Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
EIN 75-0745859 • 501(c)6 • Arlington, TX
Profile
Economic & business development
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Liabilities / Revenue
65th percentile
Higher debt load relative to revenue than 65% of similar nonprofits.
Net Margin
39th percentile
Higher net margin than 39% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 13.5% of source-year revenue.
Asset Growth
22nd percentile
Faster asset growth than 22% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Assets
Down$1,380,072
Down $67,219 (-4.6%) from 2023
Liabilities
Down$578,498
Down $64,461 (-10%) from 2023
Net Assets
Down$801,574
Down $2,758 (-0.3%) from 2023
Revenue
Up$2,073,556
Up $213,595 (+11%) from 2023
Expenses
Up$2,046,732
Up $113,941 (+5.9%) from 2023
Net Income
Up$26,824
Up $99,654 (+137%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Economic & business development
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,040,585 | $959,056 | ▼ $81,529 |
| Cash and Non-Interest-Bearing Accounts | $249,339 | $201,003 | ▼ $48,336 |
| Prepaid Expenses and Deferred Charges | $27,589 | $114,385 | ▲ $86,796 |
| Accounts Receivable | $129,778 | $105,628 | ▼ $24,150 |
| Total Assets | $1,447,291 | $1,380,072 | ▼ $67,219 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $326,018 | $301,272 | ▼ $24,746 |
| Other Liabilities | $232,604 | $200,247 | ▼ $32,357 |
| Accounts Payable and Accrued Expenses | $84,337 | $76,979 | ▼ $7,358 |
| Total Liabilities | $642,959 | $578,498 | ▼ $64,461 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $804,332 | $801,574 | ▼ $2,758 |
| Total Net Assets Fund Balance | $804,332 | $801,574 | ▼ $2,758 |
| Total Liabilities and Net Assets / Fund Balance | $1,447,291 | $1,380,072 | ▼ $67,219 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $734,685 | $901,665 | $1,636,350 |
| Land | $144,017 | - | $144,017 |
| Leasehold Improvements | $80,354 | $53,635 | $133,989 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Michael Jacobson | CEO | FT | $234,464 | $46,412 | $280,876 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,066,808 |
| Other Expenses | $979,924 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $653,342 | $161,854 | - | $815,196 |
| Occupancy | $351,341 | $28,757 | - | $380,098 |
| Current Officers, Directors, Trustees, and Key Employees | $251,612 | - | - | $251,612 |
| Depreciation Depletion | $56,960 | - | - | $56,960 |
| All Other Expenses | $35,265 | $6,001 | - | $41,266 |
| Other Expenses | $25,988 | $14,464 | - | $40,452 |
| Travel | $21,371 | - | - | $21,371 |
| Office Expenses | $14,493 | $3,113 | - | $17,606 |
| Interest | - | $16,987 | - | $16,987 |
| Total Functional Expenses | $1,767,406 | $279,326 | $0 | $2,046,732 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $2,233,230 |
| Expenses per Audited Statements | $2,046,732 |
| Total Expenses per Form 990 | $2,046,732 |
| Expenses Not Reported on Form 990 | $186,498 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deferred Revenue | $188,125 |
| Term Loan Payable | $12,122 |
“Classes of members or stockholders organized with members”
“There is a nomination process every year. Members and employees recommend people for the board. Personnel committee reviews, edits and approves those that are nominated.”
“Decisions of the governing body are subject to a vote at year end by members.”
“Available at various meetings and upon request, and reviewed by the finance committee of the board.”
“Policy is distributed at year end and the boards of directors votes on any changes and they approve the policy, with each director signing a written acknowledgement.”
“The personnel committee completes a benchmark salary survey each year from the us chamber of commerce and the american chamber of commerce executives. The personnel committee then reviews and votes on all changes to compensation.”
“The personnel committee completes a benchmark salary survey each year from the us chamber of commerce and the american chamber of commerce executives. The personnel committee establishes apporved salary ranges and votes on all increases and bonuses.”
