Seattle Latino Metropolitan Chamber Of Commerce
- Assets
- $50.4k
- Revenue
- $159.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Kirkland, WA
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 82-1455917
Organization Overview
Seattle Latino Metropolitan Chamber Of Commerce is located in Kirkland, WA. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Latino Metropolitan Chamber Of Commerce 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 12/2023, Seattle Latino Metropolitan Chamber Of Commerce generated $159.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $217.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEATTLE LATINO CHAMBER OF COMMERCE'S MISSION IS TO GROW LATINO BUSINESS AND HELP ALL OUR MEMBERSHIP BUSINESS OWNERS AND INDEPENDENT PROFESSIONALS ADVANCE THEIR ORGANIZATIONS. OUR VISION IS TO CREATE BUSINESS AND HELP FERTILE GROUND FOR GROWTH AND PROGRESS FOR ALL OUR MEMBERSHIP AND LATINO BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRACT WITH THE DEPARTMENT OF LABOR AND INDUSTRY TO TEACH AND INFORMED SMALL BUSINESSES WITH FOCUS ON LATINO OWNERSHIP REGARDING LABOR AND INDUSTRIES SERVICES AND REQUIREMENTS CONTRACT AMOUNT $50,000 TARGET 175 LATINO BUSINESSES
2023 - 2024 SEATTLE LATINO METROPOLITAN CHAMBER OF COMMERCE DIGITAL EDUCATION PROGRAM TO TEACH SMALL BUSINESSES HOW TO IMPROVE AND BETTER THEIR ONLINE PRESENCE FOR ECOMMERCE TARGET 15 BUSINESSES GRANT W SMA $20,000 DIRECT EXPENSES FOR PRODUCTION PROMOTIONAL CAMPAIGN $14,785 ADMINISTRATIVE EXPENSES $2865 DOLLARS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcos Wanless President | 40 | $72,606 | |
Jason Kalami Treasurer | Officer | 2 | $0 |
Laurie Iverson Secretary | Officer | 1 | $0 |
Raul Perezcalleja Borad Member | Trustee | 1 | $0 |
Adriana Perezchica Board Chair | Trustee | 1 | $0 |
Irmin Romero Borad Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,324 |
| Fundraising events | $1,240 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,069 |
| Total Program Service Revenue | $43,295 |
| Investment income | $0 |
| 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 | $159,386 |
| 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. | $72,606 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,080 |
| Office expenses | $8,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $19,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,965 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,273 |
| All other expenses | $86,512 |
| Total functional expenses | $217,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,683 |
| Savings and temporary cash investments | $0 |
| 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 | $715 |
| Total assets | $50,398 |
| 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 | $9,602 |
| Other liabilities | $0 |
| Total liabilities | $9,602 |
| Net assets without donor restrictions | $0 |
| 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 | $40,796 |
| Total liabilities and net assets/fund balances | $50,398 |