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San Juan County Economic Development Council EIN 41-2067708

San Juan County Economic Development Council

EIN  41-2067708 Business league / trade association Friday Harbor, WA
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Size
$100K–1M
What they do
Supports rural businesses, creates jobs, and strengthens the economy for island families.
Leadership
Victoria Compton · Executive Di · $123K
Money in and out
$514K revenue, $509K expenses
Bottom line
+1% operating surplus

Supports rural businesses, creates jobs, and strengthens the economy for island families. For fiscal year 2024 it reported $514K in revenue, $509K in expenses, and $294K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$514K
Pt VIII · Ln 12
Total expenses
$509K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.07 Fundraising $0.05
Operating surplus
+1%
revenue over expenses▲ +113% vs prior filing year
Earned revenue
1%
of revenue from program services & dues▼ -1% vs prior filing year
Payroll share
70%
of spending is salaries & benefits▼ -17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$514K
FY2024▲ +25%
Expenses
$509K
FY2024▲ +15%
Total assets
$328K
FY2024▼ -24%
Total liabilities
$34K
FY2024▼ -77%
Total revenue
$514K
Pt VIII · Ln 12
Total expenses
$509K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$328K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $449K of program spending, described in the organization's own filed words · FY2024.
01

Provided business programs for lopez, orcas and san juan islands. Tracked economic (all business categories) trends for san juan county, washington and related meetings and communications. Organized trades and tech training opportunities.

$449Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSan Juan County Economic Development Council
EINHdr · item D41-2067708
Principal addressHdr · item CFriday Harbor, WA
WebsiteHdr · item Jwww.sanjuansedc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFAug 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Victoria Compton
Executive Di
$122,812Pt VII · Sec A
Anji Ringzin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Madsen
Vice Preside
$0Pt VII · Sec A

Victoria Compton’s $123K as Executive Di is at the 83rd percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Victoria Compton$122,812$114,471$103,967—
Victoria E Compton———$93,135

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See San Juan County Economic Development Council executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$496K · 96%
Investment income$12K · 2%
Program service revenue$7K · 1%
Contributions & grants96%$496K
Investment income2%$12K
Program service revenue1%$7K
— government grantsLn 1e$469K
Total revenueLn 12$514K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.07 Fundraising $0.05
Program services88%$449K
Management & general7%$36K
Fundraising5%$24K
Total functional expensesLn 25$509K

Balance Sheet

Part X · end of year
CashLn 1$327K
Total assetsLn 16$328K
Total liabilitiesLn 26$34K
Total net assetsLn 32$294K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $327K · Operating expenses/yr $509K
7.7 months
Where the money goes
Program services
Program services $449K · Total expenses $509K
88%
Management & General
Management & general $36K · Total expenses $509K
7%
Fundraising
Fundraising $24K · Total expenses $509K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $49K
$0.45 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $496K · Total revenue $514K
96%
Government reliance
Government grants $469K · Total revenue $514K
91%
Earned-income share
Program service revenue $7K · Total revenue $514K
1%
Investment reliance
Investment income $12K · Total revenue $514K
+2%
Program self-sufficiency
Program service revenue $7K · Total expenses $509K
1%
Growth & trend
Revenue growth (YoY)
This year $514K · Prior year $410K
+25%
Revenue CAGR
FY2020 $1.2M · FY2024 $514K
-19%
Net-asset trend (YoY)
End of year $294K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $514K · Expenses $509K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $328K
—
Net-asset ratio
Net assets $294K · Total assets $328K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $328K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Victoria Compton · Reported title EXECUTIVE DI · Highest reported compensation $123K · Total expenses $509K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $357K · Total expenses $509K
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 7%——
Fundraising cost ratio 5%——
Revenue growth 25%——
Legal fee ratio 0%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Washington State Microenterprise AssociationFY2024$20K
PeacehealthFY2024$14K
Orcas Island Community FoundationFY2024$6K
Total grants receivedfrom 3 funders$40K
See all 3 funders →
Grants paid · 73 grants · $447K · 2020–2020
Orcas Family Resource CenterFY2020$18,875
Sji Family Resource CenterFY2020$18,875
Lopez Is Family Resource Center FooFY2020$15,000
Orcas Island Food BankWA · FY2020$15,000
Senior Services Council of SjcFY2020$15,000
Orcas AdventuresFY2020$10,000
Dockside TreasuresFY2020$10,000
Morco INCFY2020$10,000
San Juan TransportFY2020$10,000
Wilson ConstructionFY2020$10,000
Printonyx INCFY2020$10,000
Girl Meets DirtFY2020$10,000
M&w Auto INCFY2020$10,000
Island StudiosFY2020$10,000
The Market ChefFY2020$10,000
San Juan BistroFY2020$10,000
Vinnys RestauranteFY2020$10,000
Cactus Tree INC DBA Mi CasitaFY2020$10,000
See all 73 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$514K revenue · viewing · ⤓ 990 PDF
FY2023$410K revenue · ⤓ 990 PDF
FY2022$441K revenue · ⤓ 990 PDF
FY2021$514K revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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