l efile

Form

GRAPHIC p rint - DO NOT PROCESS

As Filed Data -

DLN: 93493316046520
OMB No 1545-0047

990

Return of Organization Exempt From Income Tax

Under section 501 (c), 527, or 4947( a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) 0- The organization may have to use a copy of this return to satisfy state reporting requirements calendar year, or tax year beginning 01-01-2009 Please use IRS label or print or type . See Specific Instruc tions . and ending 12 -31-2009

2009 .

Department of the Treasury Internal Revenue Service A For the 2009

B Check if applicable FAddresschange F Name change 1 Initial return F_ Terminated F-Amended return F_ Application pending

C Name of organization ODESSA HISPANIC CHAMBER OF COMMERCE Doing Business As

D Employer identification number 75-2380906 E Telephone number (432 ) 333-7892

N um b er an d s t ree t (or P 0 b ox i f mai l is no t d e l ivere d t o s t ree t a dd ress ) R oom/sui t e 119 WEST 4TH STREET City or town, state or country, and ZIP + 4 ODESSA, TX 79760

G Gross receipts $ 201,309

F Name and address of principal officer MANNY PUGA 119 W 4TH STREET STE 202 ODESSA,TX 79760

H(a)

Is this a group return for affiliates? fl Yes Are all affiliates included ?

F No F_ No

H(b) F_ 527

fl Yes

If"No," attach a list (see instructions) I 3 Tax - exempt status Website : 1F 501( c) ( 6 ) -4 (insert no ) 1 4947(a)(1) or H(c) Group exemption number 0-

www odessahcc org L Year of formation M State of legal domicile TX

K Form of organization F Corporation 1 Trust F_ Association 1 Other 1-

urnmar y
1
W

Briefly describe the organization's mission or most significant activities

DEVELOP AND IMPROVE ECONOMIC CONDITIONS IN THE COMMUNITY BY FOCUSING ON HISPANIC AND NONHISPANIC SMALL BUSINESSES

2
3 4 5

Check this box Of-ifthe organization discontinued its operations or disposed of more than 25% of Its net assets
N umber of voting members of the governing body (Part VI, line 1a) . 3 4 5 7 7 5

Number of independent voting members of the governing body (Part VI, line 1b) Total number of employees (Part V, line 2a)

Total number of volunteers (estimate If necessary)

6
7a 7b Prior Year Current Year 500 199,981 28 3,227 212,558 800 201,309 0 0 86,194 101,808 0

0
0 0

7a Total gross unrelated business revenue from Part VIII, column (C), line 12 b Net unrelated business taxable income from Form 990-T, line 34 .

8 9 N 10 11 12 13 14 15 16a b 17 18 19

Contributions and grants (Part VIII, line 1h) Program service revenue (Part VIII, line 2g)

. . . . . .

57,156 152,175

Investment Income (Part VIII, column (A), lines 3, 4, and 7d

Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) . . . . . . . . . . . . . . . . . . . Grants and similar amounts paid (Part IX, column (A), lines 1-3 Benefits paid to or for members (Part IX, column (A), line 4) . .

Salaries, other compensation, employee benefits (Part IX, column (A), lines 510) Professional fundraising fees (Part IX, column (A), line 11e) Total fundraising expenses (Part IX, column (D), line 25) 0- 0 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24f) Total expenses . .

103,332 189,526 23,032 Beginning of Current Yea Year

96,832 198,640 2,669 End of Year 61,474 1,841 59,633

Add lines 13-17 (must equal Part IX, column (A), line 25) Subtract line 18 from line 12

Revenue less expenses

20 %T ZLL 21 22

Total assets (Part X, line 16)

. .

56,511 2,012 54,499

Total liabilities (Part X, line 26) Net assets or fund balances

Subtract line 21 from line 20

Signature Block
Under penalties of perjury, I declare that I have examined this return, including a and belief, it is true, correct, and complete Declaration of preparer (other than o

Sign
Here Signature of officer MANNY PUGA PRESIDENT Type or print name and title Preparer's Date

Paid
riCNaiCi a Use Only

signature

James R Flatt
WEAVER & IIDWLLL LLP 400 W ILLINOIS SUITE 1550 MIDLAND, TX 79701

Firm 's name (or yours if self-employed), address, and ZIP + 4

May the IRS discuss this return with the preparer shown above? (see Instruct)

Form 990 ( 2009) MUMTStatement of Program Service Accomplishments 1 Briefly describe the organization 's mission

Page 2

TO DEVELOP AND IMPROVE ECONOMIC CONDITIONS IN THE WHOLE COMMUNITY BY FOCUSING ON HISPANIC AND NONHISPANIC SMALL BUSINESSES THIS MISSION INCLUDES THE PROVISION OF QUALITY,TIMELY INFORMATION AND TRAINING THAT EDUCATES, EMPOWERS AND ENRICHES THE LIVES OF MEMBERS WHILE ENHANCING THE ENTIRE COMMUNITY'S QUALITY OF LIFE

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990 -EZ'' . . . . . . . . . . . . . . . . . . . . fl Yes F No If "Yes," describe these new services on Schedule 0

Did the organization cease conducting , or make significant changes in how it conducts , any program services ? . . . . . . . . . . . . . . . . . . . . . . . . . If "Yes," describe these changes on Schedule 0

F Yes

F No

Describe the exempt purpose achievements for each of the organization ' s three largest program services by expenses Section 501 ( c)(3) and 501(c)(4) organizations and section 4947( a)(1) trusts are required to report the amount of grants and allocations to others , the total expenses , and revenue , if any, for each program service reported (Code ) (Expenses $ 92,579 including grants of $ ) (Revenue $ 100,391 )

4a

THE EDUCATION COMMITTEE WORKS WITH CHAMBER STAFF TO IDENTIFY OPPORTUNITIES FOR THE CHAMBER AND CHAMBER MEMBERS TO PARTNER WITH LOCAL AND REGIONAL EDUCATION INSTITUTIONS ON WORKFORCE DEVELOPMENT OPPROTUNITIES EDUCATION COMMITTEE ALSO LOOKS FOR OPPORTUNITIES FOR THE CHAMBER TO HOST EDUCATIONAL FORUMS THAT HELP EDUCATE BUSINESS LEADERS AND THE BUSINESS COMMUNITY AT LARGE ON THE ISSUES CONFRONTING OUR SCHOOLS AND AVAILABLE SOLUTIONS

4b

(Code

) ( Expenses $

92,579

including grants of $

) (Revenue $

100,391 )

ECONOMINC DEVELOPMENT PROGRAM ASSISTS SMALL BUSINESSES WITH LOAN PACKAGES, PROVIDES ONE-ON -ONE COUNSELING TO SMALL BUSINESS OPERATORS TO MAXIMIZE SUCCESS OF THOSE BUSINESSES, AND CONDUCTS SEMINARS TO HELP SMALL BUSINESSES

4c

(Code

) ( Expenses $

including grants of $

) (Revenue $

4d

Other program services (Expenses $

( Describe in Schedule 0 including grants of$ $ 185,158 Form 990 (2009) ) (Revenue $

4e

Total program service expenses

Form 990 (2009)

Page 3

Li^
1

Checklist of Required Schedules

Yes No No

Is the organization described in section 501(c)(3) or4947(a)(1) (other than a private foundation)? If "Yes,"

complete Schedule A 2 3
4 5

. .

