Civic Intelligence

Thurston County Chamber of Commerce

EIN 91-0346205 • 501(c)6 • Olympia, WA

Profile

Building community prosperity through a unified voice to support free enterprise.

PO Box 1427Olympia, WA 98507-1427

www.thurstonchamber.com

Siviq Scores

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

Liabilities / Assets

54th percentile

0.17x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.09x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

49th percentile

4.0%

Higher net margin than 49% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$138,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

47th percentile

4.4%

Faster asset growth than 47% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

0.9%

Faster revenue growth than 36% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$1,331,283

Up $55,506 (+4.4%) from 2023

Liabilities

Down

$231,751

Down $49,557 (-18%) from 2023

Net Assets

Up

$1,099,532

Up $105,063 (+11%) from 2023

Operations
Liabilities / Revenue39th percentileNet Margin49th percentile

Revenue

Up

$2,512,454

Up $23,467 (+0.9%) from 2023

Expenses

Up

$2,410,941

Up $30,865 (+1.3%) from 2023

Net Income

Down

$101,513

Down $7,398 (-6.8%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $200,584Liabilities 2011: $254,098Net Assets 2011: -$53,5142011Assets 2012: $179,578Liabilities 2012: $220,754Net Assets 2012: -$41,1762012Assets 2013: $222,784Liabilities 2013: $255,105Net Assets 2013: -$32,3212013Assets 2014: $256,990Liabilities 2014: $288,833Net Assets 2014: -$31,8432014Assets 2015: $225,272Liabilities 2015: $207,946Net Assets 2015: $17,3262015Assets 2016: $287,748Liabilities 2016: $178,796Net Assets 2016: $108,9522016Assets 2017: $340,501Liabilities 2017: $200,543Net Assets 2017: $139,9582017Assets 2018: $400,335Liabilities 2018: $197,202Net Assets 2018: $203,1332018Assets 2019: $471,834Liabilities 2019: $236,266Net Assets 2019: $235,5682019Assets 2020: $460,821Liabilities 2020: $200,432Net Assets 2020: $260,3892020Assets 2021: $1,365,881Liabilities 2021: $921,607Net Assets 2021: $444,2742021Assets 2022: $1,560,183Liabilities 2022: $674,625Net Assets 2022: $885,5582022Assets 2023: $1,275,777Liabilities 2023: $281,308Net Assets 2023: $994,4692023Assets 2024: $1,331,283Liabilities 2024: $231,751Net Assets 2024: $1,099,5322024

Highlighted filing

2024

Assets$1,331,283
Liabilities$231,751
Net Assets$1,099,532
Open 2024 Filing

Operations Trend

Revenue Growth36th percentile

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

$3.0M$2.0M$1.0M$0Expenses 2011: $923,0782011Expenses 2012: $780,0542012Expenses 2013: $832,5372013Revenue 2014: $999,530Expenses 2014: $997,188Net Income 2014: $2,3422014Revenue 2015: $1,172,042Expenses 2015: $1,121,477Net Income 2015: $50,5652015Revenue 2016: $1,386,470Expenses 2016: $1,294,844Net Income 2016: $91,6262016Revenue 2017: $1,475,781Expenses 2017: $1,444,777Net Income 2017: $31,0042017Revenue 2018: $1,559,857Expenses 2018: $1,496,682Net Income 2018: $63,1752018Revenue 2019: $1,592,955Expenses 2019: $1,560,521Net Income 2019: $32,4342019Revenue 2020: $1,495,642Expenses 2020: $1,470,820Net Income 2020: $24,8222020Revenue 2021: $1,757,426Expenses 2021: $1,573,541Net Income 2021: $183,8852021Revenue 2022: $2,579,016Expenses 2022: $2,137,732Net Income 2022: $441,2842022Revenue 2023: $2,488,987Expenses 2023: $2,380,076Net Income 2023: $108,9112023Revenue 2024: $2,512,454Expenses 2024: $2,410,941Net Income 2024: $101,5132024

Highlighted filing

2024

Revenue$2,512,454
Expenses$2,410,941
Net Income$101,513
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,331,283
Liabilities
$231,751
Net assets
$1,099,532
Revenue
$2,512,454
Expenses
$2,410,941
Net income
$101,513
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.23$1.10$2.51$2.41$0.10
2023Summary only. Only limited summary data is available for this year.$1.28$0.28$0.99$2.49$2.38$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.67$0.89$2.58$2.14$0.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.92$0.44$1.76$1.57$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.20$0.26$1.50$1.47$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.24$0.24$1.59$1.56$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.20$0.20$1.56$1.50$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.20$0.14$1.48$1.44$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.18$0.11$1.39$1.29$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.21$0.02$1.17$1.12$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.29$0.03$1.00$1.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.26$0.03$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.22$0.04$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.25$0.05$0.92
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 18, 2020
Return Version
2019v5.1
Gross Receipts
$1,495,642
Mission and Program Overview

Mission

Building community prosperity through a unified voice to support free enterprise.

Mission Building community prosperity through a unified voice to support free enterprise. Activities are to promote the commercial and social advancement and economic development of cities inThurston County to encourage local businesses to procure, preserve disseminate statistics information regarding commercial, financial, and social aspects of interest, promoting economic prosperity and community values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$167,213$147,181▼ $20,032
Cash and Non-Interest-Bearing Accounts$117,315$139,040▲ $21,725
Savings and Temporary Cash Investments$120,415$89,679▼ $30,736
Prepaid Expenses and Deferred Charges$1,200$1,500▲ $300
Land, Buildings, and Equipment, Net$467$412▼ $55
Total Assets$471,834$460,821▼ $11,013
Other Assets Total$65,224$83,009▲ $17,785
Liabilities
Other Liabilities$140,511$145,451▲ $4,940
Deferred Revenue$44,257$44,793▲ $536
Accounts Payable and Accrued Expenses$51,498$10,188▼ $41,310
Total Liabilities$236,266$200,432▼ $35,834
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$223,361$247,853▲ $24,492
Net Assets With Donor Restrictions$12,207$12,536▲ $329
Total Net Assets Fund Balance$235,568$260,389▲ $24,821
Total Liabilities and Net Assets / Fund Balance$471,834$460,821▼ $11,013

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21$57,416$57,437
Other Land Buildings$391$19,940$20,331
Other Assets Org$7,509--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Joseph LanhamChair
Joanna WestPast Chair
Kevin StormansVice Chair
Cheryl FamblesDirector
Dave WassonDirector
Debra ClemensDirector
Kelsey HulseDirector
Michael CadeDirector
Michael WhiteDirector
Michelle WickettDirector
Perry HancheyDirector
Ron BruchetDirector
Ron GladneyDirector
Sam GibboneyDirector
Shauna StewartDirector
Teresa WallDirector
Todd MonohonDirector
Trenton FluetschDirector
Zach KosturosDirector
David SchaffertPres/Secretary
Kim AdneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$390,079
Program Service Revenue
$804,221
Investment Income
$402
Other Revenue
$300,940
Change in Net Assets
$24,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$943,637
Other Expenses$522,183
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$796,657
Other Expenses---$283,607
Other Employee Benefits---$78,986
Payroll Taxes---$67,994
Occupancy---$58,739
Office Expenses---$23,774
Insurance---$11,807
Advertising---$5,000
Grants to Domestic Orgs---$5,000
Interest---$3,034
Depreciation Depletion---$765
Total Functional Expenses$0$0$0$1,470,820
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$72,682
InterProgram Payables$25,511
Loan Payable Chamber Foundation$16,330
Payroll Tax Payable$12,908
Credit Card Payables$9,437
Accrued Compensated Absences$8,583
Medical Retro-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Thurston County Chamber of Commerce
EIN
91-0346205
Phone
3603573362
Address
PO Box 1427, Olympia, WA 98507-1427

Signing Officer

Name
David Schaffert
Title
President
Signed
2020-11-18
Discuss with paid preparer
Yes

Organization Details

Formed
1905
Legal Domicile
Wa
Voting Board Members
21
Independent Board Members
21
Employees
19

Preparer

Firm
AccountSource Inc
Address
205 Erie St SE, Tumwater, WA 98501
Preparer
Cheryl K Adney
Phone
3604598118
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 9,821, Grants and allocations 0, Revenue 0 Foofaraw Honoring our Military Families in the Community. The purpose is to acknowledge how important our military families are to our economy, schools, and community involvement.”

Form 990, Part III, Line 4D

“Program Service Expenses 56,603, Grants and allocations 0, Revenue 0 Retro Labor Industries Program Industrial insurance program to participating members to help lower job injury risks, improve insurance rates, settle claims swiftly, reduce workload related to claims.”

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 Various 21st Century Programs Events Work for All, Speed networking Training, Workwell Various, vibrant programs to support employment of persons with disabilities, increasing community contacts in order to improve your own businessand to provide employers with incentives/education for Safe and Healthy workplaces.”

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 Thurston Green Business Awards local businesses for Recycling and other Environmental practices which ultimately improve our communitys impact on the earth.”

Form 990, Part III, Line 4D

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 Health Care Champions The purpose is to honor our Medical Community in recognition of their valuable service and economic vitality to our community. Sponsorship of Puddle Jump annual community run.”

Form 990, Part XI, Line 8

“Rounding”

Raw XML AppendixShowing 400 of 581 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.

Path#Value
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IRS990/AdvertisingGrp/TotalAmt05000
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IRS990/BooksInCareOfDetail/PhoneNum03603573362
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0765
IRS990/Desc0Monthly Forums Speaker events intended to keep members informed of current events affecting business community. Networking and business spotlight opportunites. Monthly Morning Mixer Members Networking opportunities. Chamber hosted event at a members business location for the purpose of highlighting that business. Monthly Business After Hours Members Networking opportunities. Chamber hosted event at a members business location for the purpose of highlighting that business. Tying Back Our Community, a covid response of reopening businesses, for members and non-members.
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IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt019
IRS990/EmploymentTaxReturnsFiledInd0true
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IRS990/ExpenseAmt063847
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IRS990/Form990PartVIISectionAGrp/PersonNm0Kim Adney
IRS990/Form990PartVIISectionAGrp/PersonNm1David Schaffert
IRS990/Form990PartVIISectionAGrp/PersonNm2Joseph Lanham
IRS990/Form990PartVIISectionAGrp/PersonNm3Joanna West
IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Cade
IRS990/Form990PartVIISectionAGrp/PersonNm5Perry Hanchey
IRS990/Form990PartVIISectionAGrp/PersonNm6Cheryl Fambles
IRS990/Form990PartVIISectionAGrp/PersonNm7Ron Bruchet
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael White
IRS990/Form990PartVIISectionAGrp/PersonNm9Ron Gladney
IRS990/Form990PartVIISectionAGrp/PersonNm10Kevin Stormans
IRS990/Form990PartVIISectionAGrp/PersonNm11Teresa Wall
IRS990/Form990PartVIISectionAGrp/PersonNm12Todd Monohon
IRS990/Form990PartVIISectionAGrp/PersonNm13Dave Wasson
IRS990/Form990PartVIISectionAGrp/PersonNm14Shauna Stewart
IRS990/Form990PartVIISectionAGrp/PersonNm15Trenton Fluetsch
IRS990/Form990PartVIISectionAGrp/PersonNm16Kelsey Hulse
IRS990/Form990PartVIISectionAGrp/PersonNm17Zach Kosturos
IRS990/Form990PartVIISectionAGrp/PersonNm18Michelle Wickett
IRS990/Form990PartVIISectionAGrp/PersonNm19Debra Clemens
IRS990/Form990PartVIISectionAGrp/PersonNm20Sam Gibboney
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IRS990/ProgSrvcAccomActy3Grp/Desc0Business to Business and Project Hire is a free service to all business in Thurston County. It is a partnership with our regions workforce board and the State of Washingtons workforce system. The purpose is to assist local businesses in locating qualified, prescreened employees. The program is funded by the Pacific Mountain Workforce Development Consortium who partners with Wa. State Division of Vocational Rehabilitation and contracts with the Chamber to operate these programs.
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