Form 990 for tax year 2022
Filed by SMALL BUSINESS EXPORT FINANCE ASSISTANCE CENTER OF WASHINGTON.
Totals
- Total revenue
- $883,758
- Total expenses
- $804,789
- Contributions and grants received
- $64,375
- Grants paid
- $0
- Program service revenue
- $819,371
- Investment income
- $12
- Other revenue
- $0
- Total assets, end of year
- $304,819
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $304,819
- Program services expenses (Part IX)
- $784,752
- Management and general expenses
- $20,037
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $784,752
Program services were 97.5% 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.
-
1e · Government grants (contributions)
$64,375
-
2a · Program service revenue: TRADE SHOW INCOME
total $712,347 · related or exempt $712,347
-
2b · Program service revenue: CONTRACT PAYMENT
total $90,000 · related or exempt $90,000
-
2c · Program service revenue: OTHER INCOME
total $17,024 · related or exempt $17,024
-
3 · Investment income
total $12 · excluded $12
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $82,314 · program services $82,314
-
9 · Other employee benefits
total $17,645 · program services $17,645
-
10 · Payroll taxes
total $6,944 · program services $6,944
-
11c · Fees: accounting
total $3,648 · management and general $3,648
-
11g · Fees: other
total $3,147 · management and general $3,147
-
12 · Advertising and promotion
total $149 · program services $149
-
13 · Office expenses
total $26 · management and general $26
-
14 · Information technology
total $625 · management and general $625
-
16 · Occupancy
total $15,033 · program services $15,033
-
17 · Travel
total $86 · management and general $86
-
19 · Conferences, conventions and meetings
total $110 · management and general $110
-
23 · Insurance
total $10,365 · management and general $10,365
-
24a · Other expenses: TRADE SHOW EXPENSES
total $633,896 · program services $633,896
-
24b · Other expenses: STEP GRANT EXPENSE
total $21,573 · program services $21,573
-
24c · Other expenses: TAX & LICENSE
total $7,318 · program services $7,198 · management and general $120
-
24d · Other expenses: TELEPHONE
total $1,329 · management and general $1,329
-
24e · All other expenses
total $581 · management and general $581
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $225,879 · end of year $186,570
-
2 · Savings and temporary cash investments
end of year $118,249
-
17 · Accounts payable and accrued expenses
beginning of year $29
-
27 · Net assets without donor restrictions
beginning of year $225,850 · end of year $304,819
Mission and programs · 2022
Mission
PROVIDE EXPORT FINANCE COUNSELING ASSISTANCE TO SMALL AND MID-SIZED WASHINGTON STATE EXPORTERS AND PROSPECTIVE EXPORTERS.
Activities or mission (Part I)
PROVIDE EXPORT FINANCE COUNSELING ASSISTANCE TO SMALL AND MID-SIZED WASHINGTON STATE EXPORTERS AND PROSPECTIVE EXPORTERS
-
PROVIDE ONGOING CONSULTING SERVICES ON EVERY ASPECT OF EXPORT FINANCE FOR WASHINGTON STATE EXPORTERS, INCLUDING HELPING TO QUALIFY FOREIGN BUYERS AND HELPING TO NEGOTIATE CONTRACTS WITH BUYERS.
Expenses $129,283 · Revenue $107,024
-
CONDUCT EXPORT FINANCE SEMINARS SINGLY AND IN PARTNERSHIP WITH FEDERAL, STATE AND LOCAL INTERNATIONAL TRADE DEVELOPMENT ORGANIZATIONS AND FINANCIAL INSTITUTUIONS, INCLUDING THE EX-IM BANK WORKING CAPITAL GUARANTEE PROGRAMS, THE MEDIUM-TERM GUARANTEE PROGRAM AND EXPORT CREDIT INSURANCE.
Expenses $21,573
-
MANAGE INTERNATIONAL TRADE SHOW ACTIVITY ON BEHALF OF WASHINGTON STATE DEPARTMENT OF COMMERCE.
Expenses $633,896 · Revenue $712,347
As filed on the 2022 return.
Listed in Part VII
-
Tim RasmussenTIM RASMUSSEN
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Rita DillonRITA DILLON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly PearsonKIMBERLY PEARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Isabelle DewulfISABELLE DEWULF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christie SkoorsmithCHRISTIE SKOORSMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349307508
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