Downtown Pasco Development Authority
- Assets
- $32.1k
- Revenue
- $601.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Pasco, WA
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 45-3169348
Organization Overview
Downtown Pasco Development Authority is located in Pasco, WA. The organization was established in 2013. 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 12/2021, Downtown Pasco Development Authority employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Pasco Development Authority 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 12/2021, Downtown Pasco Development Authority generated $601.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $733.5k during the year ending 12/2021. While expenses have increased by 21.1% per year over the past 7 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, Downtown Pasco Development Authority has awarded 13 individual grants totaling $110,382. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN AND DEVELOP DOWNTOWN PASCO AS A CENTER FOR CULTURE, BUSINESS, AND COMMUNITY SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS INCLUDE A FARMER'S MARKET TO PROVIDE FRESH HEALTHY FOOD WITH 55 VENDORS PROVIDING TO 1,000 WEEKLY ATTENDEES. THE PASCO SPECIALTY KITCHEN HELPS ENTREPRENEURS OPEN UP THEIR FOOD INDUSTRY TO BUSINESS, IN THE CURRENT YEAR 24 CLIENTS WERE SERVED. CINCO DE MAYO IS A COMMUNITY CELEBRATION TO BRING THE TRI-CITIES TOGETHER AND CELEBRATE WITH TRADITIONAL MEXICAN FOOD AND MUSIC WITH APPROXIMATELY 300 ATTENDEES EACH WEEKEND AND THE FINAL WEEKEND HAVING 1,200 ATTENDEES. FIERY FOODS IS AN EVENT WHERE COMMUNITY MEMBERS PUT THEIR BEST SALSA UP FOR COMPETITION AND WAS CANCELLED DUE TO COVID 19 SPIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gustavo Gutierrez Gomez Executive Director | Officer | 40 | $47,251 |
Jose Iniquez Secretary | OfficerTrustee | 4 | $0 |
Gabriel Portugal President | OfficerTrustee | 4 | $0 |
Claudia Tapia Treasurer | OfficerTrustee | 2 | $0 |
Thomas Holland Director | Trustee | 1 | $0 |
Alexia Estrada Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $221,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,284 |
| Total Program Service Revenue | $111,832 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$714 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,889 |
| Grants and other assistance to domestic individuals. | $65,372 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,251 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,973 |
| Fees for services: Accounting | $25,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,332 |
| Office expenses | $48,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,491 |
| Travel | $13,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,398 |
| Insurance | $14,587 |
| All other expenses | $434 |
| Total functional expenses | $733,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $449 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $29,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,084 |
| Accounts payable and accrued expenses | $4,918 |
| 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 | $0 |
| Total liabilities | $4,918 |
| Net assets without donor restrictions | $27,166 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $32,084 |
Grants Awarded
Over the last fiscal year, Downtown Pasco Development Authority has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LLANES BOUTIQUE PURPOSE: COVID-19 ASSISTANCE | $10,000 |
SALON MONTE CARLO PURPOSE: COVID-19 ASSISTANCE | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Downtown Pasco Development Authority has recieved totaling $370,005.
| Awarding Organization | Amount |
|---|---|
Group Health Foumdaiton Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $320,000 |
The Seattle Foundation Seattle, WA PURPOSE: VACCINATION EFFORTS IN DISPROPORTIONATELY IMPACTED COMMUNITIES | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Sound Economic Development Corporation Anchorage, AK | $393,228,467 | $59,416,266 |
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |