Civic Intelligence

Downtown Everett Association

990 • Fiscal year 2023 • EIN 91-1719487

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 08, 2024

1511 26th StEverett, WA 98201

(425) 258-0700

Siviq Scores

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

Liabilities / Assets

29th percentile

0.04x

Higher debt load relative to assets than 29% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.02x

Higher debt load relative to revenue than 21% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

57th percentile

6.4%

Higher net margin than 57% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$107,628

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$469,784

Up $64,390 (+16%) from 2022

Net Assets

Up

$452,086

Up $69,907 (+18%) from 2022

Liabilities

Down

$17,698

Down $5,517 (-24%) from 2022

Revenue

Up

$1,094,353

Up $102,708 (+10%) from 2022

Expenses

Up

$1,024,446

Up $91,429 (+9.8%) from 2022

Net Income

Up

$69,907

Up $11,279 (+19%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $279,744Liabilities 2011: $2,118Net Assets 2011: $277,6262011Assets 2012: $342,921Liabilities 2012: $2,844Net Assets 2012: $340,0772012Assets 2013: $429,837Liabilities 2013: $1,636Net Assets 2013: $428,2012013Assets 2014: $463,727Liabilities 2014: $4,548Net Assets 2014: $459,1792014Assets 2015: $498,271Liabilities 2015: $5,848Net Assets 2015: $492,4232015Assets 2016: $509,072Liabilities 2016: $9,698Net Assets 2016: $499,3742016Assets 2017: $445,833Liabilities 2017: $10,047Net Assets 2017: $435,7862017Assets 2018: $274,427Liabilities 2018: $5,867Net Assets 2018: $268,5602018Assets 2019: $256,747Liabilities 2019: $2,263Net Assets 2019: $254,4842019Assets 2020: $212,544Liabilities 2020: $2,452Net Assets 2020: $210,0922020Assets 2021: $349,595Liabilities 2021: $26,044Net Assets 2021: $323,5512021Assets 2022: $405,394Liabilities 2022: $23,215Net Assets 2022: $382,1792022Assets 2023: $469,784Liabilities 2023: $17,698Net Assets 2023: $452,0862023Assets 2024: $564,587Liabilities 2024: $25,742Net Assets 2024: $538,8452024

Highlighted filing

2023

Assets$469,784
Liabilities$17,698
Net Assets$452,086

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $378,960Expenses 2011: $323,186Net Income 2011: $55,7742011Revenue 2012: $378,986Expenses 2012: $316,535Net Income 2012: $62,4512012Revenue 2013: $401,474Expenses 2013: $313,350Net Income 2013: $88,1242013Revenue 2014: $393,420Expenses 2014: $362,442Net Income 2014: $30,9782014Revenue 2015: $395,429Expenses 2015: $360,423Net Income 2015: $35,0062015Revenue 2016: $413,490Expenses 2016: $406,539Net Income 2016: $6,9512016Revenue 2017: $417,244Expenses 2017: $481,785Net Income 2017: -$64,5412017Revenue 2018: $633,745Expenses 2018: $800,971Net Income 2018: -$167,2262018Revenue 2019: $680,501Expenses 2019: $694,577Net Income 2019: -$14,0762019Revenue 2020: $733,039Expenses 2020: $777,431Net Income 2020: -$44,3922020Revenue 2021: $883,340Expenses 2021: $769,881Net Income 2021: $113,4592021Revenue 2022: $991,645Expenses 2022: $933,017Net Income 2022: $58,6282022Revenue 2023: $1,094,353Expenses 2023: $1,024,446Net Income 2023: $69,9072023Revenue 2024: $1,172,860Expenses 2024: $1,086,102Net Income 2024: $86,7582024

Highlighted filing

2023

Revenue$1,094,353
Expenses$1,024,446
Net Income$69,907
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 8, 2024
Return Version
2023v5.1
Gross Receipts
$1,094,353
Mission and Program Overview

Mission

Advancing and growing downtown everett as a vibrant economic, cultural, and governmental center through leadership, advocacy, and the ongoing administration of a business improvement area.

The association's purpose is to make downtown everett cleaner, safer and more vibrant.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$382,179$452,086▲ $69,907
Investments in Publicly Traded Securities-$310,539-
Cash and Non-Interest-Bearing Accounts$389,759$138,102▼ $251,657
Prepaid Expenses and Deferred Charges$2,451$11,959▲ $9,508
Land, Buildings, and Equipment, Net$13,184$9,184▼ $4,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$405,394$469,784▲ $64,390
Liabilities
Other Liabilities$23,215$17,698▼ $5,517
Total Liabilities$23,215$17,698▼ $5,517
Net Assets / Fund Balance
Total Net Assets Fund Balance$382,179$452,086▲ $69,907
Total Liabilities and Net Assets / Fund Balance$405,394$469,784▲ $64,390

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,184$21,575$30,759
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth StenningExecutive DirectorFT$104,381$3,247$107,628

