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 12/2021, Greater Spokane Valley Chamber Of Commerce employed 7 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 12/2021, Greater Spokane Valley Chamber Of Commerce generated $682.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $584.8k during the year ending 12/2021. While expenses have increased by 7.0% 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
2021
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 |
---|---|---|---|
Lance Beck President & | Officer | 40 | $138,948 |
Tami Yager Chair | OfficerTrustee | $0 | |
Kelly Fukai Secretary | OfficerTrustee | $0 | |
Phil Champlin Treasurer | OfficerTrustee | $0 | |
Kevin Rasler Past Chair | OfficerTrustee | $0 | |
Kelli Pearson Vice Chair | OfficerTrustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
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 | $32,500 |
Total Program Service Revenue | $589,313 |
Investment income | $3,881 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$13,999 |
Net Income from Fundraising Events | $65,644 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $682,231 |
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. | $138,948 |
Compensation of current officers, directors, key employees. | $20,842 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $216,504 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $29,167 |
Payroll taxes | $27,248 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,410 |
Fees for services: Accounting | $17,377 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,720 |
Fees for services: Other | $11,656 |
Advertising and promotion | $8,691 |
Office expenses | $5,844 |
Information technology | $12,714 |
Royalties | $0 |
Occupancy | $27,225 |
Travel | $738 |
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 | $1,399 |
Insurance | $8,117 |
All other expenses | $13,085 |
Total functional expenses | $584,760 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $81,996 |
Savings and temporary cash investments | $248,678 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,535 |
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 | $7,500 |
Net Land, buildings, and equipment | $1,003 |
Investments—publicly traded securities | $329,650 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $670,362 |
Accounts payable and accrued expenses | $24,313 |
Grants payable | $0 |
Deferred revenue | $37,958 |
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 | $3,532 |
Total liabilities | $65,803 |
Net assets without donor restrictions | $604,559 |
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 | $670,362 |
Over the last fiscal year, we have identified 1 grants that Greater Spokane Valley Chamber Of Commerce has recieved totaling $234,951.
Awarding Organization | Amount |
---|---|
Spokane Regional Chamber Of Commerce Spokane, WA PURPOSE: CARES Act Grant | $234,951 |
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 |