Washington State Microenterprise Association

Organization Overview

Washington State Microenterprise Association, operating under the name Wsma, is located in Olympia, WA. The organization was established in 2007. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Wsma employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wsma 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 12/2022, Wsma generated $821.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $809.6k during the year ending 12/2022. While expenses have increased by 33.9% per year over the past 4 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 2019, Wsma has awarded 97 individual grants totaling $2,606,047. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO STRENGTHEN ECONOMIC DEVELOPMENT SYSTEMS THAT SUPPORT THE GROWTH OF STRONG AND EFFECTIVE MICROENTERPRISE DEVELOPMENT ORGANIZATIONS. WE DO THIS THROUGH: BUILDING A COALITION OF ORGANIZATIONS, AGENCIES AND INDIVIDUALS... SEE SCHEDULE O LINE 3 FOR ENTIRE STATEMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES CAPACITY BUILDING, NETWORKING AND GRANTS TO MICROENTERPRISE DEVELOPMENT ORGANIZATIONS (MDOS) THAT SUPPORT BUSINESSES WITH FIVE OR FEWER EMPLOYEES THROUGHOUT WASHINGTON STATE.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Smith
Executive Director
$110,328
Jim Keogh
Vice President
$0
David Gilbreath
Treasurer
$0
Janice Fejarang
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $821,289
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$821,289
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $821,289

Grants Awarded

Over the last fiscal year, Washington State Microenterprise Association has awarded $449,057 in support to 23 organizations.

Grant RecipientAmount

ALLIANCE 2005

PURPOSE: MICROENTERPRISE DEVELOPMENT

$25,000

BUSINESS IMPACT NORTHWEST

PURPOSE: MICROENTERPRISE DEVELOPMENT

$30,000

CARING WITH COMPASSION COMMUNITY

PURPOSE: MICROENTERPRISE DEVELOPMENT

$20,000

CENTER FOR INCLUSIVE ENTREPRENEURSH

PURPOSE: MICROENTERPRISE DEVELOPMENT

$20,000

CENTRO DE SERVICIOS COMUNITARIOS

PURPOSE: MICROENTERPRISE DEVELOPMENT

$30,000

COWLITZ ECONOMIC DEVEL COUNCIL

PURPOSE: MICROENTERPRISE DEVELOPMENT

$5,000
View Grant Profile

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