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 CadeMICHAEL 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 SteepyMARK STEEPY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Heather BurgessHEATHER BURGESS
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael McGaulyMICHAEL MCGAULY
SECRETARY / TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter AgabiPETER AGABI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Reid BatesREID BATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe DepintoJOE DEPINTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim CooperJIM COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Marc DailyMARC DAILY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe DowningJOE DOWNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary EdwardsGARY EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian FluetschBRIAN FLUETSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Wayne FournierWAYNE FOURNIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Daryl FourtnerDARYL FOURTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jessica JensenJESSICA JENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan JonesDAN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cecilia LovelessCECILIA LOVELESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Malcolm MillerMALCOLM MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Evan ParkerEVAN PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Annette PittsANNETTE PITTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Timothy StokesDR TIMOTHY STOKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tony TaylorTONY TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carrie WhislerCARRIE WHISLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris WoodsCHRIS WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Shina WysockiSHINA WYSOCKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tiffany ScroggsTIFFANY SCROGGS
PROGRAM MANAGER
- Total calculated
- $121,660
- From this org
- $116,933
- From related orgs
- $0
- Other
- $4,727
- Hours/week
- 40
-
Gene AngelGENE 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 McCutcheonHEIDI MCCUTCHEON
DEPUTY DIRECTOR
- Total calculated
- $115,135
- From this org
- $111,904
- From related orgs
- $0
- Other
- $3,231
- Hours/week
- 40
-
Thomas MeadeTHOMAS 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
-
$11,005
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.
-
THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNOVATION
501(C)(3) · DEVELOP ENTREPRENEURIAL NETWORK WITHIN THURSTON COUNTY · WA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433119349302888
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