Form 990 for tax year 2024
Filed by BROKEN ARROW CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,574,795
- Total expenses
- $1,653,276
- Contributions and grants received
- $976,752
- Grants paid
- $0
- Program service revenue
- $524,933
- Investment income
- $13,620
- Other revenue
- $59,490
- Total assets, end of year
- $825,117
- Total liabilities, end of year
- $345,505
- Net assets or fund balances, end of year
- $479,612
- Program services expenses (Part IX)
- $1,189,944
- Management and general expenses
- $432,515
- Fundraising expenses
- $30,817
- Program service expenses (Part III)
- $1,189,944
Program services were 72.0% 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.
-
1b · Membership dues
$347,931
-
1c · Fundraising events
$561,411
-
1e · Government grants (contributions)
$5,875
-
1f · All other contributions, gifts and grants
$61,535
-
2a · Program service revenue: Economic Development
total $514,479 · related or exempt $514,479
-
2f · All other program service revenue
total $10,454 · related or exempt $10,454
-
3 · Investment income
total $13,620 · excluded $13,620
-
8a · Fundraising events: gross income
$654,551
-
8a · Fundraising events: contributions included on line 1c
$561,411
-
8b · Fundraising events: direct expenses
$595,061
-
8c · Net income from fundraising events
total $59,490 · excluded $59,490
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $974,114 · program services $770,195 · management and general $180,746 · fundraising $23,173
-
8 · Pension plan contributions
total $33,646 · program services $26,603 · management and general $6,243 · fundraising $800
-
9 · Other employee benefits
total $66,462 · program services $52,550 · management and general $12,331 · fundraising $1,581
-
10 · Payroll taxes
total $74,700 · program services $59,063 · management and general $13,860 · fundraising $1,777
-
11a · Fees: management
total $13,500 · management and general $13,500
-
11g · Fees: other
total $68,320 · program services $36,052 · management and general $31,184 · fundraising $1,084
-
12 · Advertising and promotion
total $49,794 · program services $49,794
-
13 · Office expenses
total $82,283 · program services $26,602 · management and general $54,881 · fundraising $800
-
16 · Occupancy
total $61,438 · program services $32,420 · management and general $28,043 · fundraising $975
-
17 · Travel
total $41,736 · management and general $41,736
-
19 · Conferences, conventions and meetings
total $16,153 · program services $8,524 · management and general $7,373 · fundraising $256
-
22 · Depreciation, depletion and amortization
total $12,962 · management and general $12,962
-
23 · Insurance
total $18,984 · management and general $18,984
-
24a · Other expenses: Total Resource Campaign
total $103,456 · program services $103,456
-
24b · Other expenses: Memberships & Subscript
total $23,382 · program services $12,339 · management and general $10,672 · fundraising $371
-
24c · Other expenses: Equipment Purchases
total $2,075 · program services $2,075
-
24e · All other expenses
total $10,271 · program services $10,271
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,332 · end of year $85,414
-
2 · Savings and temporary cash investments
beginning of year $502,115 · end of year $421,011
-
4 · Accounts receivable
beginning of year $24,512 · end of year $66,184
-
9 · Prepaid expenses and deferred charges
beginning of year $101,264 · end of year $79,928
-
10a · Land, buildings and equipment: cost or other basis
$256,034
-
10b · Land, buildings and equipment: accumulated depreciation
$220,328
-
10c · Land, buildings and equipment, net
beginning of year $32,584 · end of year $35,706
-
12 · Investments: other securities
beginning of year $154,893 · end of year $108,919
-
14 · Intangible assets
end of year $27,955
-
17 · Accounts payable and accrued expenses
beginning of year $46,135 · end of year $21,729
-
19 · Deferred revenue
beginning of year $234,472 · end of year $294,022
-
24 · Unsecured notes and loans payable
end of year $29,754
-
27 · Net assets without donor restrictions
beginning of year $558,093 · end of year $479,612
Mission and programs · 2024
Mission
Promotes economic development, education, leadership development and advocacy for its members and promotes and supports quality of life measures for the residents of Broken Arrow to ensure quality business and community development
-
Created and operated city-wide and multi county economic development programs and activities that result in the creation and retention of jobs and capital in the city of Broken Arrow and surrounding area
Expenses $1,189,944 · Revenue $524,933
As filed on the 2024 return.
Listed in Part VII
-
Michael Gordon
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Ben Buie
Chair Elect
- Total calculated
- $0
- Hours/week
- 2
-
Aaron Morris
Past Chair
- Total calculated
- $0
- Hours/week
- 2
-
Ted Cundiff
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Eric Bohne
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Rosie Kramer
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jim Norton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mike Scrimsher
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brittany Littleton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alvin Bailey
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mike Cooper
Director
- Total calculated
- $0
- Hours/week
- 2
-
Celia Deleon
Director
- Total calculated
- $0
- Hours/week
- 2
-
Farrah Fulps
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tiffani Bruton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Terry Cupp
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tonya Ellison
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bret Grady
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dr Scott Hibbits
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mike Rice
Director
- Total calculated
- $0
- Hours/week
- 2
-
Davis Robson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lauren Smith
Director
- Total calculated
- $0
- Hours/week
- 2
-
Walter Still
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kristi Spaethe
Director
- Total calculated
- $0
- Hours/week
- 2
-
Derek Steeley
Director
- Total calculated
- $0
- Hours/week
- 2
-
Debra Wimpee
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer Conway
President/CEO
- Total calculated
- $156,760
- From this org
- $156,760
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $61,522
- Bonus
- $0
- Other
- $95,238
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $156,760
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Broken Arrow Economic Development Corp
501(C)(6) · Economic Development · OK
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523009349301257
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