Arkansas City Chamber Of Commerce Inc is located in Arkansas City, KS. The organization was established in 1940. 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 12/2022, Arkansas City Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas City 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 12/2022, Arkansas City Chamber Of Commerce Inc generated $89.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $127.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CHAMBER IS A MEMBER DRIVEN ORGANIZATION EMPOWERED BY ITS MEMBERSHIP TO PROMOTE ECONOMIC COMMUNITY DEVELOPMENT IN THE AREA. THE CHAMBER HAS 196 MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Arthur Hicks CEO | 40 | $9,054 | |
Paisley Howerton Former CEO | 40 | $33,453 | |
Rhonda Jordan Treasurer | 0 | $0 | |
Brittany Carder Chairman | 0 | $0 | |
Sarah Jellings Secretary | 0 | $0 | |
Beth Schmidt Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $54,268 |
Total Program Service Revenue | $14,196 |
Membership dues | $0 |
Investment income | $4,696 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $12,981 |
Other Revenue | $3,124 |
Total Revenue | $89,265 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $71,952 |
Professional fees and other payments to independent contractors | $4,745 |
Occupancy, rent, utilities, and maintenance | $15,852 |
Printing, publications, postage, and shipping | $2,893 |
Other expenses | $32,428 |
Total expenses | $127,870 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $37,958 |
Other assets | $0 |
Total assets | $115,354 |
Total liabilities | $49,686 |
Net assets or fund balances | $65,668 |