ARLINGTON CHAMBER OF COMMERCE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

ARLINGTON CHAMBER OF COMMERCE FOUNDATION INC

EIN 54-2085214 · Community & Neighborhood Development (S20)

What they do

SERVE AS A SUPPORTING ORGANIZATION to THE ARLINGTON CHAMBER of COMMERCE and to LESSEN THE BURDENS of THE ARLINGTON LOCAL GOVERNMENT WITH RESPECT to MATTERS of ECONOMIC DEVELOOPMENT and URBAN LAND USE and to PROVIDE EDUCATION to THE PUBLIC ABOUT LOCAL GOVERNMENT. FORM 990, PART VI, LINE 6 - CLASSES of MEMBERS or STOCKHOLDERS ORGANIZED WITH MEMBERS FORM 990, PART VI, LINE 7A - ELECTION of MEMBERS and THEIR RIGHTS THERE is A NOMINATION PROCESS EVERY YEAR to ELECT THE BOARD of DIRECTOS. MEMBERS and EMPLOYEES CAN MAKE RECOMMENDATIONS. FORM 990, PART VI, LINE 7B - DECISIONS SUBJECT to APPROVAL of MEMBERS DECISIONS of THE GOVERNING BODY ARE SUBJECT to A VOTE BY THE BOARD. FORM 990, PART VI, LINE 12C - ENFORCEMENT of CONFLICTS POLICY is DISTRIBUTED AT YEAR END and THE BOARD of DIRECTOS VOTES ON ANY CHANGES and THEY APPROVE THE POLICY, and BOARD MEMBERS SIGN AN ACKNOWLEDGEMENET.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

226.96%of revenue went to mission work100.0% of expenses · Program services

$7,764.51spent for every $100 of revenueSpending was higher than revenue this year.

$1.22in assets for every $1 spent this yearSome assets cannot be spent right away.

3,276.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $44,914 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $28,511 for MICHAEL JACOBSON (PRESIDENT/CE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,048

Mission workProgram services$45,500226.96% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$45,500226.96% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 226.96% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 161.62% of revenue

2021Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingTotal expenses: 94.05% of revenue

2020Expense mix: 96.4% mission · 3.6% management · 0.0% fundraisingTotal expenses: 101.25% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 71.45% of revenue

2018Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 424.11% of revenue

2017Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 787.55% of revenue

2016Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 78.43% of revenue

Money in and money out

Revenue$586

Expenses$45,500

Annual shortfall $44,914 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$45,500 · 100.0% of expenses

See all reported dollar amounts

Revenue$586

Expenses$45,500

Assets$55,707

Income$586

Contributions$19,200

Mission work (program services)$45,500

Grants given$95,000

Average grant$95,000

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL JACOBSONPRESIDENT/CE · 40 hrs/week $28,511Base · Other $28,511

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

MICHAEL JACOBSONPRESIDENT/CE

CINDY SALTERDIRECTOR

DARLA PEZNELLDIRECTOR

DON DUKECHAIRMAN

JIM MAIBACHDIRECTOR

TERRY GAINESTREASURER

About this charity

Recognized since: January 2003
Location: 505 E BORDER ST, ARLINGTON, TX 76010-7402
County: Tarrant
In care of: % WES JUREY
Primary officer: MICHAEL JACOBSON, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Emailevents@arlingtontx.com Phone(817) 543-4306

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: RHODES OSIEK PATYK & COMPANY LLP
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development
Grant-giving organization: Yes