Rio Grande Valley Chamber Of Commerce Inc in Weslaco, Texas (TX)

Rio Grande Valley Chamber Of Commerce Inc
Employer Identification Number (EIN)	741012454
Name of Organization	Rio Grande Valley Chamber Of Commerce Inc
Address	322 S Missouri Ave, Weslaco, TX 78596-6016
Activities	Business promotion (chamber of commerce, business league, etc.), Attracting new industry or retaining industry in an area, Other school related activities
Subsection	Chamber of Commerce
Ruling Date	12/1945
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$500,000 to $999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$569,356
Amount of Income	$2,075,559
Form 990 Revenue Amount	$919,629

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	Yes	Yes
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2010	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		1	9	15
The number of Forms W-2G		0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		26	30	28
Did the organization file all required federal employment tax returns?		Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	Yes	Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No	No
Did the organization file Form 8886-T?		No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No	No
Initiation fees and capital contributions	$0	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0	$0
Gross income from other sources	$0	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0	$0
The amount of reserves on hand		$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No	No
Has it filed a Form 720 to report these payments?		No	No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$83,088	$95,822
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$3,225	$4,500
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2010	2011	2012	2013
Statement of Revenue
Total revenue	$319,257	$397,511	$439,072	$919,629
Contributions, Gifts, Grants and Other Similar Amounts	$0	$0	$0	$0
Program Service Revenue	$257,178	$176,755	$238,417	$321,425
561000		$131,755	$134,517	$184,000
561000		$45,000	$103,900	$137,425
All other program service revenue		$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$9,292	$2,945	$2,572	$2,416
Income from investment of tax-exempt bond proceeds	$0	$0	$0	$0
Royalties	$11,308	$1,974	$2,816	$12,979
Net rental income	$0	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0	$14,500
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $14,500
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $0
Gain or (loss) (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $14,500
Net income/loss from fundraising events	$0	$82,535	$32,006	$87,732
Gross income from fundraising events	$0	$118,700	$49,250	$149,820
Less: direct expenses	$0	$36,165	$17,244	$62,088
Net income/loss from gaming activities	$7,076	$57,597	$55,054	$132,471
Gross income from gaming activities	$980,127	$910,845	$969,471	$1,226,313
Less: direct expenses	$973,051	$853,248	$914,417	$1,093,842
Net income/loss from sales of inventory	$0	$0	$0	$0
Miscellaneous Revenue	$34,403	$75,705	$108,207	$348,106
900099		$561,499	$54,973	$254,089
561300		$0	$33,336	$64,800
All Other Business Support Services		$0	$19,898	$29,217
All other revenue		$0	$0	$0

	2010	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$267,864	$389,261	$441,077	$892,694
Grants and other assistance to domestic organizations and domestic governments		$0	$0	$11,000
Grants and other assistance to domestic individuals		$0	$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0	$0
Benefits paid to or for members		$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$0	$0	$83,088	$95,822
Compensation not included above, to disqualified persons		$0	$0	$0
Other salaries and wages	$134,645	$201,392	$141,520	$218,643
Pension plan accruals and contributions		$0	$0	$0
Other employee benefits		$15,015	$14,463	$22,813
Payroll taxes	$11,444	$8,989	$15,943	$31,206
Fees for services (non-employees)
Management		$0	$0	$0
Legal		$0	$0	$1,847
Accounting		$2,000	$7,195	$12,500
Lobbying		$0	$0	$0
Professional fundraising services	$0	$0	$0	$0
Investment management fees		$0	$0	$0
Other		$0	$5,131	$19,332
Advertising and promotion		$90	$13,570	$128,489
Office expenses		$19,651	$20,730	$16,500
Information technology		$5,016	$3,676	$2,885
Royalties		$0	$0	$0
Occupancy		$0	$0	$0
Travel		$4,568	$6,521	$12,777
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0	$0
Conferences, conventions, and meetings		$500	$0	$149
Interest		$0	$0	$0
Payments to affiliates		$31,976	$45,152	$50,740
Depreciation, depletion, and amortization		$14,321	$9,326	$13,009
Insurance		$8,760	$9,205	$13,056
Other expenses		$65,781	$19,063	$186,091
Other expenses		$5,829	$7,301	$12,448
Other expenses		$4,170	$6,489	$10,528
Other expenses		$1,203	$3,554	$3,313
Other expenses		$0	$29,150	$29,546

	2010	2011	2012	2013
Balance Sheet
Total assets	$539,491	$543,057	$541,634	$569,356
Cash - non-interest-bearing		$289,556	$157,529	$138,956
Savings and temporary cash investments		$158	$120,998	$121,883
Pledges and grants receivable, net		$0	$0	$0
Accounts receivable, net		$0	$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0	$0
Notes and loans receivable, net		$0	$0	$0
Inventories for sale or use		$0	$0	$0
Prepaid expenses and deferred charges		$0	$0	$0
Land, buildings, and equipment: cost or other basis		$253,343	$263,107	$308,517
Investments - publicly traded securities		$0	$0	$0
Investments - other securities		$0	$0	$0
Investments - program-related		$0	$0	$0
Intangible assets		$0	$0	$0
Other assets		$0	$0	$0
Total liabilities	$11,843	$7,863	$8,445	$9,232
Accounts payable and accrued expenses		$7,863	$8,445	$9,232
Grants payable		$0	$0	$0
Deferred revenue		$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0
Escrow or custodial account liability		$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$0	$0	$0
Total net assets or fund balances	$527,648	$535,194	$533,189	$560,124
Unrestricted net assets		$535,194	$533,189	$560,124
Temporarily restricted net assets		$0	$0	$0
Permanently restricted net assets		$0	$0	$0
Capital stock or trust principal, or current funds		$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$527,648	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Rio Grande Valley Chamber Of Commerce Inc to others? (optional)

