San Juan County Economic Development Council
- Assets
- $421.6k
- Revenue
- $514.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Friday Harbor, WA
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 41-2067708
Organization Overview
San Juan County Economic Development Council is located in Friday Harbor, WA. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, San Juan County Economic Development Council employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Juan County Economic Development Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, San Juan County Economic Development Council generated $514.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $352.7k during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 7 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 2020, San Juan County Economic Development Council has awarded 73 individual grants totaling $446,933. 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
THE SAN JUAN COUNTY ECONOMIC DEVELOPMENT COUNCIL (EDC) STRIVES TO SUPPORT SMALL RURAL ENTERPRISES, AND CONDUCTS PROJECTS TO STIMULATE NEW JOB CREATION, STRENGTHEN THE ECONOMIC BASE FOR WORKING FAMILIES, AND SUPPORT OVERALL QUALITY OF LIFE FOR ISLANDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BUSINESS PROGRAMS FOR LOPEZ, ORCAS AND SAN JUAN ISLANDS. TRACKED ECONOMIC (ALL BUSINESS CATEGORIES) TRENDS FOR SAN JUAN COUNTY, WASHINGTON AND RELATED MEETINGS AND COMMUNICATIONS. ORGANIZED TRADES AND TECH TRAINING OPPORTUNITIES.
ADMINISTRATION OF GOVERNMENT GRANTS AND PRIVATE GRANTS/DONATIONS FOR ECONOMIC RELIEF FROM THE COVID 19 PANDEMIC EFFECTS ON THE SMALL BUSINESSES OF SAN JUAN COUNTY, WASHINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Madsen Past Preside | OfficerTrustee | 2 | $0 |
William Appel Director | OfficerTrustee | 2 | $0 |
Thomas Sandstrom Treasurer | OfficerTrustee | 2 | $0 |
John Evans Director | Trustee | 2 | $0 |
Gretchen Bailey President | Trustee | 2 | $0 |
Charles Bodenstab Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $452,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,163 |
| Total Program Service Revenue | $1,022 |
| Investment income | $51 |
| 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 | $514,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $198,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,408 |
| Payroll taxes | $16,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,124 |
| Office expenses | $6,060 |
| Information technology | $193 |
| Royalties | $0 |
| Occupancy | $17,458 |
| Travel | $707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,149 |
| All other expenses | $122 |
| Total functional expenses | $352,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,825 |
| Savings and temporary cash investments | $29,936 |
| 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 | $5,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,400 |
| Total assets | $421,553 |
| Accounts payable and accrued expenses | $5,173 |
| Grants payable | $32,500 |
| 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 | $126,887 |
| Other liabilities | $0 |
| Total liabilities | $164,560 |
| Net assets without donor restrictions | $256,993 |
| 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 | $421,553 |
Grants Awarded
Over the last fiscal year, San Juan County Economic Development Council has awarded $446,933 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ORCAS FAMILY RESOURCE CENTER PURPOSE: COVID19 BUSINESS RELIEF | $18,875 |
SJI FAMILY RESOURCE CENTER PURPOSE: COVID19 BUSINESS RELIEF | $18,875 |
SENIOR SERVICES COUNCIL OF SJC PURPOSE: COVID19 BUSINESS RELIEF | $15,000 |
ORCAS ISLAND FOOD BANK PURPOSE: COVID19 BUSINESS RELIEF | $15,000 |
LOPEZ IS FAMILY RESOURCE CENTER FOO PURPOSE: COVID19 BUSINESS RELIEF | $15,000 |
ORCAS ADVENTURES PURPOSE: COVID19 BUSINESS RELIEF | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that San Juan County Economic Development Council has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Harvest Foundation Seattle, WA PURPOSE: PROGRAM SUPPORT FOR TRADES TRAINING INITIATIVE. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Sound Economic Development Corporation Anchorage, AK | $393,228,467 | $59,416,266 |
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |