Covington Chamber Of Commerce
- Assets
- $107.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Valley, WA
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 91-1571550
Organization Overview
Covington Chamber Of Commerce is located in Maple Valley, WA. The organization was established in 1993. 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. Covington 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 12/2023, Covington Chamber Of Commerce generated $80.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $122.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Paxton Director | 0.5 | $0 | |
Bridget O'connor Board Chair | 2 | $0 | |
Scott Beusch Director | 0.5 | $0 | |
George Frasier Treasurer | 1 | $0 | |
Jean Wall Director | 0.5 | $0 | |
Mark Smith Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,930 |
| Total Program Service Revenue | $32,710 |
| Membership dues | $0 |
| Investment income | $4,806 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11,930 |
| Total Revenue | $80,376 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,716 |
| Professional fees and other payments to independent contractors | $15,103 |
| Occupancy, rent, utilities, and maintenance | $778 |
| Printing, publications, postage, and shipping | $450 |
| Other expenses | $41,706 |
| Total expenses | $122,753 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,130 |
| Other assets | $0 |
| Total assets | $107,115 |
| Total liabilities | $5,537 |
| Net assets or fund balances | $101,578 |