Civic Intelligence

Seattle Latino Metropolitan Chamber of Commerce

EIN 82-1455917 • 501(c)6 • Kirkland, WA

Profile

Seattle Latino Chamber of Commerce's mission is to grow Latino business and help all our membership business owners and independent professionals advance their organizations. Our vision is to create business and help fertile ground for growth and progress for all our membership and Latino businesses.

11635 100th Ave NE C 4Kirkland, WA 98034

www.latinochamber.us

Siviq Scores

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

Liabilities / Assets

75th percentile

0.11x

Higher debt load relative to assets than 75% of similar nonprofits.

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

Liabilities / Revenue

68th percentile

0.03x

Higher debt load relative to revenue than 68% of similar nonprofits.

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

Net Margin

66th percentile

8.6%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$72,246

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 28.2% of source-year revenue.

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

Asset Growth

89th percentile

40%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

92nd percentile

61%

Faster revenue growth than 92% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$70,505

Up $20,107 (+40%) from 2023

Liabilities

Down

$7,667

Down $1,935 (-20%) from 2023

Net Assets

Up

$62,838

Up $22,042 (+54%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin66th percentile

Revenue

Up

$255,907

Up $96,521 (+61%) from 2023

Expenses

Up

$233,865

Up $16,820 (+7.7%) from 2023

Net Income

Up

$22,042

Up $79,701 (+138%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

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

$150K$100K$50K$0Assets 2021: $66,825Liabilities 2021: $1,437Net Assets 2021: $65,3882021Assets 2022: $103,918Liabilities 2022: $5,464Net Assets 2022: $98,4542022Assets 2023: $50,398Liabilities 2023: $9,602Net Assets 2023: $40,7962023Assets 2024: $70,505Liabilities 2024: $7,667Net Assets 2024: $62,8382024

Highlighted filing

2024

Assets$70,505
Liabilities$7,667
Net Assets$62,838
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

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

$300K$200K$100K$0-$100KRevenue 2021: $132,674Expenses 2021: $107,125Net Income 2021: $25,5492021Revenue 2022: $289,332Expenses 2022: $256,266Net Income 2022: $33,0662022Revenue 2023: $159,386Expenses 2023: $217,045Net Income 2023: -$57,6592023Revenue 2024: $255,907Expenses 2024: $233,865Net Income 2024: $22,0422024

Highlighted filing

2024

Revenue$255,907
Expenses$233,865
Net Income$22,042
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$70,505
Liabilities
$7,667
Net assets
$62,838
Revenue
$255,907
Expenses
$233,865
Net income
$22,042
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.71$0.08$0.63$2.56$2.34$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.10$0.41$1.59$2.17$0.58
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.05$0.98$2.89$2.56$0.33
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.65$1.33$1.07$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$255,907
Mission and Program Overview

Mission

OurMission:Togrowallourmembersbusiness'sandhelpLatinoownersandindependentprofessionalsunitetoadvancetheirorganizationstonewlevelsofprosperity.OurVision:TocreatefertilegroundforgrowthandprogressforallourmembershipandallLatinobusinesses.

Seattle Latino Chamber of Commerces mission is to grow Latino business and help all our membership business owners and independent professionals advance their organizations. Our vision is to create business and help fertile ground for growth and progress for all our membership and Latino businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,683$69,790▲ $20,107
Rtn Earn Endowment Incm Other Fnds$40,796$62,838▲ $22,042
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$50,398$70,505▲ $20,107
Other Assets Total$715$715→ $0
Liabilities
Unsecured Notes Loans Payable$9,602$7,667▼ $1,935
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,602$7,667▼ $1,935
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,796$62,838▲ $22,042
Total Liabilities and Net Assets / Fund Balance$50,398$70,505▲ $20,107
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
marcos wanlesspresidentFT$72,246$72,246

Board Members and Trustees

NameTitle
Adriana perez-chicaBoard Chair
Raul Perez-Callejaborad member
Ariana Gonzalezsecretary
Mary PazTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$176,077
Program Service Revenue
$79,800
Investment Income
$0
Other Revenue
$30
All Other Contributions
$25,000
Change in Net Assets
$22,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,244
Salaries, Compensation, and Employee Benefits$81,621
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$0$0$0$105,942
Current Officers, Directors, Trustees, and Key Employees$0$0$0$72,246
Travel$0$0$0$16,116
Occupancy$0$0$0$12,410
Payroll Taxes$0$0$0$9,375
Office Expenses$0$0$0$7,137
Advertising$0$0$0$5,812
Conferences and Meetings$0$0$0$2,866
Insurance$0$0$0$1,961
Total Functional Expenses$0$0$0$233,865
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Part VI, Line 8A

“We have documented yearly board meetings as required by the bylaws”

Part VI, Line 11A

“There is no requirement for the board to review directly form 990 rather the board gets informed of the 990 status by the organization president”

Filing and Contact Details

Filer

Filer Name
Seattle Latino Metropolitan Chamber of Commerce
EIN
82-1455917
In Care Of
% marcos wanless
Phone
3236638513
Address
11635 100th Ave NE C 4, Kirkland, WA 98034

Signing Officer

Name
Marcos Wanless
Title
President
Signed
2025-05-13

Organization Details

Principal Officer
marcos wanless
Formed
2017
Legal Domicile
Wa
Voting Board Members
0
Independent Board Members
0
Employees
1
Volunteers
0
Supplemental Narrative

Additional Explanations

Part IX Line 24

“| Explanation:| OTHER EXPENSES - AUTO 1,109.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - BANK CHARGES & FEES 753.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - CONSULTING 17,844.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - CONTRACTORS 68,078.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - DONATIONS 145.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - DUES & SUBSCRIPTIONS 266.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - LEGAL & PROFESSIONAL 3,520.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - MEALS 9,056.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - MERCHANT ACCOUNT FEES 1,013”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - MISCELLANEOUS 307.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - POSTAGE & SHIPPING 557.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - PRESENTATION 313.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - SPONSORED EVENTS 1,728.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - TAXES & LICENSES 76.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - TELEPHONE 1,006.”

Part IX Line 24

“| Explanation:| OTHER EXPENSES - WEB SERVICE 171.”

Raw XML AppendixShowing 400 of 570 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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IRS990/MissionDesc0Seattle Latino Chamber of Commerces mission is to grow Latino business and help all our membership business owners and independent professionals advance their organizations. Our vision is to create business and help fertile ground for growth and progress for all our membership and Latino businesses.
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IRS990/ProgSrvcAccomActy2Grp/Desc02023 - 2024 Seattle Latino metropolitan Chamber of Commerce digital education program to teach small businesses how to improve and better their online presence for ecommerce target 15 businesses grant W SMA $20,000 direct expenses for production promotional campaign $14,785 administrative expenses $2865 dollars
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