Stillwater Chamber Of Commerce
- Assets
- $5.3m
- Revenue
- $991.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Stillwater, OK
- Founding
- 03/1938
- Data as of
- 12/2020
- EIN
- 73-0470095
Organization Overview
Stillwater Chamber Of Commerce is located in Stillwater, OK. The organization was established in 1938. 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 12/2020, Stillwater Chamber Of Commerce employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stillwater 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 12/2020, Stillwater Chamber Of Commerce generated $991.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $978.1k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE STILLWATER CHAMBER IS THE LEADER IN REPRESENTING BUSINESS AND THE DRIVING FORCE BEHIND THE ECONOMIC DEVELOPMENT OF STILLWATER. THE CHAMBER BUILDS BUSINESS THROUGH EDUCATIONAL PROGRAMS AND ESTABLISHES CONNECTIONS WHILE REPRESENTING BUSINESS AT THE LOCAL, STATE AND FEDERAL LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT - AN AGREEMENT WITH THE CITY OF STILLWATER TO PROVIDE STAFF, ADMINISTRATIVE SERVICES, TRAVEL, AND OTHER SERVICES TO RECRUIT AND ASSIST NEW BUSINESS AND INDUSTRY, AND TO ENCOURAGE EXPANDING OF EXISTING FIRMS.
THE CHAMBER IS ORGANIZED TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE STILLWATER AREA SO ITS CITIZENS AND ALL AREAS OF THE COMMUNITY SHALL PROSPER. ALL NECESSARY MEANS OF PROMOTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE AGRICULTURAL, CIVIC, COMMERCIAL, CULTURAL, ECONOMIC, EDUCATIONAL AND INDUSTRIAL INTERESTS OF THE AREA.
LEADERSHIP STILLWATER IS A PROGRAM DESIGNED TO IDENTIFY, MOTIVATE AND PLACE EMERGING COMMUNITY LEADERS TO ASSIST IN DEVELOPING THEIR POTENTIAL. THIS IS ACCOMPLISHED BY STIMULATING AN INTEREST IN STILLWATER AND BY PROVIDING A COMMON MEETING GROUND OF SHARED CONCERNS AMONG LEADERS FROM ALL SECTORS OF THE COMMUNITY. LSW PREPARES PARTICIPANTS FOR MORE ACTIVE INVOLVEMENT IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Minges President/ceo | 40 | $133,627 | |
Drew Beverage Chairman | OfficerTrustee | 0 | $0 |
Cade Crawford Imm Past Chair | OfficerTrustee | 0 | $0 |
Justin Hazzard Treasurer | OfficerTrustee | 0 | $0 |
Paul Priegel Director | Trustee | 0 | $0 |
Michelle Nabors Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| 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 | $25,000 |
| Total Program Service Revenue | $688,988 |
| Investment income | $15,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $157,830 |
| Net Gain/Loss on Asset Sales | $49,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,635 |
| 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. | $133,627 |
| Compensation of current officers, directors, key employees. | $53,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $410,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,300 |
| Fees for services: Accounting | $26,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,487 |
| Office expenses | $3,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,990 |
| Travel | $2,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,264 |
| Insurance | $14,222 |
| All other expenses | $38,948 |
| Total functional expenses | $978,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,740 |
| Savings and temporary cash investments | $1,669,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,338 |
| 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 | $16,936 |
| Net Land, buildings, and equipment | $3,507,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $5,250,506 |
| Accounts payable and accrued expenses | $61,014 |
| Grants payable | $0 |
| Deferred revenue | $264,543 |
| 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 | $2,041,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,367,497 |
| Net assets without donor restrictions | $2,883,009 |
| 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 | $5,250,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Convention & Visitors Bureau Dallas, TX | $16,156,055 | $23,486,746 |
Houston Association Of Realtors Houston, TX | $18,624,507 | $23,447,617 |
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |