Thurston County Chamber Foundation
- Assets
- $1.6m
- Revenue
- $662.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Olympia, WA
- Founding
- 10/1996
- Data as of
- 06/2022
- EIN
- 91-1543494
Organization Overview
Thurston County Chamber Foundation is located in Olympia, WA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thurston County Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Thurston County Chamber Foundation generated $662.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $611.8k during the year ending 06/2022. While expenses have increased by 4.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE PRESENT AND FUTURE BUSINESS AND COMMUNITY LEADERS. SUPPORT COMMUNITY PARTNERS IN CREATING HEALTHY AND VIBRANT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS INCUBATOR: THE THURSTON COUNTY SMALL BUSINESS INCUBATOR IS CREATING JOBS BY HELPING ENTREPRENEURS AND SMALL BUSINESSES ACCESS THE RESOURCES THEY NEED FOR GROWTH AND LONG-TERM SUCCESS. THE INCUBATOR, A PROJECT OF THE THURSTON COUNTY CHAMBER FOUNDATION, IS SUPPORTED BY THE FOUNDATION, THE THURSTON COUNTY CHAMBER OF COMMERCE, THE BUSINESS COMMUNITY, AND LOCAL AND STATE GOVERNMENTS.20 PEOPLE SERVED.
FUND AN EDUCATIONAL PROGRAM HOSTED BY THE AREA SCHOOL DISTRICT AND THE THURSTON CHAMBER FOUNDATION WHICH ASSISTS STUDENTS IN EXPLORING AND UNDERSTANDING CAREER OPPORTUNITIES AND THE SKILLS AND EDUCATION REQUIRED FOR THOSE CAREERS. THIS IS A BIENNIAL EVENT. BUSINESS2YOUTH CONNECT: PROVIDING OPPORTUNITIES FOR JOB PATHWAYS, WORK READINESS AND POSITIVE YOUTH DEVELOPMENT FOR A STRONG AND SUCCESSFUL COMMUNITY.
LEADERSHIP THURSTON COUNTY: A PROGRAM TO DEVELOP INFORMED, SKILLED AND COMMITTED LEADERSHIP REPRESENTATIVE OF THE AREA'S DIVERSE CITIZENS. THE PROGRAM WAS ESTABLISHED TO DEVELOP COMMUNITY LEADERS. IT IS A LOCAL PROGRAM CREATED SPECIFICALLY FOR OUR COMMUNITY AND DESIGNED TO HELP PARTICIPANTS: - ACQUIRE KNOWLEDGE AND A BROAD UNDERSTANDING OF THE COMPLEX ISSUES FACING SOUTH SOUND. - BUILD RELATIONSHIPS FOR COLLABORATIVE EFFORTS NEEDED TO RESOLVE CHALLENGES. - ENHANCE LEADERSHIP SKILLS THROUGH EXPERIENCES WITH COMMUNITY LEADERS AND OTHER ACTIVITIES DURING THE YEAR.40 STUDENTS SERVED.
THURSTON THRIVES IS A COMMUNITY INITIATIVE TO IMPROVE THE HEALTH AND SAFETY FOR ALL PEOPLE IN THURSTON COUNTY. USING A COLLECTIVE IMPACT FRAMEWORK, THURSTON THRIVES BRINGS TOGETHER LOCAL JURISDICTIONS, BUSINESSES AND NONPROFITS TO FIND NEW WAYS OF WORKING TOGETHER TO ADDRESS OUR REGIONS' MOST PRESSING NEEDS.750 PEOPLE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Adney Treasurer | OfficerTrustee | 1 | $0 |
David Schaffert Secretary | OfficerTrustee | 1 | $0 |
Joanna West Past Chair | OfficerTrustee | 1 | $0 |
Joseph Lanham Chair | OfficerTrustee | 1 | $0 |
Kevin Stormans Vice Chair | OfficerTrustee | 1 | $0 |
Michelle Wickett Chair Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,088 |
| Noncash contributions included in lines 1a–1f | $12,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,088 |
| Total Program Service Revenue | $212,110 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,646 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $161,268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $662,375 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,692 |
| Office expenses | $458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,600 |
| 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 | $46,991 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $611,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,757 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,239 |
| Net Land, buildings, and equipment | $1,163,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,224 |
| Total assets | $1,587,684 |
| Accounts payable and accrued expenses | $4,937 |
| Grants payable | $0 |
| Deferred revenue | $33,530 |
| 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 | $725,503 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $40,839 |
| Total liabilities | $904,809 |
| Net assets without donor restrictions | $531,994 |
| Net assets with donor restrictions | $150,881 |
| 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 | $1,587,684 |