San Juan County Economic Development Council EIN 41-2067708 Form 990 (PDF) Claim this org

San Juan County Economic Development Council FY2022 filing

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Supports rural businesses, creates jobs, and strengthens the economy for island families. For fiscal year 2022 it reported $441K in revenue, $381K in expenses, and $311K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Friday Harbor, WA
Website
www.sanjuansedc.org
Filings
5 on file (2020–2022)
Revenue
$441KFY2022
Expenses
$381K
Net assets
$311K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-2067708 Business league / trade association Friday Harbor, WA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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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 · $104K
Money in and out
$441K revenue, $381K expenses
Bottom line
+14% operating surplus
Membership & operating revenue · FY2022
Total revenue
$441K
Pt VIII · Ln 12
Total expenses
$381K
Pt IX · Ln 25
Net assets
$311K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.05 Fundraising $0.05
Operating surplus
+14%
revenue over expenses
Earned revenue
1%
of revenue from program services & dues
Payroll share
83%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$441K
FY2022▼ -14%
Expenses
$381K
FY2022▲ +8%
Total assets
$465K
FY2022▲ +10%
Total liabilities
$154K
FY2022▼ -7%
Total revenue
$441K
Pt VIII · Ln 12
Total expenses
$381K
Pt IX · Ln 25
Net assets
$311K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$465K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

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 1a10
Independent voting membersPt VI · Ln 1b10
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
Executive Di
$103,967Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $341K of program spending, described in the organization's own filed words · FY2022.
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.

$341Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$436K · 99%
Program service revenue$5K · 1%
Contributions & grants99%$436K
Program service revenue1%$5K
Investment income$24
— government grantsLn 1e$370K
Total revenueLn 12$441K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.05 Fundraising $0.05
Program services89%$341K
Management & general5%$20K
Fundraising5%$20K
Total functional expensesLn 25$381K

Balance Sheet

Part X · end of year
CashLn 1$464K
Total assetsLn 16$465K
Total liabilitiesLn 26$154K
Total net assetsLn 32$311K
Months of cash on handcomputed14.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $464K · Operating expenses/yr $381K
14.6 months
Where the money goes
Program services
Program services $341K · Total expenses $381K
89%
Management & General
Management & general $20K · Total expenses $381K
5%
Fundraising
Fundraising $20K · Total expenses $381K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $168K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $436K · Total revenue $441K
99%
Government reliance
Government grants $370K · Total revenue $441K
84%
Earned-income share
Program service revenue $5K · Total revenue $441K
1%
Investment reliance
Investment income $24 · Total revenue $441K
<0.01%
Program self-sufficiency
Program service revenue $5K · Total expenses $381K
1%
Growth & trend
Revenue growth (YoY)
This year $441K · Prior year $514K
-14%
Net-asset trend (YoY)
End of year $311K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $441K · Expenses $381K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $465K
Net-asset ratio
Net assets $311K · Total assets $465K
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $465K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Victoria Compton · Reported title EXECUTIVE DI · Highest reported compensation $104K · Total expenses $381K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $317K · Total expenses $381K
83%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 5%
Fundraising cost ratio 5%
Revenue growth -14%
Accounting fee ratio 3%

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
PeacehealthFY2024$14K
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 · ⤓ 990 PDF
FY2023$410K revenue · ⤓ 990 PDF
FY2022$441K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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