Civic Intelligence

The Gig Harbor Downtown Waterfront Alliance

990 • Fiscal year 2020 • EIN 42-1754237

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 22, 2021

PO Box 771Gig Harbor, WA 98335

(253) 514-0071

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.19x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.26x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

24th percentile

-15%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$65,459

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 34.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

31st percentile

-6.4%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-45%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$258,411

Down $17,708 (-6.4%) from 2019

Net Assets

Down

$208,795

Down $68,591 (-25%) from 2019

Liabilities

Up

$49,616

Up $50,883 (+4016%) from 2019

Revenue

Down

$190,471

Down $158,695 (-45%) from 2019

Expenses

Down

$219,222

Down $120,541 (-35%) from 2019

Net Income

Down

-$28,751

Down $38,154 (-406%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2010: $28,890Liabilities 2010: $5,6932010Assets 2011: $84,744Liabilities 2011: $1,349Net Assets 2011: $83,3952011Assets 2012: $119,536Liabilities 2012: $1,426Net Assets 2012: $118,1102012Assets 2013: $160,653Liabilities 2013: $2,654Net Assets 2013: $157,9992013Assets 2014: $201,733Liabilities 2014: $21,960Net Assets 2014: $179,7732014Assets 2015: $209,674Liabilities 2015: $2,507Net Assets 2015: $207,1672015Assets 2016: $279,414Liabilities 2016: $1,073Net Assets 2016: $278,3412016Assets 2017: $283,440Liabilities 2017: $954Net Assets 2017: $282,4862017Assets 2018: $268,232Liabilities 2018: $1,184Net Assets 2018: $267,0482018Assets 2019: $276,119Liabilities 2019: -$1,267Net Assets 2019: $277,3862019Assets 2020: $258,411Liabilities 2020: $49,616Net Assets 2020: $208,7952020Assets 2021: $326,894Liabilities 2021: $1,091Net Assets 2021: $325,8032021Assets 2022: $357,669Liabilities 2022: $2,570Net Assets 2022: $355,0992022Assets 2023: $407,221Liabilities 2023: $4,195Net Assets 2023: $403,0262023Assets 2024: $501,277Liabilities 2024: $6,114Net Assets 2024: $495,1632024

Highlighted filing

2020

Assets$258,411
Liabilities$49,616
Net Assets$208,795

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $117,988Expenses 2010: $98,779Net Income 2010: $19,2092010Revenue 2011: $162,209Expenses 2011: $102,011Net Income 2011: $60,1982011Expenses 2012: $178,5972012Revenue 2013: $192,394Expenses 2013: $152,505Net Income 2013: $39,8892013Revenue 2014: $289,093Expenses 2014: $267,319Net Income 2014: $21,7742014Revenue 2015: $359,352Expenses 2015: $331,958Net Income 2015: $27,3942015Revenue 2016: $425,975Expenses 2016: $354,801Net Income 2016: $71,1742016Revenue 2017: $372,265Expenses 2017: $368,120Net Income 2017: $4,1452017Revenue 2018: $334,944Expenses 2018: $350,382Net Income 2018: -$15,4382018Revenue 2019: $349,166Expenses 2019: $339,763Net Income 2019: $9,4032019Revenue 2020: $190,471Expenses 2020: $219,222Net Income 2020: -$28,7512020Revenue 2021: $279,127Expenses 2021: $223,354Net Income 2021: $55,7732021Revenue 2022: $339,996Expenses 2022: $311,265Net Income 2022: $28,7312022Revenue 2023: $399,335Expenses 2023: $351,408Net Income 2023: $47,9272023Revenue 2024: $413,983Expenses 2024: $321,846Net Income 2024: $92,1372024

Highlighted filing

2020

Revenue$190,471
Expenses$219,222
Net Income-$28,751
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 22, 2021
Return Version
2020v4.1
Gross Receipts
$190,471
Mission and Program Overview

Mission

The Mission of the Gig Harbor Historic Waterfront Association is to bring together community and waterfront district stakeholders in order to encourage economic vitality and to preserve the historic character and quality of the area.

The mission of the gig harbor historic waterfront association is to bring together community and waterfront district stakeholders in order to encourage economic vitality and to preserve the historic character and quality of the area

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$274,890$256,776▼ $18,114
Rtn Earn Endowment Incm Other Fnds$277,386$208,795▼ $68,591
Land, Buildings, and Equipment, Net$1,229$1,229→ $0
Accounts Receivable-$406-
Total Assets$276,119$258,411▼ $17,708
Liabilities
Other Liabilities$-1,267$49,616▲ $50,883
Total Liabilities$-1,267$49,616▲ $50,883
Net Assets / Fund Balance
Total Net Assets Fund Balance$277,386$208,795▼ $68,591
Total Liabilities and Net Assets / Fund Balance$276,119$258,411▼ $17,708

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,229$679$1,908
Buildings$0--
Other Land Buildings$0--
Land$0--
Leasehold Improvements$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary J DesmaraisExecutive DirectorFT$65,459$65,459

Board Members and Trustees

NameTitle
Mary GormanVice President
Annie ArbenzBoard Member
Bob LarsonBoard Member
Coby SagleBoard Member
Jennifer Stiefelboard member
Jenny BeanBoard Member
Karrie PolinskyBoard Member
Kurt GrimmerBoard Member
Lee SmithBoard Member
Melissa MollerBoard Member
Richard PiferBoard Member
Peter StanleySecretary
Chuck CuzzettoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,471
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$145,564
Change in Net Assets
$-28,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$169,730
Other Expenses$49,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$104,271$0$104,271
Current Officers, Directors, Trustees, and Key Employees$0$65,459$0$65,459
Occupancy$11,401$0$0$11,401
Other Expenses$6,263$0$0$6,263
Fees for Services Accounting$5,110$0$0$5,110
Insurance$2,589$0$0$2,589
All Other Expenses$2,196$0$0$2,196
Information Technology$1,939$0$0$1,939
Advertising$1,840$0$0$1,840
Conferences and Meetings$1,774$0$0$1,774
Travel$377$0$0$377
Depreciation Depletion$110$0$0$110
Total Functional Expenses$49,492$169,730$0$219,222
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$48,725
Columbia Bank Visa$468
Union Bank Visa$423
Payroll Liabilities$0
Taxes Payable$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Gig Harbor Downtown Waterfront Alliance
EIN
42-1754237
Phone
2535140071
Address
PO Box 771, Gig Harbor, WA 98335

Signing Officer

Name
Charles Cuzzetto
Title
President
Phone
2535140071
Signed
2021-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Cuzzetto
Formed
2008
Legal Domicile
Wa
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
249

Preparer

Firm
Belfair Tax & Bookkeeping
Address
10 NE Creelman Ln Ste B, Belfair, WA 98528
Preparer
Tamara Christensen
Phone
3602753119
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

The organization has members who have the right to elect members of the board. Candidates are selected by the nominating committee. Members then vote on the candidates by ballot.

Pt VI, Line 11B

Form 990 is reviewed by the president and the executive committee.

Pt VI, Line 12C

Periodic review of policies and procedures handbook by executive committee and organization committee.

Pt VI, Line 15A

Executive director receives written performance and salary review which is reviewed by officers of the board. The salary review includes comparison with directors of other main street memebers and other non-profits.

Pt VI, Line 19

The organization makes its governing documents and conflict of interest policy available on request.

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IRS990/OtherExpensesGrp/ProgramServicesAmt012887
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt23006
IRS990/OtherExpensesGrp/ProgramServicesAmt36263
IRS990/OtherExpensesGrp/TotalAmt012887
IRS990/OtherExpensesGrp/TotalAmt10
IRS990/OtherExpensesGrp/TotalAmt23006
IRS990/OtherExpensesGrp/TotalAmt36263
IRS990/OtherLiabilitiesGrp/BOYAmt0-1267
IRS990/OtherLiabilitiesGrp/EOYAmt049616
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0104271
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0104271
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CHARLES CUZZETTO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0200780
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02156
IRS990/PYOtherExpensesAmt0176483
IRS990/PYProgramServiceRevenueAmt0146230
IRS990/PYRevenuesLessExpensesAmt09403
IRS990/PYSalariesCompEmpBnftPaidAmt0163280
IRS990/PYTotalExpensesAmt0339763
IRS990/PYTotalRevenueAmt0349166
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-28751
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0190472
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0277386
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0208795
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0190471
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0349166
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0334944
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0372265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0425975
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01672821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01672821
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0190471
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0349166
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0334944
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0372265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0425975
IRS990ScheduleA/Total509Grp/TotalAmt01672821
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01672821
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01229
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0679
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01908
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt30
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt448725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNION BANK VISA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COLUMBIA BANK VISA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01229
IRS990ScheduleD/TotalLiabilityAmt049616
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS WHO HAVE THE RIGHT TO ELECT MEMBERS OF THE BOARD. CANDIDATES ARE SELECTED BY THE NOMINATING COMMITTEE. MEMBERS THEN VOTE ON THE CANDIDATES BY BALLOT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE PRESIDENT AND THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERIODIC REVIEW OF POLICIES AND PROCEDURES HANDBOOK BY EXECUTIVE COMMITTEE AND ORGANIZATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR RECEIVES WRITTEN PERFORMANCE AND SALARY REVIEW WHICH IS REVIEWED BY OFFICERS OF THE BOARD. THE SALARY REVIEW INCLUDES COMPARISON WITH DIRECTORS OF OTHER MAIN STREET MEMEBERS AND OTHER NON-PROFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0276119
IRS990/TotalAssetsEOYAmt0258411
IRS990/TotalAssetsGrp/BOYAmt0276119
IRS990/TotalAssetsGrp/EOYAmt0258411
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0190471
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0169730
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt049492
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219222
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-1267
IRS990/TotalLiabilitiesEOYAmt049616
IRS990/TotalLiabilitiesGrp/BOYAmt0-1267
IRS990/TotalLiabilitiesGrp/EOYAmt049616
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0277386

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.01$0.06$4.95$4.14$3.22$0.92
2023Detailed filing. Detailed filing data is available for this year.$4.07$0.04$4.03$3.99$3.51$0.48
2022Detailed filing. Detailed filing data is available for this year.$3.58$0.03$3.55$3.40$3.11$0.29
2021Detailed filing. Detailed filing data is available for this year.$3.27$0.01$3.26$2.79$2.23$0.56
2020Detailed filing. Detailed filing data is available for this year.$2.58$0.50$2.09$1.90$2.19$0.29
2019Detailed filing. Detailed filing data is available for this year.$2.76$0.01$2.77$3.49$3.40$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.68$0.01$2.67$3.35$3.50$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.83$0.01$2.82$3.72$3.68$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.79$0.01$2.78$4.26$3.55$0.71
2015Detailed filing. Detailed filing data is available for this year.$2.10$0.03$2.07$3.59$3.32$0.27
2014Detailed filing. Detailed filing data is available for this year.$2.02$0.22$1.80$2.89$2.67$0.22
2013Detailed filing. Detailed filing data is available for this year.$1.61$0.03$1.58$1.92$1.53$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.01$1.18$1.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.01$0.83$1.62$1.02$0.60
2010Summary only. Only limited summary data is available for this year.$0.29$0.06$1.18$0.99$0.19
Peer Organizations

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