Civic Intelligence

Okolona Area Chamber of Commerce

EIN 64-0295300 • 501(c)6 • Okolona, MS

Profile

To promote the civic, economic and social welfare of the citizens of okolona and chickasaw county, mississippi and to preserve the competitive enterprise system of business by creating a better understanding and appreciation of the importance of the business world and a concern for its problems and creating more intelligent business and public opinion regarding the city, county, state and national legislative and political affairs, encouraging and promoting the expansion and growth of business and the county.

PO Box 446Okolona, MS 38860

okolona.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.00x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.00x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

97th percentile

65%

Higher net margin than 97% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

99th percentile

343%

Faster asset growth than 99% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

634%

Faster revenue growth than 99% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$170,653

Up $132,156 (+343%) from 2023

Liabilities

Down

$509

Down $1,112 (-69%) from 2023

Net Assets

Up

$170,144

Up $133,268 (+361%) from 2023

Operations
Liabilities / Revenue54th percentileNet Margin97th percentile

Revenue

Up

$204,307

Up $176,475 (+634%) from 2023

Expenses

Up

$71,039

Up $25,696 (+57%) from 2023

Net Income

Up

$133,268

Up $150,779 (+861%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2011: $40,304Liabilities 2011: $934Net Assets 2011: $39,3702011Assets 2012: $41,159Liabilities 2012: $827Net Assets 2012: $40,3322012Assets 2013: $45,739Liabilities 2013: $1,260Net Assets 2013: $44,4792013Assets 2014: $49,621Liabilities 2014: $1,802Net Assets 2014: $47,8192014Assets 2015: $45,033Liabilities 2015: $1,182Net Assets 2015: $43,8512015Assets 2016: $41,219Liabilities 2016: $2,072Net Assets 2016: $39,1472016Assets 2017: $45,866Liabilities 2017: $1,913Net Assets 2017: $43,9532017Assets 2018: $39,876Liabilities 2018: $1,473Net Assets 2018: $38,4032018Assets 2019: $46,714Liabilities 2019: $1,245Net Assets 2019: $45,4692019Assets 2020: $55,770Liabilities 2020: $1,064Net Assets 2020: $54,7062020Assets 2021: $62,207Liabilities 2021: $1,210Net Assets 2021: $60,9972021Assets 2022: $55,840Liabilities 2022: $1,453Net Assets 2022: $54,3872022Assets 2023: $38,497Liabilities 2023: $1,621Net Assets 2023: $36,8762023Assets 2024: $170,653Liabilities 2024: $509Net Assets 2024: $170,1442024

Highlighted filing

2024

Assets$170,653
Liabilities$509
Net Assets$170,144
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $50,0302011Expenses 2012: $52,1072012Revenue 2013: $56,216Expenses 2013: $52,069Net Income 2013: $4,1472013Revenue 2014: $56,200Expenses 2014: $52,860Net Income 2014: $3,3402014Revenue 2015: $48,913Expenses 2015: $52,881Net Income 2015: -$3,9682015Revenue 2016: $51,882Expenses 2016: $56,586Net Income 2016: -$4,7042016Revenue 2017: $54,680Expenses 2017: $49,874Net Income 2017: $4,8062017Revenue 2018: $45,512Expenses 2018: $51,062Net Income 2018: -$5,5502018Revenue 2019: $52,119Expenses 2019: $48,053Net Income 2019: $4,0662019Revenue 2020: $41,002Expenses 2020: $31,765Net Income 2020: $9,2372020Revenue 2021: $45,197Expenses 2021: $43,906Net Income 2021: $1,2912021Revenue 2022: $37,390Expenses 2022: $41,550Net Income 2022: -$4,1602022Revenue 2023: $27,832Expenses 2023: $45,343Net Income 2023: -$17,5112023Revenue 2024: $204,307Expenses 2024: $71,039Net Income 2024: $133,2682024

