Woodward Chamber Of Commerce
- Assets
- $61.5k
- Revenue
- $228.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Woodward, OK
- Founding
- 04/1943
- Data as of
- 12/2023
- EIN
- 73-0518960
Organization Overview
Woodward Chamber Of Commerce is located in Woodward, OK. The organization was established in 1943. 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 12/2023, Woodward Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodward Chamber Of Commerce 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 12/2023, Woodward Chamber Of Commerce generated $228.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $237.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE TOURISM AND BUSINESS IN WOODWARD
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE TOURISM AND BUSINESS IN WOODWARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cj Montgomery President | OfficerTrustee | 40 | $57,750 |
Karla Wilson Controller | Trustee | 40 | $39,200 |
Crystal Simmons Chairman | OfficerTrustee | 0.25 | $0 |
Austin Vanderwork Chairman | OfficerTrustee | 0.25 | $0 |
Erik Hudson Chairman | OfficerTrustee | 0.25 | $0 |
Lorne Clark Vice President | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $60,333 |
| Fundraising events | $52,200 |
| Related organizations | $35,027 |
| Government grants | $63,000 |
| 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 | $210,560 |
| Total Program Service Revenue | $40,224 |
| Investment income | $241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,117 |
| 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. | $96,950 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,052 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,174 |
| Payroll taxes | $11,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,950 |
| Advertising and promotion | $4,221 |
| Office expenses | $9,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,899 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,054 |
| Insurance | $4,837 |
| All other expenses | $1,156 |
| Total functional expenses | $237,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,593 |
| Savings and temporary cash investments | $8,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,825 |
| 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 | $4,516 |
| Net Land, buildings, and equipment | $15,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,518 |
| Accounts payable and accrued expenses | $3,558 |
| 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 | $1 |
| Total liabilities | $3,559 |
| Net assets without donor restrictions | $57,959 |
| 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 | $61,518 |