Spokane Regional Chamber Of Commerce
- Assets
- $6.2m
- Revenue
- $5.8m
- Investments
- $7.7k
- Employees
- 32
- Location
- Spokane, WA
- Founding
- 09/1925
- Data as of
- 12/2022
- EIN
- 91-0418800
Organization Overview
Spokane Regional Chamber Of Commerce, operating under the name Greater Spokane Incorporated, is located in Spokane, WA. The organization was established in 1925. 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, Greater Spokane Incorporated employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Spokane Incorporated 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, Greater Spokane Incorporated generated $5.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 1.8% 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 2020, Greater Spokane Incorporated has awarded 53 individual grants totaling $24,173,013. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREATER SPOKANE INCORPORATED (GSI) IS A BUSINESS DEVELOPMENT ORGANIZATION. OUR MISSION IS TO LEAD TRANSFORMATIVE BUSINESS & COMMUNITY INITIATIVES TO BUILD A ROBUST REGIONAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP & EVENTS: TO PROMOTE REGIONAL BUSINESS THROUGH NETWORKING EVENTS AND PUBLICATIONS. TO FACILITATE DECISION-MAKING REGARDING REGIONAL INFRASTRUCTURE INVESTMENTS AND TO EDUCATE BUSINESS THROUGH TRAINING PROGRAMS.
GREATER GROWTH: GSI PROVIDES PROGRAMMING AND SUPPORTS THE SUCCESS OF BUSINESS THROUGH ALL PHASES OF DEVELOPMENT - SUPPORTING ENTREPRENEURS AND STARTUPS, HELPING CURRENT COMPANIES EXPAND, RETAINING COMPANIES IN THE REGION AND RECRUITING NEW ONES TO THE AREA. ECONOMIC DEVELOPMENT IS ALSO SUPPORTED BY RECRUITING EFFORTS IN HIGH-GROWTH AND HIGH-POTENTIAL INDUSTRIES INCLUDING LIFE SCIENCES, AEROSPACE, AGRICULTURE, MANUFACTURING AND PROFESSIONAL SERVICES AND MARKET THE REGION AS A COMPETITIVE PLACE TO DO BUSINESS
GREATER TALENT: CAREER CONNECT NORTHEAST IS THE BACKBONE TO PROVIDING CAREER-CONNECTED LEARNING AND STEM EXPERIENCES. PARTNERSHIPS ARE CREATED BETWEEN BUSINESSES AND EDUCATORS TO BUILD A WORKFORCE WITH THE SKILLS AND TALENT TO BE SUCCESSFUL. THIS INCLUDES PROGRAMS SUCH AS TEACHING THE TEACHERS, BUSINESS AFTER-SCHOOL AND GREATER MINDS. THE SPOKANE STEM NETWORK ENGAGES STUDENTS WITH THE GOAL OF INCREASING THE NUMBER OF STUDENTS PURSUING STEM COMPETENCIES FOR THEIR FUTURE CAREERS. OUR GREATER MINDS INITIATIVE WORKS TO IMPROVE EDUCATION ATTAINMENT FOR ADULTS IN SPOKANE COUNTY, CONTRIBUTING TO THE COMMUNITY GOAL OF INCREASING THE PERCENTAGE OF ADULTS WITH DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Cicero Chair Elect | OfficerTrustee | 1 | $0 |
Alisha Bemson CEO | Officer | 40 | $233,193 |
Marcelo Morales Chair | OfficerTrustee | 1 | $0 |
Charlotte Nemec Treasurer | OfficerTrustee | 1 | $0 |
Paul Reed Past Chair | OfficerTrustee | 1 | $0 |
William Symmes General Counsel | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,547,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,029,193 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,145,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,721,908 |
| Total Program Service Revenue | $1,031,935 |
| Investment income | $1,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,808 |
| 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 | $5,819,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,250 |
| 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. | $252,956 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,662,067 |
| Pension plan accruals and contributions | $78,000 |
| Other employee benefits | $232,941 |
| Payroll taxes | $173,357 |
| Fees for services: Management | $587,254 |
| Fees for services: Legal | $6,682 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $156,206 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,418 |
| Advertising and promotion | $87,096 |
| Office expenses | $98,998 |
| Information technology | $233,889 |
| Royalties | $0 |
| Occupancy | $330,377 |
| Travel | $106,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216,109 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,471 |
| Insurance | $26,319 |
| All other expenses | $49,101 |
| Total functional expenses | $4,589,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,360,206 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $1,591,303 |
| Accounts receivable, net | $445,974 |
| 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 | $63,202 |
| Net Land, buildings, and equipment | $222,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,720 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,455,773 |
| Total assets | $6,247,004 |
| Accounts payable and accrued expenses | $276,374 |
| Grants payable | $0 |
| Deferred revenue | $559,719 |
| 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 | $2,482,642 |
| Total liabilities | $3,318,735 |
| Net assets without donor restrictions | $1,130,228 |
| Net assets with donor restrictions | $1,798,041 |
| 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 | $6,247,004 |
Grants Awarded
Over the last fiscal year, Spokane Regional Chamber Of Commerce has awarded $24,173,013 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ABC INSURANCE INC PURPOSE: CARES Act Grant | $10,000 |
ACT SERVICE PLLC PURPOSE: CARES Act Grant | $10,000 |
APPRAISAL ZONE INC PURPOSE: CARES Act Grant | $10,000 |
ASSOCIATED BUILDERS & CONTRACTORS INLAND PACIFIC CHAPTER PURPOSE: CARES Act Grant | $18,661 |
CHAMPION LIGHTING II INC PURPOSE: CARES Act Grant | $10,000 |
CHO GOLDEN DRAGON INVESTMENTS LLC PURPOSE: CARES Act Grant | $10,000 |