Economic Development Alliance Of Skagit County Foundation
- Assets
- $777.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Mount Vernon, WA
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 91-1724682
Organization Overview
Economic Development Alliance Of Skagit County Foundation is located in Mount Vernon, WA. The organization was established in 1996. As of 12/2021, Economic Development Alliance Of Skagit County Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Alliance Of Skagit County Foundation 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, Economic Development Alliance Of Skagit County Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $852.4k during the year ending 12/2021. While expenses have increased by 40.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A GROWING AND BALANCED ECONOMY FOR SKAGIT COUNTY, WA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECONOMIC DEVELOPMENT ALLIANCE OF SKAGIT COUNTY (EDASC) CARRIES OUT BUSINESS ATTRACTION, RETENTION AND EXPANSION AND COLLABORATIVE ENGAGEMENT TO ACHIEVE A PROSPEROUS, SUSTAINABLE AND EQUITABLE COMMUNITY WHILE MAINTAINING SKAGIT COUNTY'S NATURAL BEAUTY AND QUALITY OF LIFE. EDASC'S BUSINESS RECRUITMENT, RETENTION AND EXPANSION INITIATIVES CREATE AND SUPPORT A FAVORABLE BUSINESS CLIMATE, WITH AN EMPHASIS ON SUSTAINABILITY, EQUITY, DIVERSITY, AND INCLUSION.
LEADERSHIP SKAGIT, A PROGRAM OF EDASC IN PARTNERSHIP WITH SKAGIT VALLEY COLLEGE, CULTIVATES A CADRE OF CIVIC LEADERS THROUGH A 9-MONTH CURRICULUM OF EXPERIENTIAL LEARNING. IT HAS BEEN THE COUNTY'S PREMIER LEADERSHIP DEVELOPMENT PROGRAM SINCE 2004, GRADUATING OVER 550 ALUMNI INCLUDING ELECTED OFFICIALS, BUSINESS OWNERS AT ALL LEVELS, EXECUTIVES AND MORE.
EDASC PROVIDES NO-COST AND CONFIDENTIAL ENTREPRENEURIAL AND SMALL BUSINESS ADVISING THROUGH ITS PARTNERSHIPS WITH THE CENTER FOR INCLUSIVE ENTREPRENEURSHIP, SMALL BUSINESS DEVELOPMENT CENTER, NORTHWEST AGRICULTURE BUSINESS CENTER, AND NORTHWEST INNOVATION RESOURCE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sternlicht CEO | Officer | 40 | $148,908 |
Audra Ramerman Director Of Finance & Administration | Officer | 40 | $87,315 |
Rod Cann Treasurer | OfficerTrustee | 1 | $0 |
Scott Holley Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Johnston Board Chair | OfficerTrustee | 1 | $0 |
Alice Takehara Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $262,251 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,406 |
| Total Program Service Revenue | $446,428 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$860 |
| Net Income from Fundraising Events | -$157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,000,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,392 |
| Compensation of current officers, directors, key employees. | $72,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,129 |
| Pension plan accruals and contributions | $13,514 |
| Other employee benefits | $45,004 |
| Payroll taxes | $36,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,360 |
| Fees for services: Accounting | $14,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,103 |
| Advertising and promotion | $2,342 |
| Office expenses | $26,197 |
| Information technology | $36,316 |
| Royalties | $0 |
| Occupancy | $55,618 |
| Travel | $14,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,832 |
| Insurance | $4,993 |
| All other expenses | $2,222 |
| Total functional expenses | $852,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667,914 |
| Savings and temporary cash investments | $2,407 |
| Pledges and grants receivable | $19,663 |
| Accounts receivable, net | $74,900 |
| 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 | $11,993 |
| Net Land, buildings, and equipment | $990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,867 |
| Accounts payable and accrued expenses | $43,061 |
| Grants payable | $0 |
| Deferred revenue | $51,889 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $160,061 |
| 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 | $255,011 |
| Net assets without donor restrictions | $510,332 |
| Net assets with donor restrictions | $12,524 |
| 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 | $777,867 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic Development Alliance Of Skagit County Foundation has recieved totaling $8,475.
| Awarding Organization | Amount |
|---|---|
Womens Funding Alliance Seattle, WA PURPOSE: Community leadership grant | $8,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
Concordia University Irvine, CA | $216,619,359 | $134,293,913 |
Kipp Bay Area Schools Oakland, CA | $172,487,625 | $112,257,587 |
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Samuel Merritt University Oakland, CA | $325,100,331 | $118,517,115 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Whittier College Whittier, CA | $322,047,237 | $96,024,170 |
Roseman University Of Health Sciences A Nevada Non-Profit Corp Henderson, NV | $331,227,679 | $100,313,649 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |