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Nonprofiteer
← THURSTON COUNTY ECONOMIC DEVELOPMENT COUNCIL

Form 990 for tax year 2023

Filed by THURSTON COUNTY ECONOMIC DEVELOPMENT COUNCIL.

Totals

Total revenue
$4,341,072
Total expenses
$4,295,565
Contributions and grants received
$4,026,274
Grants paid
$120,600
Program service revenue
$314,565
Investment income
$233
Other revenue
$0
Total assets, end of year
$994,445
Total liabilities, end of year
$635,975
Net assets or fund balances, end of year
$358,470
Program services expenses (Part IX)
$3,317,216
Management and general expenses
$978,349
Fundraising expenses
$0
Program service expenses (Part III)
$3,317,216

Program services were 77.2% 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.

  • 1b · Membership dues

    $165,532

  • 1e · Government grants (contributions)

    $3,736,240

  • 1f · All other contributions, gifts and grants

    $124,502

  • 2a · Program service revenue: NORTHWEST ALLIANCE

    total $153,755 · related or exempt $153,755

  • 2b · Program service revenue: FORECAST & INNOVATION

    total $86,036 · related or exempt $86,036

  • 2c · Program service revenue: REAL ESTATE FORUM

    total $52,649 · related or exempt $52,649

  • 2d · Program service revenue: HOOTENANNY

    total $16,125 · related or exempt $16,125

  • 2e · Program service revenue: WEDA CONFERENCE

    total $6,000 · related or exempt $6,000

  • 3 · Investment income

    total $233 · excluded $233

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,463 · program services $75,463

  • 2 · Grants to domestic individuals

    total $45,137 · program services $45,137

  • 5 · Compensation of officers, directors and key employees

    total $161,074 · program services $108,534 · management and general $52,540

  • 7 · Other salaries and wages

    total $1,495,882 · program services $1,007,947 · management and general $487,935

  • 8 · Pension plan contributions

    total $32,430 · program services $14,268 · management and general $18,162

  • 9 · Other employee benefits

    total $164,633 · program services $72,431 · management and general $92,202

  • 10 · Payroll taxes

    total $119,594 · program services $52,616 · management and general $66,978

  • 11c · Fees: accounting

    total $34,894 · program services $22,632 · management and general $12,262

  • 11g · Fees: other

    total $1,617,577 · program services $1,566,504 · management and general $51,073

  • 12 · Advertising and promotion

    total $71,704 · program services $37,143 · management and general $34,561

  • 13 · Office expenses

    total $24,897 · program services $6,074 · management and general $18,823

  • 16 · Occupancy

    total $58,907 · program services $2,267 · management and general $56,640

  • 17 · Travel

    total $82,035 · program services $34,858 · management and general $47,177

  • 20 · Interest

    total $9,494 · management and general $9,494

  • 23 · Insurance

    total $5,721 · management and general $5,721

  • 24a · Other expenses: EVENTS EXPENSE

    total $184,673 · program services $184,673

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $89,615 · program services $66,834 · management and general $22,781

  • 24c · Other expenses: BAD DEBT

    total $21,835 · program services $19,835 · management and general $2,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,478 · end of year $24,616

  • 4 · Accounts receivable

    beginning of year $783,877 · end of year $857,470

  • 9 · Prepaid expenses and deferred charges

    end of year $500

  • 15 · Other assets

    beginning of year $29,875 · end of year $111,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $456,889 · end of year $507,759

  • 23 · Secured mortgages and notes payable

    beginning of year $100,503 · end of year $16,357

  • 25 · Other liabilities

    beginning of year $29,875 · end of year $111,859

  • 27 · Net assets without donor restrictions

    beginning of year $312,963 · end of year $358,470

Mission and programs · 2023

Mission

THE MISSION OF THE THE THURSTON EDC IS TO PROMOTE AND INCREASE SUSTAINABLE ECONOMIC, INVESTMENT AND EMPLOYMENT OPPORTUNITIES THROUGHOUT THURSTON COUNTY THAT SUPPORT THE LIVELIHOOD, VALUES OF THE RESIDENTS OF THE COUNTY.

Activities or mission (Part I)

PROMOTE SUSTAINABLE ECONOMIC, INVESTMENT AND EMPLOYMENT OPPORTUNITIES THROUGHOUT THURSTON COUNTY.

  • THURSTON STRONGTHE THURSTON STRONG ECONOMIC RESPONSE AND RECOVERY INITIATIVE IS SUPPORTED BY FUNDING FROM THE U.S. DEPARTMENT OF THE TREASURY UNDER THE CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS AWARD AS PROVIDED BY THE AMERICAN RESCUE PLAN ACT. IN 2023, OVER $100,000 WENT TO GRANT AWARDEES. THE GOAL OF THE THURSTON STRONG GRANTS ARE TO PROVIDE FUNDING FOR BUSINESSES DIRECTLY AFFECTED BY COVID-19.

    Expenses $514,826 · Grants $120,600 · Revenue $314,565

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,802,390 · Revenue $1,958,150

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Michael Cade

    EXECUTIVE DIRECTOR

    Total calculated
    $161,074
    From this org
    $156,163
    From related orgs
    $0
    Other
    $4,911
    Hours/week
    45 + 10 related

    Schedule J breakdown matched by us

    Base
    $156,163
    Bonus
    $0
    Other
    $0
    Deferred
    $4,911
    Nontaxable benefits
    $0
    Filer's total
    $161,074
  • Mark Steepy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Heather Burgess

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Michael McGauly

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Peter Agabi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Reid Bates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joe Depinto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jim Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Marc Daily

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joe Downing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Gary Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Brian Fluetsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Wayne Fournier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Daryl Fourtner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jessica Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dan Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Cecilia Loveless

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Malcolm Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Evan Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Annette Pitts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Timothy Stokes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tony Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Carrie Whisler

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Chris Woods

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Shina Wysocki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tiffany Scroggs

    PROGRAM MANAGER

    Total calculated
    $121,660
    From this org
    $116,933
    From related orgs
    $0
    Other
    $4,727
    Hours/week
    40
  • Gene Angel

    DIRECTOR OF RESEARCH & EVALUATION

    Total calculated
    $104,235
    From this org
    $101,148
    From related orgs
    $0
    Other
    $3,087
    Hours/week
    40
  • Heidi McCutcheon

    DEPUTY DIRECTOR

    Total calculated
    $115,135
    From this org
    $111,904
    From related orgs
    $0
    Other
    $3,231
    Hours/week
    40
  • Thomas Meade

    DIRECTOR OF STRATEGIC ALLIANCES

    Total calculated
    $111,256
    From this org
    $106,850
    From related orgs
    $0
    Other
    $4,406
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • DISASTER RELIEF

  • GENERATIONS MIDWIFERY SERVICES

    $10,000

    DISASTER RELIEF

  • HOUSE OF DAVID LLC

    $10,000

    DISASTER RELIEF

  • OLYPHANT ART SOCIETY LTD

    $10,000

    DISASTER RELIEF

  • SOUL ON FIRE CONSULTING LLC

    $10,000

    DISASTER RELIEF

  • US MARTIAL ARTS CENTER

    $10,000

    DISASTER RELIEF

  • ALIVE AND WELL MASSAGE CLINIC INC

    $7,447

    DISASTER RELIEF

  • PERKINS FAMILY FARMS LLC

    $5,951

    DISASTER RELIEF

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
6 November 2024
IRS schema version
2023v5.1
Source object
202433119349302888

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