Spokane Regional Chamber Of Commerce
- Assets
- $2.3m
- Revenue
- $4.0m
- Investments
- $8.4k
- Employees
- 33
- Location
- Spokane, WA
- Founding
- 09/1925
- Data as of
- 12/2021
- EIN
- 91-0418800
Organization Overview
Spokane Regional Chamber Of Commerce, operating under the name Greater Spokane Incorporated, is located in Spokane, WA. The organization was established in 1925. 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, Greater Spokane Incorporated employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Spokane Incorporated 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, Greater Spokane Incorporated generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Greater Spokane Incorporated has awarded 53 individual grants totaling $24,173,013. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREATER SPOKANE INCORPORATED (GSI) IS A BUSINESS DEVELOPMENT ORGANIZATION. OUR MISSION IS TO LEAD TRANSFORMATIVE BUSINESS & COMMUNITY INITIATIVES TO BUILD A ROBUST REGIONAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP & EVENTS: TO PROMOTE REGIONAL BUSINESS THROUGH NETWORKING EVENTS AND PUBLICATIONS. TO FACILITATE DECISION-MAKING REGARDING REGIONAL INFRASTRUCTURE INVESTMENTS AND TO EDUCATE BUSINESS THROUGH TRAINING PROGRAMS.
GREATER GROWTH: GSI PROVIDES PROGRAMMING AND SUPPORTS THE SUCCESS OF BUSINESS THROUGH ALL PHASES OF DEVELOPMENT - SUPPORTING ENTREPRENEURS AND STARTUPS, HELPING CURRENT COMPANIES EXPAND, RETAINING COMPANIES IN THE REGION AND RECRUITING NEW ONES TO THE AREA. ECONOMIC DEVELOPMENT IS ALSO SUPPORTED BY RECRUITING EFFORTS IN HIGH-GROWTH AND HIGH-POTENTIAL INDUSTRIES INCLUDING LIFE SCIENCES, AEROSPACE, AGRICULTURE, MANUFACTURING AND PROFESSIONAL SERVICES AND MARKET THE REGION AS A COMPETITIVE PLACE TO DO BUSINESS.
GREATER TALENT: CAREER CONNECT NORTHEAST IS THE BACKBONE TO PROVIDING CAREER-CONNECTED LEARNING AND STEM EXPERIENCES. PARTNERSHIPS ARE CREATED BETWEEN BUSINESSES AND EDUCATORS TO BUILD A WORKFORCE WITH THE SKILLS AND TALENT TO BE SUCCESSFUL. THIS INCLUDES PROGRAMS SUCH AS TEACHING THE TEACHERS, BUSINESS AFTERSCHOOL AND GREATER MINDS. THE SPOKANE STEM NETWORK ENGAGES STUDENTS WITH THE GOAL OF INCREASING THE NUMBER OF STUDENTS PURSUING STEM COMPETENCIES FOR THEIR FUTURE CAREERS. OUR GREATER MINDS INITIATIVE WORKS TO IMPROVE EDUCATION ATTAINMENT FOR ADULTS IN SPOKANE COUNTY, CONTRIBUTING TO THE COMMUNITY GOAL OF INCREASING THE PERCENTAGE OF ADULTS WITH DEGREES.
GREATER VOICE: GSI WORKS WITH THE BUSINESS COMMUNITY TO ADVANCE POLICIES THAT THAT SUPPORT BUSINESS, LIKE LOWERING WORKERS COMPENSATION AND UNEMPLOYMENT INSURANCE AND ENHANCING OUR ECONOMY THROUGH ECONOMIC DEVELOPMENT AND WORKFORCE DEVELOPMENT INITIATIVES, AND FACILITIES AND INFRASTRUCTURE IMPROVEMENTS. ANNUALLY, GSI DEVELOPS STATE AND FEDERAL LEGISLATIVE AGENDAS THAT BRING TOGETHER AND ADVOCATE FOR COMMUNITY INTERESTS IN BUSINESS, TRANSPORTATION, EDUCATION, HEALTHCARE, MILITARY AFFAIRS, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisha Benson CEO | Officer | 40 | $217,443 |
Gary Ballew VP Economic Development | 40 | $108,985 | |
F Dale Damron VP Finance | Officer | 40 | $85,659 |
Marcelo Morales Chair-Elect | OfficerTrustee | 1 | $0 |
Michelle Hege Past-Chair | OfficerTrustee | 1 | $0 |
Paul Read Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,556,182 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,221,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $590,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,367,456 |
| Total Program Service Revenue | $638,198 |
| Investment income | $8,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,300 |
| 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 | $4,049,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,292 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $326,887 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,387,252 |
| Pension plan accruals and contributions | $57,642 |
| Other employee benefits | $204,770 |
| Payroll taxes | $146,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,107 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $156,359 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $331,317 |
| Advertising and promotion | $228,118 |
| Office expenses | $127,946 |
| Information technology | $191,565 |
| Royalties | $0 |
| Occupancy | $328,134 |
| Travel | $13,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,995 |
| Insurance | $21,281 |
| All other expenses | $22,159 |
| Total functional expenses | $3,829,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $864,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $545,641 |
| 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 | $83,556 |
| Net Land, buildings, and equipment | $301,226 |
| Investments—publicly traded securities | $530,641 |
| Investments—other securities | $8,419 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,334,125 |
| Accounts payable and accrued expenses | $200,743 |
| Grants payable | $0 |
| Deferred revenue | $430,807 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,928 |
| 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 | $0 |
| Total liabilities | $633,478 |
| Net assets without donor restrictions | $1,584,375 |
| Net assets with donor restrictions | $116,272 |
| 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 | $2,334,125 |
Grants Awarded
Over the last fiscal year, Spokane Regional Chamber Of Commerce has awarded $24,173,013 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
Spokane, WA PURPOSE: CARES Act Grant | $23,075,000 |
Spokane Valley, WA PURPOSE: CARES Act Grant | $234,951 |
Airway Heights, WA PURPOSE: CARES Act Grant | $88,130 |
Spokane, WA PURPOSE: CARES Act Grant | $79,408 |
SPOKANE INDEPENDENT METRO BUSINESS ALLIANCE PURPOSE: CARES Act Grant | $49,773 |
NORTHEAST PUBLIC DEVELOPMENT AUTHORITY PURPOSE: CARES Act Grant | $40,071 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Spokane Regional Chamber Of Commerce has recieved totaling $149,775.
| Awarding Organization | Amount |
|---|---|
Providence Health & Services Washington Renton, WA PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $50,000 |
Washington Stem Center Seattle, WA PURPOSE: IMPLEMENTATION GRANT | $37,500 |
Washington Stem Center Seattle, WA PURPOSE: IMPLEMENTATION GRANT | $37,500 |
Washington Stem Center Seattle, WA PURPOSE: IMPLEMENTATION GRANT | $10,000 |
Washington Stem Center Seattle, WA PURPOSE: CAREER PATHWAYS ACTIVITY GRANT | $8,000 |
Washington Stem Center Seattle, WA PURPOSE: EARLY LEARNING ACTIVITY GRANT | $6,775 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
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 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |