Owasso Chamber Of Commerce
- Assets
- $164.9k
- Revenue
- $327.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Owasso, OK
- Founding
- Data as of
- 12/2021
- EIN
- 73-1133740
Organization Overview
Owasso Chamber Of Commerce is located in Owasso, OK. As of 12/2021, Owasso Chamber Of Commerce employed 3 individuals. Owasso 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 12/2021, Owasso Chamber Of Commerce generated $327.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $265.2k during the year ending 12/2021. 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
THE MISSION OF THE OWASSO CHAMBER OF COMMERCE IS TO DEVELOP, ENCOURAGE,PROMOTE AND PROTECT THE COMMERCIAL,PROFESSIONAL, FINANCIAL,GENERAL BUSINESS AND RESIDENTIAL INTERESTS OF THE OWASSO COMMUNITY; TO PROMOTE THE CIVIC INTERESTS AND THE GENERAL WELFARE OF THE COMMUNITY; TO EXTEND AND PROMOTE TRADE AND COMMERCE; AND TO FOSTER, DEVELOP AND PROTECT THE INDUSTRY AND RESIDENTIAL DEVELOPMENTS OF THE OWASSO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EVENT ACTIVITIES: VIA OUR TRAIL DAYS FESTIVAL, PARADES, HOME AND BUSINESS FAIR, AUCTION, AND GOLF TOURNAMENT, WE PROVIDE ENTERTAINMENT AND KNOWLEDGE TO OUR CITIZENS, WHILE PROMOTING A SPIRIT OF CAMARADERIE WITHIN OUR CITY. ESTIMATED ANNUAL ATTENDANCE: 10,000.LEGISLATIVE AFFAIRS - THE OWASSO CHAMBER IS A BODY OF INFLUENCE: IN RECENT YEARS, THROUGH OUR PARTICIPATION IN LEGISLATIVE AFFAIRS, OUR CHAMBER HAS BEEN DIRECTLY INVOLVED IN IDENTIFYING NEEDED TRANSPORTATION CORRIDOR IMPROVEMENTS AND ASSISTED IN OBTAINING FUNDING IN EXCESS OF 50 MILLION FOR SAID IMPROVEMENTS. IN REPRESENTING OUR BUSINESSES AND CITIZENS, WE HAVE BEEN ACTIVE IN THE PASSAGE OF LEGISLATION RELATING TO WORKERS COMPENSATION REFORM, LAWSUIT REFORM AND EXPANDED HEALTHCARE SERVICES IN OUR CITY AND OUR REGION. OUR CHAMBER INVOLVEMENT IMPACTS VIRTUALLY EVERYONE WHO DRIVES ON OUR ROADWAYS, OWNS A BUSINESS, OR NEEDS A MEDICAL SERVICE. OUR CITY'S POPULATION ACCORDING TO THE MOST RECENT CENSUS, IS JUST UNDER 40,000.
MEMBERSHIP EDUCATION & INFORMATION: VIA OUR MONTHLY MEMBERSHIP LUNCHEONS, ANNUAL MEETING, AND LEGISLATIVE AFFAIRS PROGRAMMING, THERE ARE AT LEAST 15 PLANNED MEETINGS WITH OVER 2000 ATTENDEES, ANNUALLY.
THE OTHER COMMUNITY EVENTS SERVE TO SUPPORT AND STRENGTHEN BOTH OF THE PRIMARY EXEMPT PURPOSE ACCOMPLISHMENTS
THE OTHER COMMUNITY EVENTS SERVE TO SUPPORT AND STRENGTHEN BOTH OF THE PRIMARY EXEMPT PURPOSE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea Levo Feary President | Officer | $0 | |
Ray Adcock Chairman | Trustee | $0 | |
Morgan Powell Treasurer | Trustee | $0 | |
Matt Inouye Vice Chairma | Trustee | $0 | |
Paula Willyard Chairman | Trustee | $0 | |
Johnathon Shepherd Chair Elect | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $131,802 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,390 |
| 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 | $209,192 |
| Total Program Service Revenue | $0 |
| Investment income | $187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $118,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,894 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,001 |
| Payroll taxes | $13,585 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,838 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $265,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,890 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,890 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $164,890 |
| Total liabilities and net assets/fund balances | $164,890 |
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