Chamber Of Commerce Of Seminole
- Assets
- $304.3k
- Revenue
- $194.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Seminole, OK
- Founding
- 06/1941
- Data as of
- 12/2023
- EIN
- 73-0441200
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |