Bellevue Chamber of Commerce

Nonprofit profile at a glance

EIN
910533602
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Bellevue, WA, USA
Phone
4254542464
Rating confidence
Limited

Official website

Reported finances

Revenue
$2,098,365
Expenses
$2,254,407
Assets
$1,187,127
Liabilities
$1,468,789

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

91 people listed

Executive titles in this filing

  • JOE FAIN (CEO)
  • JODIE ALBERTS (VICE PRESIDENT)

Highest reported compensation

  • JOE FAIN (CEO): $303,855 total reported compensation
  • JODIE ALBERTS (VICE PRESIDENT): $165,441 total reported compensation
  • JENNIFER CLARK (DIRECTOR): $164,047 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To be the voice of business by fostering a healthy business environment and providing strategic leadership, advocacy, tools and resources for business success.

What it reported doing in 2024

Committee operations: provide a forum for business issues, sponsor continuing education programs and serve as a conduit for business and the local community.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 68
  • Accountability: 82
  • Sustainability: 14
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7.4%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 1.24; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 28.1%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 62 of 62 board members independent · 5 of 9 filing controls reported
  • Programs: 5 filed program accomplishments
  • Leadership: top reported pay $304K · 91 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 10 of 11 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.