Civic Intelligence

Southwest King County Chamber of Commerce

990 • Fiscal year 2015 • EIN 91-0595611

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 01, 2016

14220 Interurban Ave S 134Tukwila, WA 98168

(206) 575-1633

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.05x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.04x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

10th percentile

-26%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

89th percentile

$60,061

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

15th percentile

-21%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

10th percentile

-29%

Faster revenue growth than 10% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$239,251

Down $64,321 (-21%) from 2014

Net Assets

Down

$228,182

Down $65,355 (-22%) from 2014

Liabilities

Up

$11,069

Up $1,034 (+10%) from 2014

Revenue

Down

$255,519

Down $105,670 (-29%) from 2014

Expenses

Down

$320,874

Down $16,168 (-4.8%) from 2014

Net Income

Down

-$65,355

Down $89,502 (-371%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $146,941Liabilities 2010: $5,311Net Assets 2010: $141,6302010Assets 2011: $191,103Liabilities 2011: $20,115Net Assets 2011: $170,9882011Assets 2012: $255,120Liabilities 2012: $14,195Net Assets 2012: $240,9252012Assets 2013: $287,988Liabilities 2013: $18,598Net Assets 2013: $269,3902013Assets 2014: $303,572Liabilities 2014: $10,035Net Assets 2014: $293,5372014Assets 2015: $239,251Liabilities 2015: $11,069Net Assets 2015: $228,1822015Assets 2016: $233,153Liabilities 2016: $9,895Net Assets 2016: $223,2582016Assets 2017: $212,419Liabilities 2017: $17,866Net Assets 2017: $194,5532017Assets 2018: $171,349Liabilities 2018: $20,566Net Assets 2018: $150,7832018Assets 2019: $137,142Liabilities 2019: $22,429Net Assets 2019: $114,7132019Assets 2020: $379,609Liabilities 2020: $165,090Net Assets 2020: $214,5192020Assets 2021: $435,874Liabilities 2021: $154,687Net Assets 2021: $281,1872021Assets 2022: $392,260Liabilities 2022: $155,536Net Assets 2022: $236,7242022Assets 2023: $392,571Liabilities 2023: $180,171Net Assets 2023: $212,4002023Assets 2024: $185,401Liabilities 2024: $175,988Net Assets 2024: $9,4132024

Highlighted filing

2015

Assets$239,251
Liabilities$11,069
Net Assets$228,182

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $271,1122010Expenses 2011: $295,3402011Expenses 2012: $293,3962012Revenue 2013: $334,496Expenses 2013: $306,031Net Income 2013: $28,4652013Revenue 2014: $361,189Expenses 2014: $337,042Net Income 2014: $24,1472014Revenue 2015: $255,519Expenses 2015: $320,874Net Income 2015: -$65,3552015Revenue 2016: $260,722Expenses 2016: $265,646Net Income 2016: -$4,9242016Revenue 2017: $287,207Expenses 2017: $315,912Net Income 2017: -$28,7052017Revenue 2018: $369,910Expenses 2018: $413,680Net Income 2018: -$43,7702018Revenue 2019: $402,851Expenses 2019: $438,921Net Income 2019: -$36,0702019Revenue 2020: $451,472Expenses 2020: $351,666Net Income 2020: $99,8062020Revenue 2021: $484,682Expenses 2021: $418,014Net Income 2021: $66,6682021Revenue 2022: $412,450Expenses 2022: $456,913Net Income 2022: -$44,4632022Revenue 2023: $528,595Expenses 2023: $552,919Net Income 2023: -$24,3242023Revenue 2024: $407,414Expenses 2024: $610,401Net Income 2024: -$202,9872024

Highlighted filing

2015

Revenue$255,519
Expenses$320,874
Net Income-$65,355
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 1, 2016
Return Version
2015v2.1
Gross Receipts
$255,519
Mission and Program Overview

Mission

The southwest king county chamber is a leader in the business world and the communities it serves while providing economic development to southwest king county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$257,553$118,262▼ $139,291
Cash and Non-Interest-Bearing Accounts$32,967$107,193▲ $74,226
Accounts Receivable$2,026$5,939▲ $3,913
Land, Buildings, and Equipment, Net$6,217$4,524▼ $1,693
Prepaid Expenses and Deferred Charges$4,809$3,333▼ $1,476
Total Assets$303,572$239,251▼ $64,321
Liabilities
Accounts Payable and Accrued Expenses$1,335$5,411▲ $4,076
Other Liabilities$7,755$4,594▼ $3,161
Deferred Revenue$945$1,064▲ $119
Total Liabilities$10,035$11,069▲ $1,034
Net Assets / Fund Balance
Unrestricted Net Assets$293,537$228,182▼ $65,355
Total Net Assets Fund Balance$293,537$228,182▼ $65,355
Total Liabilities and Net Assets / Fund Balance$303,572$239,251▼ $64,321

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,524$30,942$35,466
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol KolsonPresident/ceFT$60,061$60,061
Dena GuttridgePresident/ceFT$13,007$13,007

Board Members and Trustees

NameTitle
Natalie ElertChair
Judy CoovertChair-elect
Louise StranderPast Chair
Dustin StevensDirector
Erika MelroyDirector
Jim DavisDirector
Lisa LuchauDirector
Perry WallDirector
Becky SmithTreasurer
Gerald MyklebustVice Preside
Mike BulleriVice Preside
Roger MccrackenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$137,020
Program Service Revenue
$116,777
Investment Income
$921
Other Revenue
$801
Change in Net Assets
$-65,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$180,005
Other Expenses$140,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$80,707
Current Officers, Directors, Trustees, and Key Employees---$73,068
Occupancy---$46,482
Payroll Taxes---$13,741
Office Expenses---$12,834
Fees for Services Other---$9,997
Other Employee Benefits---$9,325
All Other Expenses---$7,547
Information Technology---$6,710
Other Expenses---$4,139
Pension Plan Contributions---$3,164
Depreciation Depletion---$2,043
Fees for Services Accounting---$1,500
Travel---$1,166
Conferences and Meetings---$1,045
Fees for Services Legal---$1,008
Advertising---$745
Total Functional Expenses$0$0$0$320,874
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$801
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
Payroll Liabilities$3,610
State Sales Tax$984
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
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, Page 6, Part VI, Line 11B

The board of directors review and approve a draft of form 990 during a monthly board meeting. The return is filed after board approval.

Form 990, Page 6, Part VI, Line 15A

As part of the hiring process, the recruiting and hiring committee performs a comparison of compensation for similar non-profits in determining the compensation upon hiring of the chamber president.

Form 990, Page 6, Part VI, Line 15B

As part of the hiring process, the recruiting and hiring committee performs a comparison of compensation for similar non-profits in determining the compensation of officers or key employees.

Form 990, Page 6, Part VI, Line 19

Governing documents are available for review by making a request and appointment with the organization's office.

Filing and Contact Details

Filer

Filer Name
Southwest King County
EIN
91-0595611
Phone
2065751633
Address
14220 INTERURBAN AVE S 134, TUKWILA, WA 98168

Signing Officer

Name
Mike Bulleri
Title
Vice President
Phone
2065751633
Signed
2016-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dena Guttridge
Formed
1988
Legal Domicile
Wa
Voting Board Members
12
Independent Board Members
12
Employees
7
Volunteers
28

Preparer

Firm
Shannon & Associates Llp
Address
1851 CENTRAL PLACE SOUTH SUITE 225, KENT, WA 98030-7507
Preparer
Linda Shupack
Phone
2538528500
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers assisted the chamber with the following activities: 1. Serving on the board of directors, 2. Serving on committees of the chamber, 3. And assisting with special events.

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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/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt059557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146778
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21780
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt430
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt08632
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0222740
IRS990/PYInvestmentIncomeAmt01111
IRS990/PYOtherExpensesAmt0120644
IRS990/PYOtherRevenueAmt0918
IRS990/PYProgramServiceRevenueAmt0136420
IRS990/PYRevenuesLessExpensesAmt024147
IRS990/PYSalariesCompEmpBnftPaidAmt0216398
IRS990/PYTotalExpensesAmt0337042
IRS990/PYTotalRevenueAmt0361189
IRS990/ReconcilationRevenueExpnssAmt0-65355
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0257553
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0118262
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04524
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030942
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STATE SALES TAX
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04524
IRS990ScheduleD/TotalLiabilityAmt04594
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ASSISTED THE CHAMBER WITH THE FOLLOWING ACTIVITIES: 1. SERVING ON THE BOARD OF DIRECTORS, 2. SERVING ON COMMITTEES OF THE CHAMBER, 3. AND ASSISTING WITH SPECIAL EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEW AND APPROVE A DRAFT OF FORM 990 DURING A MONTHLY BOARD MEETING. THE RETURN IS FILED AFTER BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PART OF THE HIRING PROCESS, THE RECRUITING AND HIRING COMMITTEE PERFORMS A COMPARISON OF COMPENSATION FOR SIMILAR NON-PROFITS IN DETERMINING THE COMPENSATION UPON HIRING OF THE CHAMBER PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS PART OF THE HIRING PROCESS, THE RECRUITING AND HIRING COMMITTEE PERFORMS A COMPARISON OF COMPENSATION FOR SIMILAR NON-PROFITS IN DETERMINING THE COMPENSATION OF OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW BY MAKING A REQUEST AND APPOINTMENT WITH THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0303572
IRS990/TotalAssetsEOYAmt0239251
IRS990/TotalAssetsGrp/BOYAmt0303572
IRS990/TotalAssetsGrp/EOYAmt0239251
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0137020
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0320874
IRS990/TotalGrossUBIAmt08632
IRS990/TotalLiabilitiesBOYAmt010035
IRS990/TotalLiabilitiesEOYAmt011069
IRS990/TotalLiabilitiesGrp/BOYAmt010035
IRS990/TotalLiabilitiesGrp/EOYAmt011069
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0293537
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0228182
IRS990/TotalProgramServiceRevenueAmt0116777
IRS990/TotalReportableCompFromOrgAmt073068
IRS990/TotalRevenueGrp/ExclusionAmt01722
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0108145
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0255519
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08632
IRS990/TotalVolunteersCnt028
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0303572
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0239251
IRS990/TravelGrp/TotalAmt01166
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0293537
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0228182
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014220 INTERURBAN AVE S 134
IRS990/USAddress/CityNm0TUKWILA
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098168
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.SWKCC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE BULLERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02065751633
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHWEST KING COUNTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0910595611
ReturnHeader/Filer/PhoneNum02065751633
ReturnHeader/Filer/USAddress/AddressLine1Txt014220 INTERURBAN AVE S 134
ReturnHeader/Filer/USAddress/CityNm0TUKWILA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098168
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911125800
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHANNON & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01851 CENTRAL PLACE SOUTH SUITE 225
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KENT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0980307507
ReturnHeader/PreparerPersonGrp/PhoneNum02538528500
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA SHUPACK
ReturnHeader/ReturnTs02016-08-01T12:38:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$1.76$0.09$4.07$6.10$2.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.93$1.80$2.12$5.29$5.53$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$1.56$2.37$4.12$4.57$0.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$1.55$2.81$4.85$4.18$0.67
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.80$1.65$2.15$4.51$3.52$1.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.22$1.15$4.03$4.39$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.21$1.51$3.70$4.14$0.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.18$1.95$2.87$3.16$0.29
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.10$2.23$2.61$2.66$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.39$0.11$2.28$2.56$3.21$0.65
2014Detailed filing. Detailed filing data is available for this year.$3.04$0.10$2.94$3.61$3.37$0.24
2013Detailed filing. Detailed filing data is available for this year.$2.88$0.19$2.69$3.34$3.06$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.14$2.41$2.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.20$1.71$2.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.05$1.42$2.71
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)6 • <$500k nonprofits