2025-12-22T15:57:38-06:00 2024-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-01-01 911896341 Spokane Area Business Foundation SPOK 5096241393 801 W Riverside Ave Ste 200 Spokane WA 99201 Alisha Benson CEO 5096241393 2025-12-22 1 1 Deb Nelson CPA P01264758 6122536500 2025-12-10 2024 2025-03-06 01:10:19Z Alisha Benson 801 W Riverside Ave Ste 200 Spokane WA 99201 79356 0 X N/A X 1996 WA To enhance the quality of life in Greater Spokane by fostering education, civic leadership, cultural diversity, and economic resilience. 6 5 0 5 0 0 676183 60477 0 0 4065 18879 0 0 680248 79356 59084 165640 0 0 38341 0 0 0 0 82 110948 97507 276588 582741 -197232 843025 1179208 102202 84187 740823 1095021 X The purpose of the Spokane Area Business Foundation is to advance the quality of life in the greater Spokane region by building support for programs that strengthen education, develop civic leadership, support cultural diversity, improve economic and community research, and build civic capital. 0 0 207362 120000 Believe Spokane is a five-year campaign to increase economic vitality with a focus on economic development and talent attraction and retention focused on growth, equity, and agility. 45640 45640 Operation Spokane Heroes: Volunteer Committee identifies and fulfills needs of veterans based upon referrals from other organizations that provide services to veterans. As part of the mission to support education and community research, Spokane Area Business Foundation occasionally holds events. No events were held in 2024. 253002 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X Alisha Benson 5096241393 801 W Riverside Ave Ste 200 Spokane WA 99201 Alisha Benson CEO & Director 1.00 41.00 X X 0 227175 27509 Stacey Cowles Chair 1.00 1.00 X X 0 0 0 Charlotte Nemec Chair-elect 1.00 1.00 X X 0 0 0 Dan Demchuk Secretary/Treasurer 1.00 1.00 X X 0 0 0 Carla Cicero Past Chair 1.00 1.00 X X 0 0 0 William Symmes General Counsel 1.00 1.00 X X 0 0 0 0 227175 27509 0 0 1 0 0 60477 60477 18879 18879 79356 0 0 18879 X 14500 14500 151140 151140 77530 77530 20366 20366 3220 3220 9832 9832 276588 253002 23586 0 843025 754359 0 408430 0 7826 0 8593 843025 1179208 7202 4000 95000 80187 102202 84187 X 692719 299725 48104 795296 740823 1095021 843025 1179208 X -197232 551430 X 0 0 0 X X 1 Spokane Regional Chamber of Commerce dba Greater Spokane Incorporated 910418800 10 1 0 165640 1 0 165640 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 3b: Greater Spokane Inc. (GSI) completes the Section 509(a)(2) public support test on an annual basis when the Form 990 is prepared and provides the calculation and related supporting schedules to the Foundation to retain for its records. For the current tax year, the Foundation confirmed that GSI continues to satisfy the public support test as required. Part IV, Section A, Line 3c: Funding must meet the charitable purpose of the Foundation and is screened against established criteria by the leadership member overseeing each transaction. Spokane Area Business Foundation (SABF) also provides direct assistance to individuals who fall under Greater Spokane Inc.'s (GSI's) charitable class, ensuring alignment with the mission and objectives of both Organizations. All assistance to GSI is in support of charitable activities conducted by GSI that fulfill the exempt purpose of SABF. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Payable to Affiliates 80187 80187 1 Operation Spokane Heroes 200 31140 Fair market value based on receipts of purchased items Gas, food, financial aid, housing assistance, etc. Believe Spokane Economic Development 19 120000 Regional economic development Part I, Line 2: Operation Spokane Heroes (OSH) is a committee that has operated under the umbrella of Greater Spokane Inc. (GSI) for over 20 years, providing essential support to veterans in need. OSH does not provide direct cash payments to veterans. Instead, the committee assists by covering specific expenses such as electric bills, rent, phone services, repair costs, and by purchasing gift cards for essential needs. All expenditures are processed using a GSI-managed credit card, with strict oversight to ensure accountability and transparency. Each transaction requires supporting documentation, including receipts that detail the recipient's name, dollar amount, and the purpose of the expense. GSI also manages the receipt and allocation of donated funds designated for OSH and oversees the OSH checking account. This arrangement ensures proper financial stewardship while allowing OSH to focus on fulfilling its mission to support veterans in our community. 0 0 0 0 0 0 0 0 0 Alisha Benson CEO & Director 0 198437 0 0 0 28738 0 10656 0 18045 0 255876 0 0 Part I, Line 3 The Foundation does not establish the compensation of the CEO. Compensation is determined by their supported organization and the Foundation relied on their supported organization to establish compensation. Form 990, Part VI, Section A, line 2 Alisha Benson has a business relationship with Carla Cicero, William Symmes, Stacey Cowles, Dan Demchuk, and Charlotte Nemec as Alisha is compensated by Greater Spokane Inc. (GSI), a related organization, and Carla Cicero, William Symmes, Stacey Cowles, Dan Demchuk, and Charlotte Nemec also serve as board members of GSI. Form 990, Part VI, Section A, line 7a Greater Spokane Inc. (GSI), a supported organization, has authority to appoint a majority of the officers and board members of Spokane Area Business Foundation. Form 990, Part VI, Section A, line 8a Spokane Area Business Foundation is reviewing the governance process to insure it is in compliance with its bylaws. Form 990, Part VI, Section A, line 8b There were no committees with broad authority that acted on behalf of the board. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by the CEO of the supported organization, Spokane Regional Chamber of Commerce dba Greater Spokane Inc. (GSI), prior to filing. Additionally, the Form 990 is provided to all members of the GSI finance committee who have the authority to review on behalf of the board. The finance committee operates as the finance committee for GSI and SABF and has informal authority from the SABF board. Form 990, Part VI, Section B, line 12 Spokane Area Business Foundation (SABF) has not formally adopted a conflict of interest policy, but since the board is made up a committee of Greater Spokane Incorporated (GSI), a related organization, SABF relies on the GSI conflict of interest policy to discover and report potential conflicts. The GSI conflict of interest policy covers the Board of Directors. When a conflict arises, the Director must provide a written statement of to the Board. The Board will vote on the matter while the Director with the conflict must recuse themselves from the discussion and vote. Form 990, Part VI, Section B, line 15 The compensation for the CEO is reviewed, approved, and paid by Greater Spokane Incorporated, a related organization. Form 990, Part VI, Section C, line 19 The organization's governing documents and financial statements are made available to the public upon request. Form 990, Part IX, line 11g Professional Services: Program service expenses 77,530. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,530. Form 990, Part XI, line 9: Prior Year Restatement of Pledges Receivable 551,430. Spokane Regional Chamber Commerce dba Greater Spokane Incorporated 801 W Riverside Ave Suite 200 Spokane WA 99201 910418800 Business development organization. WA 501(c)(6) None 0 Spokane Agricultural Exposition 801 W Riverside Ave Suite 200 Spokane WA 99201 910998656 Event held to connect agriculture professionals across the Northwest. WA 501(c)(6) Spokane Regional Chamber of Commerce dba Greater Spokane Incorporated 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0