Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,000

• 1e · Government grants (contributions)

  $78,651

• 1f · All other contributions, gifts and grants

  $224,480

• 1g · Noncash contributions included above

  $250

• 2a · Program service revenue: Contract revenue

  total $383,994 · related or exempt $383,994

• 2b · Program service revenue: Municipal investor fee

  total $140,365 · related or exempt $140,365

• 2c · Program service revenue: Leadership skagit

  total $68,503 · related or exempt $68,503

• 2d · Program service revenue: Economic forecast nigh

  total $17,000 · related or exempt $17,000

• 3 · Investment income

  total $12 · excluded $12

• 8a · Fundraising events: gross income

  $4,500

• 8a · Fundraising events: contributions included on line 1c

  $2,000

• 8b · Fundraising events: direct expenses

  $4,875

• 8c · Net income from fundraising events

  total -$375 · excluded -$375

• 11a · Other revenue: Miscellaneous

  total $10,102 · excluded $10,102

• 11e · Other revenue, total

  $10,102

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,300 · program services $4,300

• 5 · Compensation of officers, directors and key employees

  total $304,690 · program services $186,549 · management and general $87,672 · fundraising $30,469

• 7 · Other salaries and wages

  total $219,280 · program services $205,558 · management and general $6,419 · fundraising $7,303

• 8 · Pension plan contributions

  total $7,145 · program services $6,772 · management and general $150 · fundraising $223

• 9 · Other employee benefits

  total $36,587 · program services $34,008 · management and general $1,365 · fundraising $1,214

• 10 · Payroll taxes

  total $38,057 · program services $28,764 · management and general $6,695 · fundraising $2,598

• 11c · Fees: accounting

  total $14,000 · management and general $14,000

• 12 · Advertising and promotion

  total $2,455 · program services $2,455

• 13 · Office expenses

  total $34,948 · program services $20,217 · management and general $13,796 · fundraising $935

• 14 · Information technology

  total $55,486 · program services $49,343 · management and general $4,095 · fundraising $2,048

• 16 · Occupancy

  total $47,788 · program services $33,451 · management and general $9,559 · fundraising $4,778

• 17 · Travel

  total $17,759 · program services $13,686 · management and general $4,030 · fundraising $43

• 19 · Conferences, conventions and meetings

  total $8,262 · program services $8,112 · management and general $150

• 22 · Depreciation, depletion and amortization

  total $1,391 · management and general $1,391

• 23 · Insurance

  total $5,605 · management and general $5,605

• 24a · Other expenses: Production expenses

  total $13,840 · program services $13,816 · management and general $24

• 24b · Other expenses: Miscellaneous

  total $8,452 · program services $3,439 · management and general $4,503 · fundraising $510

• 24c · Other expenses: Training

  total $2,687 · program services $2,355 · management and general $332

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $667,914 · end of year $473,115

• 2 · Savings and temporary cash investments

  beginning of year $2,407

• 3 · Pledges and grants receivable

  beginning of year $19,663 · end of year $6,000

• 4 · Accounts receivable

  beginning of year $74,900 · end of year $234,880

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,993 · end of year $10,709

• 10a · Land, buildings and equipment: cost or other basis

  $37,114

• 10b · Land, buildings and equipment: accumulated depreciation

  $23,636

• 10c · Land, buildings and equipment, net

  beginning of year $990 · end of year $13,478

• 15 · Other assets

  beginning of year $0 · end of year $359,291

• 17 · Accounts payable and accrued expenses

  beginning of year $43,061 · end of year $35,475

• 19 · Deferred revenue

  beginning of year $51,889 · end of year $47,536

• 21 · Escrow or custodial account liability

  beginning of year $160,061

• 25 · Other liabilities

  beginning of year $0 · end of year $364,794

• 27 · Net assets without donor restrictions

  beginning of year $510,332 · end of year $637,494

• 28 · Net assets with donor restrictions

  beginning of year $12,524 · end of year $12,174

The filer's explanations (Part III)

Part I, Line 3

The Chief Executive Officer's compensation is determined by contract terms which includes an annual increase baed on June CPI for Seattle. The Board determines criteria, amount and performance to a discretionary bonus.