Washington Research Council
- Assets
- $234.4k
- Revenue
- $310.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Seattle, WA
- Founding
- 08/1933
- Data as of
- 12/2021
- EIN
- 91-0459840
Organization Overview
Washington Research Council is located in Seattle, WA. The organization was established in 1933. As of 12/2021, Washington Research Council employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Research Council 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, Washington Research Council generated $310.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $218.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT.TO PROVIDE TIMELY, CREDIBLE ECONOMIC RESEARCH AND POLICY ANALYSIS SUPPORTING ECONOMIC VITALITY AND PRIVATE SECTOR JOB CREATION. THE WASHINGTON RESEARCH COUNCIL IS THE STATE'S PREMIER BUSINESS-SUPPORTED RESEARCH ORGANIZATION. OPINION-LEADERS, BUSINESS OWNERS, AND LEGISLATORS RESPECT IT FOR ITS NONPARTISAN AND AUTHORITATIVE ANALYSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHES REPORTS ANALYZING POLICY ISSUES AFFECTING STATE AND LOCAL GOVERNMENT. PARTICIPATE IN PUBLIC/PRIVATE FORUMS TO PROVIDE INDEPENDENT ECONOMIC AND POLICY PERSPECTIVES. THE ORGANIZATION INFORMS COUNCIL MEMBERS, PUBLIC OFFICIALS AND MEDIA OF NEW PUBLICATIONS, WHICH ARE AVAILABLE ON THE COUNCIL'S WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Strege Neil Vice Chair | OfficerTrustee | 0.5 | $22,144 |
Johnson Kris Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Mcgrady Dan Chair | OfficerTrustee | 0.5 | $0 |
Ouellette Megan Board Member | Trustee | 0.5 | $0 |
Mclaughlin Tarah Board Member | Trustee | 0.5 | $0 |
Hellman Johan Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $270,652 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,952 |
| 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 | $309,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $22,144 |
| Compensation of current officers, directors, key employees. | $3,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,015 |
| Pension plan accruals and contributions | $7,627 |
| Other employee benefits | $24,680 |
| Payroll taxes | $11,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,572 |
| Advertising and promotion | $0 |
| Office expenses | $7,115 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24 |
| 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 | $1,452 |
| All other expenses | $0 |
| Total functional expenses | $218,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,362 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,362 |
| Accounts payable and accrued expenses | $409 |
| 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 | $409 |
| 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 | $233,953 |
| Total liabilities and net assets/fund balances | $234,362 |
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