2020-08-18T13:19:16-07:00 2019-12-31 464019637 FSW&B CPAs PLLC 205 W Mc Elroy Stillwater OK 74075 990 2019-01-01 730518960 Woodward Chamber of Commerce WOOD 5802567411 PO Box 1026 Woodward OK 73802 CJ Montgomery President 2020-08-18 true DERREL WHITE CPA P01481899 4056249500 2019 2020-09-23 17:36:50Z PO Box 1026 Woodward OK 73802 206955 false X N/A To promote business and tourism 29 29 6 0 64993 63677 142754 142923 249 355 0 207996 206955 0 0 122863 134023 0 0 76307 87101 199170 221124 8826 -14169 94477 78855 4553 3450 89924 75405 To promote business and tourism false false 221124 Promoted tourism and business in Woodward 221124 false false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 true 6 true false false false false false false false false X 29 29 false false false false false false false true false false false false true false false true false true true false X Woodward Chamber of Commerce 5802567411 PO Box 1026 Woodward OK 73802 X CJ Montgomery President 35.00 0.00 57750 0 0 Doris Ames Board Member 0.25 0.00 X 0 0 0 Josh Howard Board Member 0.25 0.00 X 0 0 0 Lorne Clark Board Member 0.25 0.00 X 0 0 0 Kristi Beck Board Member 0.25 0.00 X 0 0 0 Chad Campbell Board Member 0.25 0.00 X 0 0 0 Steve Kohl Board Member 0.25 0.00 X 0 0 0 Amy Kornele Board Member 0.25 0.00 X 0 0 0 Melinda Brock Board Member 0.25 0.00 X 0 0 0 Curt Cloyd Board Member 0.25 0.00 X 0 0 0 Grant Walker Chairman 0.25 0.00 X 0 0 0 Angela Rhoades Board Member 0.25 0.00 X 0 0 0 Katie Shirley Board Member 0.25 0.00 X 0 0 0 Rachael VanHorn Board Member 0.25 0.00 X 0 0 0 Shannon Davis Board Member 0.25 0.00 X 0 0 0 Jennifer Thompson Board Member 0.25 0.00 X 0 0 0 Kristal Stephens Board Member 0.25 0.00 X 0 0 0 Paul Weigl Board Member 0.25 0.00 X 0 0 0 Austin Vanderwork Treasurer 0.25 0.00 X 0 0 0 Jon Marc Holt Board Member 0.25 0.00 X 0 0 0 Crystal Simmons Vice Chairman 0.25 0.00 X 0 0 0 Erik Hudson Board Member 0.25 0.00 X 0 0 0 Eric Wheeler Chairman Elect 0.25 0.00 X 0 0 0 Jimmy McKay Board Member 0.25 0.00 X 0 0 0 Alexa Humphries Board Member 0.25 0.00 X 0 0 0 Jackie Jones Board Member 0.25 0.00 X 0 0 0 Whitney Long Board Member 0.25 0.00 X 0 0 0 Kendall Smith Board Member 0.25 0.00 X 0 0 0 Manda Wheeler Board Member 0.25 0.00 X 0 0 0 Clint White Board Member 0.25 0.00 X 0 0 0 57750 0 false false false 0 63677 63677 Banquet 7690 7690 Economic Development 70000 70000 Fundrasing Projects 43670 43670 Miscellaneous Income 6033 6033 Monthly Luncheons 8660 8660 6870 6870 142923 355 355 0 0 0 0 0 0 0 0 206955 143278 0 0 0 0 57750 57750 0 57478 57478 0 9368 9368 9427 9427 0 0 0 0 0 0 0 5000 5000 5039 5039 0 0 0 0 0 0 0 0 4690 4690 3946 3946 Events 43418 43418 Utilities 7098 7098 Professional Fees - Other 4600 4600 Committee/Task Force 4338 4338 8972 8972 221124 221124 0 0 27140 16740 38530 38870 0 3810 2809 0 0 0 0 4487 4614 265028 249208 20510 15820 0 0 0 0 2 94477 78855 175 42 1460 2918 3408 4553 3450 X 89924 75405 89924 75405 94477 78855 -14169 -350 X true X false true false 5000 5000 176881 173072 3809 83147 76136 7011 15820 Fed W/H 1142 FICA 1741 State W/H 487 Unemployment 38 3408 X Part X : FIN48 Footnote Woodward Chamber of Commerce is a not-for-profit corporation organized under the laws of the State of Oklahoma and is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code. As such, no provision has been made for federal or state income taxes. Both organizations are required to file and information return, IRS Form 990. In June 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation 48 (FIN 48) Accounting for Uncertainty in Income Taxes (currently FASB Accounting Standards Codification (ASC)740, Income Taxes), which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related income taxes. The Chamber evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax posistion for all uncertain tax positions in the aggregate could differ from the amount recognized. The Chamber does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements.Federal and state income tax statutes dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the Chamber has no open examination with either the Internal Revuenue Service or state taxing authorities. The Chamber's policy is to record any income tax related penalites and interest incurred as operating expense. There were no income tax related penalites or interest included in the accompanying financial statements. Form 990, Part VI, Line 11b: Form 990 Review Process The board will review the Form 990 either before or after it is filed. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board of Directors reviews and deliberates any changes in compensation and records those changes in the minutes. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available No documents are available to the public.