2023-11-10T18:05:26-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2022-01-01 911183169 THURSTON COUNTY ECONOMIC DEVELOPMENT COUNCIL THUR 3604646320 4220 6TH AVE SE LACEY WA 98503 MICHAEL CADE EXECUTIVE DIRECTOR 3604646320 2023-11-09 1 MICHAEL CADE XXX-XX-XXXX 0 ALLEN GILBERT CPA P01380103 4252506100 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL CADE 4220 6TH AVE SE LACEY WA 98503 8399812 0 X WWW.THURSTONEDC.COM X 1981 WA PROMOTE SUSTAINABLE ECONOMIC, INVESTMENT AND EMPLOYMENT OPPORTUNITIES THROUGHOUT THURSTON COUNTY. 25 25 23 25 0 0 2758761 8184382 514241 215297 86 133 159738 0 3432826 8399812 637908 5165586 0 0 1396266 1838069 0 0 0 1412255 1305326 3446429 8308981 -13603 90831 705199 900230 483067 587267 222132 312963 THE MISSION OF THE THE THURSTON EDC IS TO PROMOTE AND INCREASE SUSTAINABLE ECONOMIC, INVESTMENT AND EMPLOYMENT OPPORTUNITIES THROUGHOUT THURSTON COUNTY THAT SUPPORT THE LIVELIHOOD, VALUES OF THE RESIDENTS OF THE COUNTY. 0 0 7403290 5165586 0 PROCUREMENT TECHNICAL ASSISTANCE (PTAC). EDC'S PTAC DIRECTOR IS A MEMBER OF PTAC NATIONAL BOARD, AND MAINTAINS AN OFFICER POSITION ON THE ADVOCACY BOARD. ASSOCIATION OF PROCUREMENT TECHNICAL ASSISTANCE CENTERS (APTAC) IS COMPRISED OF MEMBERSHIP FROM PTAC CENTERS FROM AROUND THE COUNTRY AND IS FOCUSED ON THE INCREASED RESOURCES FOR LOCAL BUSINESS TO ACCESS AND GAIN FEDERAL CONTRACTING OPPORTUNITIES. 97671 0 215297 PROVIDED ASSISTANCE TO FOSTER ECONOMIC DEVELOPMENT IN THURSTON COUNTY BY HOSTING VARIOUS EVENTS. WE ARE COMMITTED TO EXPANDING PRIVATE ENTERPRISES THAT DIVERSIFY AND STRENGTHEN THE ECONOMIC BASE AND CREATE NEW OPPORTUNITIES FOR LIVING-WAGE JOBS IN THURSTON COUNTY. 7500961 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 379 0 1 23 0 0 0 0 0 1 1 0 0 0 X 25 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL CADE 3604646320 4220 6TH AVE SE LACEY WA 98503 MICHAEL CADE EXECUTIVE DIRECTOR 45.00 10.00 X X 144986 0 26398 TIFFANY SCROGGS PROGRAM MANAGER 40.00 X 105587 0 6388 MARK STEEPY PRESIDENT 0.50 X X 0 0 0 HEATHER BURGESS IMMEDIATE PAST PRESIDENT 0.50 X X 0 0 0 MICHAEL MCGAULY SECRETARY / TREASURER 0.50 X X 0 0 0 PETER AGABI DIRECTOR 0.50 X 0 0 0 REID BATES DIRECTOR 0.50 X 0 0 0 JOE DEPINTO DIRECTOR 0.50 X 0 0 0 JIM COOPER DIRECTOR 0.50 X 0 0 0 MARC DAILY DIRECTOR 0.50 0.25 X 0 0 0 JOE DOWNING DIRECTOR 0.50 X 0 0 0 GARY EDWARDS DIRECTOR 0.50 X 0 0 0 BRIAN FLUETSCH DIRECTOR 0.50 X 0 0 0 WAYNE FOURNIER DIRECTOR 0.50 X 0 0 0 DARYL FOURTNER DIRECTOR 0.50 X 0 0 0 JESSICA JENSEN DIRECTOR 0.50 0.25 X 0 0 0 DAN JONES DIRECTOR 0.50 X 0 0 0 NANCY LAPOINTE DIRECTOR 0.50 0.25 X 0 0 0 CECILIA LOVELESS DIRECTOR 0.50 X 0 0 0 MALCOLM MILLER DIRECTOR 0.50 X 0 0 0 EVAN PARKER DIRECTOR 0.50 X 0 0 0 ANNETTE PITTS DIRECTOR 0.50 X 0 0 0 DR TIMOTHY STOKES DIRECTOR 0.50 X 0 0 0 TONY TAYLOR DIRECTOR 0.50 X 0 0 0 CARRIE WHISLER IMMEDIATE PAST PRESIDENT 0.50 X 0 0 0 CHRIS WOODS DIRECTOR 0.50 X 0 0 0 SHINA WYSOCKI DIRECTOR 0.50 X 0 0 0 250573 0 32786 2 0 1 0 0 140701 148989 7373268 521424 8184382 NORTHWEST ALLIANCE 812900 77004 77004 EXPO 812900 64273 64273 REAL ESTATE FORUM 812900 34478 34478 HOOTENANNY 812900 31792 31792 RESEARCH INVOME 812900 5000 5000 2750 2750 215297 133 133 8399812 215297 0 133 X 4724332 4724332 441254 441254 154885 116164 38721 1396458 992124 404334 22612 15975 6637 88299 62236 26063 175815 125495 50320 32981 14347 18634 834705 801869 32836 51205 32630 18575 17319 5462 11857 56039 10827 45212 63697 1852 61845 40003 18901 21102 8415 9 8406 9061 9061 EVENT EXPENSES 112196 97671 14525 DUES & SUBSCRIPTIONS 59955 39813 20142 BAD DEBT EXPENSE 19750 19750 8308981 7500961 808020 0 152255 86478 552944 783877 10461 10461 0 0 0 29875 705199 900230 373035 456889 110032 100503 0 29875 483067 587267 X 222132 312963 222132 312963 705199 900230 90831 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 1 0 10461 10461 0 0 LEASE OBLIGATION 29875 29875 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. 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X X 0 0 0 0 0 0 0 0 0 MICHAEL CADE EXECUTIVE DIRECTOR 144986 0 0 0 0 0 4553 0 21845 0 171384 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A IN ABSENCE OF A REGULAR BOARD MEETING THE EXECUTIVE COMMITTEE COMPRISED OF THE OFFICERS MAY TAKE ACTION AS LONG AS IT IS REPORTED TO THE FULL BOARD AT THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS SUPPORTED BY PRIVATE MEMBERSHIPS DUES. THE CLASSES OF MEMBERS ARE AS FOLLOWS: PRIMARY $500, ASSOCIATE $1,000, PARTICIPANT $2,500, CORPORATE $5,000, MAJOR $7,500, PRINCIPAL $10,000. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS ARE ELECTED BY A VOTE OF THE EDC MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE ORGANIZATION MUST APPROVE ANY AMENDMENTS TO THE BYLAWS IN AN ACTION BY THE BOARD. THE MEMBER MAY AMEND, ALTER OR REPEAL THE BYLAWS AT ANY ANNUAL OR SPECIAL MEETING OF THE MEMBERSHIP IF NOTICE OF THE PROPOSED ALTERATION OR AMENDMENT IS CONTAINED IN THE NOTICE OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, TAX RETURNS, AND CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, AS PER THE PERSONNEL POLICIES AND BYLAWS ANNUALLY. IT COVERS BOARD MEMBERS AND EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THERE IS A FORMAL REVIEW PROCESS. THE EXECUTIVE COMMITTEE PROVIDES THE REVIEW OF THE EXECUTIVE DIRECTOR. THE PRESIDENT AND PRESIDENT ELECT DELIVER THE REVIEW AND HAVE FINAL APPROVAL OF THE REVIEW. THE EXECUTIVE COMMITTEE REVIEWS DATA (COMPENSATION PACKAGES) OF EXECUTIVE DIRECTORS FROM SURROUNDING AND LIKE-SIZED ECONOMIC DEVELOPMENT ORGANIZATIONS. ALL REVIEWS AND COMPENSATION MEMORANDUMS ARE INSERTED INTO THE EMPLOYEE FILE OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR HAS A FORMAL AND IN DEPTH REVIEW ANNUALLY. A FORMAL REVIEW OCCURRED IN 2021. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023 FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND ANNUAL TAX RETURNS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 761,746. MANAGEMENT AND GENERAL EXPENSES 15,268. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 777,014. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 40,123. MANAGEMENT AND GENERAL EXPENSES 17,568. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,691. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THURSTON EDC CENTER FOR BUSINESS INNOVATION 4220 6TH AVE SE LACEY WA 98503 911561600 DEVELOP ENTREPRENEURIAL NETWORK WITHIN THURSTON COUNTY WA 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0