Langley Chamber Of Commerce
- Assets
- $123.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Langley, WA
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 91-0971378
Organization Overview
Langley Chamber Of Commerce is located in Langley, WA. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Langley 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, Langley Chamber Of Commerce generated $193.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $141.7k during the year ending 12/2021. While expenses have increased by 7.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE ECONOMIC DEVELOPMENT THROUGH TOURISM, LOCAL COMMUNITY OUTREACH AND CHAMBE MEMBERSHIP PROGRAMS AND WORKSHOPS, ABOUT 200 BUSINESS AND INDVIDUAL MEMBERS PARTICIPATE AS WELL AS COMMUNITY VOLUNTEERS DURING TOURISME EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Felvey Treasurer | 1 | $0 | |
Fred Lundahl Director | 1 | $0 | |
Nancy Rowan President | 1 | $0 | |
Cynthia Tilken Director | 1 | $0 | |
Lilly Van Gerbig Vice President | 1 | $0 | |
Melene Thompson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,236 |
| Total Program Service Revenue | $18,143 |
| Membership dues | $23,848 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$623 |
| Other Revenue | $2 |
| Total Revenue | $193,606 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $84,521 |
| Professional fees and other payments to independent contractors | $3,287 |
| Occupancy, rent, utilities, and maintenance | $19,819 |
| Printing, publications, postage, and shipping | $11,824 |
| Other expenses | $22,296 |
| Total expenses | $141,747 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,812 |
| Other assets | $0 |
| Total assets | $123,012 |
| Total liabilities | $80,385 |
| Net assets or fund balances | $42,627 |
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 |