Columbia River Economic Development Council
- Assets
- $999.1k
- Revenue
- $999.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Vancouver, WA
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 91-1186305
Organization Overview
Columbia River Economic Development Council is located in Vancouver, WA. The organization was established in 1983. 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, Columbia River Economic Development Council employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia River 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, Columbia River Economic Development Council generated $999.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $970.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Columbia River Economic Development Council has awarded 216 individual grants totaling $4,748,634. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CREATION OF JOBS AND THE STIMULATION OF CAPITAL INVESTMENT IN SOUTHWEST WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL (CREDC) CONTINUED TO PROVIDE SERVICE CONTRACTS, CONSULTING STUDIES, AND RESEARCH AND REPORTS FOR VARIOUS PRIVATE AND MUNICIPAL ENTITIES LOCATED WITHIN CLARK COUNTY, WASHINGTON AND THE GREATER PORTLAND REGION. THROUGH BUSINESS RETENTION, RECRUITMENT AND ENTREPRENEURIAL SUPPORT, CREDC PROMOTES JOB CREATION AND CAPITAL INVESTMENT IN THE LOCAL AREA. PROJECT IMPACT INCLUDED 12 RECRUITMENT AND EXPANSION WINS RESULTING IN $551.7 MILLION IN CAPITAL INVESTMENT AND APPROXIMATELY 890 NEW AND RETAINED JOBS IN CLARK COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Baker President & Board Member | OfficerTrustee | 40 | $156,000 |
Mei Wu Chair & Board Member | OfficerTrustee | 0 | $0 |
Alan Hwang Vice Chair & Board Member | OfficerTrustee | 0 | $0 |
Lisa Dow Treasurer & Board Member | OfficerTrustee | 0 | $0 |
Alan Garcia Secretary & Board Member | OfficerTrustee | 0 | $0 |
Lisa Lowe Past Chair & Board Member | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $660,984 |
| Fundraising events | $32,710 |
| Related organizations | $0 |
| Government grants | $273,492 |
| 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 | $967,186 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,271 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $999,460 |
| 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. | $169,530 |
| Compensation of current officers, directors, key employees. | $169,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $419,963 |
| Pension plan accruals and contributions | $19,320 |
| Other employee benefits | $49,858 |
| Payroll taxes | $43,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,547 |
| Advertising and promotion | $19,913 |
| Office expenses | $12,950 |
| Information technology | $26,286 |
| Royalties | $0 |
| Occupancy | $59,918 |
| Travel | $17,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,166 |
| Insurance | $2,921 |
| All other expenses | $216 |
| Total functional expenses | $970,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,884 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,480 |
| 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 | $15,835 |
| Net Land, buildings, and equipment | $20,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $999,095 |
| Accounts payable and accrued expenses | $35,093 |
| Grants payable | $0 |
| Deferred revenue | $25,548 |
| 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 | $60,641 |
| Net assets without donor restrictions | $938,454 |
| 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 | $999,095 |
Grants Awarded
Over the last fiscal year, Columbia River Economic Development Council has awarded $3,246,033 in support to 196 organizations.
| Grant Recipient | Amount |
|---|---|
CAFFE PICCOLO (COFFEE 247) PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $10,000 |
COLAB PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $10,000 |
DOPPELGANGER STYLE LLC PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $10,000 |
ERIC RUNYAN JEWELERS PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $10,000 |
ESTHETIC THERAPY DBA ACNE TREAT CTR PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $10,000 |
EXTRA MILE AUTOMOTIVE PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $10,000 |