Rogers Lowell Area Chamber Of Commerce is located in Rogers, AR. The organization was established in 1965. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Rogers Lowell Area Chamber Of Commerce employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rogers Lowell Area 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 12/2022, Rogers Lowell Area Chamber Of Commerce generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE VOICE OF BUSINESS, TO PROMOTE AND INITATE RESPONSIBLE ECONOMIC GROWTH, AND TO ADDRESS COMMUNITY CHALLENGES IN THE ROGERS-LOWELL AREA AND THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS AND ACTIVITIES DESIGNATED TO PRESERVE, PROMOTE, AND ENHANCE COMMERCE IN THE CITY OF ROGERS, ARKANSAS THROUGH DEVELOPING AND INVOLVING LEADERS, HONORING AND SERVING ALL BUSINESSES IN THE COMMUNITY, PROMOTING FREE ENTERPRISE, AND EDUCATING THE COMMUNITY THROUGH CONFERENCES AND ADVERTISING.THE CHAMBER STAFF ASSISTED 385 INDIVIDUALS SEEKING RESOURCES ON STARTING A SMALL BUSINESS. THE CHAMBER HOSTED OVER 250 STUDENTS ACROSS THE KINDERGARTEN TO JOB (K2J) CONNECT WORKFORCE DEVELOPMENT PROGRAMS FOCUSING ON CAREERS IN HOSPITALITY AND EARLY CHILDHOOD EDUCATION. WE FOSTERED A BUSINESS ENVIRONMENT LEADING TO THE CREATION OF OVER 1,200 JOBS IN THE CITY OF ROGERS, INCLUDING OVER 70 MILLION DOLLARS OF NEW COMMERCIAL DEVELOPMENTS, EITHER ANNOUNCED OR OPENED THROUGHOUT ROGERS.PROGRAMS AND ACTIVITIES DESIGNATED TO PRESERVE, PROMOTE, AND ENHANCE COMMERCE IN THE CITY OF ROGERS, ARKANSAS THROUGH DEVELOPING AND INVOLVING LEADERS, HONORING AND SERVING ALL BUSINESSES IN THE COMMUNITY, PROMOTING FREE ENTERPRISE, AND EDUCATING THE COMMUNITY THROUGH CONFERENCES AND ADVERTISING.THE CHAMBER CONTINUES TO HOLD A FIVE-STAR ACCREDITATION WITH THE U.S. CHAMBER OF COMMERCE. ACCREDITATION WITH THE UNITED STATES CHAMBER OF COMMERCE DEFINES EXCELLENCE IN CHAMBER PLANNING AND RECOGNIZES OUTSTANDING CONTRIBUTIONS TOWARD POSITIVE CHANGE IN THEIR COMMUNITIES. ACCREDITATION STATISTICS, AS JUNE 2022, OUT OF THE 7,000 CHAMBERS IN THE UNITED STATES, ONLY 194 CHAMBERS ARE ACCREDITED. THESE ELITE CHAMBERS REPRESENT THE TOP 3% OF ALL CHAMBERS IN THE UNITED STATES. THE NATIONAL LOCAL AND METRO CHAMBER ACCREDITATION STATISTICS ARE AS FOLLOWS. 11 ARE ACCREDITED 8 ARE 3-STAR 35 ARE 4-STAR 140 ARE 5-STARIN 2022, THE CHAMBER ADDED 219 NEW MEMBERSHIPS WITH A YEAR-END OF 1,956 MEMBERS. HOSTED 178 EVENTS AND PROGRAMS INCLUDING 80 BUSINESS NETWORKING EVENTS FOR OUR MEMBERS.DOWNTOWN ROGERS EXPERIENCED THE GROWTH OF 30 NEW BUSINESSES IN 2022 INCLUDING: ADDITIONS TO THE PROFESSIONAL SERVICES AND VENDOR COMMUNITY: MARKETING MAIN STREET, EDWARD JONES-STEPHANIE HOGAN, NATURAL STATE BEVERAGE CO., LOLOFT, ANDORA REAL ESTATE, PR IMMEGRATION, BRIDGING US, BELONGING AND INCLUSION STRATEGISTMAKERS/CREATORS/LOCALLY MADE: NATURAL STATE BEVERAGE CO., MODEST METHOD DESIGNS, MAGNOLIA CYCLE, RETAIL: GRACE LORENZO'S BRIDAL AND FORMAL WEAR, BLACK CROWN SOCIAL, BRANDED OUTLAW BOUTIQUE, HOLD YOUR HORSES VINTAGE, SALONS AND TATTOO SHOPS: SAVED BY GRACE TATTOO STUDIO, EMBER FINE ART TATTOO, LASHES BY LEANNARESTAURANTS: THE TIPSY DONUT, OZ SMOKEHOUSE, TXAR HOUSE, BLU DTR, THE SHIRE GASTROPUB, DANGER DOGS, B LIST ON THE BRICKS, FIVE VACATION RENTAL PROPERTIES HAVE OPENED IN DOWNTOWN ROGERS. IN ADDITION TO 25 ROW HOUSES UNDER CONSTRUCTION OR RECENTLY COMPLETED IN THE PAST 3 YEARS, THE ANNOUNCEMENT OF DOWNTOWN ROGERS FIRST LARGE-SCALE MULTI-FAMILY DEVELOPMENT WAS ANNOUNCED AT 401 N 1ST STREET. THIS PROPERTY WILL PROVIDE 121 ONE, TWO AND THREE APARTMENTS. DOZENS OF BUSINESSES ARE CONTRIBUTING TO QUALITY OF LIFE WITH A GROWING NUMBER OF BUSINESSES THAT OFFER ORIGINAL ART BY REGIONAL ARTISTS, LIVE MUSIC, AND INTERACTIVE EXPERIENCESVISIT ROGERS CONTINUED TO WORK WITH THE COMMUNITY DRAWING IN VISITORS, GROUPS AND EVENTS INTO THE COMMUNITY. 138 LEADS AND 63,954 ROOM NIGHTS WERE SOURCED IN 2022. IN 2022, OUR STRATEGIC AREAS OF FOCUS INCLUDED DESTINATION MARKETING, ECONOMIC DEVELOPMENT, DOWNTOWN DEVELOPMENT, WORKFORCE RECRUITMENT AND RETENTION, GOVERNMENT AFFAIRS, SMALL BUSINESS OUTREACH, COMMUNITY EDUCATION AND LEADERSHIP PROGRAMS, AND LONG-RANGE COMMUNITY PLANNING TO IMPROVE QUALITY OF LIFE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Raymond Burns President/ceo | OfficerTrustee | 50 | $321,025 |
Jerry Vest Ridc President | OfficerTrustee | 1 | $0 |
Angie Tucker-Ridley Past Chairman | OfficerTrustee | 1 | $0 |
Erin Kiefer Chairman | OfficerTrustee | 1 | $0 |
Mike Power Chairman-Elect | OfficerTrustee | 1 | $0 |
Tom Allen Treasurer | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $640,969 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $317,535 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $958,504 |
Total Program Service Revenue | $1,923,914 |
Investment income | $6,471 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $7,067 |
Net Rental Income | $0 |
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 | $2,926,260 |
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. | $419,193 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,107,521 |
Pension plan accruals and contributions | $37,613 |
Other employee benefits | $48,110 |
Payroll taxes | $115,452 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $27,439 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $30,919 |
Advertising and promotion | $0 |
Office expenses | $45,703 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $111,499 |
Travel | $13,904 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,409 |
Interest | $14,077 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $73,096 |
Insurance | $151,950 |
All other expenses | $0 |
Total functional expenses | $2,678,886 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,325,467 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $843,838 |
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 | $16,767 |
Net Land, buildings, and equipment | $476,243 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $301,243 |
Total assets | $2,963,558 |
Accounts payable and accrued expenses | $352,461 |
Grants payable | $0 |
Deferred revenue | $615,623 |
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 | $70,151 |
Total liabilities | $1,038,235 |
Net assets without donor restrictions | $1,925,323 |
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 | $2,963,558 |