Civic Intelligence

Poteau Chamber of Commerce

EIN 73-0534052 • 501(c)6 • Poteau, OK

Profile

Chamber of commerce is a business organization to promote economic development of the community and its members.

501 S Broadway StPoteau, OK 74953

n/A

Siviq Scores

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

Liabilities / Assets

80th percentile

0.18x

Higher debt load relative to assets than 80% of similar nonprofits.

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

Liabilities / Revenue

74th percentile

0.07x

Higher debt load relative to revenue than 74% of similar nonprofits.

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

Net Margin

25th percentile

-16%

Higher net margin than 25% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$72,313

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

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

Asset Growth

22nd percentile

-28%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

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

Assets

Down

$196,464

Down $77,914 (-28%) from 2023

Liabilities

Up

$35,323

Up $21,817 (+162%) from 2023

Net Assets

Down

$161,141

Down $99,731 (-38%) from 2023

Revenue

Up

$498,994

Up $83,009 (+20%) from 2023

Expenses

Up

$581,129

Up $96,360 (+20%) from 2023

Net Income

Down

-$82,135

Down $13,351 (-19%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2010: $183,588Liabilities 2010: $19,695Net Assets 2010: $163,8932010Assets 2011: $197,071Liabilities 2011: $8,442Net Assets 2011: $188,6292011Assets 2012: $188,504Liabilities 2012: $8,146Net Assets 2012: $180,3582012Assets 2013: $192,930Liabilities 2013: $10,281Net Assets 2013: $182,6492013Assets 2014: $206,001Liabilities 2014: $13,226Net Assets 2014: $192,7752014Assets 2015: $231,762Liabilities 2015: $12,863Net Assets 2015: $218,8992015Assets 2016: $225,875Liabilities 2016: $14,186Net Assets 2016: $211,6892016Assets 2017: $249,187Liabilities 2017: $13,166Net Assets 2017: $236,0212017Assets 2018: $174,984Liabilities 2018: $10,165Net Assets 2018: $164,8192018Assets 2019: $145,298Liabilities 2019: $7,864Net Assets 2019: $137,4342019Assets 2020: $252,932Liabilities 2020: $8,430Net Assets 2020: $244,5022020Assets 2021: $251,852Liabilities 2021: $8,623Net Assets 2021: $243,2292021Assets 2022: $326,018Liabilities 2022: -$1,296Net Assets 2022: $327,3142022Assets 2023: $274,378Liabilities 2023: $13,506Net Assets 2023: $260,8722023Assets 2024: $196,464Liabilities 2024: $35,323Net Assets 2024: $161,1412024

Highlighted filing

2024

Assets$196,464
Liabilities$35,323
Net Assets$161,141

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $125,4792010Expenses 2011: $125,7912011Expenses 2012: $142,9902012Revenue 2013: $147,959Expenses 2013: $145,668Net Income 2013: $2,2912013Revenue 2014: $189,156Expenses 2014: $173,045Net Income 2014: $16,1112014Revenue 2015: $201,826Expenses 2015: $174,602Net Income 2015: $27,2242015Revenue 2016: $168,805Expenses 2016: $176,015Net Income 2016: -$7,2102016Revenue 2017: $206,274Expenses 2017: $182,672Net Income 2017: $23,6022017Revenue 2018: $211,434Expenses 2018: $184,810Net Income 2018: $26,6242018Revenue 2019: $210,965Expenses 2019: $196,039Net Income 2019: $14,9262019Revenue 2020: $243,302Expenses 2020: $207,827Net Income 2020: $35,4752020Revenue 2021: $248,097Expenses 2021: $194,711Net Income 2021: $53,3862021Revenue 2022: $455,961Expenses 2022: $494,695Net Income 2022: -$38,7342022Revenue 2023: $415,985Expenses 2023: $484,769Net Income 2023: -$68,7842023Revenue 2024: $498,994Expenses 2024: $581,129Net Income 2024: -$82,1352024

Highlighted filing

2024

Revenue$498,994
Expenses$581,129
Net Income-$82,135

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.35$1.61$4.99$5.81$0.82
2023Detailed filing. Detailed filing data is available for this year.$2.74$0.14$2.61$4.16$4.85$0.69
2022Detailed filing. Detailed filing data is available for this year.$3.26$0.01$3.27$4.56$4.95$0.39
2021Detailed filing. Detailed filing data is available for this year.$2.52$0.09$2.43$2.48$1.95$0.53
2020Detailed filing. Detailed filing data is available for this year.$2.53$0.08$2.45$2.43$2.08$0.35
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.08$1.37$2.11$1.96$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.10$1.65$2.11$1.85$0.27
2017Detailed filing. Detailed filing data is available for this year.$2.49$0.13$2.36$2.06$1.83$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.26$0.14$2.12$1.69$1.76$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.32$0.13$2.19$2.02$1.75$0.27
2014Detailed filing. Detailed filing data is available for this year.$2.06$0.13$1.93$1.89$1.73$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.93$0.10$1.83$1.48$1.46$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.08$1.80$1.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.08$1.89$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.20$1.64$1.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 2, 2025
Return Version
2024v5.2
Gross Receipts
$498,994
Mission and Program Overview

