Civic Intelligence

Economic Development Council of Seattle & King County

990 • Fiscal year 2015 • EIN 91-1267597

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 11, 2016

1301 5th Avenue No 1500Seattle, WA 98101

(206) 389-8657

Siviq Scores

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

Liabilities / Assets

80th percentile

0.44x

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

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

0.09x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Net Margin

54th percentile

8.7%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$119,330

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

95th percentile

59%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

44%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$376,844

Up $140,410 (+59%) from 2014

Net Assets

Up

$211,314

Up $157,704 (+294%) from 2014

Liabilities

Down

$165,530

Down $17,294 (-9.5%) from 2014

Revenue

Up

$1,806,915

Up $548,448 (+44%) from 2014

Expenses

Up

$1,649,211

Up $453,920 (+38%) from 2014

Net Income

Up

$157,704

Up $94,528 (+150%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2010: $617,849Liabilities 2010: $141,688Net Assets 2010: $476,1612010Assets 2011: $334,651Liabilities 2011: $150,771Net Assets 2011: $183,8802011Assets 2012: $224,027Liabilities 2012: $169,250Net Assets 2012: $54,7772012Assets 2013: $213,637Liabilities 2013: $223,203Net Assets 2013: -$9,5662013Assets 2014: $236,434Liabilities 2014: $182,824Net Assets 2014: $53,6102014Assets 2015: $376,844Liabilities 2015: $165,530Net Assets 2015: $211,3142015Assets 2016: $403,639Liabilities 2016: $172,551Net Assets 2016: $231,0882016Assets 2017: $549,387Liabilities 2017: $197,931Net Assets 2017: $351,4562017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$376,844
Liabilities$165,530
Net Assets$211,314

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,494,7422010Expenses 2011: $1,436,5572011Expenses 2012: $1,729,4842012Revenue 2013: $1,667,399Expenses 2013: $1,930,199Net Income 2013: -$262,8002013Revenue 2014: $1,258,467Expenses 2014: $1,195,291Net Income 2014: $63,1762014Revenue 2015: $1,806,915Expenses 2015: $1,649,211Net Income 2015: $157,7042015Revenue 2016: $1,260,810Expenses 2016: $1,241,036Net Income 2016: $19,7742016Revenue 2017: $1,280,259Expenses 2017: $1,159,891Net Income 2017: $120,3682017Revenue 2018: $727,774Expenses 2018: $1,079,230Net Income 2018: -$351,4562018

Highlighted filing

2015

Revenue$1,806,915
Expenses$1,649,211
Net Income$157,704
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$1,806,915
Mission and Program Overview

Mission

To enhance economic vitality, employment opportunities and quality of life throughout seattle and king county.

To enhance economic vitality, employment opportunities & quality of life in seattle & king county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$205,639$232,580▲ $26,941
Accounts Receivable$21,514$127,050▲ $105,536
Prepaid Expenses and Deferred Charges$5,490$10,942▲ $5,452
Pledges and Grants Receivable-$5,000-
Land, Buildings, and Equipment, Net$3,791$1,272▼ $2,519
Total Assets$236,434$376,844▲ $140,410
Liabilities
Accounts Payable and Accrued Expenses$98,049$92,019▼ $6,030
Deferred Revenue$84,775$73,511▼ $11,264
Total Liabilities$182,824$165,530▼ $17,294
Net Assets / Fund Balance
Unrestricted Net Assets$53,610$211,314▲ $157,704
Total Net Assets Fund Balance$53,610$211,314▲ $157,704
Total Liabilities and Net Assets / Fund Balance$236,434$376,844▲ $140,410

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,272$37,784$39,056
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suzanne Dale EsteyPresident & CEOFT$110,396$8,934$119,330
Steve GerritsonVice PresidentFT$103,889$13,451$117,340

Board Members and Trustees

NameTitle
Terry DanyshChair
David AllenImmediate Past Chair
Will EinsteinVice Chair
Allan Van NessDirector
Andrew MagillDirector
Anson FatlandDirector
Aric ManionDirector
Armondo PavoneDirector
Bart PhillipsDirector
Bill PoppyDirector
Bob AylwardDirector
Brian StadingDirector
Cary BadgerDirector
Cathi HatchDirector
Chris MeffordDirector
Conrad LeeDirector
Danielle BurdDirector
Dave CarsonDirector
Dave McfaddenDirector
Deanna DawsonDirector
Dow ConstantineDirector
Ed MurrayDirector
Eileen SullivanDirector
Eric PettigrewDirector
Erik StromDirector
Irene PlenefischDirector
Jan BeckDirector
Jane HagueDirector
Jeanne BurbidgeDirector
Jeff CroweDirector
Jeff LyonDirector
Jill WakefieldDirector
John HolmanDirector
John NorawongDirector
John NowojDirector
John OkamotoDirector
Jon ScholesDirector
Kevin WallaceDirector
Kristen JensenDirector
Layne BarnesDirector
Linette DemersDirector
Marc BergerDirector
Matt LarsonDirector
Maud DaudonDirector
Megan OueletteDirector
Michael PearceDirector
Michael SchutzlerDirector
Mike TibbitsDirector
Nicole GrantDirector
Patrick BannonDirector
Penny SweetDirector
Randy HodginsDirector
Rob SmithDirector
Shelley Easter GillDirector
Suzette CookeDirector
Tayloe WashburnDirector
Timothy HowellDirector
Tom AlbroDirector
Marlena SessionsSecretary
Hon Nancy BackusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$924,737
Program Service Revenue
$882,178
Investment Income
$0
Other Revenue
$0
All Other Contributions
$347,118
Change in Net Assets
$157,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,089,594
Salaries, Compensation, and Employee Benefits$559,617
Total Fundraising Expense$71,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$165,669$52,067$18,934$236,670
Other Salaries and Wages$158,960$49,959$18,167$227,086
Fees for Services Other$61,080$19,196$6,981$87,257
Occupancy$46,099$14,489$5,268$65,856
Information Technology$38,144$11,989$4,359$54,492
Other Expenses$49,560--$49,560
Other Employee Benefits$32,443$10,196$3,708$46,347
Office Expenses$30,374$9,546$3,471$43,391
Payroll Taxes$25,784$8,103$2,947$36,834
Conferences and Meetings$22,298$7,008$2,548$31,854
Travel$13,344$4,194$1,525$19,063
Advertising$13,292$4,177$1,519$18,988
Pension Plan Contributions$8,876$2,790$1,014$12,680
Fees for Services Accounting$5,666$1,780$648$8,094
Depreciation Depletion$1,763$554$202$2,519
Insurance$1,242$390$142$1,774
Total Functional Expenses$1,381,340$196,438$71,433$1,649,211
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Section A, Line 6

Economic development council of seattle & king county is a membership organization in which members elect the board of directors.

Form 990, Part VI, Section A, Line 7A

Economic development council of seattle & king county is a membership organization in which members elect the board of directors.

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an independent cpa firm and then reviewed and approved by management before it is filed.

Form 990, Part VI, Section B, Line 15A

Ceo compensation is determined using comparability data and is regularly reviewed and approved by the compensation committee of the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Economic Development Council
EIN
91-1267597
Phone
2063898657
Address
1301 5TH AVENUE NO 1500, SEATTLE, WA 98101

Signing Officer

Name
Suzanne Dale Estey
Title
President & CEO
Phone
2063898657
Signed
2016-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Dale Estey
Formed
1984
Legal Domicile
Wa
Voting Board Members
60
Independent Board Members
60
Employees
0
Volunteers
60

Preparer

Firm
The Myers Associates Pc
Address
520 PIKE ST STE 1040, SEATTLE, WA 98101-2397
Preparer
Mark T Long CPA
Phone
2066236116
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 5

The staff of economic development council of seattle & king county receive their annual form w-2 from the seattle metropolitan chamber of commerce. Economic development council of seattle & king county reimburses the cost of its personnel, including compensation, payroll taxes and employee benefits, to the seattle chamber at cost.

Form 990, Part I, Line L

Edc formed in 1971 and incorporated in 1984.

FORM 990, PART XII, LINE 2C:

Management oversees the annual review and forwards a final copy to the board of directors when complete.

Raw XML AppendixShowing 400 of 772 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/Form990PartVIISectionAGrp/PersonNm4MARLENA SESSIONS
IRS990/Form990PartVIISectionAGrp/PersonNm5TOM ALBRO
IRS990/Form990PartVIISectionAGrp/PersonNm6BOB AYLWARD
IRS990/Form990PartVIISectionAGrp/PersonNm7CARY BADGER
IRS990/Form990PartVIISectionAGrp/PersonNm8PATRICK BANNON
IRS990/Form990PartVIISectionAGrp/PersonNm9LAYNE BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm10JAN BECK
IRS990/Form990PartVIISectionAGrp/PersonNm11MARC BERGER
IRS990/Form990PartVIISectionAGrp/PersonNm12JEANNE BURBIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm13DANIELLE BURD
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVE CARSON
IRS990/Form990PartVIISectionAGrp/PersonNm15DOW CONSTANTINE
IRS990/Form990PartVIISectionAGrp/PersonNm16SUZETTE COOKE
IRS990/Form990PartVIISectionAGrp/PersonNm17JEFF CROWE
IRS990/Form990PartVIISectionAGrp/PersonNm18MAUD DAUDON
IRS990/Form990PartVIISectionAGrp/PersonNm19DEANNA DAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm20LINETTE DEMERS
IRS990/Form990PartVIISectionAGrp/PersonNm21ANSON FATLAND
IRS990/Form990PartVIISectionAGrp/PersonNm22SHELLEY EASTER GILL
IRS990/Form990PartVIISectionAGrp/PersonNm23NICOLE GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm24JANE HAGUE
IRS990/Form990PartVIISectionAGrp/PersonNm25CATHI HATCH
IRS990/Form990PartVIISectionAGrp/PersonNm26RANDY HODGINS
IRS990/Form990PartVIISectionAGrp/PersonNm27JOHN HOLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm28TIMOTHY HOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm29KRISTEN JENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm30MATT LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm31CONRAD LEE
IRS990/Form990PartVIISectionAGrp/PersonNm32JEFF LYON
IRS990/Form990PartVIISectionAGrp/PersonNm33ANDREW MAGILL
IRS990/Form990PartVIISectionAGrp/PersonNm34ARIC MANION
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IRS990/Form990PartVIISectionAGrp/PersonNm42ARMONDO PAVONE
IRS990/Form990PartVIISectionAGrp/PersonNm43MICHAEL PEARCE
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IRS990/Form990PartVIISectionAGrp/PersonNm51BRIAN STADING
IRS990/Form990PartVIISectionAGrp/PersonNm52ERIK STROM
IRS990/Form990PartVIISectionAGrp/PersonNm53EILEEN SULLIVAN
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IRS990/Form990PartVIISectionAGrp/PersonNm58KEVIN WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm59TAYLOE WASHBURN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt460
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt510
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt520
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt540
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt550

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