Southeast Washington Economic Development Association
- Assets
- $237.4k
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Clarkston, WA
- Founding
- 10/1993
- Data as of
- 06/2021
- EIN
- 91-1319496
Organization Overview
Southeast Washington Economic Development Association is located in Clarkston, WA. The organization was established in 1993. 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 06/2021, Southeast Washington Economic Development Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Washington Economic Development Association 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 06/2021, Southeast Washington Economic Development Association generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 32.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEWEDA IS A NON-PROFIT ORGANIZATION THAT USES GOVERMENT GRANTS TO BETTER THE ECONOMIC DEVELOPMENT IN ASOTIN, GARFIELD AND WHITMAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PERFORMANCE BASED FUNDING TO ASSIST ECONOMIC DEVELOPMENT ACTIVITIES AND TO DELIVER ECONOMIC DEVELOPMENT SERVICES TO COMMUNITIIES, ORGANIZATIONS AND BUSINESSES FOR ASOTIN, GARFIELD AND WHITMAN COUNTIES IN WASHINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Smith Executive Dir. | OfficerTrustee | 40 | $72,000 |
Dean Kinzer Secretary | OfficerTrustee | 0 | $0 |
Justin Dixon President | OfficerTrustee | 0 | $0 |
Brian Shinn Vice President | OfficerTrustee | 0 | $0 |
Al Sorenson Director | Trustee | 0 | $0 |
Monika Lawrence Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,140,137 |
| Investment income | $36 |
| 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 | $3,140,173 |
| Statement of Expenses | |
|---|---|
| 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. | $72,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,120 |
| Payroll taxes | $23,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,821 |
| Office expenses | $8,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,875 |
| Travel | $6,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,769 |
| All other expenses | $0 |
| Total functional expenses | $3,092,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,364 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $237,364 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $237,364 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southeast Washington Economic Development Association has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Philanthropy Northwest Seattle, WA PURPOSE: CENSUS EQUITY FUND | $20,000 |
Washington State Microenterprise Association Olympia, WA PURPOSE: PROVIDE OUTREACH | $15,000 |
Rural Development Initiatives Inc Coburg, OR PURPOSE: PROJECT GRANT | $5,000 |
Rural Development Initiatives Inc Coburg, OR PURPOSE: PROJECT GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Clean & Safe Inc Portland, OR | $4,418,996 | $6,074,621 |
Community Frameworks Spokane, WA | $20,309,475 | $6,692,007 |
Interim Community Development Association Seattle, WA | $18,632,697 | $4,931,753 |