Mission

Chamber of Commerce

Chamber of commerce is a business organization to promote economic development of the community and its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$260,872$161,141▼ $99,731
Land, Buildings, and Equipment, Net$96,511$92,037▼ $4,474
Cash and Non-Interest-Bearing Accounts$92,304$36,780▼ $55,524
Accounts Receivable-$35,467-
Savings and Temporary Cash Investments$84,688$29,662▼ $55,026
Prepaid Expenses and Deferred Charges$875$2,518▲ $1,643
Receivables From Officers Etc-$0-
Total Assets$274,378$196,464▼ $77,914
Liabilities
Accounts Payable and Accrued Expenses$13,506$35,323▲ $21,817
Total Liabilities$13,506$35,323▲ $21,817
Net Assets / Fund Balance
Total Net Assets Fund Balance$260,872$161,141▼ $99,731
Total Liabilities and Net Assets / Fund Balance$274,378$196,464▼ $77,914

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,899$31,379-
Other Land Buildings$10,938$30,480-
Land$35,200--
Equipment$0$4,717-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
KarenWagesFT$72,313$72,313

Board Members and Trustees

NameTitle
TylerAtkinson
JenniferBelt
HollyBormann
LindseyCooper
MichaelCulwell
ThomasCunningham
DavidDeaton
TracyGerlach
AmyHall
KregHaney
ScottKempenick
AmyLomon
AmadorMartinez
AliciaMinks
SamStacy
MelissaStone
AshbyWatson
Revenue and Support

Revenue Composition

Contributions and Grants
$362,210
Program Service Revenue
$67,272
Investment Income
$3,192
Other Revenue
$66,320
All Other Contributions
$47,839
Change in Net Assets
$-82,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$502,783
Other Expenses$408,583
Salaries, Compensation, and Employee Benefits$172,546
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$38,222$0$245,289$283,511
Other Salaries and Wages$11,263$0$72,278$83,541
Current Officers, Directors, Trustees, and Key Employees$9,749$0$62,564$72,313
Office Expenses$4,165$0$26,731$30,896
Insurance$4,100$0$26,311$30,411
Advertising$4,065$0$26,089$30,154
Travel$1,965$0$12,610$14,575
Payroll Taxes$1,682$0$10,797$12,479
Fees for Services Accounting$1,368$0$8,776$10,144
Depreciation Depletion$1,022$0$6,561$7,583
Pension Plan Contributions$487$0$3,126$3,613
Conferences and Meetings$125$0$800$925
Other Employee Benefits$81$0$519$600
Interest$52$0$332$384
Total Functional Expenses$78,346$0$502,783$581,129
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Balloon Fest$70,901$70,901$111,907$-41,006
Chamber Banquet$45,972$45,972$24,480$21,492
Total Events$172,197$172,197$157,287$14,910
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Poteau Chamber of Commerce
EIN
73-0534052
Phone
9186479178
Address
501 S BROADWAY ST, POTEAU, OK 74953

Signing Officer

Name
Karen Wages
Title
Director
Phone
9186479178
Signed
2025-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Wages
Formed
1912
Legal Domicile
Ok
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
150

Preparer

Firm
Wellswann & Company CPA Pc
Address
603 N BROADWAY ST, POTEAU, OK 74953
Preparer
Nickolas E Wann CPA
Phone
9186478215
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

The Chamber is made up of individual and business members who pay membership dues, volunteer to help with any projects they wish , and who elect the Board of Directors through an annual vote.

Pt VI, Line 7A

The membership is notified annully of the election for Board of Directors, and all members in good standing have opportunity to vote in the election.

Pt VI, Line 7B

The Board of directors meets regularly according to the Open Meeting Laws of Oklahoma. All members are welcome to attend and voice their opinions on any discussions or decisions made.

Pt VI, Line 11B

The tax return will be presented to the governing body for review and will be signed by the executive director before filing.

Pt VI, Line 15A

Employee compensation is reviewed by the executive director after verifying that the compensation is reasonable.

Pt VI, Line 15B

Compensation for all employees, upon recommendation by the executive Director , is reviewed by both the executive/ personnel committee and then by the board of directors.

Pt XII, Line 1

The organization is under the modified cash basis of accounting for federal income tax purposes.

Other

Amended Explanation: $38,747 was incorrectly omitted from other program expenses in original filing.

