Northwest Business Development Association
- Assets
- $5.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Spokane Valley, WA
- Founding
- 03/1984
- Data as of
- 09/2023
- EIN
- 91-1178785
Organization Overview
Northwest Business Development Association is located in Spokane Valley, WA. The organization was established in 1984. 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 09/2023, Northwest Business Development Association employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Business Development Association 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 09/2023, Northwest Business Development Association generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.9m during the year ending 09/2023. While expenses have increased by 0.9% 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 2018, Northwest Business Development Association has awarded 43 individual grants totaling $626,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BUSINESS GROWTH AND JOB CREATION AND JOB RETENTION BY PROVIDING QUALITY SMALL BUSINESS LOAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREATION OF JOB AND EMPLOYMENT OPPORTUNITIES IS ACCOMPLISHED BY ASSISTING SMALL BUSINESSES IN OBTAINING START-UP AND EXPANSION FINANCING VIA PROCESSING OF SBA LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aliza Seay President | OfficerTrustee | 40 | $152,922 |
Andrea Morgan Board Chair | Trustee | 1 | $0 |
Scott Bossom Vice Chair | Trustee | 1 | $0 |
Timothy E Szambelan Secretary/treasurer | Trustee | 1 | $0 |
Karen K Meek Director | Trustee | 1 | $0 |
Allen Schmelzer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,562,483 |
| Investment income | $4,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,669 |
| 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 | $3,693,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,360 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,913,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $226,346 |
| Payroll taxes | $166,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,016 |
| Fees for services: Accounting | $21,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,824 |
| Office expenses | $145,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,268 |
| Travel | $35,288 |
| 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 | $4,371 |
| Insurance | $24,245 |
| All other expenses | $24,017 |
| Total functional expenses | $2,945,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,378,740 |
| Savings and temporary cash investments | $1,763,036 |
| 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 | $61,942 |
| Net Land, buildings, and equipment | $1,709,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,153 |
| Total assets | $5,143,660 |
| Accounts payable and accrued expenses | $347,060 |
| Grants payable | $0 |
| Deferred revenue | $230,153 |
| 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 | $577,213 |
| Net assets without donor restrictions | $4,566,447 |
| 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 | $5,143,660 |
Grants Awarded
Over the last fiscal year, Northwest Business Development Association has awarded $95,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILIAS EN ACCION PURPOSE: To support small business growth | $10,000 |
SCORE CENTRAL OREGON CHAPTER PURPOSE: To support small business growth | $6,500 |
SEATTLE SCORE CHAPTER 55 PURPOSE: To support small business growth | $10,000 |
SCORE SPOKANE - CHAPTER 180 PURPOSE: To support small business growth | $6,500 |
SCORE PORTLAND CHAPTER PURPOSE: To support small business growth | $7,000 |
AUTO REPAIR REVOLUTION PURPOSE: To support small business growth | $25,000 |