Lincoln County Economic Developmentcouncil
- Assets
- $482.7k
- Revenue
- $215.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Davenport, WA
- Founding
- 02/2008
- Data as of
- 06/2024
- EIN
- 20-4994743
Organization Overview
Lincoln County Economic Developmentcouncil is located in Davenport, WA. The organization was established in 2008. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Lincoln County Economic Developmentcouncil employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln County Economic Developmentcouncil is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Lincoln County Economic Developmentcouncil generated $215.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $286.6k during the year ending 06/2024. While expenses have increased by 10.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lincoln County Economic Developmentcouncil has awarded 43 individual grants totaling $335,520. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EXCLUSIVELY FOR SOCIAL WELFARE PURPOSES, SPECIFICALLY RELATED TO ECONOMIC DEVELOPMENT FOR LINCOLN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEMENT OF ACCOMPLISHMENTS FOR OUR TWO LARGEST PROGRAM SERVICES FOR 2023.2023 KEY PROGRAM 1: LINCOLN COUNTY EDC CONTINUED ITS PIVOTAL ROLE IN SUPPORTING AND ADVANCING THE BROADBAND INITIATIVE ACROSS ALL TOWNS IN LINCOLN COUNTY. THIS YEAR, THE EMPHASIS WAS PLACED ON SUPPORT WITH THE SECURING OF ESSENTIAL GRANT FUNDING TO ENSURE THE BROADBAND PROJECT COULD MOVE FORWARD. LINCOLN COUNTY EDC WORKED CLOSELY WITH LINCOLN COUNTY OFFICIALS TO FACILITATE A SEAMLESS TRANSITION OF PROJECT ADMINISTRATION. THIS WAS ACCOMPLISHED AND IS NOW BEING MANAGED BY LINCOLN COUNTY BROADBAND.2023 KEY PROGRAM 2: BUSINESS CREATION, RETENTION, AND EXPANSIONMANY ACTIVITIES PERFORMED BY THE EDC DIRECTLY OR INDIRECTLY BENEFIT THE LOCAL ECONOMY. A LARGE PORTION OF LINCOLN COUNTY IS NOW A FEDERAL OPPORTUNITY ZONE AND OFFERS TAX BENEFITS TO NEW BUSINESSES THAT OPEN THERE. THE EDC CONTRACTS WITH LINCOLN COUNTY TO PROMOTE OUR RECREATIONAL OPPORTUNITIES TO TOURISTS OUTSIDE OF THE COUNTY AND ENCOURAGE CAMPERS, BOATERS, FISHING ENTHUSIASTS, AND HOUSEBOAT VACATIONERS TO SPEND THEIR LEISURE TIME AND DISCRETIONARY INCOME HERE IN LINCOLN COUNTY. THE EDC USES SOCIAL MEDIA TO PROMOTE LOCAL BUSINESSES THROUGH PROJECTS LIKE OUR SHOP LOCAL FOR THE HOLIDAYS FACEBOOK EVENT. THE EDC MAINTAINS AVAILABLE COMMERCIAL PROPERTIES LISTS ON OUR WEBSITE AND ON THE WASHINGTON STATE DEPARTMENT OF COMMERCE WEBSITE TO HELP PLACE BUSINESSES IN EMPTY STOREFRONTS. THE EDC ALSO PROVIDES ONE-ON-ONE ASSISTANCE TO LINCOLN COUNTY BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Meats Executive Director | 40 | $58,152 | |
Dale Swant President | OfficerTrustee | 0 | $0 |
Rex Harder Director | Trustee | 0 | $0 |
Jamie Manchester Secretary | OfficerTrustee | 0 | $0 |
Brett Emmert Vice President | OfficerTrustee | 0 | $0 |
Ross Felice Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,000 |
| Total Program Service Revenue | $45,719 |
| Investment income | $5,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,523 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,986 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,440 |
| Compensation of current officers, directors, key employees. | $30,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,553 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,884 |
| Travel | $2,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,242 |
| All other expenses | $0 |
| Total functional expenses | $286,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,947 |
| Savings and temporary cash investments | $82,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $88,229 |
| Investments—publicly traded securities | $132,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $482,728 |
| Accounts payable and accrued expenses | $8,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,830 |
| Total liabilities | $13,686 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $469,042 |
| Total liabilities and net assets/fund balances | $482,728 |
Grants Awarded
Over the last fiscal year, Lincoln County Economic Developmentcouncil has awarded $80,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DAVENPORT SENIOR CENTER | | | $10,000 |
HARRINGTON CHAMBER OF COMM | | | $10,000 |
LC LOST & FOUND PETS | | | $10,000 |
ODESSA OLD TOWN HALL | | | $10,000 |
REARDAN COMMUNITY HALL | | | $10,000 |
LINCOLN COUNTY FIRE DIST 8 | | | $10,000 |