Industrial Commission
- Assets
- $5.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chehalis, WA
- Founding
- 07/2001
- Data as of
- 03/2022
- EIN
- 91-1985089
Organization Overview
Industrial Commission is located in Chehalis, WA. The organization was established in 2001. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Industrial Commission is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Industrial Commission generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $319.3k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Industrial Commission has awarded 29 individual grants totaling $1,634,233. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ca Buck Hubbert Chairman | 0 | $0 | |
John Alexander Board Member | 0 | $0 | |
Larry Petersen Board Member | 0 | $0 | |
Brian Tornow Vice President | 0 | $0 | |
Thomas D Bradley President | 0 | $0 | |
Greg Lund Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,000 |
| Dividends & Interest | $0 |
| Net Rental Income | $134,350 |
| Net Gain on Sale of Assets | $1,737,173 |
| Capital Gain Net Income | $1,737,173 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,950,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $13,750 |
| Pension plans, employee benefits | $0 |
| Interest | $11,071 |
| Taxes | $103,972 |
| Depreciation | $35,678 |
| Occupancy | $4,575 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,017 |
| Total operating and administrative expenses | $290,278 |
| Contributions, gifts, grants paid | $29,000 |
| Total expenses and disbursements | $319,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,725 |
| Savings and temporary cash investments | $1,504,940 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $320,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $3,428,955 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,331,620 |
| Accounts payable and accrued expenses | $105 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $22,101 |
| Total liabilities | $22,206 |
Grants Awarded
Over the last fiscal year, Industrial Commission has awarded $1,280,337 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
PORT OF CHEHALIS PURPOSE: DONATION WILL ALLOW PORT TO DEVELOP LAND FOR ADDITIONAL JOBS AND EXPAND RAIL SYSTEM IN THE CHEHALIS INDUSTRIAL PARK TO SERVE NEW AND EXISTING BUSINESSES. | $351,529 |
PORT OF CHEHALIS PURPOSE: DONATION WILL ALLOW PORT TO DEVELOP LAND FOR ADDITIONAL JOBS AND EXPAND RAIL SYSTEM IN THE CHEHALIS INDUSTRIAL PARK TO SERVE NEW AND EXISTING BUSINESSES. | $351,529 |
PORT OF CHEHALIS PURPOSE: DONATION WILL ALLOW PORT TO DEVELOP LAND FOR ADDITIONAL JOBS AND EXPAND RAIL SYSTEM IN THE CHEHALIS INDUSTRIAL PARK TO SERVE NEW AND EXISTING BUSINESSES. | $351,529 |
LEWIS CNTY ECONOMIC DVLPMT CNC PURPOSE: TO ASSIST WITH COSTS OF CONTACTING AND RECRUITING INDUSTRIAL FIRMS. | $36,250 |
LEWIS CNTY ECONOMIC DVLPMT CNC PURPOSE: TO ASSIST WITH COSTS OF CONTACTING AND RECRUITING INDUSTRIAL FIRMS. | $36,250 |
LEWIS CNTY ECONOMIC DVLPMT CNC PURPOSE: TO ASSIST WITH COSTS OF CONTACTING AND RECRUITING INDUSTRIAL FIRMS. | $36,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Sound Economic Development Corporation Anchorage, AK | $393,228,467 | $59,416,266 |
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |