Civic Intelligence

Thurston Economic Development Council Center for Business & Inno

990 • Fiscal year 2019 • EIN 91-1561600

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.THURSTONEDC.COM
4220 6th Ave SELacey, WA 98503

(360) 464-6037

Siviq Scores

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

Liabilities / Assets

87th percentile

0.56x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.13x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

26th percentile

-6.0%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$164,683

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 30.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

6th percentile

-33%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-11%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$124,757

Down $60,478 (-33%) from 2018

Net Assets

Down

$54,368

Down $32,548 (-37%) from 2018

Liabilities

Down

$70,389

Down $27,930 (-28%) from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin26th percentile

Revenue

Down

$542,887

Down $69,444 (-11%) from 2018

Expenses

Up

$575,435

Up $12,020 (+2.1%) from 2018

Net Income

Down

-$32,548

Down $81,464 (-167%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$800K$600K$400K$200K$0Assets 2010: $113,472Liabilities 2010: $62,202Net Assets 2010: $51,2702010Assets 2011: $499,988Liabilities 2011: $446,329Net Assets 2011: $53,6592011Assets 2012: $389,003Liabilities 2012: $357,691Net Assets 2012: $31,3122012Assets 2013: $380,411Liabilities 2013: $370,918Net Assets 2013: $9,4932013Assets 2014: $288,071Liabilities 2014: $281,804Net Assets 2014: $6,2672014Assets 2015: $219,314Liabilities 2015: $186,440Net Assets 2015: $32,8742015Assets 2016: $137,052Liabilities 2016: $104,988Net Assets 2016: $32,0642016Assets 2017: $132,281Liabilities 2017: $82,862Net Assets 2017: $49,4192017Assets 2018: $185,235Liabilities 2018: $98,319Net Assets 2018: $86,9162018Assets 2019: $124,757Liabilities 2019: $70,389Net Assets 2019: $54,3682019Assets 2020: $773,294Liabilities 2020: $413,885Net Assets 2020: $359,4092020Assets 2021: $459,422Liabilities 2021: $317,827Net Assets 2021: $141,5952021Assets 2022: $630,642Liabilities 2022: $445,009Net Assets 2022: $185,6332022Assets 2023: $624,890Liabilities 2023: $541,829Net Assets 2023: $83,0612023Assets 2024: $470,467Liabilities 2024: $303,168Net Assets 2024: $167,2992024

Highlighted filing

2019

Assets$124,757
Liabilities$70,389
Net Assets$54,368
Open 2019 Filing

Operations Trend

Revenue Growth23rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $662,128Expenses 2010: $632,966Net Income 2010: $29,1622010Revenue 2011: $756,262Expenses 2011: $728,266Net Income 2011: $27,9962011Revenue 2012: $686,934Expenses 2012: $710,996Net Income 2012: -$24,0622012Revenue 2013: $1,361,905Expenses 2013: $1,372,764Net Income 2013: -$10,8592013Revenue 2014: $955,657Expenses 2014: $958,997Net Income 2014: -$3,3402014Revenue 2015: $784,804Expenses 2015: $758,197Net Income 2015: $26,6072015Revenue 2016: $698,372Expenses 2016: $699,182Net Income 2016: -$8102016Revenue 2017: $699,905Expenses 2017: $682,550Net Income 2017: $17,3552017Revenue 2018: $612,331Expenses 2018: $563,415Net Income 2018: $48,9162018Revenue 2019: $542,887Expenses 2019: $575,435Net Income 2019: -$32,5482019Revenue 2020: $2,124,126Expenses 2020: $1,819,085Net Income 2020: $305,0412020Revenue 2021: $988,794Expenses 2021: $1,206,608Net Income 2021: -$217,8142021Revenue 2022: $1,866,030Expenses 2022: $1,821,992Net Income 2022: $44,0382022Revenue 2023: $4,139,814Expenses 2023: $4,242,386Net Income 2023: -$102,5722023Revenue 2024: $3,156,135Expenses 2024: $3,071,897Net Income 2024: $84,2382024

Highlighted filing

2019

Revenue$542,887
Expenses$575,435
Net Income-$32,548
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$542,887
Mission and Program Overview

