Chamber Of Commerce Metropolitan Tulsa
- Assets
- $9.3m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 55
- Location
- Tulsa, OK
- Founding
- 07/1938
- Data as of
- 12/2021
- 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 12/2021, Chamber Of Commerce Metropolitan Tulsa employed 55 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 12/2021, Chamber Of Commerce Metropolitan Tulsa generated $10.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A LEADERSHIP ORGANIZATION IMPROVING THE QUALITY OF COMMUNITY LIFE THROUGH THE DEVELOPMENT OF REGIONAL ECONOMIC PROSPERITY.
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 |
|---|---|---|---|
Mike Neal President & CEO | Officer | 40 | $575,933 |
Justin Mclaughlin Evp & COO | 40 | $303,073 | |
Raymond Hoyt SVP Regional Tourism | 40 | $246,197 | |
Arthur Jackson SVP Economic Development | 40 | $189,265 | |
Allison Walden SVP Resource Development | 40 | $163,517 | |
Jim Morgan SVP Communications | 40 | $146,079 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabian Horse Association Payment For Event | 12/30/21 | $610,000 |
Rollins Communications Media Communications | 12/30/21 | $339,408 |
World Triathlon Payment For Event | 12/30/21 | $340,000 |
Metropolitan Tulsa Investments Rent | 12/30/21 | $339,073 |
Expo Square Payment For Event | 12/30/21 | $191,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,547,268 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,258,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,811,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,617,117 |
| Total Program Service Revenue | $4,061,295 |
| Investment income | $108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,836 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,228,951 |
| 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. | $757,169 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,183,763 |
| Pension plan accruals and contributions | $120,505 |
| Other employee benefits | $417,282 |
| Payroll taxes | $327,806 |
| Fees for services: Management | $36,055 |
| Fees for services: Legal | $7,638 |
| Fees for services: Accounting | $64,760 |
| Fees for services: Lobbying | $110,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,382,956 |
| Advertising and promotion | $1,271,025 |
| Office expenses | $56,083 |
| Information technology | $230,543 |
| Royalties | $0 |
| Occupancy | $321,512 |
| Travel | $378,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $697,175 |
| Interest | $1,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,460 |
| Insurance | $76,471 |
| All other expenses | $179,340 |
| Total functional expenses | $11,264,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,380,139 |
| Savings and temporary cash investments | $1,023,745 |
| Pledges and grants receivable | $2,103,353 |
| Accounts receivable, net | $1,146,912 |
| 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 | $191,211 |
| Net Land, buildings, and equipment | $355,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,052,611 |
| Total assets | $9,253,345 |
| Accounts payable and accrued expenses | $647,859 |
| Grants payable | $0 |
| Deferred revenue | $1,555,087 |
| 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 | $41,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,071,629 |
| Total liabilities | $4,316,140 |
| Net assets without donor restrictions | $107,115 |
| Net assets with donor restrictions | $4,830,090 |
| 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 | $9,253,345 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chamber Of Commerce Metropolitan Tulsa has recieved totaling $51,337.
| Awarding Organization | Amount |
|---|---|
Oklahoma Business Roundtable Incorporated Oklahoma City, OK PURPOSE: ECONOMIC DEVELOPMENT - PGA | $43,137 |
Oral Roberts University Tulsa, OK PURPOSE: COMMUNITY SUPPORT | $8,200 |
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 |