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Nonprofiteer
← THURSTON COUNTY CHAMBER FOUNDATION

Form 990 for tax year 2023

Filed by THURSTON COUNTY CHAMBER FOUNDATION.

Totals

Total revenue
$488,767
Total expenses
$591,140
Contributions and grants received
$70,990
Grants paid
$0
Program service revenue
$357,221
Investment income
$2
Other revenue
$60,554
Total assets, end of year
$1,511,343
Total liabilities, end of year
$853,534
Net assets or fund balances, end of year
$657,809
Program services expenses (Part IX)
$420,946
Management and general expenses
$170,194
Fundraising expenses
$0
Program service expenses (Part III)
$420,946

Program services were 71.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $70,990

  • 2a · Program service revenue: THURSTON THRIVES

    total $148,000 · related or exempt $148,000

  • 2b · Program service revenue: LTC TUITION & SPONSORS

    total $125,621 · related or exempt $125,621

  • 2c · Program service revenue: SMALL BUSINESS INCUBATOR

    total $44,050 · related or exempt $44,050

  • 2d · Program service revenue: FIND YOUR FUTURE

    total $21,300 · related or exempt $21,300

  • 2e · Program service revenue: MATH FOR LIFE

    total $18,250 · related or exempt $18,250

  • 3 · Investment income

    total $2 · related or exempt $2

  • 6a · Gross rents

    real property $80,646

  • 6b · Less rental expenses

    real property $78,929

  • 6c · Rental income or loss

    real property $1,717

  • 6d · Net rental income or loss

    total $1,717 · related or exempt $1,717

  • 8a · Fundraising events: gross income

    $183,191

  • 8b · Fundraising events: direct expenses

    $124,354

  • 8c · Net income from fundraising events

    total $58,837 · excluded $58,837

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $105,001 · management and general $105,001

  • 11g · Fees: other

    total $46,006 · management and general $46,006

  • 12 · Advertising and promotion

    total $6,891 · management and general $6,891

  • 13 · Office expenses

    total $3,667 · management and general $3,667

  • 24a · Other expenses: LEADERSHIP THURSTON CO EX

    total $186,063 · program services $186,063

  • 24b · Other expenses: THURSTON THRIVES EXP

    total $142,584 · program services $142,584

  • 24c · Other expenses: INCUBATOR EXPENSES

    total $73,357 · program services $73,357

  • 24d · Other expenses: MATH FOR LIFE EXPENSES

    total $10,762 · program services $10,762

  • 24e · All other expenses

    total $16,809 · program services $8,180 · management and general $8,629

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $453,183 · end of year $376,222

  • 4 · Accounts receivable

    beginning of year $37,000 · end of year $26,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,950 · end of year $21,350

  • 10a · Land, buildings and equipment: cost or other basis

    $1,832,033

  • 10b · Land, buildings and equipment: accumulated depreciation

    $761,773

  • 10c · Land, buildings and equipment, net

    beginning of year $1,117,015 · end of year $1,070,260

  • 15 · Other assets

    beginning of year $15,899 · end of year $17,511

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,809 · end of year $28,251

  • 19 · Deferred revenue

    beginning of year $21,744 · end of year $21,851

  • 23 · Secured mortgages and notes payable

    beginning of year $698,906 · end of year $671,508

  • 24 · Unsecured notes and loans payable

    beginning of year $100,000 · end of year $100,000

  • 25 · Other liabilities

    beginning of year $45,406 · end of year $31,924

  • 27 · Net assets without donor restrictions

    beginning of year $612,982 · end of year $657,809

  • 28 · Net assets with donor restrictions

    beginning of year $147,200

Mission and programs · 2023

Mission

BUILDING STRONG COMMUNITIES THROUGH EDUCATIONS, ENTREPRENUERSHIP, AND EQUITY.

Activities or mission (Part I)

BUILDING STRONGER COMMUNITIES THROUGH EDUCATION, ENTREPRENEURSHIP AND EQUITY.

  • SMALL BUSINESS INCUBATOR: THE THRUSTON COUNTY SMALL BUSINESS INCUBATOR IS CREATING JOBS BY HELPING ENTREPRENEURS AND SMALL BUSINESSES ACCESS THE RESOURCES THEY NEED FOR GROWTH AND LONG-TERM SUCCESS. THE INCUBATOR, A PROJECT OF THE THRUSTON COUNTY CHAMBER FOUNDATION, IS SUPPORTED BY THE FOUNDATION, THE THURSTON COUNTY CHAMBER OF COMMERCE, THE BUSINESS COMMUNITY, AND LOCAL AND STATE GOVERNMENTS. FOR THE CURRENT YEAR, THE PROGRAM FOCUSED ON MINORITY OWNED MICRO BUSINESSES. 20 PEOPLE SERVED.

    Expenses $84,119

  • LEADERSHIP THURSTON COUNTY: A PROGRAM TO DEVELOP INFORMED, SKILLED AND COMMITTED LEADERSHIP REPRESENTATIVE OF THE AREA'S DIVERSE CITIZENS. THE PROGRAM WAS ESTABLISHED TO DEVELOP COMMUNITY LEADERS. IT IS A LOCAL PROGRAM CREATED SPECIFIALLY FOR OUR COMMUNITY AND DESIGNED TO HELP PARTICIPANTS: 1.ACQUIRE KNOWLEDGE AND A BROAD UNDERSTANDING OF THE COMPLEX ISSUES FACING SOUTH SOUND. 2.BUILD RELATIONSHIPS FOR COLLABORATIVE EFFORTS NEEDED TO RESOLVE CHALLENGES. 3.ENHANCE LEADERSHIP SKILLS THORUGH EXPERIENCES WITH COMMUNITY LEADERS AND OTHER ACTIVITIES DURING THE YEAR. 50 STUDENTS SERVED.

    Expenses $186,063

  • THURSTON THRIVES IS A COMMUNITY INITIATIVE TO IMPROVE THE HEALTH AND SAFETY FOR ALL PEOPLE IN THURSTON COUNTY. USING A COLLECTIVE IMPACT FRAMEWORK, THURSTON THRIVES BRINGS TOGETHER LOCAL JURISIDICTIONS, BUSINESSES AND NONPROFITS TO FIND NEW WAYS OF WORKING TOGETHER TO ADDRESS OUR REGIONS' MOST PRESSING NEEDS. 850 PEOPLE SERVED.

    Expenses $150,764

As filed on the 2023 return.

Listed in Part VII

  • TRENTON FLUETSCH

    CHAIR

    Total calculated
    $0

  • PATRICIA PICH

    TREASURER

    Total calculated
    $0

  • DAVID SCHAFFERT

    SECRETARY

    Total calculated
    $0

  • KEVIN STORMANS

    VICE CHAIR

    Total calculated
    $0

  • DAVE WASSON

    CHAIR ELECT

    Total calculated
    $0

  • MICHELLE WICKETT

    PAST CHAIR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511329349304411

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