Civic Intelligence

Frisco Chamber of Commerce

EIN 75-2149200 • 501(c)6 • Frisco, TX

Profile

The frisco chamber of commerce is a voluntary member based organization of business and professional men and women who have joined together for the purpose of promoting the civic and business community. The chamber strives to develop strong businesses and vibrant economy through business advocacy and leadership, through programs such as networking, committees, membership meetings and business educational programs. The frisco chamber's goal is to "empower your success".

6843 Main StFrisco, TX 75034

www.friscochamber.com

Siviq Scores

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

Liabilities / Assets

44th percentile

0.11x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.09x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,441,429

Up $159,599 (+12%) from 2023

Liabilities

Up

$160,338

Up $10,338 (+6.9%) from 2023

Net Assets

Up

$1,281,091

Up $149,261 (+13%) from 2023

Revenue

Up

$1,731,688

Up $168,168 (+11%) from 2023

Expenses

Down

$1,554,298

Down $7,226 (-0.5%) from 2023

Net Income

Up

$177,390

Up $175,394 (+8787%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $749,538Liabilities 2011: $623,503Net Assets 2011: $126,0352011Assets 2012: $729,288Liabilities 2012: $517,389Net Assets 2012: $211,8992012Assets 2013: $733,614Liabilities 2013: $485,951Net Assets 2013: $247,6632013Assets 2014: $809,539Liabilities 2014: $455,385Net Assets 2014: $354,1542014Assets 2015: $913,150Liabilities 2015: $417,945Net Assets 2015: $495,2052015Assets 2016: $947,224Liabilities 2016: $382,874Net Assets 2016: $564,3502016Assets 2017: $1,012,732Liabilities 2017: $337,911Net Assets 2017: $674,8212017Assets 2018: $1,062,972Liabilities 2018: $406,243Net Assets 2018: $656,7292018Assets 2019: $1,024,993Liabilities 2019: $328,948Net Assets 2019: $696,0452019Assets 2020: $1,097,853Liabilities 2020: $345,613Net Assets 2020: $752,2402020Assets 2021: $1,136,777Liabilities 2021: $291,746Net Assets 2021: $845,0312021Assets 2022: $1,282,522Liabilities 2022: $152,688Net Assets 2022: $1,129,8342022Assets 2023: $1,281,830Liabilities 2023: $150,000Net Assets 2023: $1,131,8302023Assets 2024: $1,441,429Liabilities 2024: $160,338Net Assets 2024: $1,281,0912024

Highlighted filing

2024

Assets$1,441,429
Liabilities$160,338
Net Assets$1,281,091

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $538,8172011Revenue 2012: $659,583Expenses 2012: $602,099Net Income 2012: $57,4842012Revenue 2013: $698,430Expenses 2013: $665,854Net Income 2013: $32,5762013Revenue 2014: $889,999Expenses 2014: $783,511Net Income 2014: $106,4882014Revenue 2015: $1,027,626Expenses 2015: $886,573Net Income 2015: $141,0532015Revenue 2016: $1,125,774Expenses 2016: $1,056,629Net Income 2016: $69,1452016Revenue 2017: $1,285,072Expenses 2017: $1,174,599Net Income 2017: $110,4732017Revenue 2018: $1,312,268Expenses 2018: $1,190,987Net Income 2018: $121,2812018Revenue 2019: $1,426,106Expenses 2019: $1,386,790Net Income 2019: $39,3162019Revenue 2020: $1,087,819Expenses 2020: $1,031,624Net Income 2020: $56,1952020Revenue 2021: $1,263,499Expenses 2021: $1,170,708Net Income 2021: $92,7912021Revenue 2022: $1,630,790Expenses 2022: $1,345,987Net Income 2022: $284,8032022Revenue 2023: $1,563,520Expenses 2023: $1,561,524Net Income 2023: $1,9962023Revenue 2024: $1,731,688Expenses 2024: $1,554,298Net Income 2024: $177,3902024

Highlighted filing

2024

Revenue$1,731,688
Expenses$1,554,298
Net Income$177,390

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.16$1.28$1.73$1.55$0.18
2023Summary only. Only limited summary data is available for this year.$1.28$0.15$1.13$1.56$1.56$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.15$1.13$1.63$1.35$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.29$0.85$1.26$1.17$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.35$0.75$1.09$1.03$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.33$0.70$1.43$1.39$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.41$0.66$1.31$1.19$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.34$0.67$1.29$1.17$0.11
2016Summary only. Only limited summary data is available for this year.$0.95$0.38$0.56$1.13$1.06$0.07
2015Summary only. Only limited summary data is available for this year.$0.91$0.42$0.50$1.03$0.89$0.14
2014Summary only. Only limited summary data is available for this year.$0.81$0.46$0.35$0.89$0.78$0.11
2013Summary only. Only limited summary data is available for this year.$0.73$0.49$0.25$0.70$0.67$0.03
2012Summary only. Only limited summary data is available for this year.$0.73$0.52$0.21$0.66$0.60$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.62$0.13$0.54
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 10, 2023
Return Version
2022v5.0
Gross Receipts
$1,630,790
Mission and Program Overview

Mission

The frisco chamber of commerce is a voluntary member based organization of business and professional men and women who have joined together for the purpose of promoting the civic and business community. The chamber strives to develop strong businesses and vibrant economy through business advocacy and leadership, through programs such as networking, committees, membership meetings and business educational programs. The frisco chamber's goal is to "empower your success".

