Greater Spokane Valley Chamber Of Commerce is located in Spokane Valley, WA. The organization was established in 1950. 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 Valley Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Spokane Valley 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, Greater Spokane Valley Chamber Of Commerce generated $738.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $691.8k during the year ending 12/2022. While expenses have increased by 8.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO FOSTERING RELATIONSHIPS BETWEEN MEMBERS AND THE COMMUNITY. TO SERVE THE INTEREST OF MEMBERS BY ACTING AS A CATALYST FOR A VIBRANT SUSTAINABLE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MONTHLY EDUCATION PROGRAMS AND OTHER NETWORKING EVENTS FOR MEMBERS TO PROMOTE THE SPOKANE VALLEY BUSINESS COMMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elaine Damschen Director | Trustee | $0 | |
Tisha Goodman Director | Trustee | $0 | |
Tami Yager Past Chair | OfficerTrustee | $0 | |
Kelly Fukai Secretary | OfficerTrustee | $0 | |
Ray Corwin Director | Trustee | $0 | |
Shelley Johnson Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $483,479 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $32,500 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $515,979 |
Total Program Service Revenue | $60,436 |
Investment income | $9,456 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $27,500 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $119,235 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $738,561 |
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. | $145,021 |
Compensation of current officers, directors, key employees. | $21,753 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $288,221 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $27,159 |
Payroll taxes | $34,359 |
Fees for services: Management | $0 |
Fees for services: Legal | $958 |
Fees for services: Accounting | $13,556 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,994 |
Fees for services: Other | $38,969 |
Advertising and promotion | $12,063 |
Office expenses | $9,395 |
Information technology | $13,926 |
Royalties | $0 |
Occupancy | $27,906 |
Travel | $5,096 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $13 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,003 |
Insurance | $8,094 |
All other expenses | $28,978 |
Total functional expenses | $691,752 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $150,504 |
Savings and temporary cash investments | $248,776 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,800 |
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 | $281,253 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $691,333 |
Accounts payable and accrued expenses | $40,526 |
Grants payable | $0 |
Deferred revenue | $52,970 |
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 | $230 |
Total liabilities | $93,726 |
Net assets without donor restrictions | $597,607 |
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 | $691,333 |