Civic Intelligence

Ethnic Chamber of Commerce Coalition

EIN 81-1023026 • 501(c)6 • Seattle, WA

990-N Coverage

Profile

Promote the development and sharing of activities among ethnic chamber of commerce organizations, inform and educate ethnic business ccommunity about current policy changes, and participate in the discussion with government entities that may impact ethnic business.

PO Box 12411Seattle, WA 98111

waethnicchambers.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

44th percentile

-2.0%

Higher net margin than 44% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

-1.6%

Faster asset growth than 49% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

5.1%

Faster revenue growth than 60% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$212,648

Down $3,502 (-1.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$212,648

Down $3,502 (-1.6%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin44th percentile

Revenue

Up

$178,933

Up $8,662 (+5.1%) from 2023

Expenses

Up

$182,435

Up $21,835 (+14%) from 2023

Net Income

Down

-$3,502

Down $13,173 (-136%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2017: $51,775Liabilities 2017: $02017Assets 2018: $81,694Liabilities 2018: $0Net Assets 2018: $81,6942018Assets 2019: $116,290Liabilities 2019: $0Net Assets 2019: $116,2902019Assets 2020: $155,375Liabilities 2020: $0Net Assets 2020: $155,3752020Assets 2021: $187,307Liabilities 2021: $0Net Assets 2021: $187,3072021Assets 2022: $206,479Liabilities 2022: $0Net Assets 2022: $206,4792022Assets 2023: $216,150Liabilities 2023: $0Net Assets 2023: $216,1502023Assets 2024: $212,648Liabilities 2024: $0Net Assets 2024: $212,6482024

Highlighted filing

2024

Assets$212,648
Liabilities$0
Net Assets$212,648
Open 2024 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2017: $185,839Expenses 2017: $137,431Net Income 2017: $48,4082017Revenue 2018: $188,878Expenses 2018: $158,959Net Income 2018: $29,9192018Revenue 2019: $204,382Expenses 2019: $162,442Net Income 2019: $41,9402019Revenue 2020: $217,828Expenses 2020: $178,743Net Income 2020: $39,0852020Revenue 2021: $225,784Expenses 2021: $193,852Net Income 2021: $31,9322021Revenue 2022: $227,576Expenses 2022: $208,404Net Income 2022: $19,1722022Revenue 2023: $170,271Expenses 2023: $160,600Net Income 2023: $9,6712023Revenue 2024: $178,933Expenses 2024: $182,435Net Income 2024: -$3,5022024

Highlighted filing

2024

Revenue$178,933
Expenses$182,435
Net Income-$3,502
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$212,648
Liabilities
$0
Net assets
$212,648
Revenue
$178,933
Expenses
$182,435
Net income
-$3,502
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$1.79$1.82$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$1.70$1.61$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$2.28$2.08$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$2.26$1.94$0.32
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$2.18$1.79$0.39
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$2.04$1.62$0.42
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$1.89$1.59$0.30
2017Summary only. Only limited summary data is available for this year.$0.52$0.00$1.86$1.37$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$178,933
Mission and Program Overview

Mission

Promote the development and sharing of activities among ethnic chamber of commerce organizations, inform and educate ethnic business ccommunity about current policy changes, and participate in the discussion with government entities that may impact ethnic business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$149,959$150,734▲ $775
Cash and Non-Interest-Bearing Accounts$66,191$61,914▼ $4,277
Total Assets$216,150$212,648▼ $3,502
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$216,150$212,648▼ $3,502
Total Net Assets Fund Balance$216,150$212,648▼ $3,502
Total Liabilities and Net Assets / Fund Balance$216,150$212,648▼ $3,502
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Mike SoteloPresident
Lawrence PangSecretary
Martha LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$178,158
Program Service Revenue
$0
Investment Income
$775
Other Revenue
$0
Change in Net Assets
$-3,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,435
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$129,514--$129,514
Grants to Domestic Orgs$25,000--$25,000
Advertising$18,000--$18,000
Office Expenses$8,662--$8,662
Insurance$1,259--$1,259
Total Functional Expenses$182,435$0$0$182,435
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Eighteenseeds Inc35% Controlled Eneity of OfficerIndependent Contractor for Labor Law OutreachNo$53,200
Reel Axis Inc35% Controlled Entity of RelativeAdvertising for Labor Law OutreachNo$18,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Governing body does not require review of Form 990 before filing.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request by a member of the public.”

Filing and Contact Details

Filer

Filer Name
Ethnic Chamber of Commerce Coalition
EIN
81-1023026
In Care Of
% Martha Lee
Phone
2067173889
Address
PO Box 12411, Seattle, WA 98111

Signing Officer

Name
Martha Lee
Title
Treasurer
Phone
2067173889
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Sotelo
Formed
2016
Legal Domicile
Wa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Trans-Pacific Accounting
Address
15600 NE 8th St B1-804, Bellevue, WA 98008-3927
Preparer
Rick K Choi CPA
Phone
2066977991
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“See enclosed statement”

List of other expenses Part IX line 24E

“See enclosed statement”

Raw XML Appendix286 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2See enclosed statement
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PhoneNum02066977991
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICK K CHOI CPA
ReturnHeader/ReturnTs02025-11-10T19:20:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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