Edmond Chamber Of Commerce Inc
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Edmond, OK
- Founding
- 02/1975
- Data as of
- 12/2023
- EIN
- 73-0544087
Organization Overview
Edmond Chamber Of Commerce Inc is located in Edmond, OK. The organization was established in 1975. 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, Edmond Chamber Of Commerce Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edmond Chamber Of Commerce Inc 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, Edmond Chamber Of Commerce Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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 EDMOND AREA CHAMBER OF COMMERCE IS A VOICE FOR BUSINESS. WE ENHANCE ECONOMIC OPPORTUNITY AND QUALITY OF LIFE IN EDMOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SUPPORT - THE CHAMBER CONTINUALLY STRIVES TO DEVELOP NETWORKING, MARKETING, EDUCATIONAL AND ADVOCACY OPPORTUNITIES FOR ITS MEMBERS.
ANNUAL BANQUET - THE ANNUAL AWARDS BANQUET IS HELD TO HONOR CHAMBER AND COMMUNITY LEADERS AND VOLUNTEERS FOR THE YEAR. THE MOST PRESTIGIOUS AWARD IS THE SMALL BUSINESS OF THE YEAR AWARD, FOR WHICH 50 BUSINESSES ARE TYPICALLY NOMINATED. BASED ON THEIR WRITTEN APPLICATIONS, 3 FINALISTS ARE NAMED AND THEN THOSE FINALISTS GO THROUGH AN INTERVIEW PROCESS. THE WOMAN OF THE YEAR AWARD, YOUNG PROFESSIONAL OF THE YEAR AWARD, AND COMMUNITY CITIZEN OF THE YEAR YOUNG PROFESSIONAL OF THE YEAR AWARD, AND COMMUNITY CITIZEN OF THE YEAR
LEADERSHIP EDMOND IS A LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO PROVIDE COMMUNITY LEADERS WITH A DEEPER UNDERSTANDING OF THE CRITICAL ISSUES AFFECTING THE EDMOND AREA. THE PROGRAM BEGINS WITH A TWO DAY OVERNIGHT RETREAT WHICH FOCUSES ON COMMUNITY LEADERSHIP SKILLS. THE REMAINING 8 DAY LONG SESSIONS MEET ONCE A MONTH AND EACH FOCUS ON A SPECIFIC COMMUNITY TOPIC SUCH AS CITY GOVERNMENT, EDUCATION, HEALTH AND WELLNESS, STATE GOVERNMENT, AND CULTURE / RECREATION. CLASS SIZE IS LIMITED TO 35 INDIVIDUALS. CLASS MEMBERS ARE SELECTED TO REPRESENT A BROAD RANGE OF OCCUPATIONS AND BACKGROUNDS. PARTICIPANTS RECEIVE IN-DEPTH EXPOSURE TO THE CRITICAL ISSUES FACING THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Jordan President & CEO | Officer | 40 | $181,643 |
Leslie Buford Chairwoman | OfficerTrustee | 3 | $0 |
Hj Reed Immediate Past Chair | OfficerTrustee | 3 | $0 |
Shandy Belford Chair-Elect / Treasurer | OfficerTrustee | 3 | $0 |
Kenneth Wohl Vice-Chair | OfficerTrustee | 3 | $0 |
Sarah Clutts Vice-Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $897,231 |
| Investment income | $25,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,764 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $103,483 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,491 |
| 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. | $184,493 |
| Compensation of current officers, directors, key employees. | $27,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,306 |
| Pension plan accruals and contributions | $5,326 |
| Other employee benefits | $40,261 |
| Payroll taxes | $45,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $875 |
| Office expenses | $17,411 |
| Information technology | $6,864 |
| Royalties | $0 |
| Occupancy | $85,821 |
| Travel | $22,127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,238 |
| Insurance | $0 |
| All other expenses | $43,556 |
| Total functional expenses | $1,069,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,051 |
| Savings and temporary cash investments | $1,113,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $31,746 |
| Net Land, buildings, and equipment | $327,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,641,723 |
| Accounts payable and accrued expenses | $58,608 |
| Grants payable | $0 |
| Deferred revenue | $355,931 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $414,539 |
| Net assets without donor restrictions | $1,227,184 |
| 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 | $1,641,723 |