Bellevue Chamber Of Commerce
- Assets
- $741.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Bellevue, WA
- Founding
- 01/1949
- Data as of
- 08/2023
- EIN
- 91-0533602
Organization Overview
Bellevue Chamber Of Commerce is located in Bellevue, WA. The organization was established in 1949. 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 08/2023, Bellevue Chamber Of Commerce employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellevue 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 08/2023, Bellevue Chamber Of Commerce generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 08/2023. While expenses have increased by 5.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE VOICE OF BUSINESS BY FOSTERING A HEALTHY BUSINESS ENVIRONMENT AND PROVIDING STRATEGIC LEADERSHIP, ADVOCACY, TOOLS AND RESOURCES FOR BUSINESS SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMITTEE OPERATIONS: PROVIDE A FORUM FOR BUSINESS ISSUES, SPONSOR CONTINUING EDUCATION PROGRAMS AND SERVE AS A CONDUIT FOR BUSINESS AND THE LOCAL COMMUNITY.
ANNUAL PROJECTS: RECOGNIZE AND HONOR ACHIEVEMENT WITHIN THE COMMUNITY, BY HONORING VOLUNTEERS AND BUSINESS LEADERS.
SPECIAL PROJECTS: PROMOTE GROWTH AND RETENTION OF HIGH TECH BUSINESS WITHIN THE LOCAL COMMUNITY.
PUBLICATIONS: INFORM AND EDUCATE MEMBERS ABOUT CHAMBER PROGRAMS, BUSINESS ISSUES AND EVENTS VIA NEWSLETTERS, BROCHURES, WEBSITE ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Osborne Chair | OfficerTrustee | 1 | $0 |
Pearl Leung Chair-Elect | OfficerTrustee | 1 | $0 |
Brandon Kirkbride Ex-Offico | Trustee | 1 | $0 |
Aaron August Director | Trustee | 1 | $0 |
Abigail Deweese Director | Trustee | 1 | $0 |
Alison Washburn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| 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 | $25,000 |
| Total Program Service Revenue | $1,402,678 |
| Investment income | $862 |
| 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 | $1,431,535 |
| 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. | $427,583 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $294,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,224 |
| Payroll taxes | $64,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,601 |
| Fees for services: Accounting | $46,925 |
| Fees for services: Lobbying | $6,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,580 |
| Advertising and promotion | $5,683 |
| Office expenses | $94,837 |
| Information technology | $74,904 |
| Royalties | $0 |
| Occupancy | $126,129 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $407,851 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,453 |
| Insurance | $9,667 |
| All other expenses | $0 |
| Total functional expenses | $1,645,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,648 |
| Savings and temporary cash investments | $399,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,141 |
| 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 | $14,521 |
| Net Land, buildings, and equipment | $7,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $741,878 |
| Accounts payable and accrued expenses | $56,565 |
| Grants payable | $0 |
| Deferred revenue | $740,624 |
| 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 | $0 |
| Total liabilities | $797,189 |
| Net assets without donor restrictions | -$55,311 |
| 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 | $741,878 |