Greater Seattle Chamber Of Commerce
- Assets
- $24.7m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 62
- Location
- Seattle, WA
- Founding
- 01/1993
- Data as of
- 08/2021
- EIN
- 91-0402330
Organization Overview
Greater Seattle Chamber Of Commerce, operating under the name Seattle Metropolitan Chamber Of Commerce, is located in Seattle, WA. The organization was established in 1993. 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 08/2021, Seattle Metropolitan Chamber Of Commerce employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle 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 08/2021, Seattle Metropolitan Chamber Of Commerce generated $11.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $9.6m during the year ending 08/2021. While expenses have increased by 1.5% per year over the past 6 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.
Since 2019, Seattle Metropolitan Chamber Of Commerce has awarded 64 individual grants totaling $2,529,554. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER ENGAGES THE INNOVATION AND ENTREPRENEURSHIP OF ITS MEMBERS TO ADVANCE ECONOMIC PROSPERITY, ADVOCATE FOR EMPLOYERS, AND BUILD SUSTAINABLE AND HEALTHY COMMUNITIES IN THE SEATTLE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER OF COMMERCE: WE SEEK AN ECONOMICALLY VIBRANT AND GLOBALLY COMPETITIVE SEATTLE REGION WHERE EMPLOYERS CAN FLOURISH AND EVERYONE HAS THE OPPORTUNITY TO SUCCEED AND TO ACCESS A THRIVING QUALITY OF LIFE.
CHALLENGE SEATTLE FUND: CHALLENGE SEATTLE WORKS TO ENSTILL GLOBAL COMPETITIVENESS FOR THE GREATER SEATTLE REGION.
TECHNOLOGY ALLIANCE FUND (TA): TA WORKS TO BROADEN THE CONSTITUENCY FOR TECHNOLOGY-BASED ECONOMIC DEVELOPMENT AND IMPLEMENTS PROGRAMS THAT ADVANCE THE STATE'S INNOVATION ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Chick Trustee, Afe President & CEO | Trustee | 40 | $209,452 |
Markham T Mcintyre Trustee Thru 12/20, Chief Of Staff | OfficerTrustee | 39 | $175,610 |
Shkelqim Kelmendi Trustee, Housing Connector Ed | Trustee | 40 | $141,952 |
Roxanne Christian Chief Advancement Officer | 40 | $125,880 | |
Jane Billbe Sr. VP Of Operations & Org. Health | 39 | $125,667 | |
Laura Ruderman Trustee, CEO Technology Alliance | Trustee | 40 | $124,192 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christine Gregoire Llc Challenge Seattle Ceo Services | 8/30/21 | $430,530 |
Mamie Marcussm2 Solutions Llc Program Management | 8/30/21 | $226,535 |
The Boston Consulting Group Inc Consulting | 8/30/21 | $175,000 |
Kiley Winsnesconsult Kiley Consulting | 8/30/21 | $146,626 |
Latitudes Technology Consulting Llc Consulting | 8/30/21 | $133,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,553,478 |
| Government grants | $1,655,297 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,883,147 |
| Noncash contributions included in lines 1a–1f | $3,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,091,922 |
| Total Program Service Revenue | $2,067,300 |
| Investment income | $250,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,068,780 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,051,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,247 |
| 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. | $1,261,177 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,499,411 |
| Pension plan accruals and contributions | $60,474 |
| Other employee benefits | $277,474 |
| Payroll taxes | $209,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111,865 |
| Fees for services: Accounting | $67,452 |
| Fees for services: Lobbying | $85,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,506,982 |
| Advertising and promotion | $18,081 |
| Office expenses | $54,996 |
| Information technology | $24,531 |
| Royalties | $0 |
| Occupancy | $604,518 |
| Travel | $656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,960 |
| Interest | $2,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,873 |
| Insurance | $52,304 |
| All other expenses | $86,732 |
| Total functional expenses | $9,609,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,179,366 |
| Savings and temporary cash investments | $88 |
| Pledges and grants receivable | $1,600,000 |
| Accounts receivable, net | $540,821 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,243 |
| Prepaid expenses and deferred charges | $119,454 |
| Net Land, buildings, and equipment | $357,092 |
| Investments—publicly traded securities | $13,854,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,652,320 |
| Accounts payable and accrued expenses | $760,434 |
| Grants payable | $0 |
| Deferred revenue | $8,681,238 |
| 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 | $58,689 |
| Unsecured mortgages and notes payable | $1,041,929 |
| Other liabilities | $140,734 |
| Total liabilities | $10,683,024 |
| Net assets without donor restrictions | $13,969,296 |
| 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 | $24,652,320 |
Grants Awarded
Over the last fiscal year, Greater Seattle Chamber Of Commerce has awarded $1,579,275 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: COVID RELIEF EFFORTS | $425,917 |
GM CRUISE LLC PURPOSE: FUNDING TO RETAIN BUSINESS IN GREATER SEATTLE | $306,330 |
WASHINGTON CLEAN TECHNOLOGY ALLIANCE PURPOSE: COVID RELIEF EFFORTS | $128,900 |
Seattle, WA PURPOSE: COVID RELIEF EFFORTS | $74,552 |
Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $57,867 |
Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $34,209 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Seattle Chamber Of Commerce has recieved totaling $1,553,478.
| Awarding Organization | Amount |
|---|---|
Center For Community Service Fund Seattle, WA PURPOSE: SUPPORT AND OUTREACH TO THE BUSINESS COMMUNITY DURING COVID-19 PANDEMIC AND RACIAL EQUITY CHALLENGES FACING THE REGION. | $1,553,478 |
Endowment Analysis
| Beg. Balance | $9,570,868 |
| Earnings | $2,179,536 |
| Ending Balance | $11,750,404 |
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 |