Whatcom Business Alliance
- Assets
- $101.0k
- Revenue
- $369.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Bellingham, WA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-4984520
Organization Overview
Whatcom Business Alliance is located in Bellingham, WA. The organization was established in 2013. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Whatcom Business Alliance employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whatcom Business Alliance 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, Whatcom Business Alliance generated $369.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $358.9k during the year ending 12/2021. While expenses have increased by 5.7% 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
PROMOTES BUSINESS SUCCESS, COMMUNITY PROSPERITY, & LOCAL JOB MARKET STIMULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYER HEALTH CARE PROGRAM - THE WBA EXCHANGE OFFERS A VARIETY OF COMPREHENSIVE AND CATASTROPHIC MEDICAL OPTIONS WHILE DECREASING COSTS THROUGH TAX SAVINGS, TRANSPARENCY, ELIMINATION OF EXCESS FEES, IMPROVING THE EFFICIENCY OF ADMINISTRATION AND INCREASING THE POOL SIZE.
INDUSTRY TOURS - ESTABLISHED IN 2012, WBA INDUSTRY TOURS MISSION IS TO EDUCATE AND PROMOTE LOCAL BUSINESS WITHIN WHATCOM COUNTY. TOURS TAKE PLACE FOUR TIMES THROUGHOUT THE CALENDAR YEAR. PAST TOUR LOCATIONS HAVE INCLUDED COMPANIES SUCH AS BP CHERRY POINT, ALL AMERICAN MARINE, INTALCO, RADER FARMS, SEMIAHMOO RESORT, AND OTHERS.
WHATCOM BUSINESS ACADEMY - THE ACADEMY IS AN ONGOING SERIES OF BUSINESS CLASSES FOR PERSONAL AND PROFESSIONAL GROWTH. TAUGHT BY BUSINESS LEADERS, OUR EVENTS EMPHASIZE PRACTICAL SKILLS AND SHARED EXPERIENCES.
SPEAKER SERIES - VARIOUS SPEAKERS SHARE THEIR INSIGHT AND EXPERIENCES WITH WBA MEMBERS.ANNUAL ECONOMIC FORECAST UPDATE AND BREAKFAST - PARTNERING WITH PULSE MAGAZINE, THE EVENT FEATURES PRESENTATIONS BY ECONOMIC OBSERVERS WHO LOOK OVER THE PAST YEAR AND PROVIDE PREDICTIONS FOR THE UPCOMING YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Chase Executive Director | Officer | 40 | $85,346 |
Josh Turrell Secretary/treasurer | OfficerTrustee | 2 | $0 |
Doug Thomas Director | OfficerTrustee | 2 | $0 |
John Huntley Director | OfficerTrustee | 2 | $0 |
Josh Wright Director | OfficerTrustee | 1 | $0 |
Pam Brady Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,982 |
| Total Program Service Revenue | $216,460 |
| Investment income | $7 |
| 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 | $369,516 |
| 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. | $90,146 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,668 |
| Pension plan accruals and contributions | $5,200 |
| Other employee benefits | $14,216 |
| Payroll taxes | $17,363 |
| Fees for services: Management | $27,402 |
| Fees for services: Legal | $858 |
| Fees for services: Accounting | $7,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,076 |
| Advertising and promotion | $7,774 |
| Office expenses | $33,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,350 |
| Travel | $1,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $525 |
| All other expenses | $4,166 |
| Total functional expenses | $358,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60 |
| 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 | $532 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,975 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $100,975 |
| 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 | $100,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |