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Nonprofiteer
← LAKEWOOD AREA CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by LAKEWOOD AREA CHAMBER OF COMMERCE.

Totals

Total revenue
$282,689
Total expenses
$344,890
Contributions and grants received
$227,307
Grants paid
$0
Program service revenue
$55,382
Investment income
$0
Other revenue
$0
Total assets, end of year
$48,079
Total liabilities, end of year
$181,090
Net assets or fund balances, end of year
-$133,011
Program services expenses (Part IX)
$211,956
Management and general expenses
$132,934
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 61.5% 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.

  • 1b · Membership dues

    $109,828

  • 1e · Government grants (contributions)

    $109,421

  • 1f · All other contributions, gifts and grants

    $8,058

  • 2a · Program service revenue: FUNDRAISING EVENTS

    total $55,382 · related or exempt $55,382

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $137,519 · program services $137,519

  • 7 · Other salaries and wages

    total $36,793 · program services $8,689 · management and general $28,104

  • 8 · Pension plan contributions

    total $4,077 · program services $897 · management and general $3,180

  • 9 · Other employee benefits

    total $22,098 · management and general $22,098

  • 10 · Payroll taxes

    total $16,552 · program services $3,310 · management and general $13,242

  • 11c · Fees: accounting

    total $3,300 · management and general $3,300

  • 12 · Advertising and promotion

    total $311 · program services $311

  • 13 · Office expenses

    total $3,082 · management and general $3,082

  • 14 · Information technology

    total $3,659 · management and general $3,659

  • 16 · Occupancy

    total $30,214 · management and general $30,214

  • 19 · Conferences, conventions and meetings

    total $247 · program services $247

  • 20 · Interest

    total $8,225 · management and general $8,225

  • 23 · Insurance

    total $4,101 · management and general $4,101

  • 24a · Other expenses: TOURSIM CONTRACT

    total $26,479 · program services $26,479

  • 24b · Other expenses: OTHER

    total $24,694 · program services $24,694

  • 24c · Other expenses: BLUE LIGHTS

    total $9,810 · program services $9,810

  • 24d · Other expenses: DOMAIN & WEBSITE

    total $7,433 · management and general $7,433

  • 24e · All other expenses

    total $6,296 · management and general $6,296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,257 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $23,344 · end of year $1,045

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

    $46,534

  • 10c · Land, buildings and equipment, net

    beginning of year $46,534 · end of year $46,534

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,607 · end of year $19,995

  • 19 · Deferred revenue

    beginning of year $5,352 · end of year $14,576

  • 24 · Unsecured notes and loans payable

    beginning of year $145,986 · end of year $146,519

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$70,810 · end of year -$133,011

Mission and programs · 2022

Mission

THE CHAMBER OF COMMERCE IS USED TO DEVELOP THE ECONOMIC, COMMERCIAL, INDUSTRIAL, CULTURAL AND CIVIC WELFARE OF THE COMMUNITY.

Activities or mission (Part I)

THE CHAMBER OF COMMMERCE IS USED TO PROMOTE AND DEVELOP THE ECONOMIC, COMMERCIAL, INDUSTRIAL, CULTURAL AND CIVIC WELFARE OF THE COMMUNITY.

  • ENGAGE WITH MEMBERS TO PROMOTE TOURISM OPPORTUNITIES IN LAKEWOOD, WA AND SURROUNDING AREAS.

  • PROVIDE GENERAL NETWORKING AND LEARNING OPPORTUNITIES FOR CHAMBER MEMBERS.

  • PROMOTE COMMUNITY INVOLVEMENT BY SPONSORING ACTIVITIES. THESE INCLUDE DOWNTOWN HOLIDAY DECORATIONS, FOOT GOLF TOURNAMENT & JUNK IN THE TRUNK, AND OTHER VARIOUS COMMUNITY ACTIVITIES.

As filed on the 2022 return.

Listed in Part VII

  • Linda K Smith

    PRESIDENT &

    Total calculated
    $95,102
    From this org
    $95,102
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Michael Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Trudy Cofchin

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Tammy Faeinar

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Hailey Wheeler

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Tod Wolf

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    3

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.

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2025
IRS schema version
2022v5.0
Source object
202522899349300337

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