Seward Chamber Of Commerce Inc
- Assets
- $743.4k
- Revenue
- $636.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Seward, AK
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 92-0061893
Organization Overview
Seward Chamber Of Commerce Inc is located in Seward, AK. The organization was established in 1986. 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. As of 12/2021, Seward Chamber Of Commerce Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seward Chamber Of Commerce Inc 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, Seward Chamber Of Commerce Inc generated $636.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $796.5k during the year ending 12/2021. While expenses have increased by 8.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND SUPPORT OUR MEMBERS IN MAINTAINING A DIVERSIFIED ECONOMY AND POSITIVE BUSINESS AND LIVING ENVIRONMENT IN THE GREATER SEWARD AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND SUPPORT OUR MEMBERS IN MAINTAINING A DIVERSIFIED ECONOMY AND POSITIVE BUSINESS AND LIVING ENVIRONMENT IN THE GREATER SEWARD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason C Bickling Executive Director | OfficerTrustee | 40 | $82,895 |
Kat Sorensen Executive Director (nov. 2021) | OfficerTrustee | 40 | $56,475 |
Carole Tallman President | OfficerTrustee | 4 | $0 |
Melissa Schutter Vice President | OfficerTrustee | 4 | $0 |
Von Terry Treasurer | OfficerTrustee | 4 | $0 |
Stephanie Millane Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $72,020 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $526,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,278 |
| Total Program Service Revenue | $70,153 |
| Investment income | $440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,593 |
| Net Income from Gaming Activities | $2,058 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,441 |
| 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. | $85,382 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,630 |
| Pension plan accruals and contributions | $3,065 |
| Other employee benefits | $2,344 |
| Payroll taxes | $22,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,125 |
| Fees for services: Accounting | $21,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,573 |
| Office expenses | $225,745 |
| Information technology | $4,348 |
| Royalties | $0 |
| Occupancy | $9,657 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,334 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,374 |
| Insurance | $6,923 |
| All other expenses | $816 |
| Total functional expenses | $796,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,768 |
| Savings and temporary cash investments | $290,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,695 |
| 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 | $63,586 |
| Net Land, buildings, and equipment | $248,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,546 |
| Other assets | $0 |
| Total assets | $743,394 |
| Accounts payable and accrued expenses | $96,110 |
| 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 | $300 |
| Total liabilities | $96,410 |
| Net assets without donor restrictions | $646,984 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $743,394 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seward Chamber Of Commerce Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Alaska State Chamber Of Commerce Anchorage, AK PURPOSE: Sleeves up for Summer Grant | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
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 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Merchant Risk Council Inc Seattle, WA | $6,892,922 | $3,889,563 |
Spokane Regional Chamber Of Commerce Spokane, WA | $2,334,125 | $4,049,802 |
Washington Tourism Alliance Seattle, WA | $3,846,718 | $5,068,269 |
Association Of Genuine Alaska Pollock Producers Seattle, WA | $3,606,525 | $3,582,021 |
Fiber Broadband Association Spokane, WA | $2,502,947 | $3,278,475 |