Olney Board Of Industry & Commerce
- Assets
- $58.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, TX
- Founding
- 12/1978
- Data as of
- 12/2022
- EIN
- 75-1437450
Organization Overview
Olney Board Of Industry & Commerce is located in Olney, TX. The organization was established in 1978. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olney Board Of Industry & 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 12/2022, Olney Board Of Industry & Commerce generated $99.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $94.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diedre Brown Executive Dir. | 40 | $29,236 | |
Taylor Moore Director | 1 | $0 | |
Tammy Montgomery Vice President | 1 | $0 | |
Lacey Bullock Secretary | 1 | $0 | |
Luke Leonard Treasurer | 1 | $0 | |
Dan Branum Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,282 |
| Total Program Service Revenue | $14,264 |
| Membership dues | $28,736 |
| Investment income | $46 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,328 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,542 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $13,903 |
| Printing, publications, postage, and shipping | $795 |
| Other expenses | $43,919 |
| Total expenses | $94,279 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,511 |
| Other assets | $0 |
| Total assets | $58,632 |
| Total liabilities | $1,202 |
| Net assets or fund balances | $57,430 |