Olney Board Of Industry & Commerce
- Assets
- $53.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, TX
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 75-1437450
Organization Overview
Olney Board Of Industry & Commerce is located in Olney, TX. The organization was established in 1978. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olney Board Of Industry & 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 12/2021, Olney Board Of Industry & Commerce generated $73.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $81.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diedre Brown Executive Dir. | 40 | $23,000 | |
Tammy Montgomery Vice President | 1 | $0 | |
Lacey Bullock Secretary | 1 | $0 | |
Dan Branum VP Of Finance | 1 | $0 | |
Jason Pack Director | 1 | $0 | |
Tatum Wiley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,996 |
| Total Program Service Revenue | $8,451 |
| Membership dues | $24,505 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,994 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,829 |
| Professional fees and other payments to independent contractors | $1,020 |
| Occupancy, rent, utilities, and maintenance | $13,961 |
| Printing, publications, postage, and shipping | $731 |
| Other expenses | $39,484 |
| Total expenses | $81,025 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,441 |
| Other assets | $0 |
| Total assets | $53,342 |
| Total liabilities | $960 |
| Net assets or fund balances | $52,382 |