Form 990 for tax year 2023
Filed by CHAMBER OF COMMERCE FOUNDATION INC.
Totals
- Total revenue
- $795,003
- Total expenses
- $463,914
- Contributions and grants received
- $161,651
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $12,217
- Other revenue
- $621,135
- Total assets, end of year
- $8,119,798
- Total liabilities, end of year
- $3,091,523
- Net assets or fund balances, end of year
- $5,028,275
- Program services expenses (Part IX)
- $406,944
- Management and general expenses
- $56,970
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $406,944
Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$59,456
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$92,195
-
3 · Investment income
total $12,217 · excluded $12,217
-
6a · Gross rents
real property $565,776
-
6c · Rental income or loss
real property $565,776
-
6d · Net rental income or loss
total $565,776 · excluded $565,776
-
8a · Fundraising events: gross income
$79,184
-
8a · Fundraising events: contributions included on line 1c
$59,456
-
8b · Fundraising events: direct expenses
$30,176
-
8c · Net income from fundraising events
total $49,008 · excluded $49,008
-
11a · Other revenue: MISC INCOME
total $6,351 · excluded $6,351
-
11e · Other revenue, total
$6,351
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $7,215 · program services $245 · management and general $6,970
-
12 · Advertising and promotion
total $3,720 · program services $3,720
-
16 · Occupancy
total $1,714 · program services $1,714
-
20 · Interest
total $248,202 · program services $248,202
-
22 · Depreciation, depletion and amortization
total $13,059 · program services $13,059
-
24a · Other expenses: DIRECT PROGRAM COSTS
total $76,424 · program services $76,424
-
24b · Other expenses: FOL
total $63,125 · program services $63,125
-
24c · Other expenses: OTHER EXPENSES
total $50,455 · program services $455 · management and general $50,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $365,337 · end of year $440,770
-
4 · Accounts receivable
beginning of year -$400
-
10a · Land, buildings and equipment: cost or other basis
$693,552
-
10b · Land, buildings and equipment: accumulated depreciation
$258,897
-
10c · Land, buildings and equipment, net
beginning of year $447,714 · end of year $434,655
-
11 · Investments: publicly traded securities
beginning of year $424,469 · end of year $374,469
-
12 · Investments: other securities
beginning of year $13,214 · end of year $13,955
-
15 · Other assets
beginning of year $6,855,949 · end of year $6,855,949
-
23 · Secured mortgages and notes payable
beginning of year $3,409,097 · end of year $3,091,523
-
27 · Net assets without donor restrictions
beginning of year $4,115,063 · end of year $4,222,387
-
28 · Net assets with donor restrictions
beginning of year $582,123 · end of year $805,888
Mission and programs · 2023
Mission
THE CHAMBER OF COMMERCE FOUNDATION IMPROVES THE LIVES OF CITIZENS LIVING IN THE ARDMORE AREA BY IMPROVING EDUCATION, BEAUTIFYING THE CITY AND SUPPORTING LOCAL CHARITABLE ORGANIZATIONS
Activities or mission (Part I)
THE CHAMBER OF COMMERCE FOUNDATION IMPROVES THE LIVES OF CITIZENS LIVING IN THE ARDMORE AREA BY IMPROVING EDUCATION, BEAUTIFYING THE CITY AND SUPPORTING LOCAL CHARITABLE ORGANIZATIONS.
-
FOUNDATION GENERAL-BEAUTIFICATION, CULTURAL AND ASSISTING LOCAL COMMUNITY GROUPS TO CONTRIBUTE TO THEIR COMMUNITY BY ADMINISTERING VARIOUS SMALL PROGRAMS
Expenses $329,046
-
EDUCATION-EDUCATION INITIATIVES, PIE PARTNERS IN EDUCATION, OKLAHOMA SCHOLARS TO PROMOTE EXCELLENCE IN EDUCATION
Expenses $1,714
-
LEADERSHIP-TO EDUCATE AND PROMOTE COMMUNITY LEADERS AND ENCOURAGE PARTICIPATION IN LEADERSHIP ROLES AND TO PROVIDE NETWORKING OPPORTUNITIES FOR ARDMORE'S YOUNG PROFESSIONALS
Expenses $63,125
-
PROMOTE SMALL NON-PROFITS
Expenses $13,059
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Blake BushBLAKE BUSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Tyler HillisTYLER HILLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Clayton LodesCLAYTON LODES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Mita BatesMITA BATES
CHAIRMAN ELE
- Total calculated
- $0
- Hours/week
- 0.5
-
Beth CocchiarellaBETH COCCHIARELLA
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill MurphyBILL MURPHY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Al SchneiderAL SCHNEIDER
CHAIRMAIN OF
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442829349301319
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