Quest for Economic Development: Nonprofit Profile, Financials & Form 990 (EIN 91-0747855)

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Garry Sparks

Chairman

$0Pt VII · Sec A

Jim Huffman

Secretary

$0Pt VII · Sec A

David Griffiths

Treasurer

$0Pt VII · Sec A

Jc Baldwin

Vice Chairman

$0Pt VII · Sec A

Debbie Knutsen

Member

$0Pt VII · Sec A

Kevin Vitulli

Member

$0Pt VII · Sec A

See Quest for Economic Development executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides loans to help local businesses grow and succeed.

Questions for Quest for Economic Development

Tap to ask. Quest for Economic Development sees how many people are interested.

Your first name shows with your question. Quest for Economic Development answers here, for everyone.

1 program · in their own filed words · FY2020

01

Revolving Loan Fund

financial and management assistance to existing and prospective businesses in Chelan and Douglas Counties in Washington State.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-0747855) · Dispute this line

Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $296K · 2020–2020

Ncw Tech AllianceWA · FY2020$295,770

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$9K

Ln 12

Other incomeLn 4–11$9K

Money outPt IX

$334K

Ln 25

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$9K

Total revenueLn 12$9K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$220K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$327K	$0
LiabilitiesLn 26	$2K	$0
Net assetsLn 32	$325K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$296K
Legal feesLn 11b	$1K
Accounting feesLn 11c	$3K
Office expensesLn 13	$6K
InsuranceLn 23	$2K
Other expenses (24a–d)Ln 24	$27K
Total functional expensesLn 25	$334K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS Jan 26, 2022	$9K	$334K	−$325K	$0	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $9,106 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $8,443$9,106

I-12 Total revenuePrior year $8,443$9,106

I-13 Grants and similar amounts paidPrior year $0$295,770

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,487$38,100

I-18 Total expensesPrior year $3,487$333,870

I-19 Revenue less expensesPrior year $4,956−$324,764

Part VI · Governance 6 of 6 board members independent, 3 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $9,106 across 2 lines filed

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,106$9,106

VIII-12 Total revenueRelated to mission $9,106 · Unrelated business $0 · Excluded from tax $0$9,106

Part IX · Statement of functional expenses $333,870 across 6 lines filed

IX-1 Grants to domestic organizations$295,770

IX-11b Legal fees$1,040

IX-11c Accounting fees$3,345

IX-13 Office expenses$5,700

IX-23 Insurance$1,506

IX-24 Other expenses (24a–d)$26,509

IX-25 Total functional expenses$333,870

Part X · Balance sheet $0 assets, 22 lines filed

X-1 Cash, non-interest-bearingStart of year $17,348$0

X-2 Savings and temporary cash investmentsStart of year $202,268$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $1,647$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivableStart of year $105,531$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $326,794$0

X-17 Accounts payable and accrued expensesStart of year $2,030$0

X-26 Total liabilitiesStart of year $2,030$0

X-27 Net assets without donor restrictionsStart of year $34,130$0

X-28 Net assets with donor restrictionsStart of year $290,634$0

X-32 Total net assets or fund balancesStart of year $324,764$0

X-33 Total liabilities and net assetsStart of year $326,794$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$9,106

XI-2 Total expenses$333,870

XI-3 Revenue less expenses−$324,764

XI-4 Net assets at start of year$324,764

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Quest for Economic Development

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Quest for Economic Development

Revolving Loan Fund

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

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