Yakima County Development Association
- Assets
- $2.7m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Yakima, WA
- Founding
- 08/1985
- Data as of
- 12/2020
- EIN
- 91-1284283
Organization Overview
Yakima County Development Association is located in Yakima, WA. The organization was established in 1985. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Yakima County Development Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yakima County Development Association 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 12/2020, Yakima County Development Association generated $12.3m in total revenue. All expenses for the organization totaled $12.5m during the year ending 12/2020. While expenses have increased by 68.5% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE INCOME, QUALITY OF LIFE AND EMPLOYMENT STABILITY OF YAKIMA COUNTRY RESIDENTS BY RETAINING, EXPANDING, AND RECRUITING BUSINESS AND INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YAKIMA COUNTY DEVELOPMENT ASSOCIATION (YCDA) WORKS TO RECRUIT NEW BUSINESSES. OUR ASSOCIATION RESPONDED TO 26 REQUESTS FROM NEW BUSINESSES SEEKING INFORMATION ABOUT THE YAKIMA VALLEY AND HOSTED 4 OF THOSE BUSINESSES FOR SITE VISITS. YCDA ATTENDED 1 TRADESHOW AND MET 36 COMPANIES INTERESTED IN A YAKIMA COUNTY LOCATION.
YCDA SUPPORTS BUILDING LOCAL BUSINESSES AND PROVIDES WORKFORCE AND COMMUNITY LEADERSHIP. IN 2020, YCDA ADMINISTERED APPROXIMATELY $12 MILLION IN CARES ACT GRANTS TO 1,400 LOCAL BUSINESSES REPRESENTING OVER 6,000 JOBS. YCDA HELD POP-UP EVENTS THROUGHOUT THE COUNTY AS WELL AS ONE-ON-ONE MEETINGS WITH BUSINESS OWNERS TO MAKE APPLYING FOR THESE FUNDS AS EASY AS POSSIBLE. THIS OUTREACH AND SUPPORT WERE AVAILABLE IN ENGLISH AND SPANISH. IN ADDITION, YCDA PERFORMED 150+ LOCAL COMPANY OUTREACH VISITS AND SUPPORTED 4 LOCAL BUSINESS EXPANSION PROJECTS. YCDA ORGANIZED OVER A DOZEN WEBINARS AND PRODUCED 34 COVID BUSINESS RESOURCES VIDEOS THAT RECEIVED 5,164 VIEWS.
YCDA HELPS THE YAKIMA VALLEY PREPARE FOR ECONOMIC OPPORTUNITIES BY ADVOCATING FOR AND DRIVING INVESTMENTS IN WORKFORCE DEVELOPMENT AND PUBLIC INFRASTRUCTURE. IN 2020, THE ASSOCIATION ADMINISTERED $6 MILLION IN SIED FUNDING AND HELPED 3 MUNICIPALITIES SECURE DOLLARS FOR PUBLIC WORK PROJECTS THAT LED TO NEW BUSINESS DEVELOPMENT. THESE PROJECTS COLLECTIVELY SUPPORT 300 NEW JOBS AND $27 MILLION IN FUTURE PRIVATE INVESTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Smith Executive Dir. | Officer | 44.6 | $126,971 |
David Cobia Past Chair | OfficerTrustee | 1 | $0 |
Moriet Miketa Board Chair | OfficerTrustee | 1 | $0 |
Debbie Byrd Secretary | OfficerTrustee | 1 | $0 |
Peter Marinace Vice Chair | OfficerTrustee | 1 | $0 |
Martin Casey Board Member | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,067,406 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,683 |
| Noncash contributions included in lines 1a–1f | $4,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,238,089 |
| Total Program Service Revenue | $42,538 |
| Investment income | $259 |
| 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 | $12,280,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,038,298 |
| Grants and other assistance to domestic individuals. | $649,471 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,818 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,554 |
| Pension plan accruals and contributions | $5,039 |
| Other employee benefits | $15,189 |
| Payroll taxes | $26,796 |
| 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 | $114,260 |
| Advertising and promotion | $14,615 |
| Office expenses | $12,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,847 |
| Travel | $3,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,971 |
| Insurance | $8,931 |
| All other expenses | $6,233 |
| Total functional expenses | $12,473,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,959 |
| Savings and temporary cash investments | $926,190 |
| Pledges and grants receivable | $1,354,525 |
| 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 | $6,124 |
| Net Land, buildings, and equipment | $13,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,500 |
| Total assets | $2,653,869 |
| Accounts payable and accrued expenses | $109,754 |
| Grants payable | $0 |
| Deferred revenue | $3,650 |
| 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 | $769,360 |
| Total liabilities | $882,764 |
| Net assets without donor restrictions | $956,654 |
| Net assets with donor restrictions | $814,451 |
| 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 | $2,653,869 |
Grants Awarded
Over the last fiscal year, Yakima County Development Association has awarded $114,345 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL WASHINGTON COMPREHENS PURPOSE: CARES ACT/ CORONAVIRUS RELIEF FUND | $30,000 |
Yakima, WA PURPOSE: CARES ACT/ CORONAVIRUS RELIEF FUND | $24,345 |
Yakima, WA PURPOSE: CARES ACT/ CORONAVIRUS RELIEF FUND | $10,000 |
CENTRAL WASHINGTON HISPANIC PURPOSE: CARES ACT/ CORONAVIRUS RELIEF FUND | $10,000 |
Yakima, WA PURPOSE: CARES ACT/ CORONAVIRUS RELIEF FUND | $10,000 |
Yakima, WA PURPOSE: CARES ACT/ CORONAVIRUS RELIEF FUND | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Yakima County Development Association has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Yakima Valley Memorial Hospital Association Yakima, WA PURPOSE: TO HELP IN THE DEVELOPMENT OF THE YAKIMA AREA | $30,000 |
Yakima Valley Community Foundation Yakima, WA PURPOSE: COVID-19 - GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural Alaska Community Action Program Inc Anchorage, AK | $41,385,043 | $27,905,721 |
Human Solutions Inc Portland, OR | $41,573,265 | $24,704,381 |
Metropolitan Development Council Tacoma, WA | $25,355,306 | $24,051,543 |
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |
Southeast Effective Development Seattle, WA | $44,851,964 | $4,590,608 |
Evergreen Business Capital Seattle, WA | $8,313,121 | $5,500,753 |