Fife Chamber Of Commerce
- Assets
- $70.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Fife, WA
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 94-3117909
Organization Overview
Fife Chamber Of Commerce is located in Fife, WA. The organization was established in 1990. 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 12/2023, Fife Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fife 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 12/2023, Fife Chamber Of Commerce generated $104.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $100.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, EDUCATE, AND ADVOCATE FOR BUSINESS IN FIFE, MILTON, AND EDGEWOOD.
Describe the Organization's Program Activity:
Part 3
MEMBERSHIP SPECIAL EVENTS, SUCH AS BANQUETS, AUCTIONS, LUNCHEONS, CHAMBER AFTER-HOURS NETWORKING EVENTS, AND MEMBER MEETINGS, TO HELP PROMOTE COMMUNITY SPIRIT, COMMERCE, AND TOURISM IN FIFE, MILTON, AND EDGEWOOD.
OTHER
MEMBERSHIP DUES COLLECTED ARE USED TO ENHANCE COMMERCE WITHIN THE FIFE, MILTON, AND EDGEWOOD BUSINESS COMMUNITY BY PROVIDING NETWORKING OPPORTUNITIES THROUGH BUSINESS LETTERS AND MEMBERSHIP MEETINGS.
MEMBERSHIP DIRECTORY ENHANCES COMMERCE AND COMMUNITY SPIRIT WITHIN THE BUSINESS COMMUNITY OF FIFE, MILTON, AND EDGEWOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Boyer Board Chairperson | 1 | $0 | |
Lora Butterfield Treasurer | 0 | $0 | |
Jessie Holden Secretary | 0 | $0 | |
Katie Flannigan Board Member | 0 | $0 | |
Austin Neilson Board Member | 0 | $0 | |
Marie Dudleykidwell Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,500 |
| Total Program Service Revenue | $3,840 |
| Membership dues | $45,600 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,940 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,554 |
| Professional fees and other payments to independent contractors | $19,158 |
| Occupancy, rent, utilities, and maintenance | $17,312 |
| Printing, publications, postage, and shipping | $143 |
| Other expenses | $19,323 |
| Total expenses | $100,490 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,797 |
| Other assets | $0 |
| Total assets | $70,550 |
| Total liabilities | $9,235 |
| Net assets or fund balances | $61,315 |