Civic Intelligence

Southwest King County Chamber of Commerce

990 • Fiscal year 2017 • EIN 91-0595611

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 20, 2018

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

72nd percentile

0.08x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.06x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

22nd percentile

-10.0%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

94th percentile

$80,688

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

28th percentile

-8.9%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

10%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$212,419

Down $20,734 (-8.9%) from 2016

Net Assets

Down

$194,553

Down $28,705 (-13%) from 2016

Liabilities

Up

$17,866

Up $7,971 (+81%) from 2016

Revenue

Up

$287,207

Up $26,485 (+10%) from 2016

Expenses

Up

$315,912

Up $50,266 (+19%) from 2016

Net Income

Down

-$28,705

Down $23,781 (-483%) from 2016

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

2017

Assets$212,419
Liabilities$17,866
Net Assets$194,553

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

2017

Revenue$287,207
Expenses$315,912
Net Income-$28,705
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 20, 2018
Return Version
2017v2.3
Gross Receipts
$287,207
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.

The southwest king county chamber is a leader in the business community and the communities it serves; advancing economic and community development for southwest king county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$117,313$133,370▲ $16,057
Savings and Temporary Cash Investments$98,646$64,005▼ $34,641
Accounts Receivable$6,377$5,933▼ $444
Land, Buildings, and Equipment, Net$7,279$4,855▼ $2,424
Prepaid Expenses and Deferred Charges$3,538$4,256▲ $718
Total Assets$233,153$212,419▼ $20,734
Liabilities
Other Liabilities$2,876$10,519▲ $7,643
Deferred Revenue$6,419$6,845▲ $426
Accounts Payable and Accrued Expenses$600$502▼ $98
Total Liabilities$9,895$17,866▲ $7,971
Net Assets / Fund Balance
Unrestricted Net Assets$223,258$194,553▼ $28,705
Total Net Assets Fund Balance$223,258$194,553▼ $28,705
Total Liabilities and Net Assets / Fund Balance$233,153$212,419▼ $20,734

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,855$35,416$40,271
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrea ReayPresident/ceFT$75,853$4,835$80,688

Board Members and Trustees

NameTitle
Dan MatthewsChair
Louise StranderChair-elect
Judy CoovertPast Chair
Brian FredrickDirector
Brian KirkDirector
Courtney AntramDirector
Jill AndrewsDirector
John NaylorDirector
Julien LohDirector
Ryan TomasichDirector
Mike BulleriTreasurer
Darla GreenVice Preside
Dustin StevensVice-preside
Geno RoselliniVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$185,203
Program Service Revenue
$100,893
Investment Income
$621
Other Revenue
$490
All Other Contributions
$5,650
Change in Net Assets
$-28,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$195,102
Other Expenses$120,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$83,054
Current Officers, Directors, Trustees, and Key Employees---$75,853
Occupancy---$54,640
Other Employee Benefits---$18,521
Payroll Taxes---$13,210
Office Expenses---$12,054
All Other Expenses---$7,844
Advertising---$7,230
Pension Plan Contributions---$4,464
Information Technology---$3,889
Other Expenses---$3,466
Depreciation Depletion---$2,425
Insurance---$2,246
Travel---$1,925
Fees for Services Accounting---$1,700
Conferences and Meetings---$1,434
Total Functional Expenses$0$0$0$315,912
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$490
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
Success Foundation Payable$6,862
Payroll Liabilities$3,147
State Sales Tax$510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 12C

During board orientation, new board members are asked to volunteer potential conflicts of interest. During orientation for new staff, they are also asked to disclose any potential conflicts of interest. Once a year, board members are required to re-examine their relationships and interest that may give rise to conflicts.

