Cowlitz Economic Development Council

Organization Overview

Cowlitz Economic Development Council is located in Longview, WA. The organization was established in 1982. 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 12/2022, Cowlitz Economic Development Council employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cowlitz Economic Development Council is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2022, Cowlitz Economic Development Council generated $346.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $381.2k during the year ending 12/2022. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FOSTER GROWTH IN THE COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

FACILITATE JOB CREATION AND MANAGE GROWTH IN THE COMMUNITY BY RECRUITING NEW EMPLOYERS TO THE AREA, WORKING WITH EXISTING EMPLOYERS AND OVERALL BUSINESS AND INFRASTRUCTURE DEVELOPMENT. THE CEDC CONTINUED TO WORK ON A VARIETY OF PROJECTS AND PROGRAMS INVOLVING THE PUBLIC AND PRIVATE SECTOR. DURING 2022, THE CEDC CONTINUED TO WORK ON CONTRACTS WITH THE WASHINGTON STATE DEPARTMENT OF COMMERCE, SW WASHINGTON COMMUNITY FOUNDATION AND HAS PARTNERSHIPS WITH ALL THREE COWLITZ COUNTY PORTS AND ALL FIVE MUNICIPALITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Edward Sprague
President
$150,683
See Attachment
Directors
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$176,347
Fundraising events$0
Related organizations$0
Government grants $50,000
All other contributions, gifts, grants, and similar amounts not included above$9,840
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$236,187
Total Program Service Revenue$109,847
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$13
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $346,021

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