1 2 3
4 5 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? If "Yes,"complete Schedule C, Part I . . . . . . . . . .
Section 501 ( c)(3) organizations . Did the organization engage in lobbying activities? If "Yes,"complete Schedule C, Part II . . . . . . . . . . . . . . . . . . . . . . . . . Section 501 ( c)(4), 501 ( c)(5), and 501 ( c)(6) organizations . Is the organization subject to the section 6033(e) notice and reporting requirement and proxy tax's If "Yes,"complete Schedule C, Part III .

Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes,"complete
Schedule D, Part I . . . . . . . . . . . . . . . . . . . . . . 6

No No No

7 8
9

Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas or historic structures? If "Yes,"complete Schedule D, Part 1195 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III . . . . . . . . . . . . . . . . . . . .

7
8

Did the organization report an amount in Part X, line 21, serve as a custodian for amounts not listed in Part X, or

provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes,"
complete Schedule D, Part IV' 10 . 9 10

No No

Did the organization, directly or through a related organization, hold assets in term, permanent,or quasiendowments? If "Yes,"complete Schedule D, Part 1/lg^

11

Is the organization's answer to any of the following questions "Yes"? If so,complete Schedule D, Parts VI, VII, VIII, IX, orXas applicable .. . . . . . . . . . . . . . . 11 * Did the organization report an amount for land, buildings, and equipment in Part X, line107 If "Yes,"complete Schedule D, Part VI. * Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16'' If "Yes,"complete Schedule D, Part VII. * Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16'' If "Yes,"complete Schedule D, Part VIII. * Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16'' If "Yes,"complete Schedule D, Part IX. * Did the organization report an amount for other liabilities in Part X, line 257 If "Yes,"complete Schedule D, Part X. * 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 487 If "Yes,"complete Schedule D, Part X.

Yes

12

Did the organization obtain separate , independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI, XII, and XIII S

12

No

12A Was the organization included in consolidated , independent audited financial statements for the tax year? Yes No If "Yes,"completing Schedule D, Parts XI, XII, and XIII is optional 13 14a b 15 16 17 18 19 20 . . . . . . . . 12A No 13 14a 14b 15 16 17 No No No No No No

Is the organization a school described in section 170(b)(1)(A)(ii)'' If "Yes, "complete Schedule E Did the organization maintain an office, employees, or agents outside of the United States? .

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If "Yes," complete Schedule F, Part I . Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any . organization or entity located outside the U S '' If "Yes,"complete Schedule F, Part II . Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to . individuals located outside the U S '' If "Yes,"complete Schedule F, Part III . Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and l le? If "Yes,"complete Schedule G, Part I Did the organization report more than $15,000 total offundraising event gross income and contributions on Part . . VIII, lines 1c and 8a'' If "Yes, "complete Schedule G, Part II . . . . . . . . Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a7 If "Yes," complete Schedule G, Part III . Did the organization operate one or more hospitals? If "Yes,"complete ScheduleH .

18 19 20

No No No Form 990 (2009)

Form 990 (2009)

Page 4

Li^
21 22 23

Checklist of Required Schedules (continued)

21 No

Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1'' If "Yes,"complete Schedule I, Parts I and II . . Did the organization report more than $5,000 of grants and other assistance to individuals in the United States . . on Part IX, column (A), line 2'' If "Yes," complete Schedule I, Parts I and III . . . Did the organization answer "Yes" to Part VII, Section A, questions 3, 4, or 5, about compensation of the

22

No

organization's current and former officers, directors, trustees, key employees, and highest compensated
employees? If "Yes,"complete Schedule J 24a . . . . . . . . . . . . . . . . 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, 20027 If "Yes," answer questions 24b-24d and complete Schedule K. If "No,"go to line 25 . . . . . . . . . . . . . . . Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? .

23

No

24a 24b

No

c d
25a

Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? . Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?

24c 24d
25a 25b

Section 501(c )( 3) and 501 ( c)(4) organizations . Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes,"complete Schedule L, Part I

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-EZ7 If "Yes," complete Schedule L, Part I .

26

Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L,
Part II .

26

No

27

Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If "Yes,"
complete Schedule L, Part III . Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV

27

No

28

instructions for applicable filing thresholds, conditions, and exceptions) a A current or former officer, director, trustee, or key employee? If "Yes,"complete Schedule L, Part
IV 28a . . . . . . . . . . . . . . . . . . . . 28b 28c 29 No No No No No No No No No No

b A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV

c
29

An entity of which a current or former officer, director, trustee, or key employee of the organization (or a family
member) was an officer, director, trustee, or owner? If "Yes,"complete Schedule L, Part IV Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M

30 31 32
33 34 35 36

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified
conservation contributions? If "Yes,"complete Schedule M PartI . . . . . . . . . . . . . 30 31 32 33 34 35

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes,"complete Schedule N, Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes,"complete
Schedule N, Part II Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and3017701-3'' If"Yes,"complete Schedule R, PartI . Was the organization related to any tax-exempt or taxable entity? If "Yes,"complete Schedule R, Parts II, III, IV, and V, line 1 . Is any related organization a controlled entity within the meaning of section 512(b)(13)7 If "Yes,"complete Schedule R, Part V, line 2 . Section 501(c )( 3) organizations . Did the organization make any transfers to an exempt non-charitable related organization? If "Yes,"complete Schedule R, Part V, line 2 . . . . . . . . . .

36 37 38 Yes Form 990 (2009) No

37
38

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? If "Yes,"complete Schedule R, Part VI Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 and 197 Note . All Form 990 filers are required to complete Schedule 0

Form 990 (2009)

Page 5

Statements Regarding Other IRS Filings and Tax Compliance

Yes la Enter the number reported in Box 3 of Form 1096, Annual Summary and Transmittal of U.S. Information Returns. Enter -0- if not applicable . . la 0 0 No

b c
2a

Enter the number of Forms W-2G included in line la Enter -0- if not applicable

lb

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable
gaming (gambling) winnings to prize winners? . . . . . . . . . . . . . . . . 1c No Enter 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 . . . . . . . . . . . . . . . . . . . . 2a (see 5 2b Yes

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note : If the sum of lines la and 2a is greater than 250, you may be required to e-file this return

instructions) 3a b 4a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this
return? . 3a No

If "Yes," has it filed a Form 990-T for this year? If "No,"provide an explanation in Schedule O

3b

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)? . 4a No

If "Yes," enter the name of the foreign country

0-

See the instructions for exceptions and filing requirements for Form TD F 90-22 1, Report of Foreign Bank and Financial Accounts 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? . 5a No

b
c 6a

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
If"Yes" to line 5a or 5b, did the organization file Form 8886-T, Disclosure by Tax-Exempt Entity Regarding

5b Sc
6a

No

Prohibited Tax Shelter Transaction?

