Somerset Community Association
- Assets
- $147.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 02/1976
- Data as of
- 12/2022
- EIN
- 51-0180664
Organization Overview
Somerset Community Association is located in Bellevue, WA. The organization was established in 1976. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, 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. Somerset Community Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Somerset Community Association generated $84.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $69.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Bofferding President | 20 | $0 | |
Yiyi Guo Vice President, Activities Organizer | 20 | $0 | |
Marie Vieth Treasurer | 20 | $0 | |
Sue Sanders Secretary | 10 | $0 | |
Gary Albert Landscaping Chair | 10 | $0 | |
Kristen Iverson Membership Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,086 |
| Total Program Service Revenue | $15,166 |
| Membership dues | $63,614 |
| Investment income | $163 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,029 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,431 |
| Occupancy, rent, utilities, and maintenance | $18,796 |
| Printing, publications, postage, and shipping | $24,161 |
| Other expenses | $21,674 |
| Total expenses | $69,062 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,242 |
| Other assets | $0 |
| Total assets | $147,242 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,242 |