenses 12,205. Management and general expenses 7,646. Fundraising expenses 0. Total expenses 19,851. Leases: program service expenses 3,600. Management and general expenses 13,544. Fundraising expenses 0. Total expenses 17,144. Recruiting costs: program service expenses 0. Management and general expenses 14,509. Fundraising expenses 0. Total expenses 14,509. Printing: program service expenses 8,601. Management and general expenses 5,861. Fundraising expenses 0. Total expenses 14,462. Postage: program service expenses 11,131. Management and general expenses 2,505. Fundraising expenses 0. Total expenses 13,636. Inkind donations: program service expenses 0. Management and general expenses 12,000. Fundraising expenses 0. Total expenses 12,000. Telephone: program service expenses 2,651. Management and general expenses 8,506. Fundraising expenses 0. Total expenses 11,157. Community relations: program service expenses 0. Management and general expenses 10,455. Fundraising expenses 0. Total expenses 10,455. Miscellaneous: program service expenses 0. Management and general expenses 4,565. Fundraising expenses 0. Total expenses 4,565. Auto expenses: program service expenses 1,799. Management and general expenses 1,047. Fundraising expenses 0. Total expenses 2,846.”

“The organization did not change its oversight process during the year. The board of directors approve the audited financial statements.”