Board Members and Trustees

NameTitle
Patrick HallPresident
Corey MargolisDirector
Dan GaffneyDirector
Danielle LothropDirector
Erica WeirDirector
Holly PohlandDirector
Michael FinchDirector
Stephanie WrightDirector
Tyler ChismDirector
Jordan StephensSecretary
Craig SkotdalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$967,837
Investment Income
$10,539
Other Revenue
$115,977
Change in Net Assets
$69,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$701,849
Other Expenses$322,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$590,649
Advertising---$58,339
Payroll Taxes---$58,244
Other Employee Benefits---$52,956
All Other Expenses---$45,747
Occupancy---$37,497
Fees for Services Accounting---$17,882
Conferences and Meetings---$15,964
Information Technology---$14,576
Other Expenses---$11,292
Insurance---$10,903
Depreciation Depletion---$4,000
Fees for Services Legal---$2,345
Total Functional Expenses$0$0$0$1,024,446
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
Credit Card$17,267
Sales Tax Payable$431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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, Part VI, Section A, Line 4

The organization amended its bylaws to be consistent with new washington state nonprofit laws. Specifically, all references of members were removed from the bylaws.

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

A copy of the form 990 is distributed to each board member for review. Each member is provided a chance to comment or question the information presented thereon.

Form 990, Part VI, Section C, Line 19

Copies of the governing documents and financial statements are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Downtown Everett Association
EIN
91-1719487
Phone
4252580700
Address
1511 26TH ST, EVERETT, WA 98201

Signing Officer

Name
Patrick Hall
Title
President
Phone
4252580700
Signed
2024-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Hall
Formed
1982
Legal Domicile
Wa
Voting Board Members
11
Independent Board Members
11
Employees
19
Volunteers
190

Preparer

Firm
Mcgoorty Eisenman Inc Ps
Address
10410 - 19TH AVE SE STE 102, EVERETT, WA 98208
Preparer
Josanne Eisenman CPA
Phone
4253853483
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IRS990/PYOtherExpensesAmt0282745
IRS990/PYOtherRevenueAmt070678
IRS990/PYProgramServiceRevenueAmt0920967
IRS990/PYRevenuesLessExpensesAmt058628
IRS990/PYSalariesCompEmpBnftPaidAmt0650272
IRS990/PYTotalExpensesAmt0933017
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0991645
IRS990/ReconcilationRevenueExpnssAmt069907
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0382179
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0452086
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09184
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021575
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09184
IRS990ScheduleD/TotalLiabilityAmt017698
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AMENDED ITS BYLAWS TO BE CONSISTENT WITH NEW WASHINGTON STATE NONPROFIT LAWS. SPECIFICALLY, ALL REFERENCES OF MEMBERS WERE REMOVED FROM THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW. EACH MEMBER IS PROVIDED A CHANCE TO COMMENT OR QUESTION THE INFORMATION PRESENTED THEREON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DOWNTOWN EVERETT PARTNERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0852304592
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REVITALIZATION OF DOWNTOWN EVERETT FOR THE PUBLIC'S BENEFIT.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01511 26TH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EVERETT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd098201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0405394
IRS990/TotalAssetsEOYAmt0469784
IRS990/TotalAssetsGrp/BOYAmt0405394
IRS990/TotalAssetsGrp/EOYAmt0469784
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/TotalAmt01024446
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023215
IRS990/TotalLiabilitiesEOYAmt017698
IRS990/TotalLiabilitiesGrp/BOYAmt023215
IRS990/TotalLiabilitiesGrp/EOYAmt017698
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0382179
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0452086
IRS990/TotalOtherCompensationAmt03247
IRS990/TotalProgramServiceRevenueAmt0967837
IRS990/TotalReportableCompFromOrgAmt0104381
IRS990/TotalRevenueGrp/ExclusionAmt010539
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01083814
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01094353
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0190
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0405394
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0469784
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01511 26TH ST
IRS990/USAddress/CityNm0EVERETT
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098201
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.DOWNTOWNEVERETTWA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK HALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04252580700
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN EVERETT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0911719487
ReturnHeader/Filer/PhoneNum04252580700
ReturnHeader/Filer/USAddress/AddressLine1Txt01511 26TH ST
ReturnHeader/Filer/USAddress/CityNm0EVERETT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260278750
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGOORTY EISENMAN INC PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010410 - 19TH AVE SE STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EVERETT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098208
ReturnHeader/PreparerPersonGrp/PhoneNum04253853483
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSANNE EISENMAN CPA
ReturnHeader/ReturnTs02024-07-19T11:51:28-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.03$0.54$1.17$1.09$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.45$1.09$1.02$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.02$0.38$0.99$0.93$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.03$0.32$0.88$0.77$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.00$0.21$0.73$0.78$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.25$0.68$0.69$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.01$0.27$0.63$0.80$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.01$0.44$0.42$0.48$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.01$0.50$0.41$0.41$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.49$0.40$0.36$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.39$0.36$0.03
2013Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$0.40$0.31$0.09
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$0.38$0.32$0.06
2011Summary only. Only limited summary data is available for this year.$0.28$0.00$0.28$0.38$0.32$0.06