Tri-City Regional Chamber Ofcommerce
- Assets
- $654.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Kennewick, WA
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 20-4120487
Organization Overview
Tri-City Regional Chamber Ofcommerce is located in Kennewick, WA. The organization was established in 2015. 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 12/2022, Tri-City Regional Chamber Ofcommerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-City Regional Chamber Ofcommerce 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 12/2022, Tri-City Regional Chamber Ofcommerce generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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
WE PROMOTE REGIONAL PROSPERITY AND STRENGTHEN OUR MEMBER BUSINESSES THROUGH ADVOCACY, LEADERSHIP, NETWORKING, AND INNOVATIVE BUSINESS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: THE CHAMBER PUBLISHES THE FOLLOWING ITEMS TO ASSIST AREA BUSINESSES: 1) MONTHLY NEWSLETTER 2) ANNUAL MEMBERSHIP DIRECTORY 3) RELOCATION PACKAGES 4) NEWCOMERS LISTING 5) TRI-CITIES AREA MAP MEETINGS: THE CHAMBER HOLDS THE FOLLOWING MEETINGS FOR ITS MEMBERS: 1) MONTHLY GENERAL MEMBERSHIP MEETINGS 2) LEGISLATIVE HOTLINE MEETINGS 3) RIBBON CUTTING CEREMONIES 4) BUSINESS ROUNDTABLES OTHER: THE CHAMBER HAS VARIOUS OTHER PROGRAMS: 1) REFERRAL SERVICE 2) ONLINE INFORMATION SERVICE CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Arneson Director | OfficerTrustee | $0 | |
Torey Azure Director | Trustee | $0 | |
Amy Basche Director | OfficerTrustee | $0 | |
George Booth Director | Trustee | $0 | |
Roschel Bladow Director | Trustee | $0 | |
Paul Carlisle Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $251,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,308 |
| Total Program Service Revenue | $954,747 |
| Investment income | $0 |
| 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 | $1,211,055 |
| 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 | $524,840 |
| Pension plan accruals and contributions | $14,592 |
| Other employee benefits | $33,582 |
| Payroll taxes | $55,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,888 |
| Office expenses | $17,186 |
| Information technology | $21,473 |
| Royalties | $0 |
| Occupancy | $49,770 |
| Travel | $12,530 |
| 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 | $936 |
| Insurance | $3,954 |
| All other expenses | $145,960 |
| Total functional expenses | $1,174,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,925 |
| Savings and temporary cash investments | $255,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,068 |
| 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 | $0 |
| Net Land, buildings, and equipment | $774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,475 |
| Total assets | $654,242 |
| Accounts payable and accrued expenses | $16,087 |
| 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 | $14,900 |
| Total liabilities | $30,987 |
| Net assets without donor restrictions | $560,966 |
| Net assets with donor restrictions | $62,289 |
| 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 | $654,242 |