Civic Intelligence

Skamania Economic Development Council

EIN 91-1302610 • 501(c)3 • Stevenson, WA

Profile

Skamania economic development council's mission is to promote economic growth and retention in skamania county.

PO Box 436Stevenson, WA 98648

www.skamania-edc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.77x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

4.00x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$95,864

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

52nd percentile

4.3%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,094,900

Up $128,145 (+4.3%) from 2023

Liabilities

Up

$2,376,307

Up $66,701 (+2.9%) from 2023

Net Assets

Up

$718,593

Up $61,444 (+9.4%) from 2023

Revenue

Up

$593,603

Up $63,171 (+12%) from 2023

Expenses

Up

$532,159

Up $42,734 (+8.7%) from 2023

Net Income

Up

$61,444

Up $20,437 (+50%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,534,293Liabilities 2010: $9,953Net Assets 2010: $2,524,3402010Assets 2011: $2,547,730Liabilities 2011: $1,428Net Assets 2011: $2,546,3022011Assets 2012: $2,606,863Liabilities 2012: $2,054Net Assets 2012: $2,604,8092012Assets 2013: $2,681,451Liabilities 2013: $10,719Net Assets 2013: $2,670,7322013Assets 2014: $2,781,679Liabilities 2014: $467Net Assets 2014: $2,781,2122014Assets 2015: $2,830,719Liabilities 2015: $6,426Net Assets 2015: $2,824,2932015Assets 2016: $2,890,578Liabilities 2016: $2,383,467Net Assets 2016: $507,1112016Assets 2017: $2,857,482Liabilities 2017: $2,312,084Net Assets 2017: $545,3982017Assets 2018: $2,884,659Liabilities 2018: $2,317,496Net Assets 2018: $567,1632018Assets 2019: $2,839,299Liabilities 2019: $2,286,929Net Assets 2019: $552,3702019Assets 2020: $2,924,573Liabilities 2020: $2,266,745Net Assets 2020: $657,8282020Assets 2021: $3,110,000Liabilities 2021: $2,434,010Net Assets 2021: $675,9902021Assets 2022: $2,925,966Liabilities 2022: $2,309,824Net Assets 2022: $616,1422022Assets 2023: $2,966,755Liabilities 2023: $2,309,606Net Assets 2023: $657,1492023Assets 2024: $3,094,900Liabilities 2024: $2,376,307Net Assets 2024: $718,5932024

Highlighted filing

2024

Assets$3,094,900
Liabilities$2,376,307
Net Assets$718,593

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $258,2262010Expenses 2011: $223,0592011Expenses 2012: $196,3522012Revenue 2013: $254,335Expenses 2013: $188,412Net Income 2013: $65,9232013Revenue 2014: $349,197Expenses 2014: $238,717Net Income 2014: $110,4802014Revenue 2015: $242,078Expenses 2015: $198,997Net Income 2015: $43,0812015Revenue 2016: $256,873Expenses 2016: $211,251Net Income 2016: $45,6222016Revenue 2017: $263,853Expenses 2017: $225,566Net Income 2017: $38,2872017Revenue 2018: $319,768Expenses 2018: $298,003Net Income 2018: $21,7652018Revenue 2019: $327,576Expenses 2019: $342,369Net Income 2019: -$14,7932019Revenue 2020: $799,077Expenses 2020: $693,619Net Income 2020: $105,4582020Revenue 2021: $566,841Expenses 2021: $540,907Net Income 2021: $25,9342021Revenue 2022: $396,957Expenses 2022: $462,437Net Income 2022: -$65,4802022Revenue 2023: $530,432Expenses 2023: $489,425Net Income 2023: $41,0072023Revenue 2024: $593,603Expenses 2024: $532,159Net Income 2024: $61,4442024

Highlighted filing

2024

Revenue$593,603
Expenses$532,159
Net Income$61,444

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$2.38$0.72$0.59$0.53$0.06
2023Summary only. Only limited summary data is available for this year.$2.97$2.31$0.66$0.53$0.49$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$2.31$0.62$0.40$0.46$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$2.43$0.68$0.57$0.54$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$2.27$0.66$0.80$0.69$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$2.29$0.55$0.33$0.34$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$2.32$0.57$0.32$0.30$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$2.31$0.55$0.26$0.23$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$2.38$0.51$0.26$0.21$0.05
2015Summary only. Only limited summary data is available for this year.$2.83$0.01$2.82$0.24$0.20$0.04
2014Summary only. Only limited summary data is available for this year.$2.78$0.00$2.78$0.35$0.24$0.11
2013Summary only. Only limited summary data is available for this year.$2.68$0.01$2.67$0.25$0.19$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$0.00$2.60$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.00$2.55$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.01$2.52$0.26
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$890,751
Mission and Program Overview

Mission

Skamania county economic development council's mission is to promote economic growth and retention in skamania county.

Skamania economic development council's mission is to promote economic growth and retention in skamania county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,095,419$1,781,368▼ $314,051
Savings and Temporary Cash Investments$422,701$940,789▲ $518,088
Investments in Publicly Traded Securities$280,336$0▼ $280,336
Cash and Non-Interest-Bearing Accounts$266,646$166,495▼ $100,151
Accounts Receivable$19,661$19,650▼ $11
Land, Buildings, and Equipment, Net$13,190$7,933▼ $5,257
Total Assets$3,110,000$2,925,966▼ $184,034
Other Assets Total$12,047$9,731▼ $2,316
Liabilities
Other Liabilities$2,274,380$2,285,969▲ $11,589
Grants Payable$135,000$0▼ $135,000
Accounts Payable and Accrued Expenses$24,630$23,855▼ $775
Total Liabilities$2,434,010$2,309,824▼ $124,186
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$675,990$616,142▼ $59,848
Total Net Assets Fund Balance$675,990$616,142▼ $59,848
Total Liabilities and Net Assets / Fund Balance$3,110,000$2,925,966▼ $184,034

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,933$16,092$24,025
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin WatersExecutive DirectorFT$70,324$4,310$74,634

Board Members and Trustees

NameTitle
John GoodmanPresident-chair
Janet SmithVice President-chair
Ben ShumakerDirector
Deanna SyronDirector
Diana RamosDirector
Jolene EmersonDirector
Kelsey PhillipsDirector
Kim SalvesonDirector
Open PositionDirector
Tom LannenDirector
US Forest ServiceEx-officio
Ray BroughtonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$349,084
Program Service Revenue
$102,339
Investment Income
$-54,516
Other Revenue
$50
Change in Net Assets
$-65,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$395,523
Revenue Not Reported on Financial Statements
$1,434
Revenue Not Reported on Form 990
$5,632
Total Revenue per Audited Statements
$401,155
Total Revenue per Form 990
$396,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$254,098
Other Expenses$201,839
Grants and Similar Amounts Paid$6,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,833$32,568-$125,401
Fees for Services Other-$109,432-$109,432
Current Officers, Directors, Trustees, and Key Employees-$74,634-$74,634
Other Employee Benefits$14,656$16,244-$30,900
Fees for Services Accounting-$20,815-$20,815
Payroll Taxes$7,657$8,486-$16,143
Conferences and Meetings-$12,873-$12,873
Travel-$12,458-$12,458
Advertising-$7,592-$7,592
Pension Plan Contributions$5,374$1,646-$7,020
Depreciation Depletion-$5,631-$5,631
Fees for Services Legal-$5,032-$5,032
Grants to Domestic Individuals$5,000--$5,000
Office Expenses-$2,692-$2,692
Insurance-$1,618-$1,618
Grants to Domestic Orgs$1,500--$1,500
Fees for Service Investment Mgmnt Fees-$1,434-$1,434
Occupancy$1,354--$1,354
All Other Expenses$64$160-$224
Other Expenses$215$2,002-$215
Total Functional Expenses$147,120$315,317$0$462,437

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$462,437
Expenses per Audited Statements$461,003
Total Expenses per Audited Statements$461,003
Expenses Not Reported on Financial Statements$1,434
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Wa State Investment Fund Liability$2,285,969
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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, Section A, Line 6

Membership in the council shall include any individual, association, partnership, corporation or public agency, which desires to affiliate with the council.

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

Each member in good standing shall be entitled to one vote on each matter submitted to a vote of the members.

Form 990, Part VI, Section B, Line 11B

The return for the organization is reviewed by the board of directors prior to signing and submitting.

Form 990, Part VI, Section B, Line 12C

Board members follow the conflict of interest section of the agency's bylaws and no board member is allowed to profit from activities undertaken by the board. The edc seeks legal council whenever there is a question regarding the policy. Board members sign the annual statements to document compliance with the policy.

Form 990, Part VI, Section B, Line 15

There is an employee evaluation conducted by the supervisor of each employee on an annual basis and the evaluation is filed in the personnel file of each employee. The executive diretor's compensation is approved by the board of executive committee. There is an employee evaluation conducted by the supervisor of each employee on an annual basis and the evaluation is filed in the personnel file of each employee. Compensation is approved by the board or compensation committee.

Form 990, Part VI, Section C, Line 19

Documents are available upon request at the council's office.

Filing and Contact Details

Filer

Filer Name
Skamania Economic Development
EIN
91-1302610
Phone
5094275110
Address
PO BOX 436, STEVENSON, WA 98648

Signing Officer

Name
Kevin Waters
Title
Executive Director
Phone
5094275110
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Waters
Formed
1985
Legal Domicile
Wa
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
11

Preparer

Firm
Opsahl Dawson & Company Advisors LLC
Address
7701 NE GREENWOOD DRIVE SUITE 200, VANCOUVER, WA 98662
Preparer
Timothy C Schiller CPA
Phone
3607378007
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A - First Accomplishment

Skamania economic development council contracts with skamania county, washington state, city of stevenson, skamania pud, city of north bonneville and port of skamania to provide various economic development efforts. Succesful grant and loan assistance - the edc assisted with various agencies in obtaining funding for the city of stevenson, the skamania pud. Priority project funding needs for current and local projects are maintained by the edc staff and approved quarterly through the county commissioners by resolution. Regional accomplishments - the edc works in coordination with our regional economic development association, mcedd. Mcedd and the edc work together on regional planning and messaging. Mcedd and the edc work together to ensure that both are supported in their local developments. Local accomplishments - the edc worked to create a local broadband bat team and is working to obtain broadband funding for our rural county. The edc also works in coordination with the stevenson downtown association. The two entities work to award local grants to downtown businesses. The edc attends and participates as a board member on the stevenson downtown association, the city of stevenson dreaming committee, the stevenson/carson school foundation, the rtc quarterly meetings, the skamania county government affairs committee.

Form 990, Part IX, Line 11G

Payroll & retirement fees: program service expenses 0. Management and general expenses 2,546. Fundraising expenses 0. Total expenses 2,546. Professional service: other : program service expenses 0. Management and general expenses 8,286. Fundraising expenses 0. Total expenses 8,286. Sbdc representative: program service expenses 0. Management and general expenses 23,600. Fundraising expenses 0. Total expenses 23,600. Cfm advocates: program service expenses 0. Management and general expenses 75,000. Fundraising expenses 0. Total expenses 75,000.

Form 990, Part XII, Line 2C

The organization has a committee that assumes responsibility for oversight of the audit and its financial statements and selection of an independent accountant. The oversight and selection process has not changed during the tax year.

Raw XML AppendixShowing 400 of 510 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/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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