LITTLE ELM CHAMBER OF COMMERCE: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: LITTLE ELM CHAMBER OF COMMERCE (EIN 84-1660331)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-02-24
IRS object ID: 201110559349300411
Schema version: 2010v3.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule C
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-02-24T11:10:02-08:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PROFICIENT FINANCIAL MANAGEMENT	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1309 PORTSMOUTH DR	AddressLine1
City	AUBREY	City
State	TX	State
ZIP Code	76227	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	841660331	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LITTLE ELM CHAMBER OF COMMERCE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LITT	NameControl
Phone	9722923777	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 184	AddressLine1
City	LITTLE ELM	City
State	TX	State
ZIP Code	75068	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	LISA MCGARRY	Name
Title	TREASURER	Title
Phone	9722923777	Phone
Date Signed	2010-02-23	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LISA MCGARRY	Name
Phone	2148081280	Phone
Date Prepared	2011-02-24	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	LISA MCGARRY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	SAME AS C ABOVE	AddressLine1
City	LITTLE ELM	City
State	TX	State
ZIP Code	75068	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	36925	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.littleelmchamber.org	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2004	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	Serving the community by promoting a thriving business environment through credibility, stability and leadership.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	250	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	250	NbrIndependentVotingMembers
Total Nbr Employees	1	TotalNbrEmployees
Total Nbr Volunteers	35	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	53063	ContributionsGrantsPriorYear
Contributions Grants Current Year	36769	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	28870	ProgramServiceRevenuePriorYear
Program Service Revenue CY	156	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	81933	TotalRevenuePriorYear
Total Revenue Current Year	36925	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	31654	SalariesEtcPriorYear
Salaries Etc Current Year	11428	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	51649	OtherExpensePriorYear
Other Expenses Current Year	22561	OtherExpensesCurrentYear
Total Expenses Prior Year	83303	TotalExpensesPriorYear
Total Expenses Current Year	33989	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-1370	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	2936	RevenuesLessExpensesCY
Total Assets BOY	5031	TotalAssetsBOY
Total Assets EOY	8965	TotalAssetsEOY
Total Liabilities BOY	-7	TotalLiabilitiesBOY
Total Liabilities EOY	991	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	5038	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	7974	NetAssetsOrFundBalancesEOY
Mission Description	Serving the community by	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	25149	Expense
Revenue	36925	Revenue
Description	GOLF TOURNAMENT, SUMMER BANQUET, HOLIDAY BANQUET AND FATHER DAUGHTER BALL - THESE PROGRAMS ENCOURAGE PARTICIPATION, INCREASE VISIBILITY OF MEMBERS IN THE COMMUNITY AND IMPROVE THE QUALITY OF LIFE.	Description
Total Program Service Expense	25149	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	true	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	1	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	250	NbrVotingGoverningBodyMembers
Number Independent Voting Members	250	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	false	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	ED YEATMAN	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	9722923777	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 184	AddressLine1
City	LITTLE ELM	City
State	TX	State
ZIP Code	75068	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Key EmployeeKeyEmployee	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
ED YEATMAN
Executive Director	15.00	X	10089	0	0
CAPRICE GARCIA
Director	1.00		0	0	0	X
EFREN-OLVERA
Chairman	1.00		0	0	0	X
CORRENE LYNCH-FIERRO
Director	1.00		0	0	0	X
LISA MCGARRY
Treasurer	1.00		0	0	0	X
BRAD BRENNAN
Director	1.00		0	0	0	X
GABINO GUERRERO
Director	1.00		0	0	0	X
MARC MATNEY
Director	1.00		0	0	0	X
STACEY BUETTNER
Director	1.00		0	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	10089	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Membership Dues	19275	MembershipDues
All Other Contributions	17494	AllOtherContributions
Total Contributions	36769	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	Networking fees	Description
Business Code	900099	BusinessCode
Total Revenue Column	156	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	156	TotalProgramServiceRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	36925	TotalRevenueColumn
Related Or Exempt Function Income	156	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	10089	Total
Program Services	7409	ProgramServices
Management And General	2680	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1339	Total
Program Services	983	ProgramServices
Management And General	356	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	1500	Total
Management And General	1500	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	2750	Total
Program Services	2750	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	480	Total
Program Services	480	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	60	Total
Management And General	60	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral	Program ServicesProgramServices
Telephone	3531	3531
Supplies	976	313	663
Auto mileage
Website	1852		1852
Professional development

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	11412	Total
Program Services	11012	ProgramServices
Management And General	400	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	33989	Total
Program Services	25149	ProgramServices
Management And General	8840	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	3802	BOY
EOY	8036	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	300	BOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	929	BOY
EOY	929	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5031	BOY
EOY	8965	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	-7	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
EOY	991	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	-7	BOY
EOY	991	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	5038	BOY
EOY	7974	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5038	BOY
EOY	7974	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5031	BOY
EOY	8965	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	5031	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Substantially All Dues Nondeduct	false	SubstantiallyAllDuesNondeduct
Only In House Lobbying	true	OnlyInHouseLobbying
Agree To Carryover Prior Year	false	AgreeToCarryoverPriorYear

Schedule D IRS990ScheduleD

Other Assets OtherAssets (2 entries)

DescriptionDescription	Book ValueBookValue
Organization costs	1267
Accumulated amortization	-338

Field	Value	IRS element (for citing)
Total Book Value Other Assets	929	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Payroll taxes	Description
Amount	$991	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	991	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI-B, Line 11a	Before filing the form 990 has to be provided to the members of the board for review.
Pt VI-C, Line 19	Any director, officer, or committee member of the Corporation may inspect and receive copies of all the corporate books and records to be maintained by the organization. Such a person may, by written request, inspect or receive copies if he or she has a proper purpose related to his or her interest in this corporation.
Pt VI-A, Line 7a	Members are able to vote to elect board positions.
Pt VI-A, Line 6	The organization has members, but no stockholders.
Pt VI-A, Line 8b	No committee has the authority to act on behalf of the governing body.
Pt VI-A, Line 2	One of the directors is related to the executive director.
Form 990, Part IX, Line 24f	COGS 9549. 9549. 0. 0. BANK SERVICE CHARGES CREDIT CARD FEES 687. 687. DUES 260. 260. POSTAGE 776. 776. EQUIPMENT RENTAL SUPPORT FOR OTHER ORGS 65. 65. PROPERTY TAXES 53. 53. MEALS & ENTERTAINMENT 22. 22.