Pt VI, Line 6

The chamber has members. The members pay dues to the chamber in order that, in unity, the chamber might fulfill its purpose.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8Gerlach
IRS990/Form990PartVIISectionAGrp/TitleTxt9Martinez
IRS990/Form990PartVIISectionAGrp/TitleTxt10Stone
IRS990/Form990PartVIISectionAGrp/TitleTxt11Deaton
IRS990/Form990PartVIISectionAGrp/TitleTxt12Stacy
IRS990/Form990PartVIISectionAGrp/TitleTxt13Cooper
IRS990/Form990PartVIISectionAGrp/TitleTxt14Haney
IRS990/Form990PartVIISectionAGrp/TitleTxt15Hall
IRS990/Form990PartVIISectionAGrp/TitleTxt16Kempenick
IRS990/Form990PartVIISectionAGrp/TitleTxt17Minks
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01912
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0235598
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IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0498994
IRS990/GrossRentsGrp/RealAmt015000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt026311
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt04100
IRS990/InsuranceGrp/TotalAmt030411
IRS990/InterestGrp/FundraisingAmt0332
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt052
IRS990/InterestGrp/TotalAmt0384
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03192
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
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IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipAccumDeprecAmt066576
IRS990/LandBldgEquipBasisNetGrp/BOYAmt096511
IRS990/LandBldgEquipBasisNetGrp/EOYAmt092037
IRS990/LandBldgEquipCostOrOtherBssAmt0158613
IRS990/LegalDomicileStateCd0OK
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IRS990/LocalChaptersInd0false
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IRS990/MembershipDuesAmt078773
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt051320
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt051320
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0CHAMBER OF COMMERCE IS A BUSINESS ORGANIZATION TO PROMOTE ECONOMIC DEVELOPMENT OF THE COMMUNITY AND ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0260872
IRS990/NetAssetsOrFundBalancesEOYAmt0161141
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt015000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt026731
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt04165
IRS990/OfficeExpensesGrp/TotalAmt030896
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0519
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt081
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0600
IRS990/OtherRevenueTotalAmt051320
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt072278
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011263
IRS990/OtherSalariesAndWagesGrp/TotalAmt083541
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt010797
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01682
IRS990/PayrollTaxesGrp/TotalAmt012479
IRS990/PensionPlanContributionsGrp/FundraisingAmt03126
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0487
IRS990/PensionPlanContributionsGrp/TotalAmt03613
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0875
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02518
IRS990/PrincipalOfficerNm0KAREN WAGES
IRS990/PriorPeriodAdjustmentsAmt0-17596
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0813410
IRS990/ProgramServiceRevenueGrp/BusinessCd1926110
IRS990/ProgramServiceRevenueGrp/Desc0Chamber Membership Directory
IRS990/ProgramServiceRevenueGrp/Desc1ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031272
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0The Chamber has an economic development program that teaches young professionals about the local economy and how they can have an impact as the seek out business opertunities in the local economy.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0282982
IRS990/PYInvestmentIncomeAmt0256
IRS990/PYOtherExpensesAmt0344386
IRS990/PYOtherRevenueAmt065154
IRS990/PYProgramServiceRevenueAmt067593
IRS990/PYRevenuesLessExpensesAmt0-68784
IRS990/PYSalariesCompEmpBnftPaidAmt0140383
IRS990/PYTotalExpensesAmt0484769
IRS990/PYTotalRevenueAmt0415985
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-82135
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt015000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0260872
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0161141
IRS990/SavingsAndTempCashInvstGrp/BOYAmt084688
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029662
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt045899
IRS990ScheduleD/BuildingsGrp/DepreciationAmt031379
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt077278
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04717
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt04717
IRS990ScheduleD/LandGrp/BookValueAmt035200
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt035200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010938
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030480
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt041418
IRS990ScheduleD/TotalBookValueLandBuildingsAmt092037
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0157287
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BALLOON FEST
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Chamber Banquet
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt070901
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt045972
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt055324
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0172197
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt070901
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt045972
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt055324
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0172197
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014910
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt020900
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0157287
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0111907
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt024480
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Chamber is made up of individual and business members who pay membership dues, volunteer to help with any projects they wish , and who elect the Board of Directors through an annual vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The membership is notified annully of the election for Board of Directors, and all members in good standing have opportunity to vote in the election.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of directors meets regularly according to the Open Meeting Laws of Oklahoma. All members are welcome to attend and voice their opinions on any discussions or decisions made.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The tax return will be presented to the governing body for review and will be signed by the executive director before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee compensation is reviewed by the executive director after verifying that the compensation is reasonable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation for all employees, upon recommendation by the executive Director , is reviewed by both the executive/ personnel committee and then by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION IS UNDER THE MODIFIED CASH BASIS OF ACCOUNTING FOR FEDERAL INCOME TAX PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Amended Explanation: $38,747 was incorrectly omitted from other program expenses in original filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CHAMBER HAS MEMBERS. THE MEMBERS PAY DUES TO THE CHAMBER IN ORDER THAT, IN UNITY, THE CHAMBER MIGHT FULFILL ITS PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 6
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0274378
IRS990/TotalAssetsEOYAmt0196464
IRS990/TotalAssetsGrp/BOYAmt0274378

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