Executive Development Institute
- Assets
- $38.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynnwood, WA
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 91-2166233
Organization Overview
Executive Development Institute is located in Lynnwood, WA. The organization was established in 2002. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Executive Development Institute 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 12/2022, Executive Development Institute generated $18.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (51.9%) each year. All expenses for the organization totaled $82.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDI PROVIDED PROGRSSIONAL DEVELOPMENT LEADERSHIP TRAINING THROUGH IT'S LEADERSHIP NAVIGATION PROGRAM OFFERED EVERY OTHER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florexis Velasco Executive Director (until 8/2022) | 40 | $21,876 | |
Barney Herrera President | 2 | $0 | |
Ouma Chanthamaly Vice President/secretary | 2 | $0 | |
Shogo Tsuru Treasurer | 2 | $0 | |
Michelle Drager Director | 1 | $0 | |
Kin Luu Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,252 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,255 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,484 |
| Professional fees and other payments to independent contractors | $26,375 |
| Occupancy, rent, utilities, and maintenance | $1,180 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,012 |
| Total expenses | $82,051 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,077 |
| Other assets | $0 |
| Total assets | $38,077 |
| Total liabilities | $10,075 |
| Net assets or fund balances | $28,002 |