Lawton Chamber Of Commerce
- Assets
- $2.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Lawton, OK
- Founding
- 03/1971
- Data as of
- 06/2023
- EIN
- 73-0322015
Organization Overview
Lawton Chamber Of Commerce is located in Lawton, OK. The organization was established in 1971. 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 06/2023, Lawton Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawton 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 06/2023, Lawton Chamber Of Commerce generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 0.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER IS INCORPORATED AND ORGANIZED TO PROMOTE AND ADVANCE THE COMMERCIAL, INDUSTRIAL, RECREATIONAL, AGRICULTURAL, HEALTH, EDUCATIONAL, SOCIAL, AND PROFESSIONAL ACTIVITIES OF THE PEOPLE OF THE LAWTON FORT SILL COMMUNITY. THEIR OBJECTIVES INCLUDE: COLLECTING AND COMPILING INFORMATION OF VALUE TO THE GROWTH AND WELFARE OF THE FT SILL AREA; ENCOURAGING AND AIDING THE DEVELOPMENT OF EXISTING BUSINESS AND INDUSTRY, AND ESTABLISHING VIABLE ECONOMIC DEVELOPMENT PROGRAMS; AND AFFIRMING THE FRIENDSHIP BETWEEN LAWTON AND FT SILL WHILST FUTHERING THE INTERESTS OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND ADVANCE THE BUSINESS, COMMERCIAL, ECONOMIC, FINANCIAL, PROFESSIONAL, CULTURAL, EDUCATIONAL, AND CIVIC WELFARE OF THE CITY OF LAWTON FORT SILL, ITS TRADE TERRITORY, ITS CIVIC NEIGHBORS AND ENVIRONMENTS.
PROVIDE PROFESSIONAL SERVICES TO THE CITY OF LAWTON, OKLAHOMA, THAT WILL ENCOURAGE AND PROMOTE TOURISM AND CONVENTION ACTIVITIES THROUGH PROVIDING VISIBILITY FOR THE COMMUNITY, DISTRIBUTING INFORMATION TO VISITORS AND SEEKING OPPORTUNITIES FOR DRAWING VISITORS TO LAWTON-FORT SILL BY SUPPORTING CONVENTIONS AND SPECIAL EVENTS, AND ECONOMIC DEVELOPMENT BY SUPPORTING BUSINESS DEVELOPMENT AND LEGISLATIVE GOVERNMENT AFFAIRS IN THE CITY THROUGH BUILDING RELATIONSHIPS BETWEEN THE MILITARY AND CIVILIAN COMMUNITIES, PROMOTING LEGISLATIVE AGENDAS CONDUCIVE TO MAINTAINING AND IMPROVING LAWTON-FORT SILL AS A GREAT PLACE FOR BUSINESSES AND THE MILITARY, AND PROVIDING EVENTS FOR FACE-TO-FACE CONNECTIONS WITH STATE AND FEDERAL LEGISLATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krista Ratliff Former Presi | 40 | $151,295 | |
Christy Clark Immediate Pa | OfficerTrustee | 2 | $0 |
Dustin Hilliary Chairman | OfficerTrustee | 2 | $0 |
Krystal Brue Board Member | Trustee | 2 | $0 |
Austin Rabon Incoming Cha | OfficerTrustee | 2 | $0 |
Tim Hushbeck Vice Chair I | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $387,921 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $819,656 |
| 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 | $1,207,577 |
| Total Program Service Revenue | $496,714 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,006 |
| Net Gain/Loss on Asset Sales | -$207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,744,306 |
| 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 | $146,561 |
| Other salaries and wages | $344,875 |
| Pension plan accruals and contributions | $9,175 |
| Other employee benefits | $23,545 |
| Payroll taxes | $38,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171,356 |
| Office expenses | $17,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,005 |
| Travel | $25,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,654 |
| Insurance | $19,526 |
| All other expenses | $52,458 |
| Total functional expenses | $1,583,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $338,628 |
| 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 | $5,276 |
| Net Land, buildings, and equipment | $1,619,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,568 |
| Total assets | $2,733,179 |
| Accounts payable and accrued expenses | $37,141 |
| Grants payable | $0 |
| Deferred revenue | $236,367 |
| 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 | $670,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,445 |
| Total liabilities | $1,003,238 |
| Net assets without donor restrictions | $1,729,941 |
| 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 | $2,733,179 |