Civic Intelligence

Downtown Pasco Development Authority

990 • Fiscal year 2018 • EIN 45-3169348

Jan 01, 2018 to Dec 31, 2018 • Filed on May 17, 2019

PO Box 688Pasco, WA 99301

(509) 546-1304

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.20x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

52nd percentile

3.9%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$57,815

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

84th percentile

51%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

69%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$26,272

Up $8,844 (+51%) from 2017

Net Assets

Up

$21,037

Up $16,457 (+359%) from 2017

Liabilities

Down

$5,235

Down $7,613 (-59%) from 2017

Revenue

Up

$422,229

Up $171,869 (+69%) from 2017

Expenses

Up

$405,776

Up $122,764 (+43%) from 2017

Net Income

Up

$16,453

Up $49,105 (+150%) from 2017

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $5,511Liabilities 2011: $0Net Assets 2011: $5,5112011Assets 2012: $37,144Liabilities 2012: $2,393Net Assets 2012: $34,7512012Assets 2013: $24,558Liabilities 2013: $16,443Net Assets 2013: $8,1152013Assets 2014: $32,960Liabilities 2014: $16,293Net Assets 2014: $16,6672014Assets 2015: $127,047Liabilities 2015: $52,496Net Assets 2015: $74,5512015Assets 2016: $51,328Liabilities 2016: $13,070Net Assets 2016: $38,2582016Assets 2017: $17,428Liabilities 2017: $12,848Net Assets 2017: $4,5802017Assets 2018: $26,272Liabilities 2018: $5,235Net Assets 2018: $21,0372018Assets 2019: $22,839Liabilities 2019: $8,646Net Assets 2019: $14,1932019Assets 2020: $188,401Liabilities 2020: $29,672Net Assets 2020: $158,7292020Assets 2021: $32,084Liabilities 2021: $4,918Net Assets 2021: $27,1662021Assets 2022: $24,480Liabilities 2022: $18,251Net Assets 2022: $6,2292022

Highlighted filing

2018

Assets$26,272
Liabilities$5,235
Net Assets$21,037

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $10,000Expenses 2011: $4,489Net Income 2011: $5,5112011Revenue 2012: $212,381Expenses 2012: $183,141Net Income 2012: $29,2402012Revenue 2013: $210,701Expenses 2013: $237,337Net Income 2013: -$26,6362013Revenue 2014: $253,523Expenses 2014: $252,304Net Income 2014: $1,2192014Revenue 2015: $234,050Expenses 2015: $192,216Net Income 2015: $41,8342015Revenue 2016: $236,307Expenses 2016: $272,600Net Income 2016: -$36,2932016Revenue 2017: $250,360Expenses 2017: $283,012Net Income 2017: -$32,6522017Revenue 2018: $422,229Expenses 2018: $405,776Net Income 2018: $16,4532018Revenue 2019: $469,568Expenses 2019: $487,738Net Income 2019: -$18,1702019Revenue 2020: $770,293Expenses 2020: $625,757Net Income 2020: $144,5362020Revenue 2021: $601,902Expenses 2021: $733,465Net Income 2021: -$131,5632021Revenue 2022: $763,301Expenses 2022: $784,238Net Income 2022: -$20,9372022

Highlighted filing

2018

Revenue$422,229
Expenses$405,776
Net Income$16,453
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 17, 2019
Return Version
2018v3.1
Gross Receipts
$442,950
Mission and Program Overview

Mission

See Schedule O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,428$26,272▲ $8,844
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$17,428$26,272▲ $8,844
Other Assets Total-$0-
Liabilities
Deferred Revenue$10,000--
Other Liabilities$2,848$5,235▲ $2,387
Total Liabilities$12,848$5,235▼ $7,613
Net Assets / Fund Balance
Unrestricted Net Assets$4,580$21,037▲ $16,457
Total Net Assets Fund Balance$4,580$21,037▲ $16,457
Total Liabilities and Net Assets / Fund Balance$17,428$26,272▲ $8,844
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Luke HallowellExecutive DirectorFT$57,815$57,815
Damien E DavisInterim DirectorFT$2,843$2,843

Board Members and Trustees

NameTitle
Jacob GonzalezPresident
Ofelia OchoaBoard Member
Rolando RodriguezBoard Member
Sabrina OchoaBoard Member
Sean GehlenBoard Member
Michael MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$219,751
Program Service Revenue
$207,532
Investment Income
$0
Other Revenue
$-5,054
All Other Contributions
$27,275
Change in Net Assets
$16,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,026
Salaries, Compensation, and Employee Benefits$168,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,672--$85,672
Occupancy$64,395--$64,395
Current Officers, Directors, Trustees, and Key Employees$60,658--$60,658
Office Expenses$16,686--$16,686
Fees for Services Accounting$16,166--$16,166
Payroll Taxes$13,478--$13,478
Advertising$11,925--$11,925
Other Employee Benefits$8,942--$8,942
Insurance$6,254--$6,254
All Other Expenses$3,955--$3,955
Other Expenses$2,441--$2,441
Travel$2,348--$2,348
Fees for Services Legal$966--$966
Interest$24--$24
Total Functional Expenses$405,776$0$0$405,776
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$20,721
Fundraising Gross Income$15,667
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sundown$10,779$10,779$16,293$-5,514
Total Events$10,779$10,779$16,293$-5,514
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Umpqua Visa$4,541
Wa Workers Compensation$503
Wa Sui Employer$171
Federal Unemployment$73
Federal Taxes$-53
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

No committee(s) is allowed to act on behalf of the governing body.

Form 990, Part VI, Line 11B: Form 990 Review Process

An independent c.p.a. Firm will prepare & review the form 990 with the appropriate staff & management.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest disclosure questionnaire.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Payroll decisions are discussed & approved by the board of directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Payroll decisions are discussed & approved by the board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Provided to public upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Pasco Development Authority
EIN
45-3169348
Phone
5095461304
Address
PO BOX 688, PASCO, WA 99301

Signing Officer

Name
Michael Miller
Title
Treasurer
Signed
2019-05-17
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
5
Employees
8

Preparer

Firm
Baker & Giles PS CPAs
Address
10110 CHAPEL HILL BLVD, Pasco, WA 99301
Preparer
Mark Morrissette
Phone
5095470544
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

ROUNDING = $4

Organization Mission

The mission of the DPDA is to strengthen and develop Downtown Pasco as a center for culture, business, and community spirit. We will accomplish this by promoting public safety, encouraging cultural understanding, strengthening and fostering a diverse business mix, improving Downtown's appearance, providing business education, and serving as a liaison between local government and the Pasco community.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0138695
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UMPQUA VISA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEE(S) IS ALLOWED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN INDEPENDENT C.P.A. FIRM WILL PREPARE & REVIEW THE FORM 990 WITH THE APPROPRIATE STAFF & MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL DECISIONS ARE DISCUSSED & APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL DECISIONS ARE DISCUSSED & APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROVIDED TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING = $4
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The mission of the DPDA is to strengthen and develop Downtown Pasco as a center for culture, business, and community spirit. We will accomplish this by promoting public safety, encouraging cultural understanding, strengthening and fostering a diverse business mix, improving Downtown's appearance, providing business education, and serving as a liaison between local government and the Pasco community.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Organization Mission
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