Civic Intelligence

Innovate Washington Foundation

990 • Fiscal year 2020 • EIN 91-1726442

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

Organization ProfileWWW.IGNITENORTHWEST.COM

View Organization Page

518 W Riverside No 203Spokane, WA 99201

(509) 358-2000

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.03x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

4.20x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$120,704

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

190%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$7,805,372

Up $1,051,114 (+16%) from 2019

Net Assets

Up

-$213,927

Up $718,822 (+77%) from 2019

Liabilities

Up

$8,019,299

Up $332,292 (+4.3%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin89th percentile

Revenue

Up

$1,911,500

Up $1,251,498 (+190%) from 2019

Expenses

Up

$1,020,285

Up $133,926 (+15%) from 2019

Net Income

Up

$891,215

Up $1,117,572 (+494%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $7,832,171Liabilities 2010: $3,765,134Net Assets 2010: $4,067,0372010Assets 2011: $8,894,060Liabilities 2011: $4,418,998Net Assets 2011: $4,475,0622011Assets 2012: $8,934,017Liabilities 2012: $7,312,916Net Assets 2012: $1,621,1012012Assets 2013: $8,883,050Liabilities 2013: $6,928,947Net Assets 2013: $1,954,1032013Assets 2014: $8,286,601Liabilities 2014: $6,678,137Net Assets 2014: $1,608,4642014Assets 2015: $7,484,772Liabilities 2015: $6,223,248Net Assets 2015: $1,261,5242015Assets 2016: $7,140,823Liabilities 2016: $6,479,401Net Assets 2016: $661,4222016Assets 2017: $6,984,621Liabilities 2017: $7,032,188Net Assets 2017: -$47,5672017Assets 2018: $6,874,165Liabilities 2018: $7,556,288Net Assets 2018: -$682,1232018Assets 2019: $6,754,258Liabilities 2019: $7,687,007Net Assets 2019: -$932,7492019Assets 2020: $7,805,372Liabilities 2020: $8,019,299Net Assets 2020: -$213,9272020Assets 2021: $8,077,613Liabilities 2021: $8,433,771Net Assets 2021: -$356,1582021Assets 2022: $8,489,904Liabilities 2022: $8,738,740Net Assets 2022: -$248,8362022Assets 2023: $8,526,138Liabilities 2023: $9,154,751Net Assets 2023: -$628,6132023Assets 2024: $8,589,866Liabilities 2024: $9,353,600Net Assets 2024: -$763,7342024

Highlighted filing

2020

Assets$7,805,372
Liabilities$8,019,299
Net Assets-$213,927
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $733,8852010Revenue 2011: $1,478,978Expenses 2011: $1,082,320Net Income 2011: $396,6582011Expenses 2012: $3,337,3362012Revenue 2013: $3,219,099Expenses 2013: $2,886,097Net Income 2013: $333,0022013Revenue 2014: $2,101,634Expenses 2014: $2,447,273Net Income 2014: -$345,6392014Revenue 2015: $1,896,687Expenses 2015: $2,243,627Net Income 2015: -$346,9402015Revenue 2016: $948,948Expenses 2016: $1,549,050Net Income 2016: -$600,1022016Revenue 2017: $685,174Expenses 2017: $1,394,163Net Income 2017: -$708,9892017Revenue 2018: $713,902Expenses 2018: $1,348,458Net Income 2018: -$634,5562018Revenue 2019: $660,002Expenses 2019: $886,359Net Income 2019: -$226,3572019Revenue 2020: $1,911,500Expenses 2020: $1,020,285Net Income 2020: $891,2152020Revenue 2021: $1,117,596Expenses 2021: $1,259,827Net Income 2021: -$142,2312021Revenue 2022: $1,197,636Expenses 2022: $1,090,314Net Income 2022: $107,3222022Revenue 2023: $814,164Expenses 2023: $1,136,223Net Income 2023: -$322,0592023Revenue 2024: $944,051Expenses 2024: $1,079,172Net Income 2024: -$135,1212024

Highlighted filing

2020

Revenue$1,911,500
Expenses$1,020,285
Net Income$891,215
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$1,911,500
Mission and Program Overview

Mission

Innovate Washington Foundation collaborates, convenes and connects innovators and researchers with entrepreneurial and financial capital needs to produce world-class companies and high-value jobs that will form the backbone of the region's future economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,745,359$4,592,068▼ $153,291
Other Notes and Loans Receivable, Net$1,223,127$2,284,470▲ $1,061,343
Pledges and Grants Receivable-$533,620-
Savings and Temporary Cash Investments$730,881$342,671▼ $388,210
Cash and Non-Interest-Bearing Accounts$24,203$40,792▲ $16,589
Prepaid Expenses and Deferred Charges$26,812$7,875▼ $18,937
Investments Other Securities$3,876$3,876→ $0
Total Assets$6,754,258$7,805,372▲ $1,051,114
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,620,221$4,874,527▲ $254,306
Tax Exempt Bond Liabilities$3,000,000$3,000,000→ $0
Accounts Payable and Accrued Expenses$40,286$90,772▲ $50,486
Deferred Revenue$26,500$54,000▲ $27,500
Total Liabilities$7,687,007$8,019,299▲ $332,292
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-932,749$-213,927▲ $718,822
Total Net Assets Fund Balance$-932,749$-213,927▲ $718,822
Total Liabilities and Net Assets / Fund Balance$6,754,258$7,805,372▲ $1,051,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,749,232$2,212,069$5,961,301
Land$842,836-$842,836
Equipment$0$59,034$59,034
Leasehold Improvements$0$11,973$11,973
Other Land Buildings$0$4,847$4,847
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas SimpsonCEOFT$95,435$25,269$120,704
Jeffrey WhiteCFOFT$94,871$15,945$110,816

Board Members and Trustees

NameTitle
Richard DenennyChair
Richard ReppDirector
Shelly ColombDirector
Skye HendersonDirector
Tyler LaffertyDirector
Wayne WilliamsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,389,850
Program Service Revenue
$520,559
Investment Income
$1,091
Other Revenue
$0
All Other Contributions
$6,500
Change in Net Assets
$891,215

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,911,500
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,911,500
Total Revenue per Form 990
$1,911,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$587,473
Salaries, Compensation, and Employee Benefits$432,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$135,771$95,749-$231,520
Interest$180,531$15-$180,546
Depreciation Depletion$154,552--$154,552
Other Salaries and Wages$85,213$60,095-$145,308
Fees for Services Other$64,880$27,252-$92,132
Occupancy-$34,532-$34,532
Other Employee Benefits$17,751$12,519-$30,270
Insurance$13,318$12,949-$26,267
Payroll Taxes$11,864$8,366-$20,230
Other Expenses$2,889$4,625-$7,514
Travel$3,884$1,707-$5,591
Pension Plan Contributions$3,216$2,268-$5,484
Conferences and Meetings$4,950--$4,950
Office Expenses-$2,200-$2,200
Total Functional Expenses$744,642$275,643$0$1,020,285

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,192,678
Expenses per Audited Statements$1,020,285
Total Expenses per Form 990$1,020,285
Expenses Not Reported on Form 990$172,393
Expenses Not Reported on Financial Statements$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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWashington Economic Development Finance Authority2010-04-07$3,785,000To refinance the costs of economic development facilities in spokane, wa.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,785,000-$785,000-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 B, Line 11B

“Copies will be provided to management and the board and questions answered as requested from individuals.”

Form 990, Part VI, Section B, Line 15

“Subject to board review and approval.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Innovate Washington Foundation
EIN
91-1726442
Phone
5093582000
Address
518 W RIVERSIDE NO 203, SPOKANE, WA 99201

Signing Officer

Name
Thomas Simpson
Title
CEO
Phone
5093582000
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Simpson
Formed
1996
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
6
Employees
4
Volunteers
6

Preparer

Firm
Bdo USA Llp
Address
601 UNION ST STE 2300, SEATTLE, WA 98101-2345
Preparer
Matthew R Matson
Phone
2063827777
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Bad debt expense -172,393.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Bad debt expense included on page 12 line 9 172,393.”

Raw XML AppendixShowing 400 of 488 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt040286
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt090772
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0INNOVATE WASHINGTON FOUNDATION COLLABORATES, CONVENES AND CONNECTS INNOVATORS AND RESEARCHERS WITH ENTREPRENEURIAL AND FINANCIAL CAPITAL NEEDS TO PRODUCE WORLD-CLASS COMPANIES AND HIGH-VALUE JOBS THAT WILL FORM THE BACKBONE OF THE REGION'S FUTURE ECONOMY.
IRS990/AllOtherContributionsAmt06500
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0APRIL STOLTZ
IRS990/BooksInCareOfDetail/PhoneNum05093582000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0518 W RIVERSIDE NO 203
IRS990/BooksInCareOfDetail/USAddress/CityNm0SPOKANE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd099201
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt024203
IRS990/CashNonInterestBearingGrp/EOYAmt040792
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt095749
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0135771
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0231520
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04950
IRS990/ConferencesMeetingsGrp/TotalAmt04950
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01389850
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01091
IRS990/CYOtherExpensesAmt0587473
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0520559
IRS990/CYRevenuesLessExpensesAmt0891215
IRS990/CYSalariesCompEmpBnftPaidAmt0432812
IRS990/CYTotalExpensesAmt01020285
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01911500
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt026500
IRS990/DeferredRevenueGrp/EOYAmt054000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0154552
IRS990/DepreciationDepletionGrp/TotalAmt0154552
IRS990/Desc0INNOVATE WASHINGTON FOUNDATION COLLABORATES, CONVENES AND CONNECTS INNOVATORS AND RESEARCHERS WITH ENTREPRENEURIAL AND FINANCIAL CAPITAL NEEDS TO PRODUCE WORLD-CLASS COMPANIES AND HIGH-VALUE JOBS THAT WILL FORM THE BACKBONE OF THE REGION'S FUTURE ECONOMY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt0744642
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt027252
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt064880
IRS990/FeesForServicesOtherGrp/TotalAmt092132
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt025269
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt115945
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFFREY WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD DENENNY
IRS990/Form990PartVIISectionAGrp/PersonNm3SKYE HENDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4TYLER LAFFERTY
IRS990/Form990PartVIISectionAGrp/PersonNm5WAYNE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm6SHELLY COLOMB
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD REPP
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt095435
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt194871
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt01383350
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01911500
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt012949
IRS990/InsuranceGrp/ProgramServicesAmt013318
IRS990/InsuranceGrp/TotalAmt026267
IRS990/InterestGrp/ManagementAndGeneralAmt015
IRS990/InterestGrp/ProgramServicesAmt0180531
IRS990/InterestGrp/TotalAmt0180546
IRS990/InvestmentIncomeGrp/ExclusionAmt01091
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01091
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03876
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03876
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02287923
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04745359
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04592068
IRS990/LandBldgEquipCostOrOtherBssAmt06879991
IRS990/LegalDomicileStateCd0WA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INNOVATE WASHINGTON FOUNDATION COLLABORATES, CONVENES AND CONNECTS INNOVATORS AND RESEARCHERS WITH ENTREPRENEURIAL AND FINANCIAL CAPITAL NEEDS TO PRODUCE WORLD-CLASS COMPANIES AND HIGH-VALUE JOBS THAT WILL FORM THE BACKBONE OF THE REGION'S FUTURE ECONOMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04620221
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04874527
IRS990/NetAssetsOrFundBalancesBOYAmt0-932749
IRS990/NetAssetsOrFundBalancesEOYAmt0-213927
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-932749
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-213927
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt034532
IRS990/OccupancyGrp/TotalAmt034532
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02200
IRS990/OfficeExpensesGrp/TotalAmt02200
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-172393
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012519
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt017751
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030270
IRS990/OtherExpensesGrp/Desc0TAXES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013366
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14625
IRS990/OtherExpensesGrp/ProgramServicesAmt065469
IRS990/OtherExpensesGrp/ProgramServicesAmt1354
IRS990/OtherExpensesGrp/ProgramServicesAmt22889
IRS990/OtherExpensesGrp/TotalAmt065469
IRS990/OtherExpensesGrp/TotalAmt113720
IRS990/OtherExpensesGrp/TotalAmt27514
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt060095
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt085213
IRS990/OtherSalariesAndWagesGrp/TotalAmt0145308
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01223127
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02284470
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08366
IRS990/PayrollTaxesGrp/ProgramServicesAmt011864
IRS990/PayrollTaxesGrp/TotalAmt020230
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02268
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03216
IRS990/PensionPlanContributionsGrp/TotalAmt05484
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0533620
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026812
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07875
IRS990/PrincipalOfficerNm0THOMAS SIMPSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/Desc0BUILDING LEASE
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON TECHNOLOGY
