Whatcom Chamber Of Commerce And Industry
- Assets
- $157.3k
- Revenue
- $378.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Bellingham, WA
- Founding
- 03/1978
- Data as of
- 12/2023
- EIN
- 91-0141830
Organization Overview
Whatcom Chamber Of Commerce And Industry, operating under the name Bellingham Regional Chamber Of Comme Commerce & Industry, is located in Bellingham, WA. The organization was established in 1978. 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, Bellingham Regional Chamber Of Comme Commerce & Industry employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellingham Regional Chamber Of Comme Commerce & Industry 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, Bellingham Regional Chamber Of Comme Commerce & Industry generated $378.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $426.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP LOCAL BUSINESS AND INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND PROMOTION OF COMMERCIAL, INDUSTRIAL, FINANCIAL AND GENERAL BUSINESS ENVIRONMENT OF WHATCOM COUNTY. THE CHAMBER'S CORE COMPETENCIES: CREATING A STRONG ECONOMY, PROMOTING THE COMMUNITY, REPRESENTING THE INTERESTS OF BUSINESS WITH GOVERNMENT, PROVIDING NETWORKING OPPORTUNITIES, AND FACILITATING FACTUALLY-GROUNDED DIALOGUE WITH BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luna Cale Member | Trustee | 1 | $0 |
Pedack Erin Member | Trustee | 0.25 | $0 |
Boucher Thomas Member | Trustee | 0.25 | $0 |
Ferguson Lesa Member | Trustee | 0.25 | $0 |
Bowen Anne Member | Trustee | 0.25 | $0 |
Roselli Chris Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,540 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,840 |
| Total Program Service Revenue | $314,888 |
| Investment income | $887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,180 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$81,389 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,857 |
| 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. | $77,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,585 |
| Advertising and promotion | $8,394 |
| Office expenses | $4,913 |
| Information technology | $10,940 |
| Royalties | $0 |
| Occupancy | $107,433 |
| Travel | $1,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,825 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,141 |
| Insurance | $6,180 |
| All other expenses | $3,444 |
| Total functional expenses | $426,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,273 |
| 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 | $2,700 |
| Net Land, buildings, and equipment | $2,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,320 |
| Accounts payable and accrued expenses | $9,089 |
| Grants payable | $0 |
| Deferred revenue | $9,336 |
| 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 | $8,518 |
| Total liabilities | $26,943 |
| Net assets without donor restrictions | $130,377 |
| 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 | $157,320 |