Civic Intelligence

Cowlitz Economic Development Council

990 • Fiscal year 2014 • EIN 91-1154753

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 05, 2015

P O Box 1278Longview, WA 98632

(360) 423-9921

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)4 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)4 • <$500k nonprofits • Source year 2014

Net Margin

24th percentile

-9.1%

Higher net margin than 24% of similar nonprofits.

2014 filings • 501(c)4 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$101,145

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 26.7% of source-year revenue.

2014 filings • 501(c)4 • <$500k nonprofits • Source year 2014

Asset Growth

8th percentile

-37%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)4 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

8.0%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • 501(c)4 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$84,101

Down $50,058 (-37%) from 2013

Net Assets

Down

$80,823

Down $34,337 (-30%) from 2013

Liabilities

Down

$3,278

Down $15,721 (-83%) from 2013

Revenue

Up

$378,456

Up $28,033 (+8.0%) from 2013

Expenses

Up

$412,793

Up $32,103 (+8.4%) from 2013

Net Income

Down

-$34,337

Down $4,070 (-13%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $179,464Liabilities 2011: $0Net Assets 2011: $179,4642011Assets 2012: $148,033Liabilities 2012: $2,606Net Assets 2012: $145,4272012Assets 2013: $134,159Liabilities 2013: $18,999Net Assets 2013: $115,1602013Assets 2014: $84,101Liabilities 2014: $3,278Net Assets 2014: $80,8232014Assets 2015: $53,909Liabilities 2015: $3,294Net Assets 2015: $50,6152015Assets 2016: $35,175Liabilities 2016: $3,046Net Assets 2016: $32,1292016Assets 2017: $62,770Liabilities 2017: $3,609Net Assets 2017: $59,1612017Assets 2018: $28,928Liabilities 2018: $2,683Net Assets 2018: $26,2452018Assets 2019: $42,068Liabilities 2019: $2,350Net Assets 2019: $39,7182019Assets 2020: $180,623Liabilities 2020: $3,408Net Assets 2020: $177,2152020Assets 2021: $215,374Liabilities 2021: $3,337Net Assets 2021: $212,0372021Assets 2022: $182,285Liabilities 2022: $5,385Net Assets 2022: $176,9002022Assets 2023: $137,166Liabilities 2023: $4,239Net Assets 2023: $132,9272023Assets 2024: $98,390Liabilities 2024: $4,363Net Assets 2024: $94,0272024

Highlighted filing

2014

Assets$84,101
Liabilities$3,278
Net Assets$80,823

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $285,029Expenses 2011: $293,487Net Income 2011: -$8,4582011Revenue 2012: $393,097Expenses 2012: $427,134Net Income 2012: -$34,0372012Revenue 2013: $350,423Expenses 2013: $380,690Net Income 2013: -$30,2672013Revenue 2014: $378,456Expenses 2014: $412,793Net Income 2014: -$34,3372014Revenue 2015: $327,426Expenses 2015: $357,634Net Income 2015: -$30,2082015Revenue 2016: $296,997Expenses 2016: $315,484Net Income 2016: -$18,4872016Revenue 2017: $362,249Expenses 2017: $335,217Net Income 2017: $27,0322017Revenue 2018: $354,521Expenses 2018: $387,437Net Income 2018: -$32,9162018Revenue 2019: $372,736Expenses 2019: $359,263Net Income 2019: $13,4732019Revenue 2020: $458,208Expenses 2020: $320,711Net Income 2020: $137,4972020Revenue 2021: $389,233Expenses 2021: $354,411Net Income 2021: $34,8222021Revenue 2022: $346,021Expenses 2022: $381,158Net Income 2022: -$35,1372022Revenue 2023: $386,265Expenses 2023: $430,238Net Income 2023: -$43,9732023Revenue 2024: $395,751Expenses 2024: $434,651Net Income 2024: -$38,9002024

Highlighted filing

2014

Revenue$378,456
Expenses$412,793
Net Income-$34,337
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$378,456
Mission and Program Overview

Mission

Foster Growth in the Community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$87,766$0▼ $87,766
Cash and Non-Interest-Bearing Accounts-$52,544-
Accounts Receivable$14,150$20,259▲ $6,109
Land, Buildings, and Equipment, Net$10,645$5,880▼ $4,765
Pledges and Grants Receivable$21,596$5,417▼ $16,179
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$134,159$84,101▼ $50,058
Other Assets Total$2$1▼ $1
Liabilities
Unsecured Notes Loans Payable$5,078--
Accounts Payable and Accrued Expenses$13,076$3,278▼ $9,798
Other Liabilities$845--
Total Liabilities$18,999$3,278▼ $15,721
Net Assets / Fund Balance
Unrestricted Net Assets$115,160$80,823▼ $34,337
Total Net Assets Fund Balance$115,160$80,823▼ $34,337
Total Liabilities and Net Assets / Fund Balance$134,159$84,101▼ $50,058

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,835$48,540$53,375
Equipment$1,045$18,352$19,397
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward SpragueExecutive DirectorFT$101,145$101,145
Scot WalstraVice PresidentFT$61,800$61,800

Board Members and Trustees

NameTitle
See AttachmentDirectors
Revenue and Support

Revenue Composition

Contributions and Grants
$337,701
Program Service Revenue
$31,636
Investment Income
$115
Other Revenue
$9,004
Change in Net Assets
$-34,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$284,885
Other Expenses$127,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$132,045$30,900-$162,945
Other Salaries and Wages$37,705--$37,705
Other Employee Benefits$27,203$5,278-$32,481
Pension Plan Contributions$19,255$9,960-$29,215
All Other Expenses$6,405$21,195-$27,600
Payment Travel Entrtnmnt Publicly Ofcl$4,076$23,282-$27,358
Payroll Taxes$20,357$2,182-$22,539
Fees for Services Management-$18,965-$18,965
Other Expenses$5,638$454-$6,092
Depreciation Depletion-$4,765-$4,765
Insurance-$3,844-$3,844
Fees for Services Accounting-$2,600-$2,600
Office Expenses$20$2,229-$2,249
Advertising$500$1,740-$2,240
Interest-$231-$231
Total Functional Expenses$253,853$158,940$0$412,793
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
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
Yes
Annual disclosure for covered persons
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The Board is elected by a 50% +1 majority of the Board.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Decisions of the Board members are approved by the membership.

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

President and treasurer of the organization review and approve the 990 prior to submission.

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

The compensation of the President is determined by the Officers of the Board after review and comparable to similar sized organization.

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

Compensation for other employees is determined by the President after review and comparable to other similar sized organizations.

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

Financial statements available to members upon request. Financial reports are presented to governing board at regular meetings.

Filing and Contact Details

Filer

Filer Name
Cowlitz Economic Development Council
EIN
91-1154753
Phone
3604239921
Address
P O Box 1278, Longview, WA 98632

Signing Officer

Name
Edward Sprague
Title
President
Signed
2015-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Wa
Voting Board Members
43
Independent Board Members
43
Employees
6

Preparer

Firm
DeFrancisco Lampitt & Brado PS
Address
1424 14th Ave, Longview, WA 98632
Preparer
James E Lampitt CPA
Phone
3604234520
Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Create jobs and manage growth in the community by recruiting new employers to the area, working with existing employers and overall business development. The CEDC continues to work on a variety of projects and programs involving the public and private sector. During 2014, the CEDC facilitated a county wide Port Report featuring the 3 Executive Directors of our Ports, held Lean Traninings for over five companies, facilitated the opening of a $12 million Regal Cinema in Kelso, welcomed BP Pole to the Mint Farm in Longview and assisted in the expansion of 5 local companies bringing in over 120 new jobs and new tax base to Cowlitz County.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01045
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018352
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019397
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04835
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt048540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053375
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05880
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board is elected by a 50% +1 majority of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Decisions of the Board members are approved by the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2President and treasurer of the organization review and approve the 990 prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation of the President is determined by the Officers of the Board after review and comparable to similar sized organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation for other employees is determined by the President after review and comparable to other similar sized organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial statements available to members upon request. Financial reports are presented to governing board at regular meetings.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0134159
IRS990/TotalAssetsEOYAmt084101
IRS990/TotalAssetsGrp/BOYAmt0134159
IRS990/TotalAssetsGrp/EOYAmt084101
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0337701
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0158940
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0253853
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412793
IRS990/TotalGrossUBIAmt09004
IRS990/TotalLiabilitiesBOYAmt018999
IRS990/TotalLiabilitiesEOYAmt03278
IRS990/TotalLiabilitiesGrp/BOYAmt018999
IRS990/TotalLiabilitiesGrp/EOYAmt03278
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0115160
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt080823
IRS990/TotalProgramServiceExpensesAmt0253853
IRS990/TotalProgramServiceRevenueAmt031636
IRS990/TotalReportableCompFromOrgAmt0162945
IRS990/TotalRevenueGrp/ExclusionAmt0115
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031636
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0378456
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09004
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0134159
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt084101
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0115160
IRS990/UnrestrictedNetAssetsGrp/EOYAmt080823
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt05078
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt043
IRS990/VotingMembersIndependentCnt043
IRS990/WebsiteAddressTxt0www.cowlitzedc.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Edward Sprague
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cowlitz Economic Development Council
ReturnHeader/Filer/BusinessNameControlTxt0COWL
ReturnHeader/Filer/EIN0911154753
ReturnHeader/Filer/PhoneNum03604239921
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 1278
ReturnHeader/Filer/USAddress/CityNm0Longview
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098632
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DeFrancisco Lampitt & Brado PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01424 14th Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Longview
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098632
ReturnHeader/PreparerPersonGrp/PhoneNum03604234520
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James E Lampitt CPA
ReturnHeader/ReturnTs02015-11-05T14:30:24-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.98$0.04$0.94$3.96$4.35$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.04$1.33$3.86$4.30$0.44
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.05$1.77$3.46$3.81$0.35
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.03$2.12$3.89$3.54$0.35
2020Detailed filing. Detailed filing data is available for this year.$1.81$0.03$1.77$4.58$3.21$1.37
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$3.73$3.59$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.26$3.55$3.87$0.33
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.04$0.59$3.62$3.35$0.27
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.03$0.32$2.97$3.15$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.51$3.27$3.58$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.03$0.81$3.78$4.13$0.34
2013Detailed filing. Detailed filing data is available for this year.$1.34$0.19$1.15$3.50$3.81$0.30
2012Summary only. Only limited summary data is available for this year.$1.48$0.03$1.45$3.93$4.27$0.34
2011Summary only. Only limited summary data is available for this year.$1.79$0.00$1.79$2.85$2.93$0.08