Pacific County Economic Development Council
- Assets
- $240.2k
- Revenue
- $208.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Long Beach, WA
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 91-1238922
Organization Overview
Pacific County Economic Development Council is located in Long Beach, WA. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Pacific County Economic Development Council employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific County Economic Development Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Pacific County Economic Development Council generated $208.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $200.5k during the year ending 12/2022. While expenses have increased by 4.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PACIFIC COUNTY ECONOMIC DEVELOPMENT COUNCIL (PCEDC) IS TO SUPPORT AND PROMOTE POLICIES AND ACTIVITIES WHICH CONTRIBUTE TO PACIFIC COUNTYS ECONOMIC VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGED IN ACTIVITIES TO FOSTER ECONOMIC DEVELOPMENT IN THE PACIFIC COUNTY AREA AND TO RECEIVE, ADMINISTER AND EXPEND FUNDS FOR SUCH PURPOSE IN COMPLIANCE WITH THE REVISED CODE OF WASHINGTON, TITLE 24 AND OTHER REGULATIONS. ACCORDING TO THE ORGANIZATIONS AMENDED BYLAWS DATED 11/03/17 "THE PURPOSE OF THE ORGANIZATION IS TO DEFINE, SUPPORT AND PROMOTE POLICIES AND ACTIVITIES WHICH CONTRIBUTE TO THE ECONOMIC STABILITY AND GROWTH OF PACIFIC COUNTY. SUCH ACTIVITIES MAY INCLUDE, BUT SHALL NOT BE LIMITED TO: (A) ASSIST BUSINESS ESTABLISHMENT, EXPANSION, DIVERSIFICATION, AND RETENTION. (B) INFORM AGENCIES AND THE PUBLIC ON THE ATTRIBUTES OF A HEALTHY ECONOMY AND EFFECTIVE BUSINESS MANAGEMENT. (C) PROMOTE PUBLIC POLICIES WHICH WILL ENCOURAGE AND GIVE ORDERLY DIRECTION TO ECONOMIC DEVELOPMENT. (D) ENGAGE COLLABORATIVELY WITH OTHER BUSINESS DEVELOPMENT ORGANIZATIONS."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Demase As Port Of Ilwaco Manag Trustee Of Board | Trustee | 0 | $0 |
Jim Sayce Vice President Of Board | Trustee | 0 | $0 |
Frank Wolfe Trustee Of Board | Trustee | 0 | $0 |
Jay Personius Trustee Of Board | Trustee | 0 | $0 |
Mike Cassinelli Treasurer Of Board | Trustee | 0 | $0 |
Jeanne Brooke President Of The Board | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,277 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,102 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| 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 | $208,126 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $61,756 |
| Other salaries and wages | $46,086 |
| Pension plan accruals and contributions | $4,870 |
| Other employee benefits | $15,885 |
| Payroll taxes | $9,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,328 |
| Fees for services: Accounting | $1,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,126 |
| Office expenses | $9,542 |
| Information technology | $6,385 |
| Royalties | $0 |
| Occupancy | $5,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $518 |
| Conferences, conventions, and meetings | $40 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,617 |
| All other expenses | $5,393 |
| Total functional expenses | $200,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,918 |
| Savings and temporary cash investments | $33,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,000 |
| 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 | $240,210 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $206,918 |
| Net assets with donor restrictions | $33,292 |
| 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 | $240,210 |