Little Elm Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 841660331
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025, Form 990-EZ 2021
- Location
- Little Elm, TX, USA
- Phone
- 9729558014
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $298,682
- Expenses
- $280,014
- Assets
- $181,556
- Liabilities
- $1,634
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JENNETTE ESPINOSA (EXECUTIVE DIRECTOR)
People named in this filing
- JENNETTE ESPINOSA (EXECUTIVE DIRECTOR)
- BRAD KIESLING (SECRETARY)
- MICHEL HAMBRICK (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To represent & advance the economic prosperity of the business community in little elm & surrounding areras by fostering meaningful connections, enhancing the local business environment & contributing to a higher quality of life for all.
What it reported doing in 2025
Awards banquet an evening dedicated to recognizing & appreciating our sponsors, partners, staff, board members & volunteers. This celebration honored the collective achievements that have propelled our missing forward boosting morale & reinforcing the spirit of collaboratoin. The event served as an opportunity to highlight both organizational milestones & member successes, demonstrating the impact of our shared efforts
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 82
- Accountability: 76
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 29.6%; rating input score 30
- Program expense ratio: 31.6%; rating input score 32
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.3%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 14.5% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 19.2% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 29.6% of revenue deployed · 31.6% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
- Programs: 6 filed program accomplishments · $28K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
- Moderate — Financial Efficiency: Program expense ratio scored 32/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 50/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.