Chamber Of Commerce Metropolitan Tulsa
- Assets
- $13.2m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Tulsa, OK
- Founding
- 07/1938
- Data as of
- 12/2023
- EIN
- 73-0488250
Organization Overview
Chamber Of Commerce Metropolitan Tulsa is located in Tulsa, 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 12/2023, Chamber Of Commerce Metropolitan Tulsa employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Metropolitan Tulsa 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 Metropolitan Tulsa generated $11.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $13.5m during the year ending 12/2023. 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 TULSA REGIONAL CHAMBER IS THE PRINCIPAL BUSINESS-DRIVEN LEADERSHIP ORGANIZATION IMPROVING THE QUALITY OF COMMUNITY LIFE THROUGH THE DEVELOPMENT OF REGIONAL ECONOMIC PROSPERITY. FOR MORE THAN 100 YEARS, THE TULSA REGIONAL CHAMBER HAS SERVED AS AN INTEGRAL PART OF WHAT MAKES OUR COMMUNITY A GREAT PLACE TO LIVE, WORK AND PLAY. EVERY STRATEGY, PROGRAM AND SERVICE IS CREATED SPECIFICALLY TO PROVIDE A POSITIVE, YEAR-END DIVIDEND, AND WE ARE 100 PERCENT FOCUSED ON RESULTS THAT TRANSLATE DIRECTLY TO OUR CUSTOMERS--OUR 1,721 MEMBERS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REPRESENT BUSINESS AND INVOLVE COMMUNITY LEADERSHIP FOR THE POSITIVE DEVELOPMENT OF THE REGIONAL ECONOMY, QUALITY OF LIFE, AND GENERAL BUSINESS CLIMATE IN THE METROPOLITAN TULSA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Biolchini Director | Trustee | 0.3 | $0 |
Jennifer Jezek Director | Trustee | 0.3 | $0 |
Kevin Gross Director | Trustee | 0.3 | $0 |
Steve Soule Director | Trustee | 0.3 | $0 |
Melinda Stinnett Director | Trustee | 0.3 | $0 |
Mikeale Campbell Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metropolitan Tulsa Investments Rent | 12/30/23 | $362,104 |
Development Counsellors International Marketing | 12/30/23 | $532,233 |
Rollins Communications Media Communications | 12/30/23 | $340,874 |
Arabian Horse Association Payment For Event | 12/30/23 | $301,500 |
Bok Center Payment For Event | 12/30/23 | $272,851 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,788,144 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $381,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,613,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,783,163 |
| Total Program Service Revenue | $3,768,344 |
| Investment income | $4,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,163 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,973,096 |
| 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. | $1,262,081 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,497,494 |
| Pension plan accruals and contributions | $112,584 |
| Other employee benefits | $399,980 |
| Payroll taxes | $429,495 |
| Fees for services: Management | $144,702 |
| Fees for services: Legal | $62,263 |
| Fees for services: Accounting | $65,440 |
| Fees for services: Lobbying | $105,417 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $817,712 |
| Advertising and promotion | $1,564,139 |
| Office expenses | $178,945 |
| Information technology | $446,852 |
| Royalties | $0 |
| Occupancy | $302,482 |
| Travel | $683,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $952,009 |
| Interest | $107,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,032 |
| Insurance | $86,577 |
| All other expenses | $299,127 |
| Total functional expenses | $13,545,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,094,669 |
| Savings and temporary cash investments | $949,022 |
| Pledges and grants receivable | $2,537,469 |
| Accounts receivable, net | $1,565,625 |
| 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 | $215,859 |
| Net Land, buildings, and equipment | $184,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,640,235 |
| Total assets | $13,187,348 |
| Accounts payable and accrued expenses | $610,749 |
| Grants payable | $0 |
| Deferred revenue | $2,459,808 |
| 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 | $5,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,774,405 |
| Total liabilities | $6,850,943 |
| Net assets without donor restrictions | -$24,811 |
| Net assets with donor restrictions | $6,361,216 |
| 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 | $13,187,348 |