Civic Intelligence

West Coast Infrastructure Exchange

990 • Fiscal year 2019 • EIN 46-5607290

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 05, 2019

308 SW 1st Avenue Suite 161Portland, OR 97204

(503) 863-5459

Siviq Scores

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

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

0.92x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-900%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$100,556

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 597.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

10th percentile

-46%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-92%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$181,434

Down $155,373 (-46%) from 2018

Net Assets

Down

$165,877

Down $151,590 (-48%) from 2018

Liabilities

Down

$15,557

Down $3,783 (-20%) from 2018

Revenue

Down

$16,837

Down $186,569 (-92%) from 2018

Expenses

Down

$168,427

Down $177,433 (-51%) from 2018

Net Income

Down

-$151,590

Down $9,136 (-6.4%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $600,234Liabilities 2014: $0Net Assets 2014: $600,2342014Assets 2015: $971,092Liabilities 2015: $46,167Net Assets 2015: $924,9252015Assets 2016: $691,547Liabilities 2016: $23,530Net Assets 2016: $668,0172016Assets 2017: $471,155Liabilities 2017: $11,234Net Assets 2017: $459,9212017Assets 2018: $336,807Liabilities 2018: $19,340Net Assets 2018: $317,4672018Assets 2019: $181,434Liabilities 2019: $15,557Net Assets 2019: $165,8772019Assets 2020: $66,130Liabilities 2020: $33,912Net Assets 2020: $32,2182020Assets 2021: $6,370Liabilities 2021: $9Net Assets 2021: $6,3612021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$181,434
Liabilities$15,557
Net Assets$165,877

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $600,249Expenses 2014: $15Net Income 2014: $600,2342014Revenue 2015: $1,012,368Expenses 2015: $687,676Net Income 2015: $324,6922015Revenue 2016: $215,658Expenses 2016: $472,566Net Income 2016: -$256,9082016Revenue 2017: $34,748Expenses 2017: $242,844Net Income 2017: -$208,0962017Revenue 2018: $203,406Expenses 2018: $345,860Net Income 2018: -$142,4542018Revenue 2019: $16,837Expenses 2019: $168,427Net Income 2019: -$151,5902019Revenue 2020: $4,844Expenses 2020: $138,503Net Income 2020: -$133,6592020Revenue 2021: $23,255Expenses 2021: $49,112Net Income 2021: -$25,8572021Revenue 2022: $0Expenses 2022: $2,456Net Income 2022: -$2,4562022

Highlighted filing

2019

Revenue$16,837
Expenses$168,427
Net Income-$151,590
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 5, 2019
Return Version
2018v3.1
Gross Receipts
$16,837
Mission and Program Overview

Mission

The West Coast Infrastructure Exchange (WCX)is a 501(c)(3) not-for-profit formed by the Governors and Treasurers of the West Coast States and the Premier of British Columbia. WCX seeks to spur infrastructure Innovaton in California, Oregon and Washington through public-private partnerships.

The West Coast Infrastructure Exchange (WCX) is a partnership of the three West Coast states that serves as a trusted advisor and provides impartial early stage analysis for public agencies considering public-private partnership infrastructure procurements. WCX ensures public agencies understand the potential benefits and disadvantages of alternative delivery methods that factor in lifecycle costs and long-term performance.WCX is a 501(c)(3) non-profit organization created by the Governors and Treasurers of Washington, Oregon, and California. Since its incorporation in 2014, WCX has provided public agencies in the three West Coast states with a variety of services including extensive training and education as well as project development assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$334,422$177,726▼ $156,696
Prepaid Expenses and Deferred Charges$1,208$3,487▲ $2,279
Accounts Receivable$1,177$221▼ $956
Savings and Temporary Cash Investments-$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-
Total Assets$336,807$181,434▼ $155,373
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$19,340$15,557▼ $3,783
Total Liabilities$19,340$15,557▼ $3,783
Net Assets / Fund Balance
Unrestricted Net Assets$317,467$165,877▼ $151,590
Total Net Assets Fund Balance$317,467$165,877▼ $151,590
Total Liabilities and Net Assets / Fund Balance$336,807$181,434▼ $155,373
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott BoardmanExecutive DirectorFT$92,292$8,264$100,556
Scott BeltAccountant-$4,388-$4,388

Board Members and Trustees

NameTitle
Anthony BuckleyChairman
Jason RichterDirector
Karmen ForeDirector
Sean RandolphDirector
Travis BrouwerDirector
Mark PisanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,296
Investment Income
$611
Other Revenue
$11,930
Change in Net Assets
$-151,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,837
Total Revenue per Audited Statements
$16,837
Total Revenue per Form 990
$16,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$110,021
Other Expenses$58,406
Total Fundraising Expense$1,683
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,374$27,989$933$93,296
Occupancy$18,507$8,046$268$26,821
Fees for Services Accounting$8,410$3,656$122$12,188
Payroll Taxes$5,286$2,299$76$7,661
Travel$4,708$2,047$68$6,823
Insurance$3,872$1,683$56$5,611
Other Employee Benefits$3,732$1,622$54$5,408
Pension Plan Contributions$2,523$1,096$37$3,656
Fees for Services Other$1,145$498$16$1,659
Other Expenses$110$48$2$160
All Other Expenses$26$11$1$38
Total Functional Expenses$116,217$50,527$1,683$168,427

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$168,427
Total Expenses per Audited Statements$168,427
Total Expenses per Form 990$168,427
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
Yes
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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 11B: Form 990 Review Process

Executive Director and Board Treasurer review 990 before it is filed.

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

Key people including board members are required to disclose annually interests that could give rise to conflict(s) of interest. To ensure compliance key people and board members are required to sign a conflict of interest statement as soon as they join the organization and at the first board meeting of the organizations fiscal year.

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

Executive director's compensation is approved by the board of directors.

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

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
West Coast Infrastructure Exchange
EIN
46-5607290
Phone
5038635459
Address
308 SW 1ST AVENUE SUITE 161, PORTLAND, OR 97204

Signing Officer

Name
Scott Boardman
Title
Executive Director
Signed
2019-12-05
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
6

Preparer

Firm
Mark Schwing CPA PC
Address
9725 SW Beaverton-Hillsdale Hwy Sui, Beaverton, OR 97005-4757
Preparer
Mark Schwing CPA
Phone
5035744511
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IRS990/OtherExpensesGrp/TotalAmt11200
IRS990/OtherExpensesGrp/TotalAmt2769
IRS990/OtherExpensesGrp/TotalAmt3160
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0230
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0230
IRS990/OtherRevenueTotalAmt0230
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt076
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02299
IRS990/PayrollTaxesGrp/ProgramServicesAmt05286
IRS990/PayrollTaxesGrp/TotalAmt07661
IRS990/PensionPlanContributionsGrp/FundraisingAmt037
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01096
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02523
IRS990/PensionPlanContributionsGrp/TotalAmt03656
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01208
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03487
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04296
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04296
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0435
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0235498
IRS990/PYOtherRevenueAmt015725
IRS990/PYProgramServiceRevenueAmt0187246
IRS990/PYRevenuesLessExpensesAmt0-142454
IRS990/PYSalariesCompEmpBnftPaidAmt0110362
IRS990/PYTotalExpensesAmt0345860
IRS990/PYTotalRevenueAmt0203406
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-151590
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt011700
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01006971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01181971
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0439492
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011930
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt015725
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01747
IRS990ScheduleA/OtherIncome170Grp/TotalAmt029402
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97570
IRS990ScheduleA/PublicSupportPY170Pct00.99030
IRS990ScheduleA/PublicSupportTotal170Amt01181971
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01006971
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01181971
IRS990ScheduleA/TotalSupportAmt01211373
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt010
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt023628
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt023638
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt041
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt094513
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt094554
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt0204
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt03972
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt04176
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/Form4720FiledInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrassrootsCeilingAmt035457
IRS990ScheduleC/LobbyingCeilingAmt0141831
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0.
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt1THE WEST COAST INFRASTRUCTURE EXCHANGE (WCX) WAS LEGALLY FORMED AS A NONPROFIT CORPORATION IN FEBRUARY 2014. DURING WCX'S FIRST SHORT YEAR, ACCOUNTING PERIOD FEBRUARY 20, 2014 TO JUNE 30, 2014, MANY OF WCX'S FORMATION AND START-UP EXPENSES WERE PAID BY THE OREGON STATE TREASURER'S OFFICE UNDER A FISCAL SPONSORSHIP AGREEMENT. THE EXPENSES COVERED BY THE OREGON STATE TREASURER'S OFFICE UNDER THE FISCAL SPONSORSHIP AGREEMENT INCLUDED $30,000 FOR LOBBYING ACTIVITIES CONDUCTED BY THE LOBBYING FIRM OF K&L GATES LLP ON BEHALF OF WCX. THE LOBBYING ACTIVITIES ENGAGED IN BY K&L GATES LLP ON BEHALF OF WCX INCLUDED DIRECT CONTACT WITH FEDERAL LEGISLATORS AND THEIR STAFFS CONCERNING INFRASTRUCTURE EXCHANGE DEVELOPMENT FUNDING FOR THE PACIFIC NORTHWEST REGION; INFRASTRUCTURE EXCHANGE MODEL DEVELOPMENT AND PILOT PROGRAM AUTHORIZATION; AND H.R. 4745, S. 2438 TRANSPORTATION, HOUSING AND URBAN DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS ACT, 2015: INFRASTRUCTURE EXCHANGE MODEL.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I-A, Line 1 - Direct and Indirect Political Campaign Activities
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II-B, Line 1i - Other Activities Description
IRS990ScheduleD/ExpensesSubtotalAmt0168427
IRS990ScheduleD/RevenueSubtotalAmt016837
IRS990ScheduleD/TotalExpensesPerForm990Amt0168427
IRS990ScheduleD/TotalRevenuePerForm990Amt016837
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016837
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0168427
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive Director and Board Treasurer review 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KEY PEOPLE INCLUDING BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICT(S) OF INTEREST. TO ENSURE COMPLIANCE KEY PEOPLE AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AS SOON AS THEY JOIN THE ORGANIZATION AND AT THE FIRST BOARD MEETING OF THE ORGANIZATIONS FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0336807
IRS990/TotalAssetsEOYAmt0181434
IRS990/TotalAssetsGrp/BOYAmt0336807
IRS990/TotalAssetsGrp/EOYAmt0181434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01683
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050527
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0116217
IRS990/TotalFunctionalExpensesGrp/TotalAmt0168427
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019340
IRS990/TotalLiabilitiesEOYAmt015557

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