Washington Software Association
- Assets
- $969.9k
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 107
- Location
- Issaquah, WA
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 91-1427013
Organization Overview
Washington Software Association is located in Issaquah, WA. The organization was established in 1990. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Washington Software Association employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Software Association 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, Washington Software Association generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $7.0m during the year ending 12/2022. While expenses have increased by 12.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER A ROBUST, EQUITY-CENTERED TECHNOLOGY SECTOR THAT EMPOWERS THRIVING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 WASHINGTON TECHNOLOGY INDUSTRY ASSOCIATION (WTIA) HELPED MORE THAN 200 COMPANIES LAUNCH THEIR PRODUCTS AND RAISE MORE THAN $250M IN STARTUP FUNDING. IN ADDITION, WTIA WON A LONG-TERM CONTRACT WITH WA COMMERCE TO DRIVE GLOBAL LEADERSHIP IN BLOCKCHAIN AND QUANTUM COMPUTING FOR THE REGION. ALSO WTIA ESTABLISHED PUBLIC POLICY LEADERSHIP WITH A FOCUS ON EDUCATION AND IMPROVING ACCESS TO TECH CAREERS FOR ALL WASHINGTON STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Schutzler Chief Executive Officer | OfficerTrustee | 14 | $443,284 |
Dave Cotter Board Chair, Exec. Committee | OfficerTrustee | 0.5 | $0 |
Kristen Forecki Vice Chair, Exec. Committee | OfficerTrustee | 0.5 | $0 |
Ed Lazowska Director, Exec. Committee | Trustee | 0.5 | $0 |
Heather Redman Director, Exec. Committee | Trustee | 0.5 | $0 |
Arry Yu Director, Exec. Committee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $442,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,058,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,105 |
| Total Program Service Revenue | $355,349 |
| Investment income | $505,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,500,371 |
| 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 | $6,802,195 |
| 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. | $1,909,433 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,014,000 |
| Pension plan accruals and contributions | $51,618 |
| Other employee benefits | $419,636 |
| Payroll taxes | $269,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,305 |
| Fees for services: Accounting | $49,298 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,032,213 |
| Advertising and promotion | $174,380 |
| Office expenses | $73,728 |
| Information technology | $51,939 |
| Royalties | $0 |
| Occupancy | $32,962 |
| Travel | $188,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,561 |
| All other expenses | $16,770 |
| Total functional expenses | $6,957,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,814 |
| Savings and temporary cash investments | $49,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,735 |
| 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 | $162,558 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $227,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $969,897 |
| Accounts payable and accrued expenses | $711,412 |
| Grants payable | $0 |
| Deferred revenue | $546,114 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,557,526 |
| Net assets without donor restrictions | -$587,629 |
| 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 | $969,897 |
Grants Awarded
Over the last fiscal year, Washington Software Association has awarded $191,138 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ONE4ALL CHARITABLE FUND PURPOSE: To facilitate contributing process of charitable causes | $36,135 |
WTIA COLLABORATION INSTITUTE PURPOSE: To support the development of collaborative solutions for social problems | $155,003 |