Covington Chamber Of Commerce
- Assets
- $120.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Valley, WA
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 91-1571550
Organization Overview
Covington Chamber Of Commerce is located in Maple Valley, WA. The organization was established in 1993. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covington 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, Covington Chamber Of Commerce generated $88.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $77.9k during the year ending 12/2021. While expenses have increased by 0.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cass Laney Board Chair | 2 | $0 | |
Scott Beusch Chair Elect | 0.5 | $0 | |
Bridget O'connor Treasurer | 1 | $0 | |
George Frasier Director | 0.5 | $0 | |
Mark Smith Director | 0.5 | $0 | |
Jeff Wagner Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,854 |
| Total Program Service Revenue | $21,028 |
| Membership dues | $48,113 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,998 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,824 |
| Professional fees and other payments to independent contractors | $4,077 |
| Occupancy, rent, utilities, and maintenance | $3,746 |
| Printing, publications, postage, and shipping | $306 |
| Other expenses | $23,926 |
| Total expenses | $77,879 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,041 |
| Other assets | $0 |
| Total assets | $120,532 |
| Total liabilities | $8,430 |
| Net assets or fund balances | $112,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |
Western Energy Institute Portland, OR | $4,801,520 | $4,393,865 |
Merchant Risk Council Inc Seattle, WA | $6,892,922 | $3,889,563 |