Prosser Economic Development Association
- Assets
- $165.5k
- Revenue
- $174.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Prosser, WA
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 91-1419348
Organization Overview
Prosser Economic Development Association is located in Prosser, WA. The organization was established in 1992. 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 12/2023, Prosser Economic Development Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosser Economic 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 12/2023, Prosser Economic Development Association generated $174.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $210.7k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROSSER IS A CENTER OF EXCELLENCE FOR AGRICULTURE AND AGRI-TOURISM INDUSTRIES, PROVIDING A WEALTH OF EDUCATIONAL AND EXPERIENTIAL OPPROTUNITIES AS WELL AS A SOLID FOUNDATION FOR INDUSTRY RESEARCH, DEVELOPMENT, AND PRODUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSSER IS A CENTER OF EXCELLENCE FOR AGRICULTURE AND AGRI-TOURISM INDUSTRIES, PROVIDING A WEALTH OF EDUCATIONAL AND EXPERIENTIAL OPPORTUNITIES AS WELL AS A SOLID FOUNDATION FOR INDUSTRY RESEARCH, DEVELOPMENT AND PRODUCTION.
PROVIDE TRAINING AND EDUCATION FOR FUTURE COMMUNITY LEADERS THROUGH THE PROSSER LEADERSHIP AND GLOBAL ENTEREPREUNER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Ripplinger Executive Dir. | Officer | 40 | $71,412 |
John Markus Director | Trustee | 1 | $0 |
Keith Sattler Treasurer | OfficerTrustee | 1 | $0 |
Shannon Olsen Secretary | OfficerTrustee | 1 | $0 |
Josh Mott Past President | Trustee | 1 | $0 |
Brian Sollers President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,435 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,477 |
| Total Program Service Revenue | $165,550 |
| Investment income | $936 |
| 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 | $173,963 |
| 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. | $71,412 |
| Compensation of current officers, directors, key employees. | $7,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,484 |
| Pension plan accruals and contributions | $2,101 |
| Other employee benefits | $0 |
| Payroll taxes | $8,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,411 |
| Travel | $631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $599 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,298 |
| All other expenses | $2,991 |
| Total functional expenses | $210,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,253 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $165,487 |
| Accounts payable and accrued expenses | $4,623 |
| 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 | $4,623 |
| Net assets without donor restrictions | $143,422 |
| Net assets with donor restrictions | $17,442 |
| 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 | $165,487 |