Mission

Provide services that develop the entrepreneurial network of thurston county and support the entire business life-cycle from planning, launching, growing, turn-around & exit planning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$137,947$76,960▼ $60,987
Cash and Non-Interest-Bearing Accounts$47,288$38,838▼ $8,450
Savings and Temporary Cash Investments-$8,959-
Total Assets$185,235$124,757▼ $60,478
Liabilities
Accounts Payable and Accrued Expenses$64,605$70,389▲ $5,784
Deferred Revenue$33,714--
Total Liabilities$98,319$70,389▼ $27,930
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$86,916$54,368▼ $32,548
Total Net Assets Fund Balance$86,916$54,368▼ $32,548
Total Liabilities and Net Assets / Fund Balance$185,235$124,757▼ $60,478
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Daryl FourtnerPresident
Jessica JensenVice President
Michael CadeExecutive Director
Brent RobinsonBod
Kevin LenekerBod
Nancy LapointeBod
Perry SheaBod
Renee SundeBod
Todd WhitleyBod
Virgil ClarksonBod
Grace KendallSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$494,267
Program Service Revenue
$12,221
Investment Income
$29
Other Revenue
$36,370
All Other Contributions
$103,354
Change in Net Assets
$-32,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$335,666
Other Expenses$239,769
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$253,640$34,981-$288,621
Fees for Services Other$72,485$2,330-$74,815
Office Expenses$73,482$511-$73,993
Other Employee Benefits$20,612$2,673-$23,285
Payroll Taxes$17,508$2,270-$19,778
Advertising$17,454$689-$18,143
Occupancy-$13,800-$13,800
Travel$9,727$3,396-$13,123
Conferences and Meetings$7,245$461-$7,706
Information Technology$6,592--$6,592
Other Expenses$4,336--$4,336
Pension Plan Contributions$3,525$457-$3,982
Insurance$2,948$102-$3,050
Total Functional Expenses$513,765$61,670$0$575,435
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Board president and treasurer review form 990.”

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

“The conflict of interest policy is contained within our personnel policies and our bylaws. We monitor it through the board.”

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

“The executive director's payroll is paid by a related party. The executive committee provides the review of the executive director. The president and president elect delivers the review and has final approval of the review. The executive committee reviews data (compensation packages) of executive directors from surrounding and like-sized economic development organizations. All reviews and compensation memorandums are inserted into the employee file of the executive director. The executive director has a formal and indepth review at the conclusion of the president of the board of director's term. The next review will occur at end of 2020.”

Form 990, Part VI, Section C, Line 19

“Policies, financial statements and governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Thurston Economic Development Council
EIN
91-1561600
Phone
3604646037
Address
4220 6TH AVE SE, LACEY, WA 98503

Signing Officer

Name
Michael Cade
Title
Executive Director
Phone
3604646037
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cade
Formed
1992
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Allen Gilbert CPA
Phone
4252506100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Lacey makerspace program was added in 2019 to provide community access to high tech fabrication tools and training. The program fosters innovation and creativity in the south sound region of washington.”

Form 990, Part IX, Line 11G

“Professional services: program service expenses 4,673. Management and general expenses 2,330. Fundraising expenses 0. Total expenses 7,003. Contracted services: program service expenses 67,812. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,812.”

Form 990, Part XII, Line 2C

“The process for selecting the independent auditor has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. There are no tax positions for which the deductibility is certain but for which there is uncertainty regarding the timing of such deductibility.”

Raw XML AppendixShowing 400 of 516 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/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOD
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IRS990/OtherRevenueMiscGrp/Desc0REIMBURSED EXPENSES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt032795
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13575
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt032795
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13575
IRS990/OtherRevenueTotalAmt036370
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034981
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0253640
IRS990/OtherSalariesAndWagesGrp/TotalAmt0288621
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02270
IRS990/PayrollTaxesGrp/ProgramServicesAmt017508
IRS990/PayrollTaxesGrp/TotalAmt019778
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0457
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03525
IRS990/PensionPlanContributionsGrp/TotalAmt03982
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL CADE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LACEY MAKER-SPACE
IRS990/ProgramServiceRevenueGrp/Desc1EVENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08002
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14219
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14219
IRS990/ProgSrvcAccomActy2Grp/Desc0WASHINGTON CENTER FOR WOMEN IN BUSINESS: PROVIDED TRAINING AND ASSISTANCE TO WOMEN LIVING IN THE STATE OF WASHINGTON TO START AND GROW SUCCESSFUL BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0229974
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt032795
IRS990/ProgSrvcAccomActy3Grp/Desc0SCALEUP TRAINING IS A 3-PART PROGRAM FOR BUSINESSES THAT WANT GREATER PROFITABILITY AND GROWTH. CBI PROVIDED TRAINING, TECHNICAL ASSISTANCE, REFERRAL AND OTHER RESOURCES TO GROWTH-ORIENTED BUSINESSES TO PROMOTE EXPANSION AND JOB CREATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt044702
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS OTHER SMALLER PROGRAMS TO DEVELOP THE ENTREPRENEURIAL NETWORK OF THURSTON COUNTY AND SUPPORT THE ENTIRE BUSINESS LIFE-CYCLE FROM PLANNING, LAUNCHING, GROWING, TURN-AROUND & EXIT PLANNING.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt094155
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt07794
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0504354
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015
IRS990/PYOtherExpensesAmt0204854
IRS990/PYOtherRevenueAmt065517
IRS990/PYProgramServiceRevenueAmt042445
IRS990/PYRevenuesLessExpensesAmt048916
IRS990/PYSalariesCompEmpBnftPaidAmt0358561
IRS990/PYTotalExpensesAmt0563415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0612331
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-32548
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08002
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0506479
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0612316
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0699902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0698339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0784784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03301820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0100
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08002
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt040589
IRS990ScheduleA/OtherIncome170Grp/TotalAmt040589
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98780
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt03301820
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0506479
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0612316
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0699902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0698339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0784784
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03301820
IRS990ScheduleA/TotalSupportAmt03342509
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE ARE NO TAX POSITIONS FOR WHICH THE DEDUCTIBILITY IS CERTAIN BUT FOR WHICH THERE IS UNCERTAINTY REGARDING THE TIMING OF SUCH DEDUCTIBILITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0142957
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL CADE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0164683
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LACEY MAKERSPACE PROGRAM WAS ADDED IN 2019 TO PROVIDE COMMUNITY ACCESS TO HIGH TECH FABRICATION TOOLS AND TRAINING. THE PROGRAM FOSTERS INNOVATION AND CREATIVITY IN THE SOUTH SOUND REGION OF WASHINGTON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD PRESIDENT AND TREASURER REVIEW FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN OUR PERSONNEL POLICIES AND OUR BYLAWS. WE MONITOR IT THROUGH THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S PAYROLL IS PAID BY A RELATED PARTY. THE EXECUTIVE COMMITTEE PROVIDES THE REVIEW OF THE EXECUTIVE DIRECTOR. THE PRESIDENT AND PRESIDENT ELECT DELIVERS THE REVIEW AND HAS FINAL APPROVAL OF THE REVIEW. THE EXECUTIVE COMMITTEE REVIEWS DATA (COMPENSATION PACKAGES) OF EXECUTIVE DIRECTORS FROM SURROUNDING AND LIKE-SIZED ECONOMIC DEVELOPMENT ORGANIZATIONS. ALL REVIEWS AND COMPENSATION MEMORANDUMS ARE INSERTED INTO THE EMPLOYEE FILE OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR HAS A FORMAL AND INDEPTH REVIEW AT THE CONCLUSION OF THE PRESIDENT OF THE BOARD OF DIRECTOR'S TERM. THE NEXT REVIEW WILL OCCUR AT END OF 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICIES, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 4,673. MANAGEMENT AND GENERAL EXPENSES 2,330. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,003. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 67,812. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,812.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR SELECTING THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THURSTON COUNTY ECONOMIC DEVELOPMENT COUNCIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0911183169
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$124,757
Liabilities
$70,389
Net assets
$54,368
Revenue
$542,887
Expenses
$575,435
Net income
-$32,548
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.47$0.30$0.17$3.16$3.07$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.62$0.54$0.08$4.14$4.24$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.45$0.19$1.87$1.82$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.46$0.32$0.14$0.99$1.21$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.41$0.36$2.12$1.82$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.07$0.05$0.54$0.58$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.10$0.09$0.61$0.56$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.13$0.08$0.05$0.70$0.68$0.02
2016Summary only. Only limited summary data is available for this year.$0.14$0.10$0.03$0.70$0.70$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.19$0.03$0.78$0.76$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.28$0.01$0.96$0.96$0.00
2013Summary only. Only limited summary data is available for this year.$0.38$0.37$0.01$1.36$1.37$0.01
2012Summary only. Only limited summary data is available for this year.$0.39$0.36$0.03$0.69$0.71$0.02
2011Summary only. Only limited summary data is available for this year.$0.50$0.45$0.05$0.76$0.73$0.03
2010Summary only. Only limited summary data is available for this year.$0.11$0.06$0.05$0.66$0.63$0.03