Chamber Of Commerce Of Seminole is located in Seminole, OK. The organization was established in 1941. 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 12/2023, Chamber Of Commerce Of Seminole employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of Seminole 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 12/2023, Chamber Of Commerce Of Seminole generated $194.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $166.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. 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
FURTHER ECONOMIC GROWTH AND DEVELOPMENT OF THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE IN OKLAHOMA FESTIVAL - ONE DAY COMMUNITY EVENT DESIGNED TO SHOWCASE BUSINESSES AND THEIR PRODUCTS ACROSS OKLAHOMA. SERVED 5,000 TO 7,000 PEOPLE.
4TH OF JULY CELEBRATION - ANNUAL EVENT THAT PROVIDES LIVE ENTERTAINMENT, FIREWORKS, AND FAMILY ACTIVITIES FREE OF CHARGE TO THE PUBLIC. 4,500 TO 5,000 PEOPLE WERE SERVED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amy Britt Executive Director | Officer | 40 | $56,333 |
Shelly Pogue Past Chair | OfficerTrustee | 1 | $0 |
Rodney Sutterfield Chair | OfficerTrustee | 1 | $0 |
Margaret Scallorn Chair Elect | OfficerTrustee | 1 | $0 |
Mitch Enos Treasurer | OfficerTrustee | 1 | $0 |
Darren Frederick Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $49,161 |
Fundraising events | $38,056 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $83,159 |
Noncash contributions included in lines 1a–1f | $9,124 |
Total Revenue from Contributions, Gifts, Grants & Similar | $170,376 |
Total Program Service Revenue | $13,396 |
Investment income | $745 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$10,039 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $194,493 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $500 |
Grants and other assistance to domestic individuals. | $721 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $56,333 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,838 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,474 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,936 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $1,575 |
Fees for services: Investment Management | $1,973 |
Fees for services: Other | $0 |
Advertising and promotion | $8,278 |
Office expenses | $10,270 |
Information technology | $3,983 |
Royalties | $0 |
Occupancy | $15,568 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,312 |
Interest | $2,703 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,302 |
Insurance | $7,412 |
All other expenses | $0 |
Total functional expenses | $166,598 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $78,072 |
Savings and temporary cash investments | $15,984 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,371 |
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 | $200,826 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $304,253 |
Accounts payable and accrued expenses | $2,672 |
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 | $96,848 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $99,520 |
Net assets without donor restrictions | $204,733 |
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 | $304,253 |