Highlighted filing

2024

Revenue$204,307
Expenses$71,039
Net Income$133,268
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$170,653
Liabilities
$509
Net assets
$170,144
Revenue
$204,307
Expenses
$71,039
Net income
$133,268
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.71$0.01$1.70$2.04$0.71$1.33
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.37$0.28$0.45$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.54$0.37$0.42$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.01$0.61$0.45$0.44$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.41$0.32$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.45$0.52$0.48$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.38$0.46$0.51$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$0.55$0.50$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.02$0.39$0.52$0.57$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.49$0.53$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.02$0.48$0.56$0.53$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.44$0.56$0.52$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.01$0.40$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.01$0.39$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.0
Gross Receipts
$204,307
Mission and Program Overview

Mission

To promote the civic, economic and social welfare of the citizens of okolona and chickasaw county, mississippi and to preserve the competitive enterprise system of business by creating a better understanding and appreciation of the importance of the business world and a concern for its problems and creating more intelligent business and public opinion regarding the city, county, state and national legislative and political affairs, encouraging and promoting the expansion and growth of business and the county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,436$133,531▲ $130,095
Savings and Temporary Cash Investments$29,254$31,296▲ $2,042
Land, Buildings, and Equipment, Net$5,807$5,807→ $0
Other Notes and Loans Receivable, Net-$19-
Total Assets$38,497$170,653▲ $132,156
Liabilities
Other Liabilities$1,621$509▼ $1,112
Total Liabilities$1,621$509▼ $1,112
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,629$138,543▲ $130,914
Net Assets Without Donor Restrictions$29,247$31,601▲ $2,354
Total Net Assets Fund Balance$36,876$170,144▲ $133,268
Total Liabilities and Net Assets / Fund Balance$38,497$170,653▲ $132,156

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,807-$5,807
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Margia MoorePresident
Annie GatesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,808
Program Service Revenue
$0
Investment Income
$3,499
Other Revenue
$0
All Other Contributions
$11,912
Change in Net Assets
$133,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,633
Salaries, Compensation, and Employee Benefits$13,406
Total Fundraising Expense$5,491
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$11,933-$11,933
All Other Expenses$3,491$4,345$1,644$9,480
Other Expenses$3,821$6,575$3,847$3,821
Occupancy-$3,257-$3,257
Fees for Services Accounting-$2,999-$2,999
Travel-$1,665-$1,665
Payroll Taxes-$1,473-$1,473
Insurance-$500-$500
Advertising-$250-$250
Office Expenses-$205-$205
Conferences and Meetings-$39-$39
Total Functional Expenses$32,307$33,241$5,491$71,039
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Withheld$509
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Annie gates p. O. Box 441 okolona, ms 38860 margia moore 621 banner street okolona, ms 38860”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Okolona Area Chamber of Commerce
EIN
64-0295300
Phone
6624475913
Address
PO BOX 446, OKOLONA, MS 38860

Signing Officer

Name
Annie Gates
Title
Treasurer
Phone
6624475913
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annie Gates
Voting Board Members
13
Independent Board Members
0
Employees
1

Preparer

Firm
Watkins Ward and Stafford Pllc
Address
PO BOX 268, OKOLONA, MS 38860
Preparer
Wanda S Ellis CPA
Phone
6624473200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote the civic, economic and social welfare of the citizens of okolona and chickasaw county, mississippi and to preserve the competitive enterprise system of business by creating a better understanding and appreciation of the importance of the business world and a concern for its problems and creating more intelligent business and public opinion regarding the city, county, state and national legislative and political affairs, encouraging and promoting the expansion and growth of business and the county.”

Form 990, Part IX, Line 24E

“Other expenses-nado 3,419 0 0 dues & subscriptions 0 3,095 0 telephone 0 1,087 0 christmas parade 0 0 987 breast cancer awareness 0 0 657 flowers 0 84 0 postage and shipping 0 79 0 halloween 57 0 0 other expense 15 0 0 total 3,491 4,345 1,644”

Form 990, Part XI, Line 9

“Restricted donor 0 restricted donor 0”

