Lynden Chamber Of Commerce
- Assets
- $233.6k
- Revenue
- $274.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Lynden, WA
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 91-1146800
Organization Overview
Lynden Chamber Of Commerce is located in Lynden, WA. The organization was established in 1981. 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, Lynden Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynden 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, Lynden Chamber Of Commerce generated $274.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $195.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. 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
LYNDEN CHAMBER OF COMMERCE WAS FORMED TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND CIVIC INTERESTS OF THE CITY OF LYNDEN AND ITS TRADING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHWEST RASPBERRY FESTIVAL IS AN ANNUAL CELEBRATION OF THE RASPBERRY INDUSTRY THAT PROMOTES LYNDEN AND SUPPORTS LOCAL BUSINESSES.
THE CHAMBER HAS A NUMBER OF EVENTS AND PROGRAMS TO PROMOTE COMMERCE AND TOURISM, INCLUDING A CHRISTMAS PARADE, A FARMERS PARADE, A VISITORS CENTER, A HARVEST FESTIVAL AND OTHERS.
THE COMMUNITY CASH BACK PROGRAM BEGAN IN 1998 AND PROMOTES THE LOCAL MERCHANTS BY ENCOURAGING PEOPLE TO SHOP IN THE LYNDEN COMMUNITY AND SUPPORT NON-PROFIT ORGANIZATIONS AT THE SAME TIME. MERCHANTS GIVE 10% REBATE ON PURCHASES TO LOCAL SCHOOLS.
THE WELKOM BASKET PROGRAM WAS STARTED IN 1996 AND IS AN OUTREACH TO THOSE WHO HAVE RECENTLY MOVED INTO THE COMMUNITY. THE PROGRAM GREETS EACH NEW RESIDENT AND INVITES THEM TO SHOP IN LYNDEN, USING PROVIDED DISCOUNTS AND COUPONS, AND GET INVOLVED AS A VOLUNTEER IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Vis Executive Director | Officer | 40 | $56,265 |
Kathy Stanford Vice President; Secretary | OfficerTrustee | 1 | $0 |
Jess Alsum President | OfficerTrustee | 1 | $0 |
Sue Sorensen Director | Trustee | 1 | $0 |
Ivan Dochovski Director | Trustee | 1 | $0 |
Heidi Mcdowell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,910 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,584 |
| Total Program Service Revenue | $38,532 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $274,156 |
| 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. | $56,265 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,336 |
| Payroll taxes | $14,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,804 |
| Office expenses | $4,544 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,075 |
| Travel | $0 |
| 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 | $122 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,269 |
| Savings and temporary cash investments | $73,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,150 |
| 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 | $2,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,228 |
| Total assets | $233,642 |
| Accounts payable and accrued expenses | $6,439 |
| Grants payable | $0 |
| Deferred revenue | $54,720 |
| 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 | $0 |
| Total liabilities | $61,159 |
| Net assets without donor restrictions | $0 |
| 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 | $172,483 |
| Total liabilities and net assets/fund balances | $233,642 |
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 |
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Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
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