Does the organization have annual gross receipts that are normally greater than $100,000, and did the

No

organization solicit any contributions that were not tax deductible? b 7

a

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? . Organizations that may receive deductible contributions under section 170(c).
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and

6b

7a

No

services provided to the payor7 b c d e f g h

8

. . 7b
7c No

If "Yes," did the organization notify the donor of the value of the goods or services provided?
file Form 82827 .

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to If "Yes," indicate the number of Forms 8282 filed during the year 7d

Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? For all contributions of qualified intellectual property, did the organization file Form 8899 as required?
required? .

7e 7f 7g
7h

No No No
No

For contributions of cars, boats, airplanes, and other vehicles, did the organization file a Form 1098-C as
Sponsoring organizations maintaining donor advised funds and section 509(a )( 3) supporting organizations. Did

the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year? .
9 a b 10 a b Sponsoring organizations maintaining donor advised funds. Did the organization make any taxable distributions under section 49667 . .

No

9a 9b

No No

Did the organization make a distribution to a donor, donor advisor, or related person? Section 501(c )( 7) organizations. Enter Initiation fees and capital contributions included on Part VIII, line 12 Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities Section 501(c )( 12) organizations. Enter

10a 10b

11

a b

Gross income from members or shareholders

11a 11b
12a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) . . . . . . .

12a b

Section 4947( a)(1) non -exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041' If "Yes," enter the amount of tax-exempt interest received or accrued during the year 12b

Form 990 (2009)

Form 990 (2009) LQLW Governance , Management, and Disclosure For each "Yes" response to lines 2 through 7b

Page 6

below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule 0. See instructions. Section A. Governing Bodv and Management
Yes I No

la b 2
3 4

Enter the number of voting members of the governing body Enter the number of voting members that are independent .

la lb

7 7
2 3 4 5 6 7a 7b Yes Yes Yes Yes No No No

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee?
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? Did the organization make any significant changes to its organizational documents since the prior Form 990 was filed?

5 6
7a

Did the organization become aware during the year of a material diversion of the organization's assets? Does the organization have members or stockholders?
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .

b 8
a

Are any decisions of the governing body subject to approval by members, stockholders, or other persons? Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following
The governing body?

8a 8b

Yes Yes

b 9

Each committee with authority to act on behalf of the governing body? Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization's mailing address? If"Yes," provide the names and addresses in Schedule 0

No

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes No No

10a b 11
11A 12a

Does the organization have local chapters, branches, or affiliates? If "Yes," does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? . . Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?

10a 10b 11

No

Describe in Schedule 0 the process, if any, used by the organization to review the Form 990 Does the organization have a written conflict of interest policy? If "No,"go to line 13 .

. . 12a 12b 12c 13 14 No No No

b Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? . . c 13 14
15 a

Does the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule 0 how this is done Does the organization have a written whistleblower policy? Does the organization have a written document retention and destruction policy?
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? The organization's CEO, Executive Director, or top management official

15a 15b

Other officers or key employees of the organization If "Yes" to line a orb, describe the process in Schedule 0 (See instructions

16a b

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? If "Yes," has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization's exempt status with respect to such arrangements?

16a

No

16b

Section C. Disclosure
17
18

List the States with which a copy of this Form 990 is required to be filedSection 6104 requires an organization to make its Form 1023 (or 1024 if applicable ), 990, and 990 -T (50 1(c) (3)s only) available for public inspection Indicate how you make these available Check all that apply fl Own website fl Another' s website F Upon request

19
20

Describe in Schedule 0 whether ( and if so, how), the organization makes its governing documents , conflict of interest policy, and financial statements available to the public See Additional Data Table
State the name, physical address, and telephone number of the person who possesses the books and records of the organization MANNYPUGA 700 N GRANT STE 200 ODESSA,TX 79760 (432) 333-7892 Form 990 (2009) -

Form 990 (2009) 1:M.lkvh$ Compensation of Officers , Directors , Trustees , Key Employees , Highest Compensated

Page 7

Employees , and Independent Contractors Section A . Officers , Directors , Trustees , Key Employees , and Highest Compensated Employees
la Complete this table for all persons required to be listed Report compensation for the calendar year ending with or within the organization's tax year Use Schedule J-2 if additional space is needed
* List all of the organization' s current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation, and current key employees Enter -0- in columns (D), (E), and (F) if no compensation was paid

* List all of the organization' s current key employees See instructions for definition of "key employee "
* List the organization's five current highest compensated employees (other than an officer, director, trustee or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations

* List all of the organization' s former officers, key employees, or highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations
6 List all of the organization' s former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations

List persons in the following order individual trustees or directors, institutional trustees, officers, key employees, highest compensated employees, and former such persons 1 Check this box if the organization did not compensate any current or former officer, director, trustee or key employee
(A) (B) (C) (D ) ( E) (F)

Name and Title

Average hours per week

Position ( check all that apply )

Reportable compensation from the organization ( W2/1099-MISC) T

Reportable compensation from related organizations

( W- 2/1099MISC )

Estimated amount of other compensation from the

organization and related organizations

0 -D c c c a

m
LYDIA MADRIGAL CHAIRMAN LETICIA MARTINEZ VICE CHAIRMAN GORGE SALINAS DIRECTOR / EXEC BOARD MEMBER GLORIA APOLINARIO VICE CHAIRMAN GERARDO ARZATE BOARD MEMBER BILL CASTANEDA STEVE POYNOR ROBERT MARTINEZ CHAIR ELECT JAVIER JOVEN TRINA MORALEZ BOARD MEMBER JUDY HAYES ROSARIO SANCHEZ DIANA CHAVEZ TREASURER / FINANCE CHAIR MANNY PUGA PRESIDENT

Q Q

m -D

10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 10 0 40 0

X X X X X X X X X X X X X X

0 0 0 0 0 0 0 0 0 0 0 0 0 72,546

0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

Form 990 (2009)

Form 990 (2009) lb 2 Total . . . . . . . . . . . . . . . . . . 72,546 0

Page 8 0

Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organization-0 No

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line la's If"Yes,"complete Schedule] forsuch individual . . . . . . . . . . . .
For any individual listed on line la, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000' If"Yes,"complete Schedule] forsuch

No

individual Did any person listed on line la receive or accrue compensation from any unrelated organization for services rendered to the organization ? If "Yes, "complete ScheduleI for such person . . . . . . . . .

No

No

Section B. Independent Contractors

1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization (A) Name and business address (B) Description of services (C) Compensation

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization 0-0 Form 990 (2009)

Form 990 (2009) 1:M.WJ004 Statement of Revenue

(A) (B) (C) (D)

Page 9

Total revenue

Related or exempt function revenue

Unrelated business revenue

Revenue excluded from tax under sections

512, 513, or 514

la

Federated campaigns

la

m
0 {G

b
c

Membership dues
Fundraising events

.
.

lb
1c

d
e i f

Related organizations

ld
le if 500

Government grants (contributions) All other contributions, gifts, grants, and similar amounts not included above

g h
a, 2a a2 b C d e f

Noncash contributions included in lines la-1f $ Total.Add lines la-1f .

Business Code ODC CAREER FEST GOLF INCOME MEMBERSHIP DUES BANQUET INCOME All other program service revenue 106,955 4,675 14,965 23,232 27,021 23,133 106,955 4,675 14,965 23,232 27,021 23,133

500

g 3
4 5

Total . Add lines 2a-2f . Investment income (including dividends, interest

and other similar amounts) Income from investment of tax-exempt bond proceeds Royalties . . . . . . . . . . . . . . 1000-

199,981
28 0 0 28

(i) Real
6a b c Gross Rents Less rental expenses Rental income or (loss)

(ii) Personal

d
7a

Net rental income or (loss)

Gross amount from sales of assets other than inventory Less cost or other basis and sales expenses Gain or (loss)

.
(ii) Other

(i) Securities

d 8a Qo 3

Net gain or (loss) Gross income from fundraising events (not including $ of contributions reported on line 1c)
See Part IV, line 18 .

a b c
9a

Less

direct expenses

b . 0

Net income or (loss) from fundraising events

Gross income from gaming activities See Part IV, line 19 . .

a b
c 10a

Less

direct expenses

b
. 0

Net income or (loss) from gaming activities Gross sales of inventory, less

returns and allowances b c Less cost of goods sold

. a . b . 00
800 800

Net income or (loss) from sales of inventory

Miscellaneous Revenue

Business Code 900,099

11a

OTHER INCOME

b c d
e

All other revenue

.
800

Total .Add lines 11a-11d

12

Total revenue . See Instructions

201,309

200,781 ,

28 Form 990 (2009)

Form 990 (2009) Statement of Functional Expenses

Section 501 ( c)(3) and 501 ( c)(4) organizations must complete all columns.

Page 10

All other organizations must complete column (A) but are not required to complete columns ( B), (C), and (D).
Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII . 1 Grants and other assistance to governments and organizations in the U S See Part IV, line 21 Grants and other assistance to individuals in the U S See Part IV, line 22 Grants and other assistance to governments, organizations, and individuals outside the U S Part IV, lines 15 and 16 (A) Total expenses (B ) Program service expenses 0 (C) Management and general expenses (D) Fundraising expenses

See 0

4
5 6

Benefits paid to or for members

Compensation of current officers, directors, trustees, and key employees Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) Other salaries and wages Pension plan contributions (include section 401(k) and section . 40 3(b) employer contributions)

0
72,546 72,546

0 22,244 0 22,244

7 8

9
10 11 a

Other employee benefits

Payroll taxes . . . . . . . . . .

0
7,018 7,018

Fees for services (non-employees) Management . 0

b
c

Legal

0
2,130 2,130

Accounting

d
e

Lobbying

.
See Part IV, line 17

0
0

Professional fundraising

f
g 12 13 14 15 16 17

Investment management fees

Other .

0
0 11,860 2,907 1,566 0 1,566 11,860 2,907

Advertising and promotion Office expenses Information technology Royalties Occupancy Travel . .

0 1,603 1,603

18
19 20 21 22 23 24

Payments of travel or entertainment expenses for any federal, state, or local public officials
Conferences, conventions, and meetings Interest .

0
2,874 0 22,946 0 0 22,946 2,874

Payments to affiliates Depreciation, depletion, and amortization Insurance Other expenses Itemize expenses not covered above (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below ) a b c d e f PROFESSIONAL DEVELOPMENT GIFTS MXR, P/R, SMALL BUSINESS GIFTS /OTHER RECONCILIATION DISCREPANCIES BANQUET EXPENSES All other expenses

200 404 550 -166 9,661 40,297

200 404 550 -166 9,661 32,236 8,061

25
26

Total functional expenses . Add lines 1 through 24f

Joint costs. Check here F- if following SOP 98-2 Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation

198,640

185,158

13,482

Form 990 (2009)

Form 990 (2009) IMEM Balance Sheet

(A) Beginning of year 1 2 Cash-non-interest-bearing Savings and temporary cash investments 43,839 1 2

Page 11

(B) End of year 52,293

3
4

Pledges and grants receivable, net

Accounts receivable, net 12,322

3
4 3,520

Receivables from current and former officers, directors, trustees, key employees, and
highest compensated employees Complete Part II of

Schedule L 6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and
persons described in section 4958(c)(3)(B) Complete Part II of

Schedule L 7
8

6 7
8

Notes and loans receivable, net

Inventories for sale or use

9
10a b 11 12 13 14 15 16 17 18 19 20 } 21

Prepaid expenses and deferred charges

Land, buildings, and equipment VI of Schedule D Less accumulated depreciation cost or other basis Complete Part 10a 10b 6 ,699 12,360

10c 11 12 13 14 350 15 16 17 18 19 20

5,661

Investments-publicly traded securities Investments-other securities Investments-program-related Intangible assets Other assets See Part IV, line 11 . See Part IV, line 11 See Part IV, line 11

0 61,474 1,841

Total assets . Add lines 1 through 15 (must equal line 34) Accounts payable and accrued expenses Grants payable Deferred revenue Tax-exempt bond liabilities Escrow or custodial account liability

56,511 2,012

Complete Part IVof Schedule D

21

22

Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons Complete Part II of Schedule L . 22 23

23

Secured mortgages and notes payable to unrelated third parties

24
25 26

Unsecured notes and loans payable to unrelated third parties

Other liabilities Complete Part X of Schedule D . 2,012

24
25 26 1,841

Total liabilities . Add lines 17 through 25

Organizations that follow SFAS 117, check here

through 29, and lines 33 and 34. 27 M ca 28 29 Unrestricted net assets Temporarily restricted net assets Permanently restricted net assets

F and complete lines 27

54,499 27 28 29 59,633

W_
30

Organizations that do not follow SFAS 117 , check here

lines 30 through 34. Capital stock or trust principal, or current funds

F- and complete
30

31 32

Paid-in or capital surplus, or land, building or equipment fund Retained earnings, endowment, accumulated income, or other funds
Total net assets or fund balances Total liabilities and net assets/fund balances 54,499 56,511

31 32
33 34 59,633 61,474 Form 990 (2009)

33 34

Form 990 (2009) Financial Statements and Reporting

Yes 1 Accounting method used to prepare the Form 990 p Cash F Accrual F-Other

Page 12

No

If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule 0 2a b c Were the organization's financial statements compiled or reviewed by an independent accountant's Were the organization's financial statements audited by an independent accountant? . 2a 2b No No

If "Yes," to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0 . . . If "Yes" to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a consolidated basis, separate basis, or both fl Separate basis fl Consolidated basis
. . .

