2011-11-10T12:03:52-06:00 2010-12-31 LARSONALLEN LLP 3000 NORTHUP WAY SUITE 200 BELLEVUE WA 980041446 990 2010-01-01 911764008 SEATTLE ECONOMIC DEVELOPMENT FUND SEAT 2063244330 1437 S JACKSON STREET SEATTLE WA 98144 JAMES L THOMAS 2063244330 2011-10-11 1 JASON FILIPPINI 4252506100 2011-10-11 2010 2016-03-07 17:11:31Z JAMES L THOMAS 1907222 0 X N/A X 1997 WA TO ESTABLISH AN ENTITY TO PROVIDE FINANCING AND MANAGEMENT ASSISTANCE PRIMARILY TO TARGETED BUSINESSES THAT WOULD OTHERWISE NOT BE ABLE TO RECEIVE FINANCING UNDER CONVENTIONAL METHODS. 7 7 18 0 0 0 35000 1111400 724050 623939 0 0 102158 171883 861208 1907222 0 0 0 0 434027 174113 0 0 8628 2015455 892888 2449482 1067001 -1588274 840221 11063151 12127620 7048146 7272394 4015005 4855226 TO ESTABLISH AN ENTITY TO PROVIDE FINANCING AND MANAGEMENT ASSISTANCE PRIMARILY TO TARGETED BUSINESSES THAT WOULD OTHERWISE NOT BE ABLE TO RECEIVE FINANCING UNDER CONVENTIONAL METHODS. 0 0 881420 1907222 TO ESTABLISH AN ENTITY TO PROVIDE FINANCING AND MANAGEMENT ASSISTANCE PRIMARILY TO TARGETED BUSINESSES THAT WOULD OTHERWISE NOT BE ABLE TO RECEIVE FINANCING UNDER CONVENTIONAL METHODS. 881420 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 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 1 X 0 0 18 1 0 0 0 0 0 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 JAMES THOMAS 2063244330 1437 S JACKSON STREET SEATTLE WA 98144 RACHELE S CAWARING 1.00 X 0 0 0 MINA YOO 1.00 X 0 0 0 LISA FORREST 1.00 X 0 0 0 PATRICIA L ROGERS 1.00 X 0 0 0 CHARLES BLOOD 1.00 X 0 0 0 GEORGE STAGGERS 1.00 X 0 0 0 JOSEPHINE T MURRAY 1.00 X 0 0 0 JAMES THOMAS 40.00 X 14587 97222 0 14587 97222 0 0 0 0 0 0 986400 125000 1111400 INTEREST & PENALTY 522100 585259 585259 OTHER PROGRAM REVENUES 522100 38680 38680 623939 171883 171883 171883 171883 1907222 795822 0 0 14587 14587 76477 67428 8138 911 73804 54648 18418 738 9245 6846 2307 92 29694 21987 7410 297 14533 10761 3627 145 1697 1697 13423 9939 3350 134 10405 9249 1111 45 194161 194161 363065 271402 86652 5011 68259 50544 17034 681 2805 2077 700 28 BAD DEBTS 100736 100736 BUSINESS TAXES 43422 32152 10836 434 PROVISION FOR LOAN LOSS 22760 22760 LOAN EXPENSE 16774 16774 OTHER 7499 5553 1871 75 3655 2706 912 37 1067001 881420 176953 8628 636234 21918 99000 2190576 40100 9107 42067 8159452 7473850 1350 2047081 426635 1688706 1620446 469302 738663 11063151 12127620 11972 13813 7011541 7250017 24633 8564 7048146 7272394 X 4015005 3842362 1012864 4015005 4855226 11063151 12127620 840221 0 X 0 1 1 X 1 1 X 75000 48850 31250 35000 1111400 1301500 835923 810283 306072 724050 623939 3300267 910923 859133 337322 759050 1735339 4601767 0 0 0 4601767 117164 149730 54118 102158 171883 595053 117164 149730 54118 102158 171883 595053 1028087 1008863 391440 861208 1907222 5196820 0.88550 0.90900 0.11450 0.09100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 528583 528583 1456423 392883 1063540 62075 33752 28323 1620446 FORECLOSED REAL ESTATE ASSETS 275708 CERTIFICATE OF DEPOSIT FOR LOAN LOSS RESERVE 276400 RECEIVABLE FROM SEDA 186555 738663 INTEREST PAYABLE 5090 VACATION PAYABLE 3474 8564 1907222 1067001 840221 0 840221 1907222 0 1907222 0 1907222 1067001 0 1067001 0 1067001 SEDF IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. SEDF ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2010. TOPIC 740 CLAIRIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ORGANIZATIONS'S TAX POSITIONS AND CONCLUDED THAT SEDF HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. SEDF IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2007. EXPLANATION OF QUALIFIED HEALTH PLANS FORM 990, PART V, LINE 13A THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES (TOPIC 740) FOR THE YEAR ENDED DECEMBER 31, 2010. TOPIC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ORGANIZATIONS TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2007. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CEO AND THE CONTROLLER BEFORE IT IS FILED 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 COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT OFFICIALS IS REVIEWED AND APPROVED BY THE CCD EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 COPY SENT TO SECRETARY OF STATE IN WASHINGTON ALSO AVAILABLE UPON REQUEST SEATTLE BUSINESS ASSISTANCE CENTER 1437 S JACKSON STREET SEATTLE WA 98144 911763978 LOAN ASSISTANCE WA 501(C)(3) 170(B)(1)(A) NO 0 SEATTLE ECONOMIC DEVELOPMENT ASSOCIATION 1437 S JACKSON STREET SEATTLE WA 98144 911764025 FINANCIAL LOANS AND FINANCIAL ADVICE WA 501(C)(3) 170(B)(1)(A) NO 0 SPOKANE NEIGHBORHOOD ECONOMIC DEVELOPMENT ALLIANCE 29 W PACIFIC SEATTLE WA 98144 912002264 FINANCING AND MANAGEMENT ASSISTANCE WA 501(C)(3) 509(A)(2) NO 0 0 1 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 SEATTLE BUSINESS ASSISTANCE CENTER B 184427 CASH RECIEPTS SEATTLE ECONOMIC DEVELOPMENT ASSOCIATION B 178637 CASH RECIEPTS SEATTLE ECONOMIC DEVELOPMENT ASSOCIATION D 186555 CASH RECIEPTS SEATTLE BUSINESS ASSISTANCE CENTER I 70483 CASH RECIEPTS SEATTLE ECONOMIC DEVELOPMENT ASSOCIATION I 91000 CASH RECIEPTS SEATTLE BUSINESS ASSISTANCE CENTER N 14587 CASH RECIEPTS SEATTLE ECONOMIC DEVELOPMENT ASSOCIATION N 14587 CASH RECIEPTS