Beacon Hill Merchants Association

Organization Overview

Beacon Hill Merchants Association, operating under the name Beacon Business Alliance, is located in Seattle, WA. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Business Alliance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Beacon Business Alliance generated $340.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $225.9k during the year ending 12/2022. While expenses have increased by 16.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE EQUITABLE ECONOMIC DEVELOPMENT IN OUR NEIGHBORHOOD THROUGH COMMUNITY ENGAGEMENT, ORGANIZING, ADVOCACY, NETWORKING AND COLLABORATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR PRIORITY CONTINUES TO BE TO ENSURE ALL BUSINESSES IN OUR AREA HAVE ACCESS TO INFORMATION AND TECHNICAL ASSISTANCE, THROUGH DIRECT OUTREACH, (IN-PERSON, PHONE, TEXT, E-MAIL), GROUP AND VIRTUAL WORKSHOPS AND WEB/SOCIAL MEDIA COMMUNICATIONS. WE ASSESS BUSINESS COMMUNITY NEEDS, AND FACILITATE ACCESS TO RESOURCES. WE CONTINUE TO BUILD CAPACITY THROUGH COLLABORATION WITH OUR ORGANIZATIONAL PARTNERS TO PROVIDE THE HIGHEST LEVEL OF SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
M Angela Castaneda
Director
$85,650
Joanne Cha
Trustee
$1,033
Kelly Sommerfeld
Chair
$0
Robert Hinrix
Secretary
$0
Michael Charles
Trustee
$0
Miguel Maestas
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$150
Fundraising events$0
Related organizations$0
Government grants $254,950
All other contributions, gifts, grants, and similar amounts not included above$74,996
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$330,096
Total Program Service Revenue$10,403
Investment income $186
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 $340,685

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