Lynden Chamber Of Commerce
- Assets
- $221.3k
- Revenue
- $317.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Lynden, WA
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 91-1146800
Organization Overview
Lynden Chamber Of Commerce is located in Lynden, WA. The organization was established in 1981. 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 12/2022, Lynden Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynden 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, Lynden Chamber Of Commerce generated $317.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $335.3k during the year ending 12/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LYNDEN CHAMBER OF COMMERCE WAS FORMED TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND CIVIC INTERESTS OF THE CITY OF LYNDEN AND ITS TRADING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHWEST RASPBERRY FESTIVAL IS AN ANNUAL CELEBRATION OF THE RASPBERRY INDUSTRY THAT PROMOTES LYNDEN AND SUPPORTS LOCAL BUSINESSES.
THE CHAMBER HAS A NUMBER OF EVENTS AND PROGRAMS TO PROMOTE COMMERCE AND TOURISM, INCLUDING A CHRISTMAS PARADE, A FARMERS PARADE, A VISITORS CENTER, A HARVEST FESTIVAL AND OTHERS.
THE COMMUNITY CASH BACK PROGRAM BEGAN IN 1998 AND PROMOTES THE LOCAL MERCHANTS BY ENCOURAGING PEOPLE TO SHOP IN THE LYNDEN COMMUNITY AND SUPPORT NON-PROFIT ORGANIZATIONS AT THE SAME TIME. MERCHANTS GIVE 10% REBATE ON PURCHASES TO LOCAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan Dochovski Vice President | OfficerTrustee | 1 | $0 |
Calvin Den Hartog Director | Trustee | 1 | $0 |
Jeannette Sharp Director | Trustee | 1 | $0 |
Heidi Mcdowell Director | Trustee | 1 | $0 |
Dave Dodson Director | Trustee | 1 | $0 |
Jess Alsum President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $126,000 |
| 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 | $126,000 |
| Total Program Service Revenue | $190,658 |
| Investment income | $1,185 |
| 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 | $317,843 |
| 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. | $92,264 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,823 |
| Payroll taxes | $30,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,408 |
| Office expenses | $3,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,452 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $335,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,871 |
| Savings and temporary cash investments | $90,433 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,928 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,700 |
| Total assets | $221,298 |
| Accounts payable and accrued expenses | $8,665 |
| Grants payable | $0 |
| Deferred revenue | $57,565 |
| 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 | $66,230 |
| Net assets without donor restrictions | $0 |
| 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 | $155,068 |
| Total liabilities and net assets/fund balances | $221,298 |