University District Development Association
- Assets
- $227.6k
- Revenue
- $377.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Spokane, WA
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 91-1973749
Organization Overview
University District Development Association is located in Spokane, WA. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, University District Development Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University District 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 12/2021, University District Development Association generated $377.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $360.1k during the year ending 12/2021. While expenses have increased by 14.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY DISTRICT IS DEDICATED TO SUPPORTING COMMUNITY ECONOMIC PROSPERITY, LIFE SCIENCES RESEARCH AND COMMERCIALIZATION, WORLD-CLASS HEALTH EDUCATION, SMART URBAN GROWTH AND FUTURE CITY DESIGN, HISTORIC PRESERVATION, TRANSPORTATION IMPROVEMENTS, ENVIRONMENTAL SUSTAINABILITY, COMMUNITY BUILDING AND CULTURAL RICHNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY DISTRICT IS ONE OF THE FASTEST GROWING URBAN AREAS IN THE INLAND NORTHWEST. PRIVATE AND PUBLIC INVESTMENTS ARE SPURRING ECONOMIC DEVELOPMENT, BRINGING TOGETHER RESEARCH INSTITUTIONS, COMMERCIAL ACTIVITIES AND INTELLECTUAL CAPITAL TO DRIVE DEMAND FOR SPACE, SERVICES AND INFRASTRUCTURE. IN RESPONSE, THE UNIVERSITY DISTRICT OFFERS A DIVERSE MIX OF HIGH-QUALITY DEVELOPMENT OPTIONS AND, TOGETHER WITH THE STATE AND THE CITY OF SPOKANE, PROVIDES ACCESS TO VALUABLE DEVELOPER INCENTIVES SUCH AS PARTNERSHIP ASSISTANCE AND TARGETED AREA REDEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lars G Gilberts Former CEO | Officer | 40 | $62,026 |
Juliet Sinisterra Interim CEO | OfficerTrustee | 40 | $16,615 |
Bill Bouten Secretary | OfficerTrustee | 1 | $0 |
Lindsey Myhre Chair | OfficerTrustee | 1 | $0 |
Cindy Leaver Past Chair | OfficerTrustee | 1 | $0 |
Dr David O'brien Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,192 |
| Total Program Service Revenue | $151,500 |
| Investment income | $92 |
| 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 | $377,784 |
| 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. | $65,552 |
| Compensation of current officers, directors, key employees. | $65,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,599 |
| Pension plan accruals and contributions | $3,875 |
| Other employee benefits | $10,116 |
| Payroll taxes | $14,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,541 |
| 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 | $7,488 |
| Office expenses | $5,116 |
| Information technology | $3,710 |
| Royalties | $0 |
| Occupancy | $7,962 |
| Travel | $2,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $864 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,322 |
| All other expenses | $120 |
| Total functional expenses | $360,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,594 |
| 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 | $227,578 |
| Accounts payable and accrued expenses | $22,979 |
| 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 | $22,979 |
| Net assets without donor restrictions | $204,599 |
| 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 | $227,578 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that University District Development Association has recieved totaling $33,267.
| Awarding Organization | Amount |
|---|---|
Providence Health & Services Washington Renton, WA PURPOSE: SPONSORSHIP | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,750 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: UNIVERSITY DISTRICT SERV (STABILIZATION, EQUITY, R | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Idaho Council Of Governments Pocatello, ID | $3,930,475 | $5,896,264 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Linn Economic Development Group Albany, OR | $31,589,789 | $17,862,142 |
Fly Sun Valley Alliance Inc Ketchum, ID | $3,221,686 | $1,660,297 |
Rainier Valley Community Development Fund Seattle, WA | $31,147,402 | $2,128,403 |
Idaho Freedom Foundation Inc Boise, ID | $1,060,200 | $895,196 |
Albina Vision Inc Portland, OR | $1,749,846 | $2,276,354 |
Malheur Watershed Council Ontario, OR | $174,381 | $754,956 |
Northwest Minority Supplier Development Council Tukwila, WA | $1,329,089 | $1,211,694 |
West Seattle Junction Association Seattle, WA | $609,509 | $675,325 |
Block By Block Redmond, WA | $616,706 | $347,970 |
Fourth Plain Forward Vancouver, WA | $259,702 | $507,488 |