Greater Seattle Business Association
- Assets
- $2.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Seattle, WA
- Founding
- 05/1982
- Data as of
- 12/2023
- EIN
- 91-1171171
Organization Overview
Greater Seattle Business Association is located in Seattle, WA. The organization was established in 1982. 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 12/2023, Greater Seattle Business Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Seattle Business Association 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 12/2023, Greater Seattle Business Association generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COMBINE BUSINESS DEVELOPMENT, LEADERSHIP AND SOCIAL ACTION TO EXPAND ECONOMIC OPPORTUNITIES FOR THE LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUEER COMMUNITY AND THOSE WHO SUPPORT EQUALITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH, TRAINING THROUGH SMALL BUSINESS GRANTS AND CAPITOL. GBSA OFTEN WORKS IN COALITION WITH A WIDE ARRAY OF COMMUNITY PARTNERS TO ADVANCE THE VIEWS OF OUR MEMBERS, THE LGBTQ+ COMMUNITY, AND SMALL BUSINESSES.
BUSINESS DEVELOPMENT (INCLUDES BUSINESS LITERACY AND BUSINESS ACADEMY PROGRAMS). GSBA OFFERS ONE-ON-ONE CONSULTING SERVICES WITH OUR SKILLED ADVISERS WHO BRING DECADES OF EXPERIENCE AND A DEEP UNDERSTANDING OF THE UNIQUE CHALLENGES AND OPPORTUNITIES FACING LGBTQ+ AND ALLIED BUSINESSES
OUTREACH AND MEMBERSHIP SERVICES (INCLUDES COMMUNICATIONS, POLICY, NETWORKING EVENTS) EMPOWERING OUR MEMBERS TO EXPAND THEIR SOCIAL CIRCLE AND EXCHANGE IDEAS BY OFFERING REGULAR EVENTS, ROUNDTABLES, AND WORKSHOPS TO NETWORK WITH SOME OF THE BRIGHTEST MINDS IN WASHINGTON'S LGBTQ+ AND GENDER-EXPANSIVE COMMUNITIES. GSBA ADVOCATES FOR POLICIES TO BENEFIT OUR MEMBERS AND COMMUNITY AT CITY, REGIONAL, STATE, AND FEDERAL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eve Hwang Chair | OfficerTrustee | 5 | $0 |
Masoud Torabi Chair Scholarship Fund | OfficerTrustee | 3 | $0 |
Barb Wilson Chair Public Policy | OfficerTrustee | 5 | $0 |
Roby Schapira Vice Chair | OfficerTrustee | 5 | $0 |
Susan Fuller Secretary | OfficerTrustee | 5 | $0 |
Jordie Neth Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $309,993 |
| Fundraising events | $0 |
| Related organizations | $123,431 |
| Government grants | $179,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $795,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,408,405 |
| Total Program Service Revenue | $682,130 |
| Investment income | $20,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,542 |
| 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 | $2,146,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,140 |
| 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. | $311,178 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,119,329 |
| Pension plan accruals and contributions | $14,555 |
| Other employee benefits | $92,217 |
| Payroll taxes | $115,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,593 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,130 |
| Advertising and promotion | $0 |
| Office expenses | $8,511 |
| Information technology | $36,585 |
| Royalties | $0 |
| Occupancy | $153,895 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $67,337 |
| Total functional expenses | $2,077,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,089 |
| Savings and temporary cash investments | $1,573,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,894 |
| 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 | $4,394 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,001,412 |
| Accounts payable and accrued expenses | $35,371 |
| Grants payable | $0 |
| Deferred revenue | $174,300 |
| 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 | $209,671 |
| Net assets without donor restrictions | $1,791,741 |
| 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 | $2,001,412 |
Grants Awarded
Over the last fiscal year, Greater Seattle Business Association has awarded $48,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALUEL CELLARS PURPOSE: READY FOR BUSINESS GRANT | $8,000 |
FLORA BAKEHOUSE PURPOSE: READY FOR BUSINESS GRANT | $12,000 |
BIG LITTLE NEWS PURPOSE: READY FOR BUSINESS GRANT | $16,000 |
STONE WAY EATERIES LLC PURPOSE: READY FOR BUSINESS GRANT | $12,000 |