Yes

Add photo of Rio Grande Valley Chamber Of Commerce Inc (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (3.145.72.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Abundant Grace Praise & Worship Church in Houston, TX
Aglow International, 2010896 San Angelo Tx Community Lighthouse Aglow Intl San Angelo Tx in San Angelo, TX
Bob And Dani Muckleroy Foundation in Ovilla, TX
New Beginnings House Of Prayer in Galena Park, TX
Labor Of Faith Inc in Pearland, TX
Vandemataram Foundation Usa Inc in Lewisville, TX
Pathways Core Training Inc in Irving, TX
Mount Sinai Grand Lodge Community Foundation in Houston, TX
Pogue Family Missions Society in Mckinney, TX
United Christian Services Inc in Hemphill, TX

Recently Added Reviews

Abundant Grace Praise & Worship Church in Houston, TX

Aglow International, 2010896 San Angelo Tx Community Lighthouse Aglow Intl San Angelo Tx in San Angelo, TX

Bob And Dani Muckleroy Foundation in Ovilla, TX

New Beginnings House Of Prayer in Galena Park, TX

Labor Of Faith Inc in Pearland, TX

Vandemataram Foundation Usa Inc in Lewisville, TX

Pathways Core Training Inc in Irving, TX

Mount Sinai Grand Lodge Community Foundation in Houston, TX

Pogue Family Missions Society in Mckinney, TX

United Christian Services Inc in Hemphill, TX

Id	Name	Address	State	Established	Total Income
Other organizations in Texas
1	Rio Grande Childrens Home Inc	700 N Pearl St Ste 1200, Dallas, TX 75201-7405	TX	1959-08	$1,350,202
2	Rio Grande City Chamber Of Commerce	PO BOX 2, Rio Grand City, TX 78582-0002	TX	1962-12	$58,509
3	Rio Grande Electric Cooperative Inc	PO BOX 1509, Brackettville, TX 78832-1509	TX	1950-03	$43,596,574
4	Rio Grande Habitat For Humanity	PO BOX 4318, Mcallen, TX 78502-4318	TX	1987-01	$532,500
5	Rio Grande Home Health Agency Inc	1713 E Tyler Ave Ste A, Harlingen, TX 78550-7316	TX	1975-05	$1,681,724
6	Rio Grande Valley Apartment Association	PO BOX 3299, Harlingen, TX 78551-3299	TX	1983-06	$137,660
7	Rio Grande Valley Ballet Company	203 Ulex Ave, Mcallen, TX 78504-2641	TX	1973-06	$99,846
8	Rio Grande Valley Birding Festival Inc	311 E Tyler Ave, Harlingen, TX 78550-9121	TX	1996-09	$145,424
9	Rio Grande Valley Builders Association Inc	419 W Nolana Ave Ste C, Mcallen, TX 78504-2968	TX	1993-06	$139,801
10	Rio Grande Valley Cancer Classic Inc	1420 W Iris Avenue, Mcallen, TX 78501	TX	1989-02	$0
11	Rio Grande Valley Chamber Of Commerce Inc	322 S Missouri Ave, Weslaco, TX 78596-6016	TX	1945-12	$2,075,559
12	Rio Grande Valley Chapter Of Amer Production Inventory Control Soc	53 Medical St, Brownsville, TX 78520	TX	1986-12	$3,052
13	Rio Grande Valley Chapter Of The Tscpa Education Foundation	1225 N Expressway Ste C1-161, Brownsville, TX 78520-8674	TX	1986-10	$65,201
14	Rio Grande Valley Community Foundation	1200 Ash Ave, Mcallen, TX 78501-4605	TX	2002-08	$316,850
15	Behavioral Health Solutions Of South Texas	5510 N Cage Blvd Ste C, Pharr, TX 78577-1813	TX	1993-11	$3,298,040
16	Rio Grande Valley Counseling Association	111 San Ignacio Avenue, San Juan, TX 78589	TX	1998-04	$0
17	Rio Grande Valley Diabetesassociation	420 S Closner Blvd, Edinburg, TX 78539-4563	TX	2007-05	$127,744
18	Rio Grande Valley Empowerment Zone Corporation	PO BOX 4542, Mc Allen, TX 78502-4542	TX	1996-12	$734,165
19	Rio Grande Valley Healing Rooms	PO BOX 1029, Progreso, TX 78579-1029	TX	2004-01	$115,837
20	Rio Grande Valley Indigent Healthcare Corporation	2101 Pease St, Harlingen, TX 78550-8307	TX	2009-04	$96

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Rio Grande Valley Chamber Of Commerce Inc and has no official or unofficial affiliation with Rio Grande Valley Chamber Of Commerce Inc