Somerset Community Association
- Assets
- $132.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 02/1976
- Data as of
- 12/2021
- EIN
- 51-0180664
Organization Overview
Somerset Community Association is located in Bellevue, WA. The organization was established in 1976. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, 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. Somerset Community Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Somerset Community Association generated $82.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $71.1k during the year ending 12/2021. 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 |
|---|---|---|---|
Diane Fern Vice President, Crc Chair, Sun Editor | 20 | $0 | |
Marie Vieth Treasurer | 10 | $0 | |
Sue Sanders Secretary | 10 | $0 | |
Chales Bofferding Crc Member | 5 | $0 | |
Kristen Iverson Membership Chair | 5 | $0 | |
Pete Mansfield Emergency Preparedness Chair | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,696 |
| Total Program Service Revenue | $14,904 |
| Membership dues | $62,736 |
| Investment income | $104 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,440 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,000 |
| Occupancy, rent, utilities, and maintenance | $28,958 |
| Printing, publications, postage, and shipping | $21,651 |
| Other expenses | $18,517 |
| Total expenses | $71,126 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,050 |
| Other assets | $0 |
| Total assets | $132,050 |
| Total liabilities | $0 |
| Net assets or fund balances | $132,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phinney Neighborhood Association Seattle, WA | $8,041,238 | $2,730,368 |
King City Civic Association Beaverton, OR | $3,665,046 | $1,249,299 |
Sodo Business Improvement Area Seattle, WA | $209,309 | $1,070,355 |
Community Associations Institute Shoreline, WA | $385,178 | $461,046 |
Neighborhoods West-Northwest Portland, OR | $168,647 | $421,398 |
Village Oaks Community Association Springfield, OR | $284,486 | $946 |
Willamette Light Brigade Portland, OR | $175,600 | $325,071 |
Bia Association Seattle, WA | $96,247 | $282,121 |
Southwest Spokane Community Center Spokane, WA | $162,534 | $0 |
Hood River Valley Residents Committee Inc Hood River, OR | $138,084 | $0 |
Hiddne Village Owners Association Olympia, WA | $1,529,857 | $94,834 |
Sugarloaf Community Association Williams, OR | $227,439 | $0 |