Edc Team Jefferson EIN 90-0675796

Edc Team Jefferson

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Improves economic well-being and quality of life through place-based activities. For fiscal year 2024 it reported $585K in revenue, $608K in expenses, and $271K in net assets.Pt I

Founded
2011
Type
Business league / trade association · Community Development
Location
Port Townsend, WA
Website
www.edcteamjefferson.org
Filings
4 on file (2021–2024)
Revenue
$585KFY2024
Expenses
$608K
Net assets
$271K
People
13
Filings
4
Updates
0
More identity details & actions ⌄
EIN  90-0675796 Business league / trade association Port Townsend, WA Founded 2011
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves economic well-being and quality of life through place-based activities.
Leadership
Cynthia Brooks · Executive Director · $115K
Money in and out
$585K revenue, $608K expenses
Bottom line
-4% operating surplus
Membership & operating revenue · FY2024
Total revenue
$585K
Pt VIII · Ln 12
Total expenses
$608K
Pt IX · Ln 25
Net assets
$271K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Operating surplus
-4%
revenue over expenses▼ -163% vs prior filing year
Earned revenue
0.9%
of revenue from program services & dues▼ -63% vs prior filing year
Payroll share
67%
of spending is salaries & benefits▲ +2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$585K
FY2024▲ +19%
Expenses
$608K
FY2024▲ +32%
Total assets
$303K
FY2024▼ -9%
Total liabilities
$32K
FY2024▼ -16%
Total revenue
$585K
Pt VIII · Ln 12
Total expenses
$608K
Pt IX · Ln 25
Net assets
$271K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$303K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $465K of program spending, described in the organization's own filed words · FY2024.
01

EDC Team Jefferson meets its commitment to the WA State Department of Commerce by providing business technical support, basic economic data, and community outreach. The organization has implemented programming for the federal Recompete grant and won and executed a grant through the Washington State Microenterprise Association this year…

$465Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEdc Team Jefferson
EINHdr · item D90-0675796
Principal addressHdr · item CPort Townsend, WA
WebsiteHdr · item Jwww.edcteamjefferson.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFAug 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 Director
$114,967Pt VII · Sec A
Preisdent
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cynthia Brooks’s $115K as Executive Director is at the 80th percentile of top reported officer pay among 1711 $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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Cynthia Brooks$114,967$107,650$97,177
Brian Kuh$75,000
Brian Kuh$75,000

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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Statement of Revenue

Part VIII
Contributions & grants$571K · 98%
Program service revenue$6K · 1%
Investment income$8K · 1%
Contributions & grants98%$571K
Program service revenue1%$6K
Investment income1%$8K
— government grantsLn 1e$426K
Total revenueLn 12$585K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$465K
Management & general24%$143K
Total functional expensesLn 25$608K

Balance Sheet

Part X · end of year
CashLn 1$239K
Total assetsLn 16$303K
Total liabilitiesLn 26$32K
Total net assetsLn 32$271K
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $239K · Operating expenses (Pt IX) $608K · Less non-cash grants $16K · Cash operating expenses/yr $592K
4.8 months
Where the money goes
Program services
Program services $465K · Total expenses $608K
76%
Management & General
Management & general $143K · Total expenses $608K
24%
Fundraising
Fundraising $0 · Total expenses $608K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $106K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $571K · Total revenue $585K
98%
Government reliance
Government grants $426K · Total revenue $585K
73%
Earned-income share
Program service revenue $6K · Total revenue $585K
0.9%
Investment reliance
Investment income $8K · Total revenue $585K
+1%
Program self-sufficiency
Program service revenue $6K · Total expenses $608K
0.9%
Growth & trend
Revenue growth (YoY)
This year $585K · Prior year $493K
+19%
Revenue CAGR
FY2020 $242K · FY2024 $585K
+25%
Net-asset trend (YoY)
End of year $271K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $585K · Expenses $608K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $303K
Net-asset ratio
Net assets $271K · Total assets $303K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $303K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cynthia Brooks · Reported title Executive Director · Highest reported compensation $115K · Total expenses $608K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $405K · Total expenses $608K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Revenue growth 19%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$28K

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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$493K revenue · ⤓ 990 PDF
FY2023$454K revenue · ⤓ 990 PDF
FY2022$381K revenue · ⤓ 990 PDF
FY2021$242K 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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