Spokane Area Business Foundation

Organization Overview

Spokane Area Business Foundation is located in Spokane, WA. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Spokane Area Business 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 12/2021, Spokane Area Business Foundation generated $60.8k 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 (18.0%) each year. All expenses for the organization totaled $51.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE SPOKANE AREA BUSINESS FOUNDATION IS TO ADVANCE THE QUALITY OF LIFE IN THE GREATER SPOKANE REGION BY BUILDING SUPPORT FOR PROGRAMS THAT STRENGTHEN EDUCATION, DEVELOP CIVIC LEADERSHIP, SUPPORT CULTURAL DIVERSITY, IMPROVE ECONOMIC AND COMMUNITY RESEARCH, AND BUILD CIVIC CAPITAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION SPOKANE HEROES: VOLUNTEER COMMITTEE IDENTIFIES AND FULFILLS NEEDS OF VETERANS BASED UPON REFERRALS FROM OTHER ORGANIZATIONS THAT PROVIDE SERVICES TO VETERANS.


EDUCATION PROGRAMS: INCLUDING SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) PROGRAM AND THE GREATER MINDS PROGRAM TO INCREASE THE NUMBER OF ADULTS COMPLETING UNDERGRADUATE PROGRAMS IN THE SPOKANE AREA


A DESCRIPTION REQUIRED HERE IN ORDER TO SATISFY SOFTWARE VERIFICATION. HOWEVER, THERE IS NO THIRD SERVICE ACCOMPLISHMENT TO DESCRIBE


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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$60,759
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$60,759
Total Program Service Revenue$0
Investment income $35
Tax Exempt Bond Proceeds $0
Royalties $0
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 $60,794

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Spokane Area Business Foundation has recieved totaling $3,000.

Awarding OrganizationAmount
Umpqua Bank Charitable Foundation

Portland, OR

PURPOSE: ELLO COMMUNITIES: EVERYDAY LANGUAGE AND LEARNING OPPORTUNITIES

$3,000
View Grant Recipient Profile

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