Long Beach Merchants
- Assets
- $112.5k
- Revenue
- $100.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Long Beach, WA
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 91-1264766
Organization Overview
Long Beach Merchants is located in Long Beach, WA. The organization was established in 1991. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Long Beach Merchants employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Beach Merchants 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, Long Beach Merchants generated $100.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $113.4k during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 5 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
TICKETS AND MERCHANDISE SALES FOR SEVERAL FESTIVALS THROUGHOUT THE YEAR DESIGNED TO ATTRACT TOURISM AND SHOPPING TO LOCAL AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITORS CENTER SELLS MERCHANDISE FOR ALL FUNDRAISING EVENTS HELD DURING THE YEAR. IT ALSO PROVIDES BUSINESS SERVICES FOR LOCAL BUSINESSES.
SANDSATIONS IS A SAND CASTLE EVENT HELD ANNUALLY.
RAZOR CLAM FESTIVAL - ANNUAL EVENT CELEBRATING HARVESTING RAZOR CLAMS FROM OUR LOCAL BEACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Jensen President | Officer | 2 | $0 |
Mary A Kanz Secretary | Officer | 2 | $0 |
William C Svendsen Treasurer | Officer | 5 | $0 |
Daneka Ewert Director | Trustee | 1 | $0 |
Gayle Dillon Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,238 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,425 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$46,047 |
| Net Income from Gaming Activities | $310 |
| Net Income from Sales of Inventory | $19,444 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,144 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,699 |
| Fees for services: Management | $6,379 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,325 |
| Office expenses | $9,128 |
| Information technology | $4,082 |
| Royalties | $0 |
| Occupancy | $2,439 |
| 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 | $5,261 |
| Insurance | $3,785 |
| All other expenses | $7,775 |
| Total functional expenses | $113,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,024 |
| Savings and temporary cash investments | $24,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,049 |
| 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 | $27,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,494 |
| Accounts payable and accrued expenses | $3,520 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,520 |
| 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 | $86,960 |
| Retained earnings, endowment, accumulated income, or other funds | $22,014 |
| Total liabilities and net assets/fund balances | $112,494 |