2c

fl Both consolidated and separated basis

. . . . . . . . . . . . 3a 3b Form 990 (2009) No

3a
b

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the
Single Audit Act and 0MB Circular A-133? If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required

audit or audits, explain why in Schedule 0 and describe any steps taken to undergo such audits

Additional Data

Software ID: Software Version: EIN: Name : 75 -2380906 ODESSA HISPANIC CHAMBER OF COMMERCE

Form 990, Part VIII - Statement of Revenue - 2a - 2g Program Service Revenue (A) (B) (C) (D)

Total Revenue
Business Code

Related or
Exempt Function Revenue

Unrelated
Business Revenue

Revenue
Excluded from Tax under IRC 512, 513, or 514

O DC CAREER FEST GOLF INCOME MEMBERSHIP DUES BANQUET INCOME

106,955 4,675 14,965 23,232 27,021

106,955 4,675 14,965 23,232 27,021

Form 990 , Part IX - Statement of Functional Expenses - 24a - 24e Other Expenses
Do not include amounts reported on line 6b, 8b , 9b, and 10b of Part VIII, (A) Total expenses (B) Program service expenses 200 404 550 -166 9,661 (C) Management and general expenses (D) Fundraising expenses

PROFESSIONAL DEVELOPMENT GIFTS MXR, P/R, SMALL BUSINESS GIFTS /OTHER RECONCILIATION DISCREPANCIES BANQUET EXPENSES

200 404 550 -166 9,661

lefile GRAPHIC print - DO NOT PROCESS

As Filed Data -

DLN: 93493316046520
OMB No 1545-0047

SCHEDULE D
( Form 990)

Supplemental Financial Statements

- Complete if the organization answered " Yes," to Form 990, Part IV , line 6, 7 , 8, 9, 10 , 11, or 12. Attach to Form 990 . 1- See separate instructions.

2009

Department of the Treasury Internal Revenue Service Name of the organization ODESSA HISPANIC CHAMBER OF COMMERCE

Employer identification number

1 75-2380906 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts . Complete if the or g anization answered "Yes" to Form 990 Part IV , line 6. (a) Donor advised funds (b) Funds and other accounts
1 2 3 4 5 Total number at end of year Aggregate contributions to (during year) Aggregate grants from (during year) Aggregate value at end of year 0 0 0 0 0 0 0 0

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised

funds are the organization's property, subject to the organization's exclusive legal control? 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit

1 Yes

1 No

1 Yes

1 No

WWWWConservation Easements . Complete if the organization answered "Yes" to Form 990, Part IV, line 7. 1 Purpose(s) of conservation easements held by the organization (check all that apply) 1 Preservation of land for public use (e g , recreation or pleasure) 1 Preservation of an historically importantly land area 1
1

Protection of natural habitat

Preservation of open space

Preservation of a certified historic structure

Complete lines 2a-2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year Held at the End of the Year a b c d Total number of conservation easements Total acreage restricted by conservation easements Number of conservation easements on a certified historic structure included in (a) N umber of conservation easements included in (c) acquired after 8/17/06
2a 2b 2c 2d 0 0 00 0 0

N umber of conservation easements modified, transferred , released, extinguished , or terminated by the organization during the taxable year 00 0 1 Yes 0 00
0

4 5

Number of states where property subject to conservation easement is located 0-

Does the organization have a written policy regarding the periodic monitoring , inspection , handling of violations, and enforcement of the conservation easements it holds ? Staff and volunteer hours devoted to monitoring , inspecting and enforcing conservation easements during the year 0Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year -$

1 No

6
7

8
9

Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)'' fl Yes fl No In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and

balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements

ENDEff Organizations Maintaining Collections of Art, Historical Treasures , or Other Similar Assets. ComDlete if the oraanization answered "Yes" to Form 990. Part IV. line 8.
la If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service, provide, in Part XIV, the text of the footnote to its financial statements that describes these items If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items
(i) Revenues included in Form 990, Part VIII, line 1 00 Assets included in Form 990, Part X 2 0- $ -$ 0 0

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 relating to these items a b Revenues included in Form 990, Part VIII, line 1 Assets included in Form 990, Part X Cat No 52283D

0- $

0 0

For Privacy Act and Paperwork Reduction Act Notice , see the Intructions for Form 990

Schedule D ( Form 990) 2009

Schedule D (Form 990) 2009

Page 2

UNFRF-0 ii-ganizations Maintaining Collections of Art, Historical Treasures , or Other Similar Assets (continued) 3 a b c
4

Using the organization's accession and other records, check any of the following that are a significant use of its collection items (check all that apply) d 1 Loan or exchange programs F_ Public exhibition 1 F Scholarly research Preservation for future generations e F Other

Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIV

During the year, did the organization solicit or receive donations of art, historical treasures or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection?

1 Yes

1 No

Escrow and Custodial Arrangements . Complete if the organization answered "Yes" to Form 990,

Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
la b Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X'' 1 Yes fl No

If "Yes," explain the arrangement in Part XIV and complete the following table
A mount

Beginning balance

1c ld le if fl Yes l No

0 0 0 0

d e f
2a b

Additions during the year Distributions during the year Ending balance
Did the organization include an amount on Form 990, Part X, line 21'' If "Yes, " explain the arrangement in Part XIV (a)Current Year (b)Prior Year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (c)Two Years Back

MrIMEndowment Funds . Com p lete If the or g anization answered "Yes" to Form 990, Part IV , line 10.
(d)Three Years Back (e)Four Years Back la b c d e Beginning of year balance Contributions Investment earnings or losses Grants or scholarships . .

Other expenditures for facilities and programs

f g 2 a b
c

Administrative expenses End of year balance .

Provide the estimated percentage of the year end balance held as Board designated or quasi-endowment 0Permanent endowment 0Term endowment organization by (i) unrelated organizations (ii) related organizations b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I . . . 3a(i) 3a(ii) 3b 00 Yes No

3a

Are there endowment funds not in the possession of the organization that are held and administered for the

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R'' Describe in Part XIV the intended uses of the organization's endowment funds

1:M-4VJ@

Investments-Land . Buildinas . and Eauioment . See Form 990. Part X. line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value

la

Land

b Buildings
c Leasehold improvements 1,697 223 10,440 . 70 32 6,597 1,627 191 3,843 5,661 Schedule D (Form 990) 2009

d Equipment e Other Total . Add lines la-1e (Column (d) should equal Form 990, Part X, column (B), line 10(c).)

Schedule D (Form 990) 2009 Investments-Other Securities . See Form 990 , Part X , line 12. (a) Description of security or category (b)Book value (including name of security) Financial derivatives Closely-held equity interests Other (c) Method of valuation Cost or end-of-year market value

Page 3

Total . (Column (b) should equal Form 990, Part X, col (B) line 12 )

011 (c) Method of valuation Cost or end-of-vear market value

Investments-Program Related . See Form 990. Part X. line 13. (a) Description of investment type I (b) Book value

Total . (Column (b) should equal Form 990, Part X, col (B) line 13 ) Other Assets . See Form 990 , Part X

011 line 15.

(b) Book value

(a) Description

Total . (Column (b) should equal Form 990, Part X, col.(B) line 15.) ETINT0ther Liabilities . See Form 990 , Part X, line 25.
1 ( a) Description of Liability ( b) Amount

Federal Income Taxes

Total . (Column (b) should equal Form 990, Part X, col (B) line 25)

P.

2. Fin 48 Footnote In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 Schedule D ( Form 990) 2009

Schedule D (Form 990) 2009

Page 4

Reconciliation of Chan g e in Net Assets from Form 990 to Financial Statements

1 2 Total revenue (Form 990, Part VIII, column (A), line 12) Total expenses (Form 990, Part IX, column (A), line 25) 1 2

3
4

Excess or (deficit) for the year Subtract line 2 from line 1

Net unrealized gains (losses) on investments

3
4

5
6 7 8 9 10

Donated services and use of facilities

Investment expenses Prior period adjustments Other (Describe in Part XIV) Total adjustments (net) Add lines 4 - 8 Excess or (deficit) for the year per financial statements Combine lines 3 and 9

5
6 7 8 9 10

Reconciliation of Revenue p er Audited Financial Statements With Revenue p er Re turn

1
2 a

Total revenue, gains, and other support per audited financial statements
Amounts included on line 1 but not on Form 990, Part VIII, line 12 Net unrealized gains on investments .

2a

b
c d

Donated services and use of facilities

Recoveries of prior year grants Other (Describe in Part XIV)

2b
2c 2d

e
3 4 a b c 5

Add lines 2a through 2d

Subtract line 2e from line 1 .

2e
3

Amounts included on Form 990, Part VIII, line 12, but not on line 1 Investment expenses not included on Form 990, Part VIII, line 7b Other (Describe in Part XIV) Add lines 4a and 4b . . 4a 4b

c
5

Total Revenue Add lines 3 and 4c. (This should equal Form 990, Part I, line 12

Reconciliation of Ex p enses p er Audited Financial Statements With Ex p enses p er Return

1 2 a b c d e 3 4 a b c 5 Total expenses and losses per audited financial statements Amounts included on line 1 but not on Form 990, Part IX, line 25 Donated services and use of facilities Prior year adjustments Other losses Other (Describe in Part XIV) Add lines 2a through 2d . . . 2a 2b 2c 2d 1

e
3

Subtract line 2e from line 1

Amounts included on Form 990, Part IX, line 25, but not on line 1: Investment expenses not included on Form 990, Part VIII, line 7b Other (Describe in Part XIV) Add lines 4a and 4b Total expenses . . 4a 4b

c
5

Add lines 3 and 4c. (This should equal Form 990, Part I, line 18

Su pp lemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9, Part III, lines la and 4, Part IV, lines lb and 2b, Part V, line 4, Part X, Part XI, line 8, Part XII, lines 2d and 4b, and Part XIII, lines 2d and 4b Also complete this part to provide any additional information Identifier Ret urn Reference Explanat ion Schedule D (Form 990) 2009

l efile GRAPHIC p rint - DO NOT PROCESS SCHEDULE 0

As Filed Data -

DLN: 93493316046520 OMB No 1545-0047

(Form 990)
Department of the Treasury Internal Revenue Service

Supplemental Information to Form 990

Complete to provide information for responses to specific questions on

2009
Open
Inspection

Form 990 or to provide any additional information .

0- Attach to Form 990.

Name of the organization

ODESSA HISPANIC CHAMBER OF COMMERCE

Employer identification number

75-2380906

Identifier PT V I GOVERNING BODY, MANAGEMENT & DISCLOSURE

Return Reference PT V I GOVERNING BODY, MANAGEMENT & DISCLOSURE

Explanation MEMBERS ARE CLASSIFIED AS ACTIVE, LIFE AND HONORARY MEMBERS LIFE MEMBERSHIP SHALL BE CONFERRED AT THE ANNUAL MEETING UPON THOSE WHO HAVE QUALIFIED DURING THE YEAR BY HAVING SECURED AT LEAST FIFTY MEMBERSHIP UNITS WITHIN A TWELVE-MONTH PERIOD SUCH LIFE MEMBERSHIPS SHALL BE WITHOUT DUES AND WITHOUT THE PRIVILEGE OF VOTING BOARD MEMBER MEETINGS ARE HELD WHERE ANY POSSIBLE CONFLICTS ARE DISCUSSED AND ATTENDED TO SEE ATTACHMENT

PT V I GOVERNING BODY, MANAGEMENT & DISCLOSURE

AMENDED BY-LAWS AS OF AUGUST 6, 2009

For Paperwork ReduchonActNohce , seethe Instructons forForm 990

Cat No 51056K

Schedule 0 (Form 990)2009

Draft Copy ODESSA HISPANIC CHAMBER OF COMMERCE

,

BY-LAWS THE BY-LAWS OF THE ODESSA HISPANIC CHAMBER OF COMMERCE WERE HEREBY AMENDED ON August 6, 2009, SO THAT THE SAME HEREAFTER SHALL READ AS FOLLOWS, TO-WIT: ARTICLE I
Section 1 The name of this organization shall be the ODESSA HISPANIC CHAMBER OF COMMERCE.

Section 2 The principle office of the ODESSA HISPANIC CHAMBER OF COMMERCE shall be at 119 West 40' Street, Ste 202 in the City of Odessa, Ector County, Texas. Branch office or offices and branch places of business may be from time to time as determined. ARTICLE II Section 1 PURPOSE

The purpose of the Chamber shall be: '"'' a) To promote the civic, commercial, cultural, industrial and agricultural interest and development of the City of Odessa and the Permian Basin b) To aid in the establishment and development of worthwhile enterprises which will tend to increase the prosperity and promote the welfare of the Odessa area and its surrounding trade territory c) To stand and work for local harmony among all interests of the Community and all activities of the organization shall be nonprofitable, nonpartisan, and nonsectarian, and the Chamber shall never,
by resolution or otherwise, support or endorse any candidate for public office, or any political party, nor shall any meetings of political nature whatsoever be held within the premises occupied by or under its control

ARTICLE III Section 1 Honorary members.

