Palouse Chamber Of Commerce
- Assets
- $82.1k
- Revenue
- $132.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palouse, WA
- Founding
- 09/1985
- Data as of
- 08/2023
- EIN
- 91-1296139
Organization Overview
Palouse Chamber Of Commerce is located in Palouse, WA. The organization was established in 1985. 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. Palouse 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, Palouse Chamber Of Commerce generated $132.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $143.1k during the year ending 08/2023. While expenses have increased by 9.7% 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.
Since 2015, Palouse Chamber Of Commerce has awarded 24 individual grants totaling $311,881. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CHAMBER OF COMMERCE ACTIVITIES AND TO PROMOTE BUSINESS COORDINATION FOR THE BENEFIT OF THE COMMUNITY AND THE CITIZENS OF THE CITY OF PALOUSE WASHINGTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETTERMENT OF COMMUNITY THROUGH ACTIVITIES LISTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Goetz President | Officer | 5 | $0 |
Paula Echanove Vice President | Officer | 5 | $0 |
Janet Barstow Treasurer | Officer | 5 | $0 |
Penny Thurman Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,020 |
| Membership dues | $1,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $2,770 |
| Total Program Service Revenue | $129,675 |
| Investment income | $27 |
| 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 | $132,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,455 |
| 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. | $0 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73 |
| Advertising and promotion | $0 |
| Office expenses | $396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $3,600 |
| All other expenses | $2,062 |
| Total functional expenses | $143,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,277 |
| Savings and temporary cash investments | $23,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,104 |
| Accounts payable and accrued expenses | $1,064 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2 |
| Total liabilities | $1,066 |
| Net assets without donor restrictions | $81,038 |
| 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 | $82,104 |
Grants Awarded
Over the last fiscal year, Palouse Chamber Of Commerce has awarded $63,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
4H PART PURPOSE: COMMUNITY BETTERMENT | $11,300 |
FIRST WASHINGTON PURPOSE: STUDENT ROBOTICS SUPPORT | $9,500 |
GARPAL FFA PURPOSE: COMMUNITY BETTERMENT | $10,000 |
PALOUSE ARTS COUNCIL PURPOSE: COMMUNITY BETTERMENT | $7,000 |
PALOUSE LIBRARY PURPOSE: COMMUNITY BETTERMENT | $6,000 |
PALOUSE PAINTBALLERS PURPOSE: COMMUNITY BETTERMENT | $9,900 |