Greater Yakima Chamber Of Commerce
- Assets
- $704.3k
- Revenue
- $431.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Yakima, WA
- Founding
- 07/1937
- Data as of
- 06/2022
- EIN
- 91-0480620
Organization Overview
Greater Yakima Chamber Of Commerce is located in Yakima, WA. The organization was established in 1937. 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 06/2022, Greater Yakima Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Yakima 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 06/2022, Greater Yakima Chamber Of Commerce generated $431.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $400.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO BE AN ADVOCATE FOR OUR MEMBERS AND OUR BUSINESS COMMUNITY TO STRENGTHEN THE DEVELOPMENT OF OUR ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS - ASSISTING BUSINESSES WITH COMMUNITY AND STATEWIDE GOVERNMENTAL ISSUES.
AWARDS - THE CHAMBER PARTNERS WITH OTHERS TO ACCOMPLISH CURRENT YAKIMA COMMUNITY GOALS.
MEMBER BENEFITS - THE CHAMBER OFFERS AFFILIATED ASSOCIATIONS OF AMERICA ADVANTAGE TO EXPAND A BUSINESS EMPLOYEE BENEFIT PROGRAM. THERE WERE APPROXIMATELY 534 INDIVIDUALS SERVED DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Verlynn Best President & CEO | Officer | 40 | $66,564 |
Bob Gerst Past Chair | OfficerTrustee | 2 | $0 |
Kristi Foster Chair | OfficerTrustee | 2 | $0 |
Joe Mann Past Chair Advisor | OfficerTrustee | 1 | $0 |
Rich Austin Past Chair Advisor | OfficerTrustee | 1 | $0 |
Danelle Kindell Secretary/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,364 |
| 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 | $38,364 |
| Total Program Service Revenue | $291,297 |
| Investment income | $791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,083 |
| 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 | $431,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $815 |
| 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. | $72,585 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,811 |
| Pension plan accruals and contributions | $2,376 |
| Other employee benefits | $26,488 |
| Payroll taxes | $18,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,400 |
| Fees for services: Accounting | $15,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,975 |
| Office expenses | $42,291 |
| Information technology | $6,150 |
| Royalties | $0 |
| Occupancy | $70,780 |
| Travel | $2,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,216 |
| Insurance | $2,569 |
| All other expenses | $0 |
| Total functional expenses | $400,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,306 |
| Savings and temporary cash investments | $239,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,563 |
| 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 | $2,201 |
| Net Land, buildings, and equipment | $314,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $625 |
| Other assets | $76,264 |
| Total assets | $704,329 |
| Accounts payable and accrued expenses | $8,426 |
| Grants payable | $0 |
| Deferred revenue | $25,100 |
| 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 | $111,293 |
| Unsecured mortgages and notes payable | $141,667 |
| Other liabilities | $0 |
| Total liabilities | $286,486 |
| Net assets without donor restrictions | $417,843 |
| 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 | $704,329 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Yakima Chamber Of Commerce has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Yakima Valley Memorial Hospital Association Yakima, WA PURPOSE: General Support | $15,000 |
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 |