MEMBERSHIP AND DUES

Members shall be classified as Active members. Life members and

Section 2 Any reputable person, firm, corporation, partnership , or estate that is in sympathy with the purpose of the organization shall be eligible to apply for active membership.

Revised: August 6, 2009

Last printed 8/6/2009

Draft Copy Section 3 The annual dues of each active member shall be set by the Board of Directors. Dues shall be payable into the general fund annually, semi-annually and quarterly in advance as each member shall elect. If the member requests a ribbon cutting, one year's dues in advance are required. Section 4 Any member whose membership investment remains unpaid sixty (60) days after an anniversary date for said member, shall automatically become a delinquent member. A bill covering the unpaid membership investment and notice of the effect on this Section shall thereupon be mailed to such member. If the membership investment remains unpaid for an additional period of thirty (30) days after the mailing of the bill and notice, the delinquent member will be referred to the Executive Committee and the Board of Directors for cancellation of membership. All rights and privileges of the delinquent member shall be terminated immediately upon cancellation of membership. Section 5 Life membership shall be conferred at the annual meeting upon those who have qualified during the year by having secured at least fifty membership units within a twelvemonth period. Such life membership shall be without dues and without the privilege of voting. Section 6 Honorary membership may be conferred from time to time as the Board may determine. Such Honorary membership shall be without dues and without the privilege of voting. Section 7 Any member, upon written request to the Executive Committee or the Board, may resign from the Chamber. Section 8 The death of a member or the removal of a member ' s residence from the

city or vicinity will cancel his membership pledge. Section 9 Any person, firm, corporation, partnership or estate holder with one or more memberships shall have the right at any time to change any or all of its representatives upon written notice.

Section 10

Every active member in good standing shall be entitled to cast one vote.

Section 11 Special subscriptions and assessments shall be solicited only when authorized and directed by the Board of Directors. All such special subscriptions and assessments shall likewise be paid into the general fund, or into a special fund if so designated by the Board of Directors. Such special funds shall be controlled and audited in the same manner as the general fund.

Section 12 No member shall sell, assign, transfer or in any manner whatsoever dispose of his membership in the Chamber, or be deprived thereof, except in the manner herein provided.
Section 13 Special membership meetings may be called by the Executive committee, the board and/or Chairman, and shall be called by the Chairman upon written request of nine

Revised: August 6, 2009

Last printer! 8/6/2009

Draft Copy Directors or five percent of the members in good standing; provided, however, that such requests specifies the purpose for which the meeting is to be called. ARTICLE IV NOMINATING CONMTTEE

Section 1 The Nominating committee will consist of one Vice Chairman and two Directors chosen from the current board in June of each year who will be responsible for seeking candidates for the board and submitting nominations to the board for all opened board positions. Section 2 It shall be the duty of this committee to nominate from the membership of the Chamber as many candidates as there are vacancies on the Board to be filled. They will secure agreements to serve as Directors elected. These names shall be submitted to the membership by mail or email as soon as practicable. From this date of notification, the membership will have ten days to make further nominations from the current "in good standing" membership list in June each year. Additional nominations can be made by written petition to the Nominating committee by ten members of the Chamber who are in good standing". Should additional names be submitted, then the total new number nominees shall be resubmitted by mail ballot to the membership. Those receiving the highest number of votes necessary to filling all the vacancies shall be declared elected Directors. Section 3 The Nominating Committee is to count the ballots and certify the results. In case of a tie vote, the decision shall be by lot, in such a manner as may be determined by the Nomination Committee. Section 4 In addition, it shall be the duty of the Nominating Committee to recommend to the Executive committee in June of each year, a Chairman-Elect, a Treasurer, a Vice-Chairman for Workforce Initiatives, a Vice-Chairman for Economic Development (Small Business Development), a Vice-Chairman for Education, a Vice-Chairman for Membership Services, and as many others as are necessary to accomplish program objectives. ARTICLE V BOARD OF DIRECTORS

Section 1 The activities, program, property control and policy statement of the organization shall be vested in the Executive Committee through a Board of Directors of no less than fifteen (15) members. Said Board shall be composed of; (a) members elected by the membership to the board, as hereinafter provided, for a threeyear term for a maximum of three consecutive terms (b) the Chair and Chair-Elect elected by the membership, from within the duly elected board, as herein provided, for a term of one year term for a maximum of two consecutive terms The Directors, by recommending individuals to Nominating Committee and voting, shall fill all vacancies on the board at a regularly scheduled Board meeting. The Board of Directors shall meet at least ten times a year.

Revised: August 6, 2009

Last printed 8/6/2009

Draft Copy

Section 2 Special meetings may be called by the Chairman and shall be called by the Executive upon written request of nine Directors. Section 3 The three year term of the Board of Directors and all officers, excluding the Executive, shall correspond to the fiscal year of the Chamber. Section 4 Absence from three regular meetings, without an excuse deemed valid by the Executive Committee, shall be construed as a resignation and it shall be the responsibility of the Chairman to notify the member of the pending resignation after two unexcused absences. Any Board member may be removed, either with or without cause, by a majority vote at any regular or special meeting of the Board at which a quortun is present. Section 5 Eight members of the Board shall constitute a quorum.

Section 6 After serving three full elected consecutive terms of three years a person shall remain off the Board at least one year before being eligible to serve another three year elective term. Assuming a person has not exhausted his/her three term limit, he/she will be eligible to he elected to the board

Section 7

Proxy voting shall not be allowed.

ARTICLE VI

EXECUTIVE COMMITTEE

Section I The Executive Committee consists on the Chairman, Chairman-Elect, Immediate Past Chairman, in Ex-officio capacity, Treasurer, and all Vice-Chairmen, elected by the Board from its own number at a meeting in June of each year; and the Chief Executive Officer of the Chamber shall be an ex-officio member of both the Executive Committee and the Board. Section 2 The Chief Executive Officer shall prepare an organizational structure and procedures for accomplishing the objectives of the year for presentation to the board. Following board approval, the Executive Committee will represent the Board in making certain that the policies , procedures and By-Laws of the Board are followed and that the objectives, approved by the Board, are accomplished . The CEO will make regular reports to the Board. Section 3 The Executive Committee shall, during the intervals between meetings of the Directors, possess and exercise all the functions of the Board. The Executive Committee shall attend to the Chamber and also shall perform such duties as from time to time may be delegated to it by the Board. Section 4 The Executive Committee may refer matters brought before it to a proper standing committee, which it or the Board, may designate.

Revised: August 6, 2009

Last printed 8/6/2009

Draft Copy Section 5 The Executive Committee is responsible to the Board of Directors for the operation and function of all its committees. They are to represent the Directors in critical analysis and discussion for each item in the Program of action, each project and special activity engaged in the Odessa Hispanic Chamber of Commerce. Section 6 A majority of the Executive Committee shall constitute a quorum.

ARTICLE VII

DUTIES OF OFFICERS

Section 1 The Chairman shall be the Chief Executive and policy officer who shall preside over meetings of the membership, of the Board, and the Executive Committee. He/she shall be the chief spokesman of the Chamber's Board. He/she shall have the power to appoint all Committee Chairs to those committees deemed necessary by the Executive Committee and any special Adhoc committees created by the Chair. The Chief Executive Officer reports to the chair of the board. The Chair will be elected to a term of no less than one (1) year with a limit of two consecutive years. Section 2 The Chairman-Elect shall be the next succeeding Chairperson. He/she shall perform duties delegated to him/her from time to time by the Chairman. In the case of the Chairman's long-term incapacity, resignation or removal from office, the Chairman-Elect will term succeed to the role of Chairman. In the event that a Chair-elect succeeds a Chair under this provision, this succession does not affect the two consecutive term rule listed herein.

Section 3 The Vice-Chairman and Treasurer shall be responsible for performing all the financial and accounting responsibilities of the organization, for keeping and updating chamber by laws, policies, procedures and any duties as delegated to them by the Chairman from time to time. Section 4 The Vice-Chairman of Membership Services shall be responsible for increasing the membership, reporting all delinquents, recommend all membership cancellations and expulsions of chamber members to the Board for its approval. Section 5 The Chief Executive Officer/President shall be the chief administrative officer, operating under policy established by the Board and responsible to the Executive Committee, at a salary fixed by the Executive Committee and approved by the board. It will also be the responsibility of the Chief Executive Officer/President or his/her designate to serve as secretary for the Odessa Hispanic Chamber of Commerce. Section 6 The Treasurer will serve as Chairman of the Budget Committee and will be responsible for reviewing the financial reports of the Chamber and reporting to the directors on the financial condition of the Chamber of Commerce. It will also be the responsibility of the Treasurer to be chairman of the By-Laws committee and to review the By-Laws to make recommendations on any needed changes to the Executive Committee. In addition, he/she shall attest all official papers.

Revised: August 6, 2009

Last printed 8/6/2009

Draft Copy
Section 7 All elected Vice Chairs of the chamber and their committees will automatically be responsible for all chamber program initiatives in their respective areas, making recommendations and reports for the given position to which they were duly elected. These elected positions will include, but are not limited to; Vice-Chairman for Workforce Initiatives, a Vice-Chairman for Economic Development (Small Business Development), a Vice-Chairman for Education, a Vice-Chairman for Membership Services, and as many others as are deemed necessary to accomplish the Chamber program objectives.

ARTICLE VIII Section 1 all committees.

COMMITTEES

The Executive Board shall authorize and define the powers and duties of

Section 2 The Chairman shall appoint or authorize the appointment of all committee Chairman with approval of the Executive Committee. Section 3 The Budget Committee shall compile a budget of estimated expenses and income for approval of the Board. This committee shall also be responsible for an annual audit of the books and accounts of the Chamber. Section 4 The Board must approve all programs and resolutions of committees prior to being made public.

Section 5 No "Special Purpose" organization may be established under the auspices of the Chamber until a proposal stating the purposes, policy and By-Laws is submitted to the Board. If approved and established, such organization will be required to make regular reports to the Board. Section 6 The members of the Executive Committee and the (Executive) ChiefExecutive Officer shall be ex-officio members of all committees of the Chamber, as well as all organizations approved under this Article.

ARTICLE IX

NUSCELLANEOUS

Section 1 Finds: Upon approval of the budget by the Board of Directors, the Chief Executive Officer may be authorized to make expenditures approved in the budget. The Executive Committee must approve any additional expenses not approved in the budget.

Section 2 Fiscal Year: The fiscal year of the Chamber shall end the last day on September of each year. Section 3 Referenda: Upon written request of five percent of the members in good standing of the Chamber, the Board shall, or upon its own initiative, submit any question to the

Revised: August 6, 2009

Last printed 8/6/2009

Draft Copy

members for a mail referendum vote, the ballot for such vote to be accompanied by statements presenting both sides of the question. When so stated in the request, action taken therein by the membership shall be final. Section 4 Endorsements : The Chamber makes no endorsements by letter, through media or otherwise, or any individual, private product, scheme, promotion, company or agency. Section 5 Dissolution: The Chamber shall use its funds only to accomplish the objectives and purpose specified in these By-Laws, and no part of said fund shall inure, or be distributed, to the members of the Chamber. On dissolution of the Chamber, any funds remaining shall be distributed to one or more regularly organized and qualified charitable, educational, scientific or philanthropic organizations to be selected by the Board of Directors. Section 6 All questions of parliamentary procedure shall be decided according to Roberts Rules of Order (Revised). Section 7 Contributions to outside agencies. The Chambers funds are to be expended for Chamber purposes in accordance with the duly adopted budget. Funds shall not be budgeted or expended for charitable contributions.

ARTICLE X

AMENDMENTS

These By-Laws can be amended at any regular meeting by a majority vote Section 1 of the Board present, with quorum requirement being met, or at any special meeting called for this purpose only after following procedures listed in Section 2 of this Article have been followed. Any and all proposed changes to these By-Laws must first be submitted to Section 2 the Treasurer who will place said proposed changes before the Board for consideration. Once the Board has reviewed and voted to make proposed changes, the Treasurer will create a By Law committee who will be responsible for creating the first draft of any proposed changes. The proposed changes will then be presented to the Executive Committee for review, discussion and submission to the Board.

Section 3 Notice of meetings at which such amendments are to be considered must be given at least three days prior to the time of the meeting, and copies of present section(s) together with proposed changes, shall be included with said notices.

ARTICLE XI

INDEMNIEICATION

Section 1 The Chamber shall indemnify any Director, Officer or agent against expenses incurred by him/her for the amount paid in satisfaction of judgments in connection with any action, suit or proceedings to which he/she is made a party by reason of being or having

Revised. August 6, 2009

Last printed 8/6/2009

Draft Copy been such a Director, Officer or agent, except in relation to matters as to which he/she shall be adjudged in such action, suit or proceedings to be liable for negligence or misconduct in the performance of his/her duties to the Chamber or such other entity in which the Chamber then had interest. Signed on the sixth (6") day of August 2009 and affirmed by the Board of Directors of the Odessa Hispanic Chamber of Commerce.

Signed Chairman of the Board

Signed Secretary

Revised : August 6 , 2009

Last printed 8/6/2009