Columbia River Economic Development Council
- Assets
- $994.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Vancouver, WA
- Founding
- 03/1983
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Columbia River Economic Development Council generated $1.1m 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 (5.6%) each year. All expenses for the organization totaled $970.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 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
2021
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 2021, 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 $341.5 MILLION IN CAPITAL INVESTMENT AND APPROXIMATELY 2,082 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 | $156,500 |
Clinten Hendricks VP Business Developer | 40 | $103,570 | |
Mei Wu Vice Chair & Board Member | OfficerTrustee | 0 | $0 |
Lisa Dow Treasurer & Board Member | OfficerTrustee | 0 | $0 |
Lisa Lowe Chair & Board Member | OfficerTrustee | 0 | $0 |
Casey Wyckoff Past Chair & Board Member | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $681,250 |
| Fundraising events | $14,205 |
| Related organizations | $0 |
| Government grants | $347,231 |
| 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 | $1,042,686 |
| Total Program Service Revenue | $1,813 |
| 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 | $34,218 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,078,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $170,012 |
| Compensation of current officers, directors, key employees. | $170,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,709 |
| Pension plan accruals and contributions | $22,379 |
| Other employee benefits | $49,158 |
| Payroll taxes | $44,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $33,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $23,043 |
| Office expenses | $15,565 |
| Information technology | $24,776 |
| Royalties | $0 |
| Occupancy | $50,552 |
| Travel | $2,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,827 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,412 |
| Insurance | $3,117 |
| All other expenses | $500 |
| Total functional expenses | $970,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $808,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,998 |
| 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 | $13,754 |
| Net Land, buildings, and equipment | $32,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $994,106 |
| Accounts payable and accrued expenses | $26,578 |
| Grants payable | $0 |
| Deferred revenue | $58,100 |
| 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 | $84,678 |
| Net assets without donor restrictions | $909,428 |
| 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 | $994,106 |
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 |
|---|---|
4TH STREET BAR AND GRILL LLC PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $30,000 |
ADVISICON PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $30,000 |
BACK ALLEY BAR & GRILL PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $30,000 |
GROOVE NATION INC PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $30,000 |
BATTLE GROUND BAKERY & SWEETS PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $30,000 |
54-40 BREWING CO LLC PURPOSE: ASSISTANCE DURING COVID-19 PANDEMIC | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Columbia River Economic Development Council has recieved totaling $24,600.
| Awarding Organization | Amount |
|---|---|
Columbia Community Credit Union Vancouver, WA PURPOSE: SUPPORT FOR LOCAL ECONOMY GROWTH AND EDUCATION PROGRAMS THROUGH EVENT SPONSORSHIPS | $14,200 |
Credit Unions In The State Of Washington Olympia, WA PURPOSE: FUTURE LEADERS PROJECT | $10,400 |
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 |