South Lake Union Chamber Ofcommerce
- Assets
- $209.9k
- Revenue
- $252.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 20-5634309
Organization Overview
South Lake Union Chamber Ofcommerce is located in Seattle, WA. The organization was established in 2009. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, South Lake Union Chamber Ofcommerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Lake Union Chamber Ofcommerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, South Lake Union Chamber Ofcommerce generated $252.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $159.7k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SLU CHAMBER WAS FORMED TO DRIVE, EXPAND, AND PRESERVE THE ECONOMIC, CIVIC, AND CULTURAL DEVELOPMENT OF THE SOUTH LAKE UNION AREA FOR THE PROSPERITY OF ITS PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP OF OVER 250 ORGANIZATIONS IN SOUTH LAKE UNION OFFERING BUSINESS RESOURCES, DIRECT MARKETING, BUSINESS TO BUSINESS CONNECTIONS OPPORTUNITIES AND COMMUNITY/POLICY ADVOCACY.
MONTHLY NETWORKING AND COMMUNITY EVENTS OFFERED TO MEMBER AND THE PUBLIC.
COMMUNITY SPONSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danah Abarr Executive Di | OfficerTrustee | 35 | $58,644 |
Chad Cotter Secretary | OfficerTrustee | 2 | $0 |
Allison Leep Vice Preside | OfficerTrustee | 3 | $0 |
Justin Young Treasurer | OfficerTrustee | 3 | $0 |
Kelly Keith President | OfficerTrustee | 2 | $0 |
Susan Bell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,711 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,711 |
| Total Program Service Revenue | $135,601 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,259 |
| Payroll taxes | $9,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,577 |
| Office expenses | $2,239 |
| Information technology | $5,996 |
| Royalties | $0 |
| Occupancy | $10,327 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,342 |
| All other expenses | $63 |
| Total functional expenses | $159,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,387 |
| Savings and temporary cash investments | $37,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,957 |
| Total assets | $209,851 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,279 |
| Total liabilities | $3,279 |
| Net assets without donor restrictions | $206,572 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $209,851 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Lake Union Chamber Ofcommerce has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
Seattle Cancer Care Alliance Seattle, WA PURPOSE: TO SPONSOR THE ACTIVITIES OF THE SOUTHLAKE UNION CHAMBER OF COMMERCE TO POSITIVELY CONTRIBUTE TO THE COMMUNITY WHERE OUR MAIN CAMPUS IS LOCATED. | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Camelback Ventures Inc Garden City, ID | $16,707,228 | $5,830,113 |
Northwest Business Development Association Spokane Valley, WA | $4,504,001 | $3,801,691 |
Washington State Microenterprise Association Olympia, WA | $24,484 | $2,241,814 |
Ameritrust Cdc Edmonds, WA | $1,782,225 | $1,891,460 |
Ccd Business Development Corporation Roseburg, OR | $8,377,391 | $2,075,254 |
East-Central Idaho Development Company Rexburg, ID | $3,332,671 | $702,206 |
Kitchen Spokane Spokane, WA | $8,199 | $267,957 |
Alaska Business Development Center Inc Anchorage, AK | $661,589 | $599,259 |
Cascade Capital Funding Salem, OR | $394,128 | $508,938 |
Valley Development Initiatives Salem, OR | $7,257,429 | $336,935 |