Ada Area Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 730120450 ✦ Ada, OK ✦ Designated as a 501(c)(6)

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Overview

What is Ada Area Chamber Of Commerce?

Ada Area Chamber of Commerce is a locally rooted nonprofit organization based in Ada, Oklahoma. Their primary mission is to foster community leadership and stimulate economic growth in the area, ultimately expanding job opportunities. To achieve this, they provide vital funds and resources to keep members apprised of the region's economic conditions and employment trends. Additionally, they actively seek out potential businesses that could benefit from relocating to Ada, thereby contributing to its economic development. With a modest team of five dedicated individuals, the Ada Area Chamber of Commerce plays a significant role in shaping the local economy.


Official website here: www.adachamber.com

Is Ada Area Chamber Of Commerce legitimate?

Ada Area Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ada Area Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,297

For more financial information, click here


Official website here: www.adachamber.com

What is the mission statement of Ada Area Chamber Of Commerce?

The Ada Area Chamber of Commerce's mission is to support its members by keeping them informed about economic conditions and employment trends. It also aims to stimulate economic development in the area by attracting potential businesses. The chamber provides community leadership, encouraging economic growth and creating job opportunities within the Ada area. It serves as a resource, providing funds and insights to help businesses thrive and grow.


Official website here: www.adachamber.com

Who is the CEO of Ada Area Chamber Of Commerce?

Gage Busby is the Chairman of Ada Area Chamber Of Commerce.


Official website here: www.adachamber.com

What is the revenue of Ada Area Chamber Of Commerce?

Ada Area Chamber Of Commerce's revenue in 2022 was $224,061.


Official website here: www.adachamber.com

Who are the executives of Ada Area Chamber Of Commerce and what are their salaries?

The average compensation at Ada Area Chamber Of Commerce during 2022 was $23,859. There are 5 employees at Ada Area Chamber Of Commerce.


Here are 4 key members and their salaries:


Wade Evans (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Feiler (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gage Busby (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Beck (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.adachamber.com

Where can I find the form 990 for Ada Area Chamber Of Commerce?

Ada Area Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.adachamber.com

Learn more at the official website: www.adachamber.com

Mission Statement of Ada Area Chamber Of Commerce

The Ada Area Chamber of Commerce is dedicated to fulfilling a mission that benefits its members and the broader community. Its primary goal is to disseminate information about economic conditions and employment trends, as well as to attract potential businesses that could thrive in the area. Additionally, the chamber aims to serve as a catalyst for economic development, thereby stimulating job opportunities within the Ada Area. By providing community leadership, the Ada Area Chamber of Commerce actively encourages growth and prosperity within the community.

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Impact




October, 2024

The Ada Area Chamber of Commerce plays a vital role in fostering economic growth and enhancing job opportunities within the Ada region. By keeping its members informed about economic conditions and employment trends, the chamber equips local businesses with the knowledge they need to navigate a dynamic marketplace.

Moreover, it actively identifies potential businesses that may be interested in establishing a presence in Ada, thereby attracting new investments and contributing to the local economy. Through community leadership initiatives, the chamber not only stimulates economic development but also creates an environment that encourages collaboration and innovation among local stakeholders. This supportive framework ultimately leads to a more robust job market and sustained economic progress for the Ada area.




This information is meant to be a general summary of Ada Area Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$224,061 (2022)
Expenses
$203,848 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $904
  • Program Service Revenue: $223,157
  • Gross Receipts: $224,061

Assets and Liabilities:

  • Total Assets: $339,860
  • Total Liabilities: $9,629
  • Net Assets: $330,231

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$116,676

PROGRAM REVENUE

Revenue

$50,864

EVENT REVENUE

Revenue

$44,100

NON-DUES REVENUE

Revenue

$9,514

COMMITTEE REVENUE

Revenue

$2,003

Organization Details

Founding Year

1924

Principal Officer

Gage Busby

Main Address

PO BOX 248, ADA, OK, 74821

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