Economic Alliance Snohomish County
- Assets
- $2.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Everett, WA
- Founding
- 05/1972
- Data as of
- 12/2021
- EIN
- 91-0647005
Organization Overview
Economic Alliance Snohomish County is located in Everett, WA. The organization was established in 1972. 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, Economic Alliance Snohomish County employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Alliance Snohomish County is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Economic Alliance Snohomish County generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 0.7% 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 2017, Economic Alliance Snohomish County has awarded 229 individual grants totaling $1,622,746. 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
GROWING AND NURTURING A VITAL REGIONAL ECONOMY THAT IS GLOBALLY COMPETITIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS A CATALYST FOR ECONOMIC VITALITY, RESULTING IN STRONGER COMMUNITIES, INCREASED JOB CREATION, EXPANDED EDUCATIONAL OPPORTUNITIES, AND IMPROVED INFRASTRUCTURE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Clark Jr President And CEO | Officer | 40 | $229,040 |
Anadelia Torres Director Of Finance | Officer | 40 | $114,535 |
Scott Strand Secretary | OfficerTrustee | 1 | $0 |
Rich White Chair | OfficerTrustee | 1 | $0 |
Dan Gaffney Vice Chair | OfficerTrustee | 1 | $0 |
Nancy Ekrem Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Attributes Inc Consulting, Research, Report Services | 12/30/15 | $150,000 |
Monroe And Associates Llc Administrative Management Fees | 12/30/15 | $115,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $938,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $894,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,833,053 |
| Total Program Service Revenue | $397,758 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $5,673 |
| 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 | $2,266,401 |
| 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. | $229,040 |
| Compensation of current officers, directors, key employees. | $59,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $808,885 |
| Pension plan accruals and contributions | $17,827 |
| Other employee benefits | $63,081 |
| Payroll taxes | $92,761 |
| 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 | $336,520 |
| Advertising and promotion | $68,006 |
| Office expenses | $89,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,324 |
| Travel | $18,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,858 |
| Insurance | $5,727 |
| All other expenses | $0 |
| Total functional expenses | $1,971,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,366 |
| Savings and temporary cash investments | $1,167,517 |
| Pledges and grants receivable | $82,603 |
| Accounts receivable, net | $798,240 |
| 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 | $30,456 |
| Net Land, buildings, and equipment | $5,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,079 |
| Total assets | $2,270,851 |
| Accounts payable and accrued expenses | $138,375 |
| Grants payable | $0 |
| Deferred revenue | $21,589 |
| 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 | $155,032 |
| Total liabilities | $314,996 |
| Net assets without donor restrictions | $1,706,980 |
| Net assets with donor restrictions | $248,875 |
| 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 | $2,270,851 |
Grants Awarded
Over the last fiscal year, Economic Alliance Snohomish County has awarded $1,580,200 in support to 227 organizations.
| Grant Recipient | Amount |
|---|---|
BEHAR'S FURNITURE PURPOSE: COVID GRANT AWARDEE | $10,000 |
HARBOR INVESTMENT INC PURPOSE: COVID GRANT AWARDEE | $10,000 |
NORWEST KITCHEN AND REMODELING PURPOSE: COVID GRANT AWARDEE | $10,000 |
C & K HOSPITALITY LLC PURPOSE: COVID GRANT AWARDEE | $10,000 |
BELLEVUE BADMINTON CLUB INC PURPOSE: COVID GRANT AWARDEE | $10,000 |
CLAIRE'S PANTRY LLC PURPOSE: COVID GRANT AWARDEE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Economic Alliance Snohomish County has recieved totaling $147,833.
| Awarding Organization | Amount |
|---|---|
Washington Stem Center Seattle, WA PURPOSE: IMPLEMENTATION GRANT | $37,500 |
Washington Stem Center Seattle, WA PURPOSE: IMPLEMENTATION GRANT | $37,500 |
Providence Health & Services Washington Renton, WA PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Washington Stem Center Seattle, WA PURPOSE: EARLY LEARNING ACTIVITY GRANT | $12,500 |
Washington Stem Center Seattle, WA PURPOSE: FAFSA AND WASFA PROVISO PROJECT | $10,333 |
Washington Stem Center Seattle, WA PURPOSE: IMPLEMENTATION GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Eastern Oregon Workforce Investment Board La Grande, OR | $2,038,601 | $2,624,677 |