Washington State Microenterprise Association
- Assets
- $24.5k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Olympia, WA
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 30-0434103
Organization Overview
Washington State Microenterprise Association, operating under the name Wsma, is located in Olympia, WA. The organization was established in 2007. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Wsma employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wsma is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wsma generated $2.2m in total revenue. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 183.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wsma has awarded 74 individual grants totaling $2,156,990. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO STRENGTHEN ECONOMIC DEVELOPMENT SYSTEMS THAT SUPPORT THE GROWTH OF STRONG AND EFFECTIVE MICROENTERPRISE DEVELOPMENT ORGANIZATIONS. WE DO THIS THROUGH: BUILDING A COALITION OF ORGANIZATIONS, AGENCIES AND INDIVIDUALS DEDICATED TO MICROENTERPRISE DEVELOPMENT; PROVIDING LEADERSHIP TO THE VOICE OF MICROENTERPRISE PRACTITIONERS; PROMOTING MICROENTERPRISE AS A VIABLE ECONOMIC DEVELOPMENT TOOL; SUPPORTING THE CAPASITY OF MICROENTERPRISE SUPPORT ORGANIZATIONS IN PROVIDING; SELF-EMPLOYMENT EDUCATION AND ASSISTANCE, ACCESS TO CAPITAL AND MICRO-LENDING, BUSINESS CREATION AND EXPANSION SUPPORT, JOB CREATION, ECONOMIC SEL-SUFFICIENCY AND FINANCIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WSMA PROVIDES CAPACITY BUILDING, NETWORKING AND GRANTS TO MICROENTERPRISE DEVELOPMENT ORGANIZATIONS (MDOS) THAT SUPPORT BUSINESSES WITH FIVE OR FEWER EMPLOYEES THROUGHOUT WA STATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Smith Treasurer/ed | OfficerTrustee | 40 | $92,853 |
Janice Fejarang President | OfficerTrustee | 40 | $0 |
Jim Keogh Vice Preside | OfficerTrustee | $0 | |
David Gilbreath Board Member | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,239,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,241,814 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,241,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,862,180 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,091 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,314 |
| Advertising and promotion | $0 |
| Office expenses | $887 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,073 |
| Travel | $317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480 |
| Insurance | $681 |
| All other expenses | $0 |
| Total functional expenses | $2,190,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,484 |
| Accounts payable and accrued expenses | $5,700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,700 |
| Net assets without donor restrictions | $18,784 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,484 |
Grants Awarded
Over the last fiscal year, Washington State Microenterprise Association has awarded $1,857,180 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: CAPACITY/EXPENSION | $171,216 |
Seattle, WA PURPOSE: BUSINESS SUPPORT | $150,000 |
Spokane, WA | | $83,000 |
Seattle, WA | | $75,000 |
Tacoma, WA | | $74,338 |
Seattle, WA | | $66,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Camelback Ventures Inc Garden City, ID | $16,707,228 | $5,830,113 |
Northwest Business Development Association Spokane Valley, WA | $4,504,001 | $3,801,691 |
Washington State Microenterprise Association Olympia, WA | $24,484 | $2,241,814 |
Ameritrust Cdc Edmonds, WA | $1,782,225 | $1,891,460 |
Ccd Business Development Corporation Roseburg, OR | $8,377,391 | $2,075,254 |
East-Central Idaho Development Company Rexburg, ID | $3,332,671 | $702,206 |
Kitchen Spokane Spokane, WA | $8,199 | $267,957 |
Alaska Business Development Center Inc Anchorage, AK | $661,589 | $599,259 |
Cascade Capital Funding Salem, OR | $394,128 | $508,938 |
Valley Development Initiatives Salem, OR | $7,257,429 | $336,935 |