Raw XML Appendix270 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO PROMOTE THE CIVIC, ECONOMIC AND SOCIAL WELFARE OF THE CITIZENS OF OKOLONA AND CHICKASAW COUNTY, MISSISSIPPI AND TO PRESERVE THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS BY CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF THE BUSINESS WORLD AND A CONCERN FOR ITS PROBLEMS AND CREATING MORE INTELLIGENT BUSINESS AND PUBLIC OPINION REGARDING THE CITY, COUNTY, STATE AND NATIONAL LEGISLATIVE AND POLITICAL AFFAIRS, ENCOURAGING AND PROMOTING THE EXPANSION AND GROWTH OF BUSINESS AND THE COUNTY.
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IRS990/AllOtherExpensesGrp/ProgramServicesAmt03491
IRS990/AllOtherExpensesGrp/TotalAmt09480
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WATKINS WARD AND STAFFORD PLLC
IRS990/BooksInCareOfDetail/PhoneNum06624473200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0327 WEST MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0OKOLONA
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IRS990/CashNonInterestBearingGrp/BOYAmt03436
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IRS990/CYTotalRevenueAmt0204307
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IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02999
IRS990/FeesForServicesAccountingGrp/TotalAmt02999
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0ANNIE GATES
IRS990/Form990PartVIISectionAGrp/PersonNm1MARGIA MOORE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0178282
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0204307
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0500
IRS990/InsuranceGrp/TotalAmt0500
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03499
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03499
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05807
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05807
IRS990/LandBldgEquipCostOrOtherBssAmt05807
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt010614
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THE CIVIC, ECONOMIC AND SOCIAL WELFARE OF THE CITIZENS OF OKOLONA AND CHICKASAW COUNTY, MISSISSIPPI AND TO PRESERVE THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS BY CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF THE BUSINESS WORLD AND A CONCERN FOR ITS PROBLEMS AND CREATING MORE INTELLIGENT BUSINESS AND PUBLIC OPINION REGARDING THE CITY, COUNTY, STATE AND NATIONAL LEGISLATIVE AND POLITICAL AFFAIRS, ENCOURAGING AND PROMOTING THE EXPANSION AND GROWTH OF BUSINESS AND THE COUNTY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt036876
IRS990/NetAssetsOrFundBalancesEOYAmt0170144
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03257
IRS990/OccupancyGrp/TotalAmt03257
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IRS990/OfficeExpensesGrp/TotalAmt0205
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0ARPA FUNDS EXPENSE
IRS990/OtherExpensesGrp/Desc1ARPA FUNDS - ADMINISTRATI
IRS990/OtherExpensesGrp/Desc2ANNUAL BANQUET
IRS990/OtherExpensesGrp/Desc3JAMMIN IN JUNE
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IRS990/PartialLiquidationInd0false
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ANNIE GATES
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYContributionsGrantsAmt027831
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0509
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES WITHHELD
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05807
IRS990ScheduleD/TotalLiabilityAmt0509
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE THE CIVIC, ECONOMIC AND SOCIAL WELFARE OF THE CITIZENS OF OKOLONA AND CHICKASAW COUNTY, MISSISSIPPI AND TO PRESERVE THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS BY CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF THE BUSINESS WORLD AND A CONCERN FOR ITS PROBLEMS AND CREATING MORE INTELLIGENT BUSINESS AND PUBLIC OPINION REGARDING THE CITY, COUNTY, STATE AND NATIONAL LEGISLATIVE AND POLITICAL AFFAIRS, ENCOURAGING AND PROMOTING THE EXPANSION AND GROWTH OF BUSINESS AND THE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNIE GATES P. O. BOX 441 OKOLONA, MS 38860 MARGIA MOORE 621 BANNER STREET OKOLONA, MS 38860
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER EXPENSES-NADO 3,419 0 0 DUES & SUBSCRIPTIONS 0 3,095 0 TELEPHONE 0 1,087 0 CHRISTMAS PARADE 0 0 987 BREAST CANCER AWARENESS 0 0 657 FLOWERS 0 84 0 POSTAGE AND SHIPPING 0 79 0 HALLOWEEN 57 0 0 OTHER EXPENSE 15 0 0 TOTAL 3,491 4,345 1,644
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RESTRICTED DONOR 0 RESTRICTED DONOR 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
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ReturnHeader/ReturnTs02025-05-08T17:23:21-04:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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