Greater Seattle Chamber Of Commerce
- Assets
- $27.3m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 107
- Location
- Seattle, WA
- Founding
- 01/1993
- Data as of
- 08/2023
- 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 08/2023, Seattle Metropolitan Chamber Of Commerce employed 107 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 08/2023, Seattle Metropolitan Chamber Of Commerce generated $11.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $11.9m during the year ending 08/2023. While expenses have increased by 3.8% per year over the past 8 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 70 individual grants totaling $3,979,939. 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
2023
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.
WASHINGTON COUNCIL ON INTERNATIONAL TRADE ("WCIT") WORKS TO PROMOTE STRONG, OPEN, AND SUSTAINABLE INTERNATIONAL TRADE POLICIES THAT ADVANCE ECONOMIC OPPORTUNITIES FOR WASHINGTON STATE. WCIT ADVOCATES FOR PRO-TRADE POLICIES AT THE FEDERAL LEVEL BY FOCUSING ON TRADE-RELATED ISSUES. WCIT IS ALSO AN INFORMATION RESOURCE ON INTERNATIONAL TRADE ISSUES FOR ELECTED REPRESENTATIVES, BUSINESS LEADERS, THE MEDIA, EDUCATORS, AND COMMUNITY GROUPS IN WASHINGTON STATE. WCIT BECAME A SPECIAL PROGRAM OF THE CHAMBER ON JUNE 1, 2011, WHEN THE NET ASSETS OF THIS PREVIOUSLY INACTIVE INDEPENDENT ENTITY WERE TRANSFERRED TO THE CHAMBER.
CHALLENGE SEATTLE FUND: CHALLENGE SEATTLE WORKS TO INSTILL 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 |
|---|---|---|---|
Rachel Smith President & CEO | OfficerTrustee | 39 | $354,230 |
Lisa Chick Trustee, Afe President | Trustee | 1 | $214,840 |
Mel Clark Trustee, Ctaw Executive Director | Trustee | 1 | $191,195 |
Shkelkim Klemendi Trustee, Housing Connector Ed | Trustee | 1 | $187,713 |
Ada Healey Vice Chair | OfficerTrustee | 1 | $0 |
Pallavi Mehta Wahi Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amy J Grotefendtgrotefendt Consulting Consulting | 8/30/23 | $302,500 |
Christine Gregoire Llc Challenge Seattle Ceo Services | 8/30/23 | $501,500 |
The Boston Consulting Group Inc Consulting | 8/30/23 | $300,000 |
Marc Casalekinetic West Llc Consulting | 8/30/23 | $268,000 |
Emc Research Inc Consulting | 8/30/23 | $213,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $218,109 |
| Government grants | $1,462,848 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,857,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,538,206 |
| Total Program Service Revenue | $3,192,369 |
| Investment income | $538,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,152,133 |
| Net Rental Income | $16,325 |
| Net Gain/Loss on Asset Sales | -$161,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,949,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $437,123 |
| 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. | $1,315,808 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,371,316 |
| Pension plan accruals and contributions | $125,167 |
| Other employee benefits | $288,411 |
| Payroll taxes | $274,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,325 |
| Fees for services: Accounting | $64,681 |
| Fees for services: Lobbying | $85,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,036,972 |
| Advertising and promotion | $16,272 |
| Office expenses | $98,422 |
| Information technology | $38,885 |
| Royalties | $0 |
| Occupancy | $691,655 |
| Travel | $96,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,257 |
| Interest | $5,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,929 |
| Insurance | $62,933 |
| All other expenses | $37,145 |
| Total functional expenses | $11,918,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,861,586 |
| Savings and temporary cash investments | $7,917,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $928,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,302 |
| Prepaid expenses and deferred charges | $297,474 |
| Net Land, buildings, and equipment | $192,090 |
| Investments—publicly traded securities | $11,654,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,478,112 |
| Total assets | $27,331,067 |
| Accounts payable and accrued expenses | $471,842 |
| Grants payable | $0 |
| Deferred revenue | $9,461,251 |
| 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 | $4,375,449 |
| Total liabilities | $14,308,542 |
| Net assets without donor restrictions | $13,022,525 |
| 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 | $27,331,067 |
Grants Awarded
Over the last fiscal year, Greater Seattle Chamber Of Commerce has awarded $390,385 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR EDUCATION PURPOSE: GENERAL SUPPORT | $222,015 |
LEADERSHIP TOMORROW PURPOSE: GENERAL SUPPORT | $52,689 |
WASHINGTON FILMWORKS PURPOSE: GENERAL SUPPORT | $73,606 |
WASHINGTON CLEAN TECHNOLOGY ALLIANCE PURPOSE: GENERAL SUPPORT | $42,075 |