Davis Chamber Of Commerce
- Assets
- $193.5k
- Revenue
- $139.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Davis, OK
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 73-0714608
Organization Overview
Davis Chamber Of Commerce is located in Davis, OK. The organization was established in 2005. 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, Davis Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davis 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 12/2023, Davis Chamber Of Commerce generated $139.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $157.5k during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 8 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
DAVIS CHAMBER OF COMMERCE IS A NON PROFIT ORGANIZATION OF BUSINESSES WHOSE MISSION IS TO PROMOTE BUSINESS, ECONOMIC DEVELEMENT,AND TOURISM AND TO MAKE DAVIS AND THE SURROUNDING AREA A BETTER PLACE TO LIVE, WORK, AND TO CONDUCT BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE POPULATION OF DAVIS BY ENCOURAGING AND ORGANIZING THE LOCAL BUSINESSES. THE CHAMBER SPENDS APPROX 50% OF THER EFFORTS MARKETING THE COMMUNITY AND ITS BUSINESSES BY TELEPHONE, EMAIL, MAIL AND IN PERSON. OUR LOBBY IS ALWAYS OPEN AND STOCKED WITH MAPS, LITERATURE, AND BROCHURES ON A DAILY BASIS RESPONDING TO REQUESTS FROM TOURISTS AND INDIVIDUALS RELOCATION TO OUR AREA. WE CONSTANTLY WORK ON OUR WEBSITE TO MAKE SURE IT IS UPDATED WITH CURRENT INFO ON OUR AREA AND LOCAL BUSINESSES.ANOTHER 30% OF OUR EFFORT SPENT IS TOWARD EDUCATING OUR BUSINESSES AND COMMUNITY-WE HAVE TWICE A MONTH MEETING AT NOON WITH GUEST SOEAKERS FRON A VARIETY OF ARES ON VARIOUS TOPICS OF INTEREST THAT PROVIDE AVENUES FOR NETWORKING WITH OTHER BUSINESS OWNERS AND A FORUM TO DISCUSS ISSUES VITAL TO THE BUSINESS COMMUNITY.ANOTHER 10% OF EFFORTS IS DEDICATED TO ECOMONIC DEVELOPEMENT-WHICH MEETS TWICE A MONTH TO WORK TOGETHER TO BRING BUSINESS AND PROMOTE BUSINESS IN DAVIS AND MURRAY C THE CHAMBER SPENDS ANOTHER 10% OF EFFORTS IN FESTIVALS AND FUNDRAISING AS WE DO NOT BRING IN ENOUGH DUES TO SUSTAIN THE SERVICES WE OFFER. AT THE SAME TIME WE PROVIDE ACTIVITIES FOR OUR COMMUNITY SUCH AS SUMMERFEST, A FORTH OF JULY CELEBRATION IS A YEARLY EVENT.WE OFFER LIVE MUSIC, FIREWORKS, FOOD BOOTHES, CHILDRENS GAMES,FREE WATERMELON, AND LUMINARIES TO HONOR OUR VETERANS. WE PROVIDE ENTERTAINMENT AND MEMORIES FOR OUR LOCAL RESIDENTS AS WELL AS TOURISTS VISITING TURNER FALLS PARK AND THE CHICKASAW NATIONAL RECREATION AREA. WE HAVE CHRISTMAS ACTIVITIES AND COUNTY WIDE GARAGE SALE WHICH BRINGS IN MONEY FOR OUR GENERAL OPERATING FUND AND AT THE SAME TIME BRINGS IN PEOPLE TO SHOP, EAT, AND STAY IN OUR TOWN AND SURROUND AREA.THESE EVENTS ARE ACCOMPLISHIHED BY THE EXECUTIVE DIRECTOR, PART TIME SECRETARY, AND VOLUNTEER CHAMBER MEMBERS. WE FUTHER OUR TAX EXEMPT STATUS BY PROVIDING EVENTS THAT BRING IN TOURIST TO OKLAHOMA AND OUR AREAS AND PROVIDE COMMUNITY ACTIVIES IN OU
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Baldwin Former Director | 0 | $41,357 | |
Melissa R Shaw-Branch Former Receptionist | 20 | $4,632 | |
Lauren M Payne Director | Trustee | 0 | $3,817 |
Arlene M Curtis Temporary Employee | Officer | 0 | $1,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,081 |
| Fundraising events | $97,468 |
| Related organizations | $20,144 |
| 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 | $139,693 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $139,698 |
| 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. | $1,720 |
| Compensation of current officers, directors, key employees. | $1,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,853 |
| Advertising and promotion | $1,752 |
| Office expenses | $8,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,368 |
| 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 | $4,000 |
| Insurance | $0 |
| All other expenses | $5,723 |
| Total functional expenses | $157,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,189 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $92,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,510 |
| Total assets | $193,532 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $193,532 |
| Total liabilities and net assets/fund balances | $193,532 |