Civic Intelligence

Lacey South Sound Chamber of Commerce

EIN 91-0842081 • 501(c)6 • Lacey, WA

Profile

To provide information and services to local businesses and the general public to include business to business networking, trade shows and business expositions.

3925 8th Avenue SE Ste CLacey, WA 98503

www.laceysschamber.com

Siviq Scores

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

Liabilities / Assets

96th percentile

1.17x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.12x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

50th percentile

0.9%

Higher net margin than 50% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

94th percentile

$76,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 25.1% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

67th percentile

8.1%

Faster asset growth than 67% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

-0.5%

Faster revenue growth than 50% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$30,676

Up $2,290 (+8.1%) from 2022

Liabilities

Down

$36,000

Down $24,600 (-41%) from 2022

Net Assets

Up

-$5,324

Up $26,890 (+83%) from 2022

Operations
Liabilities / Revenue79th percentileNet Margin50th percentile

Revenue

Down

$302,188

Down $1,629 (-0.5%) from 2022

Expenses

Down

$299,416

Down $854 (-0.3%) from 2022

Net Income

Down

$2,772

Down $775 (-22%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

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

$100K$50K$0-$50KAssets 2010: $52,911Liabilities 2010: $65,952Net Assets 2010: -$13,0412010Assets 2011: $42,134Liabilities 2011: $43,513Net Assets 2011: -$1,3792011Assets 2012: $37,871Liabilities 2012: $43,779Net Assets 2012: -$5,9082012Assets 2013: $41,819Liabilities 2013: $30,142Net Assets 2013: $11,6772013Assets 2014: $46,966Liabilities 2014: $6,870Net Assets 2014: $40,0962014Assets 2015: $44,806Liabilities 2015: $2,417Net Assets 2015: $42,3892015Assets 2016: $31,615Liabilities 2016: $0Net Assets 2016: $31,6152016Assets 2017: $25,031Liabilities 2017: $0Net Assets 2017: $25,0312017Assets 2018: $28,452Liabilities 2018: $11,330Net Assets 2018: $17,1222018Assets 2019: $57,902Liabilities 2019: $58,936Net Assets 2019: -$1,0342019Assets 2020: $47,028Liabilities 2020: $60,714Net Assets 2020: -$13,6862020Assets 2021: $49,169Liabilities 2021: $82,386Net Assets 2021: -$33,2172021Assets 2022: $28,386Liabilities 2022: $60,600Net Assets 2022: -$32,2142022Assets 2023: $30,676Liabilities 2023: $36,000Net Assets 2023: -$5,3242023

Highlighted filing

2023

Assets$30,676
Liabilities$36,000
Net Assets-$5,324
Open 2023 Filing

Operations Trend

Revenue Growth50th percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $250,0642010Revenue 2011: $282,142Expenses 2011: $277,119Net Income 2011: $5,0232011Revenue 2012: $295,621Expenses 2012: $295,016Net Income 2012: $6052012Revenue 2013: $294,451Expenses 2013: $276,765Net Income 2013: $17,6862013Revenue 2014: $240,956Expenses 2014: $267,725Net Income 2014: -$26,7692014Revenue 2015: $255,014Expenses 2015: $252,721Net Income 2015: $2,2932015Revenue 2016: $226,751Expenses 2016: $237,525Net Income 2016: -$10,7742016Revenue 2017: $258,016Expenses 2017: $264,600Net Income 2017: -$6,5842017Revenue 2018: $328,272Expenses 2018: $343,463Net Income 2018: -$15,1912018Revenue 2019: $329,300Expenses 2019: $361,852Net Income 2019: -$32,5522019Revenue 2020: $192,283Expenses 2020: $174,792Net Income 2020: $17,4912020Revenue 2021: $229,406Expenses 2021: $266,878Net Income 2021: -$37,4722021Revenue 2022: $303,817Expenses 2022: $300,270Net Income 2022: $3,5472022Revenue 2023: $302,188Expenses 2023: $299,416Net Income 2023: $2,7722023

Highlighted filing

2023

Revenue$302,188
Expenses$299,416
Net Income$2,772
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$30,676
Liabilities
$36,000
Net assets
-$5,324
Revenue
$302,188
Expenses
$299,416
Net income
$2,772
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.31$0.36$0.05$3.02$2.99$0.03
2022Summary only. Only limited summary data is available for this year.$0.28$0.61$0.32$3.04$3.00$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.82$0.33$2.29$2.67$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.61$0.14$1.92$1.75$0.17
2019Summary only. Only limited summary data is available for this year.$0.58$0.59$0.01$3.29$3.62$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.11$0.17$3.28$3.43$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$2.58$2.65$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.00$0.32$2.27$2.38$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.02$0.42$2.55$2.53$0.02
2014Summary only. Only limited summary data is available for this year.$0.47$0.07$0.40$2.41$2.68$0.27
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.30$0.12$2.94$2.77$0.18
2012Summary only. Only limited summary data is available for this year.$0.38$0.44$0.06$2.96$2.95$0.01
2011Summary only. Only limited summary data is available for this year.$0.42$0.44$0.01$2.82$2.77$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.66$0.13$2.50
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 9, 2022
Return Version
2021v4.2
Gross Receipts
$229,406
Mission and Program Overview

Mission

To support and help build up local business

To provide information services and networking opportunities to local businesses and the general public

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$40,197$36,399▼ $3,798
Land, Buildings, and Equipment, Net$21,318$22,939▲ $1,621
Accounts Receivable$9,670$22,280▲ $12,610
Cash and Non-Interest-Bearing Accounts$16,040$3,950▼ $12,090
Rtn Earn Endowment Incm Other Fnds$-13,686$-33,217▼ $19,531
Total Assets$47,028$49,169▲ $2,141
Liabilities
Grants Payable-$30,405-
Accounts Payable and Accrued Expenses$20,517$15,582▼ $4,935
Total Liabilities$60,714$82,386▲ $21,672
Net Assets / Fund Balance
Total Net Assets Fund Balance$-13,686$-33,217▼ $19,531
Total Liabilities and Net Assets / Fund Balance$47,028$49,169▲ $2,141

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,939$4,129-
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Christine ForreyPast President
Cameron DanielsPresident Elect
Chris LesterVice President
Melanie BakalaVice President
Becky CarverBoard Member
Cheryl SparkuhlBoard Member
Cynthia KnappBoard Member
Jeff SeemanBoard Member
John BourdonBoard Member
John GranthamBoard Member
Michael JamesonBoard Member
Nichole WoolseyBoard Member
Theresa DiazBoard Member
Madelin WhiteSecretary
Michael JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$209,326
Program Service Revenue
$14,750
Investment Income
$0
Other Revenue
$5,330
Change in Net Assets
$-37,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,267
Salaries, Compensation, and Employee Benefits$109,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$73,353
Occupancy---$67,447
Payroll Taxes---$25,050
Other Employee Benefits---$11,208
Information Technology---$9,204
All Other Expenses---$8,197
Office Expenses---$6,831
Insurance---$2,784
Advertising---$2,220
Other Expenses---$1,821
Interest---$726
Total Functional Expenses$0$0$0$266,878
Fundraising, Events, and Gaming
Fundraising activities
Yes
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
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$40,197$36,399▼ $3,798
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“Review was conducted by former board Treasurer Stewart Ridgeway, CPA”

Part VI Line 19

“All documents are available for viewing upon request”

Filing and Contact Details

Filer

Filer Name
Lacey South Sound Chamber of Commerce
EIN
91-0842081
In Care Of
% Stewart Ridgeway
Phone
3604914141
Address
3925 8th Avenue SE Ste C, Lacey, WA 98503

Signing Officer

Name
Stewart Ridgeway
Title
Past Board Treasurer
Phone
3604914141
Signed
2022-05-09

Organization Details

Principal Officer
Melanie Bakala
Formed
1962
Legal Domicile
Wa
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
25
Raw XML Appendix356 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/ExplanationTxt0Review was conducted by former board Treasurer Stewart Ridgeway, CPA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All documents are available for viewing upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 19
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEWART RIDGEWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Past Board Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03604914141
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lacey South Sound Chamber of Commerce
ReturnHeader/Filer/BusinessNameControlTxt0LACE
ReturnHeader/Filer/EIN0910842081
ReturnHeader/Filer/InCareOfNm0% Stewart Ridgeway
ReturnHeader/Filer/PhoneNum03604914141
ReturnHeader/Filer/USAddress/AddressLine1Txt03925 8th Avenue SE Ste C
ReturnHeader/Filer/USAddress/CityNm0Lacey
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
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ReturnHeader/ReturnTs02022-05-09T15:54:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEWART
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RIDGEWAY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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