World Trade Center Tacoma
- Assets
- $46.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 91-1423550
Organization Overview
World Trade Center Tacoma is located in Tacoma, WA. The organization was established in 1991. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. World Trade Center Tacoma 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, World Trade Center Tacoma generated $127.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $86.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 7 years. 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 Mission:
Part 3 - Line 1
THE MISSION AT WORLD TRADE CENTER IS TO FOSTER BUSINESS AND COMMUNITY DEVELOPMENT BY ENHANCING WASHINGTON STATE'S CAPACITY FOR INTERNATIONAL TRADE. TO THIS EFFECT, THE WTC TACOMA WILL DEDICATE ITS EFFORTS TO PROVIDE ASSISTANCE TO COMPANIES INTERESTED OR INVOLVED IN GLOBAL TRADE.
Describe the Organization's Program Activity:
Part 3
THE INTERNATIONAL TRADE AND INVESTMENT PROGRAM BRINGS SMALL AND MEDIUM SIZED ENTERPRISES (SME) FROM THE LOCAL AREA INTO INTERNATIONAL MARKETS AND INTERNATIONAL SME'S INTO THE US MARKET TO GROW BUSINESS, AND DEVELOP COMMERCIAL RELATIONSHIPS.
TRADE AND INVESTMENT MISSIONS - TARGETED SOLUTIONS FOR INDIVIDUAL CLIENTS WHO NEED EXTRA ATTENTION AND ASSISTANCE FROM THE WTC TACOMA. THESE CAN AND DO TAKE A VARIETY OF FORMS FROM DIRECT MATCHMAKING TO EXECUTING PROJECTS FROM BEGINNING TO COMPLETION. A TRADE AND INVESTMENT MISSION WAS ORGANIZED IN DECEMBER 2018 TO FOUR CITIES IN INDIA, WHERE MULTIPLE MEETINGS IN EACH CITY WERE ARRANGED FOR MATCHMAKING FOR WTC CLIENTS.
TRAINING/EDUCATION/NETWORKING/PROMOTION - PROVIDING TOOLS AND RESOURCES FOR OUR MEMBERSHIP TO HELP THEM DEVELOP AND EXPAND THEIR IMPORT AND EXPORT ACTIVITY AS WELL AS PROVIDING OPPORTUNITIES FOR NETWORKING AND PROMOTION. ELEVEN EVENTS WERE ORGANIZED FOR MEMBER EDUCATION, NETWORKING, MATCHMAKING,MEMBER RECRUITMENT AND WTC TACOMA SERVICES PROMOTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Kopp Board Member | 0 | $0 | |
David Graybill Chairman | 1 | $0 | |
Kathy Peterman Board Member | 0 | $0 | |
Jeff Jagosh Board Member | 0 | $0 | |
David Olson Board Member | 0 | $0 | |
Alex Trettin Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $127,866 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127,866 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $29,192 |
| Occupancy, rent, utilities, and maintenance | $3,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,194 |
| Total expenses | $85,986 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $506 |
| Other assets | $0 |
| Total assets | $46,721 |
| Total liabilities | $1,074 |
| Net assets or fund balances | $45,647 |
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