“Available at various meetings and upon request.”
“To advocate for public policy and a regulatory environment supportive of the region's economic growth, and our primary industry clusters. Chamber activities-to provide opportunities for signature events and meetings that support policy, education, small business development and chamber business. Marketing-to communicate pertinent chamber news, programs, and initiatives through print, digital and social mediums.”
“In kind contributions 156,916 in kind contributions -156,916 book / tax depreciation difference -29,582 total -29,582”
“In kind contributions 156,916”
“In kind contributions 156,916 book / tax depreciation difference 29,582”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | ECONOMIC DEVELOPMENT-TO STIMULATE A SUSTAINABLE ECONOMY IN ARLINGTON AND THE SURROUNDING REGION THROUGH TARGETING INDUSTRY CLUSTER RECRUITMENT, RETENTION AND EXPANSION, BUILDING THE REGION'S IMAGE AND BRAND RECOGNITION AND ENHANCING THE ECONOMIC CLIMATE TO ESTABLISH THE REGION'S COMPETITIVE POSITIONS. |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 41 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 42 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 43 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 44 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 45 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 46 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 47 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 48 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 49 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 50 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 51 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 52 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 53 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 54 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 55 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 56 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 57 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 58 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 59 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 60 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 61 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 62 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 63 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 64 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MICHAEL JACOBSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | GERALD B ALLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KENYON GODWIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ROBYN BARRERE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CHAD BATES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MIKE GERRO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KELLY CURNUTT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MARK BRINGHURST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | KIM CRAWFORD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JIM MAIBACH CPM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | COREY CALLAWAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | CASEY CAMPBELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | AMY CEARNAL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | BILL COPPOLA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | LINDA DIPERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | LARRY FOWLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | STEPHEN CUMMINGS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | TERRY GAINES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | CARMENZA MORENO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | DAVID SARGENT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | GEORGE ZANG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | JONI WILSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | JAMIL AHMEND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 23 | PAUL BRODIE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 24 | CHRIS CARROLL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 25 | TOM CURRIE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 26 | DOUG DAWSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 27 | DIXON HOLMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 28 | CLAY KELLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 29 | AZIZ KOBTY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 30 | BLAKE KRETZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 31 | TOM READ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 32 | VALARIE LANDRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 33 | LORIE LISIUS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 34 | CLEM MADDOX |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 35 | MAUREEN MAIDLOW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 36 | KEN MATTNER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 37 | ROB MATWICK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 38 | TOM MCCARTY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 39 | KENYA MOBLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 40 | TONY PRUITT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 41 | RANDAL ROSE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 42 | ROBERT P SHEPARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 43 | JACOB SUMPTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 44 | SANDEE TREPTOW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 45 | ROBIN VAN WERKHOVEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 46 | EARL WALKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 47 | JIM WATRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 48 | JEFF WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 49 | JENNIFER COWLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 50 | DON DUKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 51 | GREG BIBB |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 52 | SHARN BARABARIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 53 | BETH OWENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 54 | JOHN AVILA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 55 | ALLAN BECK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 56 | CHARLES BRADY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 57 | LINDA CARAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 58 | VICTORIA FARRAR-MYERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 59 | AL HERNANDEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 60 | SAM MAHROUQ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 61 | ESTHER SCOTT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 62 | YAMAN SUBEI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 63 | MATT SMITTH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 64 | MARTY WIEDER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 252365 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 25 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 26 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 27 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 28 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 29 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 30 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 31 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 32 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 33 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 34 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 35 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 36 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 37 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 38 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 39 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 40 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 41 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 42 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 43 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 44 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 45 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 46 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 47 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 48 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 49 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 50 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 51 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 52 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 53 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 54 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 55 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 56 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 57 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 58 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 59 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 60 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 61 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 62 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 63 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 64 | 0 |
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