Civic Intelligence

Island County Economic Development Council

990 • Fiscal year 2014 • EIN 91-1300296

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 19, 2015

PO Box 279Coupeville, WA 98239

(360) 678-6889

Siviq Scores

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

Liabilities / Assets

59th percentile

0.02x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.01x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

44th percentile

0.8%

Higher net margin than 44% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

48th percentile

2.0%

Faster asset growth than 48% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

82nd percentile

25%

Faster revenue growth than 82% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$84,488

Up $1,649 (+2.0%) from 2013

Net Assets

Up

$82,814

Up $1,604 (+2.0%) from 2013

Liabilities

Up

$1,674

Up $45 (+2.8%) from 2013

Revenue

Up

$203,469

Up $40,137 (+25%) from 2013

Expenses

Up

$201,865

Up $29,556 (+17%) from 2013

Net Income

Up

$1,604

Up $10,581 (+118%) 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 2010: $38,881Liabilities 2010: $2,090Net Assets 2010: $36,7912010Assets 2011: $71,919Liabilities 2011: $1,398Net Assets 2011: $70,5212011Assets 2012: $94,165Liabilities 2012: $1,276Net Assets 2012: $92,8892012Assets 2013: $82,839Liabilities 2013: $1,629Net Assets 2013: $81,2102013Assets 2014: $84,488Liabilities 2014: $1,674Net Assets 2014: $82,8142014Assets 2015: $108,487Liabilities 2015: $3,401Net Assets 2015: $105,0862015Assets 2016: $107,715Liabilities 2016: $4,880Net Assets 2016: $102,8352016Assets 2017: $114,271Liabilities 2017: $2,563Net Assets 2017: $111,7082017Assets 2018: $103,163Liabilities 2018: $170Net Assets 2018: $102,9932018Assets 2019: $148,814Liabilities 2019: $2,684Net Assets 2019: $146,1302019Assets 2020: $239,631Liabilities 2020: $47,395Net Assets 2020: $192,2362020Assets 2021: $213,170Liabilities 2021: $2,479Net Assets 2021: $210,6912021Assets 2022: $223,149Liabilities 2022: $19,682Net Assets 2022: $203,4672022Assets 2023: $262,329Liabilities 2023: $17,415Net Assets 2023: $244,9142023Assets 2024: $150,150Liabilities 2024: $3,539Net Assets 2024: $146,6112024

Highlighted filing

2014

Assets$84,488
Liabilities$1,674
Net Assets$82,814

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $186,5682010Expenses 2011: $121,3852011Revenue 2012: $149,960Expenses 2012: $127,592Net Income 2012: $22,3682012Revenue 2013: $163,332Expenses 2013: $172,309Net Income 2013: -$8,9772013Revenue 2014: $203,469Expenses 2014: $201,865Net Income 2014: $1,6042014Revenue 2015: $169,610Expenses 2015: $147,338Net Income 2015: $22,2722015Revenue 2016: $147,058Expenses 2016: $149,309Net Income 2016: -$2,2512016Revenue 2017: $145,938Expenses 2017: $137,065Net Income 2017: $8,8732017Revenue 2018: $150,211Expenses 2018: $158,926Net Income 2018: -$8,7152018Revenue 2019: $226,818Expenses 2019: $183,681Net Income 2019: $43,1372019Revenue 2020: $253,102Expenses 2020: $206,995Net Income 2020: $46,1072020Revenue 2021: $340,119Expenses 2021: $321,664Net Income 2021: $18,4552021Revenue 2022: $240,395Expenses 2022: $247,620Net Income 2022: -$7,2252022Revenue 2023: $1,491,876Expenses 2023: $1,450,429Net Income 2023: $41,4472023Revenue 2024: $242,268Expenses 2024: $335,378Net Income 2024: -$93,1102024

Highlighted filing

2014

Revenue$203,469
Expenses$201,865
Net Income$1,604
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 19, 2015
Return Version
2014v5.0
Gross Receipts
$203,469
Mission and Program Overview

Mission

The economic development council received 1075 requests from clinets for support

Develop the economy of island county, washington.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$80,673$83,469▲ $2,796
Land, Buildings, and Equipment, Net$2,103$853▼ $1,250
Cash and Non-Interest-Bearing Accounts$63$166▲ $103
Total Assets$82,839$84,488▲ $1,649
Liabilities
Other Liabilities$1,629$1,674▲ $45
Total Liabilities$1,629$1,674▲ $45
Net Assets / Fund Balance
Unrestricted Net Assets$74,588$76,192▲ $1,604
Temporarily Rstr Net Assets$6,622$6,622→ $0
Total Net Assets Fund Balance$81,210$82,814▲ $1,604
Total Liabilities and Net Assets / Fund Balance$82,839$84,488▲ $1,649