To protect and promote commerce through advocacy, resources, and connections.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$487,348$539,206▲ $51,858
Land, Buildings, and Equipment, Net$517,417$483,737▼ $33,680
Cash and Non-Interest-Bearing Accounts$132,012$259,579▲ $127,567
Total Assets$1,136,777$1,282,522▲ $145,745
Liabilities
Mortgage Notes Payable Secured by Investment Property$289,384$150,000▼ $139,384
Accounts Payable and Accrued Expenses$2,362$2,688▲ $326
Total Liabilities$291,746$152,688▼ $139,058
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$845,031$1,129,834▲ $284,803
Total Net Assets Fund Balance$845,031$1,129,834▲ $284,803
Total Liabilities and Net Assets / Fund Balance$1,136,777$1,282,522▲ $145,745

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$392,561$525,706$918,267
Other Land Buildings$15,748$79,932$95,680
Land$75,428-$75,428
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony Tony FelkerPresident/CEOFT$166,450$14,952$181,402

Board Members and Trustees

NameTitle
Mike BarberChair
Ashley MillerChair Elect
Matthew ReiterPast Chair
Amanda LaganDirector
Brian WysongDirector
C John Scheef IiiDirector
Jeff SmilthDirector
Jeremy HowellDirector
John NewkirkDirector
Megan Nguyen TrinhDirector
Peter BurnsDirector
Shanthi RajaramDirector
Suad BejtovicDirector
Terri Paterson McelhaneyDirector
Wesley RandallDirector
Barbara MiloDirector, at Large
Brett LeeDirector, at Large
Ann AndersonSecretary
Chad SterlingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$704,163
Program Service Revenue
$611,716
Investment Income
$1,313
Other Revenue
$313,598
Change in Net Assets
$284,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,630,790
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,175
Total Revenue per Audited Statements
$1,633,965
Total Revenue per Form 990
$1,630,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$764,754
Other Expenses$581,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$438,449--$438,449
Current Officers, Directors, Trustees, and Key Employees$5,513$175,889-$181,402
Other Employee Benefits$53,584$20,292-$73,876
Payroll Taxes$33,922$13,439-$47,361
Depreciation Depletion$23,575$10,104-$33,679
Occupancy$23,136$9,915-$33,051
Fees for Services Accounting-$27,581-$27,581
Pension Plan Contributions$17,326$6,340-$23,666
Office Expenses$11,654$4,995-$16,649
Advertising$9,197$3,942-$13,139
Other Expenses$7,575$3,247-$10,822
Fees for Services Other-$7,237-$7,237
All Other Expenses$309$6,452-$6,761
Insurance$4,070$1,744-$5,814
Interest$3,319$1,422-$4,741
Total Functional Expenses$1,029,886$316,101$0$1,345,987

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,349,162
Expenses per Audited Statements$1,345,987
Total Expenses per Form 990$1,345,987
Expenses Not Reported on Form 990$3,175
Expenses Not Reported on Financial Statements$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The frisco chamber of commerce is made up of members whose businesses are located in frisco and the surrounding areas.

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

The board nominating commiittee prepares a slate of candidates to the board. The nominees who receive a majority vote by the board are then voted on by all members in good standing.

Form 990, Part VI, Section B, Line 11B

The organization's tax return is prepared by a cpa firm who furnishes a draft of the return to the president/ceo and the vice president of operations. Once the return is approved by them, a copy is provided to the finance committee chair person to review and made available to the board of directors for acceptance.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy. Each board member is responsible to read the policy and respond in writing as to whether or not there are conflicts. The board is required to update the president and/or board chairman at any time throughout the year when a real or potential conflict has arisen.

Form 990, Part VI, Section B, Line 15

The board of directors reviews the compensation of other chambers in the area and makes recommendations.

Form 990, Part VI, Section C, Line 19

The organization makes the financial statements and governing documents available by contacting the chamber office.

Filing and Contact Details

Filer

Filer Name
Frisco Chamber of Commerce
EIN
75-2149200
Phone
9723359522
Address
6843 MAIN ST, FRISCO, TX 75034

Signing Officer

Name
Anthony Felker
Title
President/CEO
Phone
9723359522
Signed
2023-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Felker
Formed
1970
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
9
Volunteers
25

Preparer

Firm
Haynie & Company
Address
1785 WEST 2300 SOUTH, SALT LAKE CITY, UT 84119
Preparer
Andrew J Moore
Phone
2142960900
Supplemental Narrative

Additional Explanations

990 Part XII Line 1

Modified cash basis of accounting more accurately reflects accounting method as per audited financial statements.

Raw XML AppendixShowing 400 of 514 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02688
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROTECT AND PROMOTE COMMERCE THROUGH ADVOCACY, RESOURCES, AND CONNECTIONS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03942
IRS990/AdvertisingGrp/ProgramServicesAmt09197
IRS990/AdvertisingGrp/TotalAmt013139
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06452
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0309
IRS990/AllOtherExpensesGrp/TotalAmt06761
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum09723359522
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06843 MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRISCO
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IRS990/ConservationEasementsInd00
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IRS990/CYSalariesCompEmpBnftPaidAmt0764754
IRS990/CYTotalExpensesAmt01345987
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01630790
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IRS990/DepreciationDepletionGrp/TotalAmt033679
IRS990/Desc0THE FRISCO CHAMBER OF COMMERCE GOLF TOURNAMENT PROVIDED THE OPPORTUNITY FOR LOCAL BUSINESSES TO BUILD POSITIVE RELATIONSHIPS WITHIN THE BUSINESS COMMUNITY. REVENUE $59,040 WITH DIRECT EXPENDITURES $36,302.
IRS990/DescribedInSection501c3Ind00
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IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW REITER
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IRS990/Form990PartVIISectionAGrp/PersonNm5BRETT LEE
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE BARBER
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER BURNS
IRS990/Form990PartVIISectionAGrp/PersonNm8MEGAN NGUYEN TRINH
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IRS990/Form990PartVIISectionAGrp/PersonNm10JEREMY HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm11TERRI PATERSON MCELHANEY
IRS990/Form990PartVIISectionAGrp/PersonNm12CHAD STERLING
IRS990/Form990PartVIISectionAGrp/PersonNm13ASHLEY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm14WESLEY RANDALL
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IRS990/Form990PartVIISectionAGrp/PersonNm16BARBARA MILO
IRS990/Form990PartVIISectionAGrp/PersonNm17SHANTHI RAJARAM
IRS990/Form990PartVIISectionAGrp/PersonNm18JEFF SMILTH
IRS990/Form990PartVIISectionAGrp/PersonNm19ANTHONY TONY FELKER
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR, AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR, AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT/CEO
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IRS990/MissionDesc0THE FRISCO CHAMBER OF COMMERCE IS A VOLUNTARY MEMBER BASED ORGANIZATION OF BUSINESS AND PROFESSIONAL MEN AND WOMEN WHO HAVE JOINED TOGETHER FOR THE PURPOSE OF PROMOTING THE CIVIC AND BUSINESS COMMUNITY. THE CHAMBER STRIVES TO DEVELOP STRONG BUSINESSES AND VIBRANT ECONOMY THROUGH BUSINESS ADVOCACY AND LEADERSHIP, THROUGH PROGRAMS SUCH AS NETWORKING, COMMITTEES, MEMBERSHIP MEETINGS AND BUSINESS EDUCATIONAL PROGRAMS. THE FRISCO CHAMBER'S GOAL IS TO "EMPOWER YOUR SUCCESS".
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IRS990/ProgSrvcAccomActy2Grp/Desc0EACH YEAR, THE FRISCO CHAMBER OF COMMERCE RECOGNIZES OUTSTANDING ENTITIES AND INDIVIDUALS AT ITS ANNUAL GALA, ATTENDED BY OVER 600 INFLUENTIAL LOCAL LEADERS. NOMINATIONS ARE REVIEWED BY A DIVERSE COMMITTEE OF BUSINESS PROFESSIONALS. BESIDES STANDARD AWARDS, THE CHAMBER'S PRESIDENT AND CHAIR EACH HONOR A SIGNIFICANT CONTRIBUTOR TO THE CHAMBER. NOMINATIONS OPEN EVERY FALL. REVENUE $180,910 WITH DIRECT EXPENDITURES $109,131
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE LEADERSHIP EXCHANGE TRIP PROVIDES ATTENDEES WITH UNPARALLELED LEARNING AND NETWORKING OPPORTUNITIES, TAILORED FOR THOSE EAGER TO SHAPE FRISCO'S FUTURE. BY ENGAGING IN SPECIALIZED WORKSHOPS AND CONNECTING WITH COMMUNITY LEADERS, PARTICIPANTS ACQUIRE TOOLS AND INSIGHTS TO DRIVE POSITIVE CHANGE. REVENUE $79,500 WITH DIRECT EXPENDITURES $57,384.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt079500
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0525706
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