Greater Oklahoma City Chamber Of Commerce
- Assets
- $13.5m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 88
- Location
- Oklahoma City, OK
- Founding
- 05/1943
- Data as of
- 12/2022
- EIN
- 73-0381180
Organization Overview
Greater Oklahoma City Chamber Of Commerce is located in Oklahoma City, OK. The organization was established in 1943. 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, Greater Oklahoma City Chamber Of Commerce employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Oklahoma City 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, Greater Oklahoma City Chamber Of Commerce generated $16.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $16.0m 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
THE VOICE OF BUSINESS AND THE VISIONARY ORGANIZATION IN THE GREATER OKLAHOMA CITY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER OKLAHOMA CITY CHAMBER IS SUPPORTED BY OVER 2,500 MEMBER COMPANIES. PROGRAMS FOCUS ON CREATING A BUSINESS CLIMATE AND POSITIVE IMAGE THAT IS A STRONG FOUNDATION FOR ECONOMIC GROWTH; SUPPORTING COMMUNITY EFFORTS THAT ENHANCE THE OPPORTUNITIES AND AMENITIES FOR RESIDENTS AND VISITORS, AND PROVIDING MEMBERS VALUE-ADDED OPPORTUNITIES TO PROMOTE THEIR BUSINESSES AND ENGAGE IN OUR OVERALL MISSION.
FORWARD OKLAHOMA CITY IS A FIVE YEAR ECONOMIC DEVELOPMENT PROGRAM FOCUSED ON QUALITY JOB GROWTH IN THE REGION. PROGRAMS ARE DESIGNED TO ENHANCE THE COMMUNITY AND THE OVERALL BUSINESS CLIMATE AND RESOURCES TO PROVIDE THE FOUNDATION FOR JOB GROWTH THROUGH EXPANSION OF LOCAL COMPANIES AND ATTRACTION OF NEW EMPLOYERS TO THE COMMUNITY.
THE OKLAHOMA CITY CONVENTION AND VISITORS BUREAU, A DIVISION OF THE GREATER OKLAHOMA CITY CHAMBER OF COMMERCE, INC. WAS CREATED TO ENCOURAGE, PROMOTE, AND FOSTER THE CONVENTION AND TOURISM DEVELOPMENT OF OKLAHOMA CITY. THE FUNDING FOR THE BUREAU ACTIVITIES IS THROUGH AN ANNUAL PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF OKLAHOMA CITY AND THE CHAMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Williams Roy President & CEO | OfficerTrustee | 40 | $614,635 |
Trauschke Sean Chair | OfficerTrustee | 1 | $0 |
Rainbolt David Corporate Secretary | OfficerTrustee | 1 | $0 |
Hart John Treasurer | OfficerTrustee | 1 | $0 |
Bennett Clayton V.c. - Strategic Planning | OfficerTrustee | 1 | $0 |
Hahn Steve V.c. - Membership | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plr Strategies Llc Consulting Services | 12/30/22 | $102,000 |
Cornerstone Government Affairs Inc Consulting Services | 12/30/22 | $108,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $632,000 |
| Government grants | $1,622,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,325,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,580,306 |
| Total Program Service Revenue | $12,159,911 |
| Investment income | $147,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,482 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,856,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,625 |
| 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. | $1,406,782 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,554,111 |
| Pension plan accruals and contributions | $191,635 |
| Other employee benefits | $334,058 |
| Payroll taxes | $385,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,932 |
| Fees for services: Accounting | $85,219 |
| Fees for services: Lobbying | $54,720 |
| Fees for services: Fundraising | $2,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $765,028 |
| Advertising and promotion | $1,931,631 |
| Office expenses | $369,607 |
| Information technology | $436,400 |
| Royalties | $0 |
| Occupancy | $356,664 |
| Travel | $221,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $436,503 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,318 |
| Insurance | $52,952 |
| All other expenses | $0 |
| Total functional expenses | $16,034,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,591,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,071,353 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,448 |
| Prepaid expenses and deferred charges | $470,640 |
| Net Land, buildings, and equipment | $290,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,402 |
| Total assets | $13,484,395 |
| Accounts payable and accrued expenses | $1,442,329 |
| Grants payable | $0 |
| Deferred revenue | $1,742,428 |
| 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 | $1,989,064 |
| Total liabilities | $5,173,821 |
| Net assets without donor restrictions | $7,650,483 |
| Net assets with donor restrictions | $660,091 |
| 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 | $13,484,395 |