Langley Chamber Of Commerce
- Assets
- $158.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Langley, WA
- Founding
- 11/1976
- Data as of
- 12/2022
- EIN
- 91-0971378
Organization Overview
Langley Chamber Of Commerce is located in Langley, WA. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Langley 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 12/2022, Langley Chamber Of Commerce generated $151.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $115.9k during the year ending 12/2022. While expenses have increased by 4.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE ECONOMIC DEVELOPMENT THROUGH TOURISM, LOCAL COMMUNITY OUTREACH AND CHAMBE MEMBERSHIP PROGRAMS AND WORKSHOPS, ABOUT 200 BUSINESS AND INDVIDUAL MEMBERS PARTICIPATE AS WELL AS COMMUNITY VOLUNTEERS DURING TOURISME EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Lundahl Vice President | 1 | $0 | |
Tom Felvey Director | 1 | $0 | |
Lilly Van Gerbig President | 1 | $0 | |
Loretta Martin Treasurer | 1 | $0 | |
Cynthia Tilken Director | 1 | $0 | |
Jennifer Wilkins Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,212 |
| Total Program Service Revenue | $340 |
| Membership dues | $29,399 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,500 |
| Other Revenue | $0 |
| Total Revenue | $151,451 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $79,579 |
| Professional fees and other payments to independent contractors | $6,454 |
| Occupancy, rent, utilities, and maintenance | $12,171 |
| Printing, publications, postage, and shipping | $4,691 |
| Other expenses | $12,985 |
| Total expenses | $115,880 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,317 |
| Other assets | $0 |
| Total assets | $158,693 |
| Total liabilities | $80,495 |
| Net assets or fund balances | $78,198 |