Greater Omaha Chamber Of Commerce
- Assets
- $5.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 50
- Location
- Omaha, NE
- Founding
- 11/1922
- Data as of
- 12/2023
- EIN
- 47-0258610
Organization Overview
Greater Omaha Chamber Of Commerce is located in Omaha, NE. The organization was established in 1922. 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, Greater Omaha Chamber Of Commerce employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Omaha 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, Greater Omaha Chamber Of Commerce generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. 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
TO INCREASE BUSINESS, EMPLOYMENT, AND INVESTMENT IN THE GREATER OMAHA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT - PROVIDES OPPORTUNITIES TO START, EXPAND OR RELOCATE A BUSINESS IN GREATER OMAHA. TO ENCOURAGE YOUR SUCCESS AND INCREASE BUSINESS, INVESTMENT AND EMPLOYMENT THROUGHOUT THE REGION-THE STATES OF NEBRASKA AND IOWA HAVE IMPLEMENTED AN ARRAY OF BUSINESS-FRIENDLY INCENTIVE PROGRAMS.
MEMBER SERVICES - PROVIDES OPPORTUNITIES TO MEMBER COMPANIES TO DEVELOP NEW RELATIONSHIPS, PROMOTE THEIR BUSINESS, INCREASE THEIR VISIBILITY, ACCESS INFORMATION, GAIN EXPERTISE AND GET CONNECTED
PUBLIC POLICY - WORKS TO CREATE A PRO-BUSINESS CLIMATE THAT FOSTERS GROWTH, ATTRACTS NEW BUSINESSES AND ENCOURAGES THE EXPANSION OF EXISTING BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Tapio Chairman | OfficerTrustee | 1 | $0 |
Mickey Anderson Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Steve Grandfield Treasurer | OfficerTrustee | 1 | $0 |
David Cota Treasurer | OfficerTrustee | 1 | $0 |
Derek Leathers Secretary | OfficerTrustee | 1 | $0 |
Dana Bradford Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,723,768 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $853,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,577,670 |
| Total Program Service Revenue | $63,591 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,482 |
| Net Rental Income | $24,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,253,353 |
| 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 | $1,967,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $125,435 |
| Advertising and promotion | $138,222 |
| Office expenses | $50,123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374,545 |
| Travel | $17,045 |
| 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 | $2,803,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $464,060 |
| Accounts receivable, net | $144,855 |
| 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 | $54,986 |
| Net Land, buildings, and equipment | $950,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,945,020 |
| Total assets | $5,745,048 |
| Accounts payable and accrued expenses | $74,879 |
| Grants payable | $0 |
| Deferred revenue | $799,332 |
| 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 | $4,244,191 |
| Total liabilities | $5,118,402 |
| Net assets without donor restrictions | $162,586 |
| Net assets with donor restrictions | $464,060 |
| 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 | $5,745,048 |
Grants Awarded
Over the last fiscal year, Greater Omaha Chamber Of Commerce has awarded $212,006 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GATEWAY DEVELOPMENT CORPORATION PURPOSE: PPP GRANT (THEIR EMPLOYEES RUN THROUGH OUR PAYROLL) | $27,524 |
ADVANCE SOUTHWEST IOWA CORPORATION PURPOSE: PPP GRANT (THEIR EMPLOYEES RUN THROUGH OUR PAYROLL) | $67,529 |
CASS COUNTY NEBRASKA ECONOMIC DEVELOPMENT CORPORATION PURPOSE: PPP GRANT (THEIR EMPLOYEES RUN THROUGH OUR PAYROLL) | $18,858 |
GREATER FREMONT DEVELOPMENT COUNCIL PURPOSE: PPP GRANT (THEIR EMPLOYEES RUN THROUGH OUR PAYROLL) | $35,326 |
NEBRASKA CITY AREA ECONOMIC DEVELOPMENT CORPORATION PURPOSE: PPP GRANT (THEIR EMPLOYEES RUN THROUGH OUR PAYROLL) | $18,798 |
SARPY COUNTY ECONOMIC DEVELOPMENT COUNCIL PURPOSE: PPP GRANT (THEIR EMPLOYEES RUN THROUGH OUR PAYROLL) | $43,971 |