2018-11-15T13:15:55-06:00 2017-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2017-01-01 911764008 SEATTLE ECONOMIC DEVELOPMENT FUND BUSINESS IMPACT NW SEAT 2063244330 1437 SOUTH JACKSON ST NO 201 SEATTLE WA 98144 JOE SKY-TUCKER CEO 2063244330 2018-11-13 1 ROGER A JONES CPA P01702335 4258891778 2018-11-13 208.186.241.180 2018-11-13 13:06:48 PS P DB76E8880825B81D3678E5C6633D0A2ABC4FF312 BE724D484AE05375E95B6DA3E309BB5E61E422DC 2017 2019-02-21 02:37:17Z JOE SKY-TUCKER 1437 SOUTH JACKSON 201 SEATTLE WA 98144 1818397 0 X WWW.SEATTLECCD.COM X 1997 WA BUSINESS IMPACT NW GROWS BUSINESS THAT CREATE JOBS IN UNDERSERVED COMMUNITIES. 7 7 19 8 0 0 876622 1024291 696150 705819 0 0 55119 88287 1627891 1818397 0 0 0 0 883174 1051430 0 0 74220 599385 946586 1482559 1998016 145332 -179619 11155203 11588572 8069901 8782889 3085302 2805683 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 1361515 720426 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. 1361515 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 3 0 1 19 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 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 DIRECTOR 2.00 X 0 0 0 JOSEPHINE TAMAYO-MURRAY DIRECTOR 2.00 X 0 0 0 MICHAEL PAUL SECRETARY 2.00 X 0 0 0 TOM BERQUIST VICE PRESIDENT 2.00 X 0 0 0 DON SCHLOSSER DIRECTOR 2.00 X 0 0 0 MICHAEL VERCHOT DIRECTOR 2.00 X 0 0 0 HEYWARD WATSON DIRECTOR 2.00 X 0 0 0 MICHAEL VERCHOT DIRECTOR 2.00 X 0 0 0 JESSICA ENZI DIRECTOR 2.00 X 0 0 0 JOHN ZMOLEK DIRECTOR 2.00 X 0 0 0 KRISTINA MARITCZAK DIRECTOR 2.00 X 0 0 0 AHMED EL-ALOUDY DIRECTOR 2.00 X 0 0 0 AMANDA PUTNAM CO-EXECUTIVE DIRECTOR 21.70 X 45250 0 5449 JOE SKY-TUCKER CO-EXECUTIVE DIRECTOR 40.00 X 70507 0 4145 JOHN BERRY CHIEF LENDING OFFICER 40.00 X 82520 0 8659 JULIANNA DUSO WBC DIRECTOR 40.00 X 59170 0 3964 DOMONIQUE JULEON VBOC DIRECTOR 40.00 X 52388 0 4033 DANNIELLE MOSER COMMUNICATION DIRECTOR 28.30 X 43275 0 6150 353110 0 32400 0 0 0 0 0 1024291 48846 1024291 LOAN INTEREST 525990 635450 635450 LOAN FEES & OTHER CHAR 525990 70369 70369 705819 73680 0 73680 73680 73680 OTHER REVENUE 900099 14607 14607 14607 1818397 720426 0 73680 353109 268021 71160 13928 541788 411232 109186 21370 58803 46015 11212 1576 97730 76274 17145 4311 192181 40385 150383 1413 149776 92405 57371 39536 36308 3108 120 134330 134330 PROVISION FOR LOAN LOSS 145946 145946 GENERAL & ADMINSTRATIVE 132471 64534 36735 31202 MATCHING CONTRIBUTION 82093 18060 63733 300 LENDING EXPENSE 54402 15987 38415 15851 12018 3833 1998016 1361515 562281 74220 30599 59666 1544887 2087839 52411 3001 7340006 7653814 18703 16772 2142508 901979 1297946 1240529 870651 526951 11155203 11588572 42367 94673 7954988 8595584 72546 92632 8069901 8782889 X 2910302 2730683 175000 75000 3085302 2805683 11155203 11588572 X -179619 -100000 X X 0 0 1 1 1 X 15008 265012 876621 1024291 2180932 15008 265012 876621 1024291 2180932 2180932 14412 18709 185 51776 73680 158762 3344 14607 17951 2357645 0.92500 0.93640 X 528583 528583 1537734 831424 706310 76191 70555 5636 1240529 INTEREST PAYABLE 22856 ACCRUED LIABILITIES 43404 UNEARNED REVENUE 26372 92632 X 1818397 0 1818397 0 1818397 1998016 0 1998016 0 1998016 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 ADMIN & HR 2 30486 FAIR MARKET VALUE X TECHNICAL ASSISTANCE 19 18060 FAIR MARKET VALUE X FUNDRAISING 1 300 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO AND THE CONTROLLER BEFORE IT IS FILLED WITH THE IRS; ALL BOARD MEMBERS 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 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 XI, LINE 9: CHANGE IN TEMPORAILY RESTRICTED NET ASSETS -100,000. FORM 990, PART XII, 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.