IRS990/ProgramServiceRevenueGrp/Desc2ACCELERATOR CLASSES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0383468
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1134988
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0383468
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1134988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22103
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0129375
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01357
IRS990/PYOtherExpensesAmt0545593
IRS990/PYOtherRevenueAmt0150
IRS990/PYProgramServiceRevenueAmt0529120
IRS990/PYRevenuesLessExpensesAmt0-226357
IRS990/PYSalariesCompEmpBnftPaidAmt0340766
IRS990/PYTotalExpensesAmt0886359
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0660002
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0891215
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0520559
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0730881
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0342671
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01389850
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0129375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0159630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0155749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0437583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02272187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0657
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0796
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04505
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02641708
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0445
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt081
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0450
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01126
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90340
IRS990ScheduleA/PublicSupportPY170Pct00.77050
IRS990ScheduleA/PublicSupportTotal170Amt02057743
IRS990ScheduleA/SubstantialContributorsTotAmt0214444
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01389850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0129375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0159630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0155749
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0437583
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02272187
IRS990ScheduleA/TotalSupportAmt02277818
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/BuildingsGrp/BookValueAmt03749232
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02212069
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05961301
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059034
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059034
IRS990ScheduleD/ExpensesNotReportedAmt0172393
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01020285
IRS990ScheduleD/LandGrp/BookValueAmt0842836
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0842836
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011973
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011973
IRS990ScheduleD/OtherExpensesIncludedAmt0172393
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04847
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04847
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01911500
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BAD DEBT EXPENSE INCLUDED ON PAGE 12 LINE 9 172,393.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04592068
IRS990ScheduleD/TotalExpensesPerForm990Amt01020285
IRS990ScheduleD/TotalRevenuePerForm990Amt01911500
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01911500
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01192678
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02010-04-07
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0911493002
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0000000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt03785000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0WASHINGTON ECONOMIC DEVELOPMENT FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO REFINANCE THE COSTS OF ECONOMIC DEVELOPMENT FACILITIES IN SPOKANE, WA.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.00000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0785000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt03785000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES WILL BE PROVIDED TO MANAGEMENT AND THE BOARD AND QUESTIONS ANSWERED AS REQUESTED FROM INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUBJECT TO BOARD REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BAD DEBT EXPENSE -172,393.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,805,372
Liabilities
$8,019,299
Net assets
-$213,927
Revenue
$1,911,500
Expenses
$1,020,285
Net income
$891,215
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$9.35$0.76$0.94$1.08$0.14
2023Detailed filing. Detailed filing data is available for this year.$8.53$9.15$0.63$0.81$1.14$0.32
2022Detailed filing. Detailed filing data is available for this year.$8.49$8.74$0.25$1.20$1.09$0.11
2021Detailed filing. Detailed filing data is available for this year.$8.08$8.43$0.36$1.12$1.26$0.14
2020Detailed filing. Detailed filing data is available for this year.$7.81$8.02$0.21$1.91$1.02$0.89
2019Detailed filing. Detailed filing data is available for this year.$6.75$7.69$0.93$0.66$0.89$0.23
2018Detailed filing. Detailed filing data is available for this year.$6.87$7.56$0.68$0.71$1.35$0.63
2017Detailed filing. Detailed filing data is available for this year.$6.98$7.03$0.05$0.69$1.39$0.71
2016Detailed filing. Detailed filing data is available for this year.$7.14$6.48$0.66$0.95$1.55$0.60
2015Detailed filing. Detailed filing data is available for this year.$7.48$6.22$1.26$1.90$2.24$0.35
2014Detailed filing. Detailed filing data is available for this year.$8.29$6.68$1.61$2.10$2.45$0.35
2013Detailed filing. Detailed filing data is available for this year.$8.88$6.93$1.95$3.22$2.89$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.93$7.31$1.62$3.34
2011Summary only. Only limited summary data is available for this year.$8.89$4.42$4.48$1.48$1.08$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.83$3.77$4.07$0.73