Siloam Springs Chamber Of Commerce
- Assets
- $607.4k
- Revenue
- $484.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Siloam Springs, AR
- Founding
- 08/1953
- Data as of
- 12/2021
- EIN
- 71-0233654
Organization Overview
Siloam Springs Chamber Of Commerce is located in Siloam Springs, AR. The organization was established in 1953. 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 12/2021, Siloam Springs Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Siloam Springs 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, Siloam Springs Chamber Of Commerce generated $484.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $326.7k 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
TO PROMOTE THE CITY OF SILOAM SPRINGS IN SUCH A MANNER AS TO ATTRACT NEW BUSINESSES AND PROMOTE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOGWOOD FESTIVAL - THIS EVENT ALLOWS FOR THE DISPLAY OF AREA CRAFTS/TALENT AND PROMOTES THE DOWNTOWN AREA OF SILOAM SPRINGS. THIS ANNUAL ACTIVITY PROMOTES THE SCENIC BEAUTY OF SILOAM SPRINGS AND ATTRACTS VISITORS/TOURISTS AND AREA CRAFTMEN TO SILOAM SPRINGS.
MEMBER SERVICES & COMMUNITY GUIDES/VISITOR PACKETS - ALLOWS FOR THE OPPORTUNITY TO PROVIDE INFORMATION ABOUT COMMUNITY EVENTS TO VISITORS AND BUSINESSES. THE ORGANIZATION OFFERS A VARIETY OF FUNCTIONS AND EVENTS THROUGHOUT THE YEAR THAT ASSIST LOCAL BUSINESS OWNERS. THE VISITOR PACKETS INCLUDE INFORMATION ON THE CITY OF SILOAM AND PRESENT CITY AND CIVIC INFORMATION TO POTENTIAL RESIDENTS.
CHAMBER BANQUET/HONOR GRADUATE LUNCHEON/TEACHER BREAKFAST - ALLOWS FOR THE RECOGNITION OF HIGH SCHOOL STUDENTS AND TEACHERS FOR THEIR ACCOMPLISHMENTS AND SERVICE TO THE SCHOOL DISTRICT. SEVERAL HUNDRED ATTENDEES ARE INVOLVED IN THESE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Hulbert President/ce | Officer | 40 | $100,000 |
Lindsey Taylor Director | Trustee | 40 | $45,000 |
Jimmy Allen Chair | Officer | 1 | $0 |
James Barnett Past Chair | Trustee | 1 | $0 |
Julie Chandler Director | Trustee | 1 | $0 |
Julie Coonrod Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,204 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,368 |
| Total Program Service Revenue | $191,660 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,258 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,001 |
| 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 | $1,490 |
| Advertising and promotion | $1,016 |
| Office expenses | $8,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,819 |
| Travel | $800 |
| 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 | $11,836 |
| Insurance | $0 |
| All other expenses | $25,254 |
| Total functional expenses | $326,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,867 |
| 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 | $350,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $607,407 |
| Accounts payable and accrued expenses | $3,670 |
| 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 | $122,867 |
| Total liabilities | $126,537 |
| Net assets without donor restrictions | $463,051 |
| Net assets with donor restrictions | $17,819 |
| 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 | $607,407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |