Industrial Commission
- Assets
- $6.6m
- Revenue
- $364.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chehalis, WA
- Founding
- 07/2001
- Data as of
- 03/2024
- 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 03/2024, Industrial Commission generated $364.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $245.1k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Industrial Commission has awarded 32 individual grants totaling $1,393,396. 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 |
|---|---|---|---|
Frank Devaul Secretary | 0 | $0 | |
Larry Petersen Board Member | 0 | $0 | |
Dwayne Aberle Board Member | 0 | $0 | |
Brian Tornow President | 0 | $0 | |
Kirk Vigre Treasurer | 0 | $0 | |
Tim Sayler Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $240,807 |
| Dividends & Interest | $0 |
| Net Rental Income | $96,410 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $364,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $14,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,245 |
| Depreciation | $11,421 |
| Occupancy | $4,860 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,817 |
| Total operating and administrative expenses | $192,063 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $245,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,823 |
| Savings and temporary cash investments | $4,096,544 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $313 |
| Net Investments - land, buildings, equipment | $2,449,993 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,594,673 |
| Accounts payable and accrued expenses | $165 |
| 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 | $0 |
| Total liabilities | $165 |
Grants Awarded
Over the last fiscal year, Industrial Commission has awarded $53,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS GIRLS CLUB OF LEWIS COUNTY PURPOSE: TO ASSIST THE ORGANIZATION IN FUNDING ITS MISSION TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. | $10,000 |
ECONOMIC ALLIANCE OF LEWIS COUNTY PURPOSE: TO ASSIST WITH COSTS OF CONTACTING AND RECRUITING INDUSTRIAL FIRMS. | $33,000 |
KIDDIN AROUND PURPOSE: TO PROVIDE WASHINGTON BUSINESS WEEK EDUCATIONAL PROGRAM TO HIGH SCHOOL JUNIORS | $10,000 |