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
Doing Business As
See Schedule O

Signing Officer

Name
Andrea Reay
Title
President/CEO
Phone
2065751633
Signed
2018-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Reay
Formed
1988
Legal Domicile
Wa
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
24

Preparer

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

Additional Explanations

Form 990, Page 1, Item C

Seattle southside chamber of commerce

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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IRS990/OtherLiabilitiesGrp/BOYAmt02876
IRS990/OtherLiabilitiesGrp/EOYAmt010519
IRS990/OtherSalariesAndWagesGrp/TotalAmt083054
IRS990/OtherWebsiteInd0X
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IRS990/PayrollTaxesGrp/TotalAmt013210
IRS990/PensionPlanContributionsGrp/TotalAmt04464
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IRS990/PrincipalOfficerNm0ANDREA REAY
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IRS990/ProgramServiceRevenueGrp/BusinessCd1813910
IRS990/ProgramServiceRevenueGrp/BusinessCd2541800
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IRS990/ProgramServiceRevenueGrp/Desc1PROGRAMS & EVENTS
IRS990/ProgramServiceRevenueGrp/Desc2DIRECTORY & NEWSLETTER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt144595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055699
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt144595
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0599
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0174493
IRS990/PYInvestmentIncomeAmt0641
IRS990/PYOtherExpensesAmt0105808
IRS990/PYOtherRevenueAmt0230
IRS990/PYProgramServiceRevenueAmt085358
IRS990/PYRevenuesLessExpensesAmt0-4924
IRS990/PYSalariesCompEmpBnftPaidAmt0159838
IRS990/PYTotalExpensesAmt0265646
IRS990/PYTotalRevenueAmt0260722
IRS990/ReconcilationRevenueExpnssAmt0-28705
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt064005
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04855
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035416
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040271
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STATE SALES TAX
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IRS990ScheduleD/TotalLiabilityAmt010519
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3DURING BOARD ORIENTATION, NEW BOARD MEMBERS ARE ASKED TO VOLUNTEER POTENTIAL CONFLICTS OF INTEREST. DURING ORIENTATION FOR NEW STAFF, THEY ARE ALSO ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ONCE A YEAR, BOARD MEMBERS ARE REQUIRED TO RE-EXAMINE THEIR RELATIONSHIPS AND INTEREST THAT MAY GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS 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/ExplanationTxt5AS 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/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW BY MAKING A REQUEST AND APPOINTMENT WITH THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0233153
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IRS990/TotalContributionsAmt0185203
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0315912
IRS990/TotalGrossUBIAmt0599
IRS990/TotalLiabilitiesBOYAmt09895
IRS990/TotalLiabilitiesEOYAmt017866
IRS990/TotalLiabilitiesGrp/BOYAmt09895
IRS990/TotalLiabilitiesGrp/EOYAmt017866
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0223258
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0194553
IRS990/TotalOtherCompensationAmt04835
IRS990/TotalProgramServiceRevenueAmt0100893
IRS990/TotalReportableCompFromOrgAmt075853
IRS990/TotalRevenueGrp/ExclusionAmt01111
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0100294
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0287207
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0599
IRS990/TotalVolunteersCnt024
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0233153
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0212419
IRS990/TravelGrp/TotalAmt01925
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0223258
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0194553
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014220 INTERURBAN AVE S 134
IRS990/USAddress/CityNm0TUKWILA
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098168
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.SEATTLESOUTHSIDECHAMBER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREA REAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02065751633
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHWEST KING COUNTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
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ReturnHeader/Filer/PhoneNum02065751633
ReturnHeader/Filer/USAddress/AddressLine1Txt014220 INTERURBAN AVE S 134
ReturnHeader/Filer/USAddress/CityNm0TUKWILA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098168
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06BE2279D9D2E275A34D651704A2D4EE23BA42FE5
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.158.194.234
ReturnHeader/FilingSecurityInformation/IPDt02018-06-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:32:52
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/PreparationDt02018-06-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOIS VANKAT
ReturnHeader/ReturnTs02018-06-22T15:32:52-07:00

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
2017Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

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