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$853$14,099$14,952
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$200,896
Program Service Revenue
$1,369
Investment Income
$1
Other Revenue
$1,203
Change in Net Assets
$1,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,938
Salaries, Compensation, and Employee Benefits$93,427
Grants and Similar Amounts Paid$9,500
Total Fundraising Expense$2,237
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,887$4,671$1,869$93,427
Fees for Services Other$48,224$181$72$48,477
Office Expenses$12,628$4,897$57$17,582
Occupancy$14,515$68$27$14,610
Grants to Domestic Orgs$9,500--$9,500
Travel$5,623$302$121$6,046
Insurance$1,501$81$32$1,614
Fees for Services Accounting$1,417$76$30$1,523
Depreciation Depletion$1,397$75$28$1,500
Fees for Services Legal-$738-$738
Conferences and Meetings-$608-$608
Other Expenses$35$2$1$38
Total Functional Expenses$187,929$11,699$2,237$201,865
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Island County Economic DevelopmentCoupeville, WA501c3-$9,500
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,674
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Page 6, Part VI, Line 2

John mishasek meg mishasek family family

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the signing official and executive director with the assistance of the preparer.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Island County Economic Development
EIN
91-1300296
Phone
3606786889
Address
PO BOX 279, COUPEVILLE, WA 98239

Signing Officer

Name
Wayne Morrison
Title
President
Phone
3606786889
Signed
2015-02-19
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
24
Independent Board Members
24
Employees
3

Preparer

Firm
Mary J Hollen CPA
Address
PO BOX 1198, COUPEVILLE, WA 98239-9747
Preparer
Mary Hollen
Phone
3606784400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

- 1,027 support requests satisfied - 90 unique meetings with existing businesses - 118 community asset building outreach actions

Form 990, Part IX, Line 11G

Bookeeping 3,366 181 72 fairgrounds economic use plan 44,858 0 0

Raw XML AppendixShowing 400 of 467 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/OtherRevenueMiscGrp/Desc0ANNUAL MEETING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01203
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01203
IRS990/OtherRevenueTotalAmt01203
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01869
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04671
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086887
IRS990/OtherSalariesAndWagesGrp/TotalAmt093427
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EXPLORE WHIDBEY BIZ EXPO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01369
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01369
IRS990/ProgSrvcAccomActy3Grp/Desc0CAMANO ISLAND OUTREACH PROGRAM SERVED GEOLOGRAPHICALLY REMOTE AREA WITHIN ISLAND COUNTY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07952
IRS990/ProgSrvcAccomActyOtherGrp/Desc0- 1,027 SUPPORT REQUESTS SATISFIED - 90 UNIQUE MEETINGS WITH EXISTING BUSINESSES - 118 COMMUNITY ASSET BUILDING OUTREACH ACTIONS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0135119
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt09500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0142978
IRS990/PYInvestmentIncomeAmt011
IRS990/PYOtherExpensesAmt080255
IRS990/PYOtherRevenueAmt0929
IRS990/PYProgramServiceRevenueAmt019414
IRS990/PYRevenuesLessExpensesAmt0-8977
IRS990/PYSalariesCompEmpBnftPaidAmt092054
IRS990/PYTotalExpensesAmt0172309
IRS990/PYTotalRevenueAmt0163332
IRS990/ReconcilationRevenueExpnssAmt01604
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt080673
IRS990/SavingsAndTempCashInvstGrp/EOYAmt083469
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0853
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014099
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014952
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01674
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0853
IRS990ScheduleD/TotalLiabilityAmt01674
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt09500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ISLAND COUNTY ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0471400140
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 279
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COUPEVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd098239
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR REPORT TO BOARD OF DIRECTORS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0- 1,027 SUPPORT REQUESTS SATISFIED - 90 UNIQUE MEETINGS WITH EXISTING BUSINESSES - 118 COMMUNITY ASSET BUILDING OUTREACH ACTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOHN MISHASEK MEG MISHASEK FAMILY FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE SIGNING OFFICIAL AND EXECUTIVE DIRECTOR WITH THE ASSISTANCE OF THE PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOKEEPING 3,366 181 72 FAIRGROUNDS ECONOMIC USE PLAN 44,858 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ISLAND COUNTY ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0471400140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 279
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0COUPEVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COUPEVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd098239
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1400
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0NOMINAL CASH CONTRIBUTED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1EXPENSE PAID FOR ORG
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ISLAND COUNTY ECONOMIC DEVELOPMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1ISLAND COUNTY ECONOMIC DEVELOPMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt1FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt06622
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt06622
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt082839
IRS990/TotalAssetsEOYAmt084488
IRS990/TotalAssetsGrp/BOYAmt082839

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.$0.15$0.00$0.15$0.24$0.34$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.24$1.49$1.45$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.02$0.20$0.24$0.25$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.34$0.32$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.05$0.19$0.25$0.21$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.23$0.18$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.15$0.16$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.15$0.14$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.10$0.15$0.15$0.00
2015Summary only. Only limited summary data is available for this year.$0.11$0.00$0.11$0.17$0.15$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.20$0.20$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.16$0.17$0.01
2012Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$0.15$0.13$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.19
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)6 • <$500k nonprofits