Bothell Kenmore Chamber Of Commerce
- Assets
- $129.0k
- Revenue
- $347.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Bothell, WA
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 87-0718434
Organization Overview
Bothell Kenmore Chamber Of Commerce is located in Bothell, WA. The organization was established in 2004. 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 12/2022, Bothell Kenmore Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bothell Kenmore 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 12/2022, Bothell Kenmore Chamber Of Commerce generated $347.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $372.2k during the year ending 12/2022. While expenses have increased by 9.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION THE PROSPERITY OF THE GREATER BOTHELL AND KENMORE AREA AND QUALITY OF LIFE FOR ITS COMMUNITY THROUGH COLLABORATIVE LEADERSHIP, BUSINESS ADVOCACY AND MEMBER-DRIVEN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP-BASED ORGANIZATION UNITING BUSINESSES, THE COMMUNITY AND LOCAL GOVERNMENT IN AN EFFORT TO PROMOTE REGIONAL ECONOMIC PROSPERITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Caldwell Former Exec | Officer | 40 | $70,000 |
Cheryl Bosh Treasurer | OfficerTrustee | 2.5 | $0 |
Jen Boyd Secretary | OfficerTrustee | 2.5 | $0 |
Ryan Mills Chair | OfficerTrustee | 5 | $0 |
Madison Wean Vice Chair | OfficerTrustee | 2.5 | $0 |
Sandra Lee Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $132,077 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,513 |
| Total Program Service Revenue | $121,725 |
| 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 | $88,460 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,698 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,813 |
| Advertising and promotion | $19,642 |
| Office expenses | $7,581 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,675 |
| Travel | $0 |
| 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 | $6,000 |
| All other expenses | $891 |
| Total functional expenses | $372,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$5,302 |
| 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 | $6,303 |
| Total assets | $129,009 |
| 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 | $17,144 |
| Total liabilities | $17,144 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,190 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $106,675 |
| Total liabilities and net assets/fund balances | $129,009 |