2020-11-16T18:59:17-06:00 2019-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2019-01-01 911764008 SEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW SEAT 2063244330 1437 SOUTH JACKSON ST NO 201 SEATTLE WA 98144 JOE SKY-TUCKER CEO 2063244330 2020-11-16 1 ROGER A JONES CPA P01702335 4258891778 2020-11-02 4.4.42.74 2020-11-16 16:59:11 PS P B35408C71335379E9D2CC3FF0A1033BB2D4C386A 7C1D5EB2D4D3A699CCD24671D324174FB2D70807 2019 2021-01-29 14:40:06Z JOE SKY-TUCKER 1437 SOUTH JACKSON 201 SEATTLE WA 98144 2310123 0 X WWW.SEATTLECCD.COM X 1997 WA BUSINESS IMPACT NW GROWS BUSINESS THAT CREATE JOBS IN UNDERSERVED COMMUNITIES. 10 10 53 10 0 0 1127656 1454304 645642 749197 0 0 107516 106622 1880814 2310123 0 0 0 0 1205924 1429896 0 0 233534 640176 921739 1846100 2351635 34714 -41512 10554892 11530949 7787859 8805428 2767033 2725521 TO PROVIDE ECONOMIC DEVELOPMENT FINANCING TO SERVE THE NEEDS OF SMALL BUSINESSES IN THE STATE OF WASHINGTON THAT WOULD NOT QUALIFY FOR PRIVATE FINANCING UNDER CONVENTIONAL FINANCING CRITERIA. 0 0 1575170 775749 LOAN FUND ADMINISTRATION AS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) TO PROVIDE FINANCING AND MANAGEMENT ASSISTANCE PRIMARILY TO TARGETED BUSINESSES THAT WOULD OTHERWISE NOT BE ABLE TO RECEIVE FINANCING UNDER CONVENTIONAL METHODS. 1575170 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 18 0 1 53 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOE SKY-TUCKER 2063244330 1437 SOUTH JACKOSN 201 SEATTLE WA 98144 PHIL JONES BOARD CHAIRMAN 1.00 X 0 0 0 JESSICA ENZI BOARD VICE-CHAIR 0.50 X 0 0 0 TOM BERQUIST DIRECTOR 0.50 X 0 0 0 MARCUS HARJANI DIRECTOR 0.50 X 0 0 0 HEYWARD WATSON DIRECTOR 0.50 X 0 0 0 LORRI WALLACE DIRECTOR 0.50 X 0 0 0 JOHN ZMOLEK TREASURER/SECRETARY 1.00 X 0 0 0 KRISTINA MARITCZAK DIRECTOR 0.50 X 0 0 0 COTE SOERENS DIRECTOR 0.50 X 0 0 0 PETER HA DIRECTOR 0.50 X 0 0 0 JOE SKY-TUCKER EXECUTIVE DIRECTOR 40.00 X 86896 0 10880 JULIANNA DUSO CHIEF COMPLIANCE OFFICER 40.00 X 34958 0 1886 DOMONIQUE JULEON VBOC DIRECTOR 40.00 X 66750 0 9448 DANNIELLE MOSER COMMUNICATION DIRECTOR 40.00 X 75521 0 11703 SUSAN PERREAULT WBC DIRECTOR 40.00 X 55500 0 4151 SUNIL NAIR SVP, CHIEF CREDIT OFFICER 40.00 X 46686 0 1146 FRISCH YING CONTROLLER 40.00 X 55917 0 0 WATTS OELRICH STEPHEN VBOC PROGRAM DIRECTOR 40.00 X 53562 0 0 475790 0 39214 0 0 0 0 0 1454304 38085 1454304 LOAN INTEREST 525990 636446 636446 LOAN FEES & OTHER CHAR 525990 112751 112751 749197 80070 0 80070 80070 80070 OTHER REVENUE 900099 26552 26552 26552 2310123 775749 0 80070 X 475790 324408 90737 60645 717070 488921 136750 91399 98110 67826 24148 6136 138926 95567 26328 17031 259395 120646 127680 11069 63209 15530 10498 37181 50557 32665 13566 4326 126415 104911 21504 56197 50859 5053 285 105586 104181 1405 69145 69145 LENDING EXPENSE 41419 29565 11516 338 MATCHING CONTRIBUTION 38085 30798 4587 2700 PRINTING 35976 16117 18595 1264 PROVISION FOR LOAN LOSS 34103 34103 41652 59073 -18581 1160 2351635 1575170 542931 233534 137639 409040 1941616 1254674 84220 271505 6783907 7953144 26552 16246 2152488 1040190 1178327 1112298 402631 514042 10554892 11530949 135202 109966 7483168 8340591 169489 354871 7787859 8805428 X 1424429 2661025 1342604 64496 2767033 2725521 10554892 11530949 -41512 0 X X 0 1 X 1 1 1 X 265012 876621 1024291 1127655 1454304 4747883 265012 876621 1024291 1127655 1454304 4747883 4747883 185 51776 73680 78600 80070 284311 3344 14607 29305 26552 73808 5106002 0.92990 0.92450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 528583 528583 1540850 962053 578797 83055 78137 4918 1112298 INTEREST PAYABLE 6989 ACCRUED LIABILITIES 26361 UNEARNED REVENUE 321521 354871 X 2310123 0 2310123 0 2310123 2351635 0 2351635 0 2351635 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED AND DISCLOSED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. X TECHNICAL ASSISTANCE 17 23258 FAIR MARKET VALUE X ADMIN & HR 4 10900 FAIR MARKET VALUE X FUNDRAISING 9 3927 FAIR MARKET VALUE 0 0 0 FORM 990, PART I, LINE 6 THE WOMEN'S BUSINESS CENTER HAS AN ADVISORY COMMITTEE THAT HELPS WITH FUNDRAISING AND SETTING THE STRATEGIC DIRECTION OF THE CENTER. THE ORGANIZATION HAS A VOLUNTEER BOARD OF DIRECTORS THAT PROVIDE STRATEGIC OVERSIGHT OF THE ORGANIZATION. WE ALSO HAVE VOLUNTEERS HELP US WITH OUR EVENTS, TRAININGS, AND OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE IS HANDLED BY THE BOARD OF DIRECTORS AS THEIR PURVIEW IS TO ENSURE THE ORGANIZATION IS FINANCIALLY SOLVENT. MANAGEMENT MAKES ALL OPERATIONAL DECISIONS IN ORDER TO ENSURE THE ORGANIZATION RUNS EFFICIENTLY AND TO THE STRATEGIC GOALS SET FORTH BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO BEFORE IT IS FILED WITH THE IRS; ALL BOARD MEMEBERS ARE GIVEN A COPY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE MANAGERS ARE REQUIRED TO DISCLOSE ANY AND ALL INVESTMENTS IN RELATED ENTITIES. FORM 990, PART VI, SECTION B, LINE 15 SALARY DECISIONS FOR THE CEO ARE MADE BY THE FULL BOARD, AND SALARY DECISIONS FOR 100% OF THE MANAGEMENT TEAM AND OFFICERS ARE MADE BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 COPY SENT TO SECRETARY OF STATE IN WASHINGTON AND ALSO AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL/PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 120,646. MANAGEMENT AND GENERAL EXPENSES 127,680. FUNDRAISING EXPENSES 11,069. TOTAL EXPENSES 259,395. FORM 990, PART XII, 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.