Ardmore Chamber Of Commerce Inc
- Assets
- $1.2m
- Revenue
- $541.5k
- Investments
- $0.0
- Employees
- 16
- Location
- Ardmore, OK
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 73-0130860
Organization Overview
Ardmore Chamber Of Commerce Inc is located in Ardmore, OK. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Ardmore Chamber Of Commerce Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ardmore Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Ardmore Chamber Of Commerce Inc generated $541.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $508.4k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, FOSTER AND STIMULATE COMMERCE, TRADE, BUSINESS FINANCE AND PROFESSIONAL INTERESTS: TO STIMULATE, ENCOURAGE AND PROMOTE COOPERATION AND EXCHANGE AMONG BUSINESSES; TO PROMOTE, ADVANCE AND STIMULATE CIVIC, BUSINESS, COMMERCIAL, INDUSTRIAL AND AGRICULTURAL INTERESTS AND QUALITY OF LIFE IN AND AROUND THE CITY OF ARDMORE, OKLAHOMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, FOSTER AND STIMULATE COMMERCE, TRADE, BUSINESS FINANCE AND PROFESSIONAL INTERESTS; TO STIMULATE, ENCOURAGE AND PROMOTE COOPERATION AND EXCHANGE AMONG BUSINESSES; TO PROMOTE, ADVANCE AND STIMULATE CIVIC, BUSINESS, COMMERCIAL, INDUSTRIAL AND AGRICULTURAL INTERESTS AND QUALITY OF LIFE IN AND AROUND THE CITY OF ARDMORE, OKLAHOMA
COMMUNITY DEVELOPMENTOBJECTIVE: ENHANCE INDUSTRIAL DEVELOPMENT FOR ARDMORE, OKMEMBERSHIP DEVELOPMENTOBJECTIVE: INCREASE, MAINTAIN MEMBERSHIP, AND ENHANCE VALUE OF MEMBERSHIP FOR 633 MEMBERS
GOVERNMENTAL AFFAIRS DEVELOPMENTOBJECTIVE: PROVIDE MEMBERS AND COMMUNITY WITH A FORUM FOR DISCUSSION OF ISSUES AFFECTING ARDMORE, OKLAHOMA AND PROVIDE REPRESENTATION FOR BUSINESS COMMUNITY WITH LEGISLATIVE AFFAIRS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mita Bates President | Officer | 22 | $174,475 |
Marcus Cunningham Membership Services | OfficerTrustee | 1 | $0 |
Les Brown Chairman | OfficerTrustee | 1 | $0 |
Joe Hill Governmental Affairs | OfficerTrustee | 1 | $0 |
Dianne West Education | OfficerTrustee | 1 | $0 |
Richard Delano Chairman Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $242,762 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,352 |
| Total Program Service Revenue | $220,845 |
| Investment income | $8,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,500 |
| Net Income from Fundraising Events | $374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,475 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $550,262 |
| Pension plan accruals and contributions | $13,366 |
| Other employee benefits | $42,536 |
| Payroll taxes | $52,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$540,595 |
| Advertising and promotion | $0 |
| Office expenses | $75,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $2,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,703 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,821 |
| Insurance | $2,234 |
| All other expenses | $12,174 |
| Total functional expenses | $508,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,393 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,258 |
| Other assets | $0 |
| Total assets | $1,211,932 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,100 |
| Total liabilities | $2,100 |
| Net assets without donor restrictions | $1,209,832 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,211,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dairy Promotion Inc Kansas City, KS | $585,537 | $75,669,129 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |