Ardmore Chamber Of Commerce Inc
- Assets
- $1.2m
- Revenue
- $505.7k
- Investments
- $0.0
- Employees
- 16
- Location
- Ardmore, OK
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 73-0130860
Organization Overview
Ardmore Chamber Of Commerce Inc is located in Ardmore, OK. The organization was established in 1942. 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, Ardmore Chamber Of Commerce Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ardmore 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, Ardmore Chamber Of Commerce Inc generated $505.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $568.3k during the year ending 12/2022. 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 ENCOURAGE, FOSTER AND STIMULATE COMMERCE, TRADE, BUSINESS FINANCE AND PROFESSIONAL INTERESTS: TO STIMULATE, ENCOURAGE AND PROMOTE COOPERATION AND EXCHANGE AMONG BUSINESSES; TO PROMOTE, ADVANCE AND STIMULATE CIVIC, BUSINESS, COMMERCIAL, INDUSTRIAL AND AGRICULTURAL INTERESTS AND QUALITY OF LIFE IN AND AROUND THE CITY OF ARDMORE, OKLAHOMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, FOSTER AND STIMULATE COMMERCE, TRADE, BUSINESS FINANCE AND PROFESSIONAL INTERESTS; TO STIMULATE, ENCOURAGE AND PROMOTE COOPERATION AND EXCHANGE AMONG BUSINESSES; TO PROMOTE, ADVANCE AND STIMULATE CIVIC, BUSINESS, COMMERCIAL, INDUSTRIAL AND AGRICULTURAL INTERESTS AND QUALITY OF LIFE IN AND AROUND THE CITY OF ARDMORE, OKLAHOMA
COMMUNITY DEVELOPMENTOBJECTIVE: ENHANCE INDUSTRIAL DEVELOPMENT FOR ARDMORE, OKMEMBERSHIP DEVELOPMENTOBJECTIVE: INCREASE, MAINTAIN MEMBERSHIP, AND ENHANCE VALUE OF MEMBERSHIP FOR 649 MEMBERS
GOVERNMENTAL AFFAIRS DEVELOPMENTOBJECTIVE: PROVIDE MEMBERS AND COMMUNITY WITH A FORUM FOR DISCUSSION OF ISSUES AFFECTING ARDMORE, OKLAHOMA AND PROVIDE REPRESENTATION FOR BUSINESS COMMUNITY WITH LEGISLATIVE AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Hill Governmental Affairs | OfficerTrustee | 1 | $0 |
Justin Landgraf Director | Trustee | 1 | $0 |
Will Trisciani Director | Trustee | 1 | $0 |
Dianne West Director | Trustee | 1 | $0 |
Carey Baldwin Education | OfficerTrustee | 1 | $0 |
Richard Delano Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $248,565 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,565 |
| Total Program Service Revenue | $245,786 |
| Investment income | $12,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$914 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $505,661 |
| 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. | $158,972 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $550,453 |
| Pension plan accruals and contributions | $6,184 |
| Other employee benefits | $49,042 |
| Payroll taxes | $52,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$513,541 |
| Advertising and promotion | $0 |
| Office expenses | $93,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $2,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,677 |
| Insurance | $3,624 |
| All other expenses | $15,318 |
| Total functional expenses | $568,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,608 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $14,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,558 |
| Other assets | $0 |
| Total assets | $1,150,764 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,547 |
| Total liabilities | $3,547 |
| Net assets without donor restrictions | $1,147,217 |
| 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 | $1,150,764 |