2022-11-14T17:41:22-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2021-01-01 911561600 THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNOVATION THUR 3604646037 4220 6TH AVE SE LACEY WA 98503 MICHAEL CADE EXECUTIVE DIRECTOR 3604646037 2022-11-10 1 MICHAEL CADE XXX-XX-XXXX ALLEN GILBERT CPA P01380103 4252506100 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL CADE 4220 6TH AVE SE LACEY WA 98503 992079 0 X WWW.THURSTONEDC.COM X 1992 WA DEVELOP THE ENTREPRENEURIAL NETWORK OF THURSTON COUNTY AND SUPPORT BUSINESS LIFE-CYCLE. 10 10 14 10 0 0 2094459 863107 14316 43422 731 176 14620 82089 2124126 988794 1018945 24632 0 0 545781 607627 0 0 0 254359 574349 1819085 1206608 305041 -217814 773294 459422 413885 317827 359409 141595 X PROVIDE SERVICES THAT DEVELOP THE ENTREPRENEURIAL NETWORK OF THURSTON COUNTY AND SUPPORT THE ENTIRE BUSINESS LIFE-CYCLE FROM PLANNING, LAUNCHING, GROWING, TURN-AROUND & EXIT PLANNING. 0 0 185516 12133 47615 LACEY MAKERSPACE: LACEY MAKERSPACE PROGRAM PROVIDED COMMUNITY ACCESS TO HIGH TECH FABRICATION TOOLS AND TRAINING. THE PROGRAM FOSTERS INNOVATION AND CREATIVITY IN THE SOUTH SOUND REGION OF WASHINGTON. 245667 0 77896 WASHINGTON CENTER FOR WOMEN IN BUSINESS: PROVIDED TRAINING AND ASSISTANCE TO WOMEN LIVING IN THE STATE OF WASHINGTON TO START AND GROW SUCCESSFUL BUSINESSES. 67595 0 0 SCALEUP TRAINING IS A 3-PART PROGRAM FOR BUSINESSES THAT WANT GREATER PROFITABILITY AND GROWTH. CBI PROVIDED TRAINING, TECHNICAL ASSISTANCE, REFERRAL AND OTHER RESOURCES TO GROWTH-ORIENTED BUSINESSES TO PROMOTE EXPANSION AND JOB CREATION. 433499 12500 0 ECONOMIC RECOVERY AND OTHER PROGRAM SERVICES 433499 12500 0 932277 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 X MICHAEL CADE 3604646320 4220 6TH AVE SE LACEY WA 98503 MICHAEL CADE EXECUTIVE DIRECTOR 10.00 45.00 X 0 180601 21755 JESSICA JENSEN PRESIDENT 0.25 0.50 X X 0 0 0 GRACE KENDALL VICE PRESIDENT 0.25 0.00 X X 0 0 0 VIRGIL CLARKSON TREASURER 0.25 0.00 X X 0 0 0 NOEL RUBADUE SECRETARY 0.25 0.00 X X 0 0 0 MARC DAILY DIRECTOR 0.25 0.50 X 0 0 0 YEN HUYNH DIRECTOR 0.25 0.50 X 0 0 0 NANCY LAPOINTE PRESIDENT-ELECT 0.25 0.00 X 0 0 0 KEVIN LENEKER DIRECTOR 0.25 0.00 X 0 0 0 RENEE SUNDE DIRECTOR 0.25 0.00 X 0 0 0 TODD WHITLEY DIRECTOR 0.25 0.00 X 0 0 0 0 180601 21755 0 0 1 0 0 2000 840654 20453 863107 LACEY MAKER-SPACE 812900 43422 43422 43422 176 176 7478 3285 4193 4193 REIMBURSED EXPENSES 812900 77896 77896 77896 988794 125511 0 176 X 24632 24632 538976 346145 192831 4227 2556 1671 33278 19668 13610 31146 37920 -6774 5907 5907 439993 412157 27836 18431 18431 52805 48399 4406 16746 2946 13800 25318 24685 633 4416 4416 OTHER EXPENSES 5082 5082 DUES & SUBSCRIPTIONS 3352 2392 960 EVENT EXPENSE 2299 1279 1020 1206608 932277 274331 0 344838 219411 62037 1316 366419 238695 773294 459422 217789 314107 135000 3720 61096 0 413885 317827 X 359409 13039 128556 359409 141595 773294 459422 -217814 0 X X 0 1 X 1 1 1 X 699902 612316 494267 2094459 863107 4764051 699902 612316 494267 2094459 863107 4764051 4764051 3 15 29 731 176 954 36370 14620 77896 128886 4893891 77437 0.97350 0.98890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1006079 14000 14000 992079 -3285 -3285 988794 1223893 14000 3285 17285 1206608 0 1206608 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE ARE NO TAX POSITIONS FOR WHICH THE DEDUCTIBILITY IS CERTAIN BUT FOR WHICH THERE IS UNCERTAINTY REGARDING THE TIMING OF SUCH DEDUCTIBILITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN REVENUE -3,285. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN REVENUE 3,285. 0 0 0 0 0 0 0 0 0 MICHAEL CADE EXECUTIVE DIRECTOR 0 159601 0 21000 0 0 0 4875 0 16880 0 202356 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S PAYROLL IS PAID BY A RELATED PARTY. THE EXECUTIVE COMMITTEE PROVIDES THE REVIEW OF THE EXECUTIVE DIRECTOR. THE PRESIDENT AND PRESIDENT ELECT DELIVERS THE REVIEW AND HAS 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 INDEPTH REVIEW ANNUALLY. A FORMAL REVIEW OCCURRED IN 2021. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE PRESIDENT, PRESIDENT-ELECT AND VICE PRESIDENTS. THE EXECUTIVE COMMITTEE SHALL EXERCISE THOSE POWERS AND DUTIES DEEMED BY IT TO BE NECESSARY IN THE PRUDENT MANAGEMENT OF THE AFFAIRS OF THE COUNCIL WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, NOT INCONSISTENT WITH THE ACTIONS TAKEN OR POLICIES ESTABLISHED BY THE BOARD OF DIRECTORS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE SUBJECT TO REVIEW, APPROVAL OR OVERRULE, BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S INDEPENDENT CPA WITH INFORMATION PROVIDED BY MANAGEMENT. THE BOARD PRESIDENT AND TREASURER REVIEW FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN OUR PERSONNEL POLICIES AND OUR BYLAWS. IT COVERS BOARD MEMBERS AND EMPLOYEES. WE MONITOR IT THROUGH THE BOARD ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAYROLL IS PAID BY A RELATED PARTY. THE EXECUTIVE COMMITTEE PROVIDES THE REVIEW OF THE EXECUTIVE DIRECTOR. THE PRESIDENT AND PRESIDENT ELECT DELIVERS THE REVIEW AND HAS 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 INDEPTH REVIEW ANNUALLY. A FORMAL REVIEW OCCURRED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 POLICIES, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL & CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 412,157. MANAGEMENT AND GENERAL EXPENSES 27,836. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 439,993. FORM 990, PART XII, LINE 2C THE PROCESS FOR SELECTING THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. THURSTON COUNTY ECONOMIC DEVELOPMENT COUNCIL 4220 6TH AVE SE LACEY WA 98503 911183169 TO PROMOTE AND INCREASE SUSTAINABLE ECONOMIC, INVESTMENT AND EMPLOYMENT WA 501(C)(4) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THURSTON COUNTY ECONOMIC DEVELOPMENT COUNCIL P 197597 SHARED COSTS