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Island County Economic Development Council

Not tax-deductible

Coupeville, WA501(c)(6)Since 1987Mutual / membership EIN 91-1300296Revenue $290K in FY2025

On file with the IRSedcislandcounty.orgPo Box 279, 98239-0279 · Coupeville, WATax-exempt since Jul 1987

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The Economic Development Council fosters Economic balance that preserves the Island county's rural character while promoting business, employment, and quality of life opportunities for its residents.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
92¢ of each $1 spent went to programs.
Run by 17 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $4K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$290K
+20% vs prior year
Spent
$317K
To programs
92%
Net assets
$136K
By yearFY2020–FY2025
Revenue
$290K
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$340K
FY2022$240K
FY2023$1.5M
FY2024$242K
FY2025$290K
Expenses
$317K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$207K
FY2021$322K
FY2022$248K
FY2023$1.5M
FY2024$335K
FY2025$317K
Net assets
$136K
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$192K
FY2021$211K
FY2022$203K
FY2023$245K
FY2024$147K
FY2025$136K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1987.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $291K Management & general 7% · $21K Fundraising 2% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Janet St Clair
Ex Officio
$0Pt VII · Sec A
Lynda Eccles
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
George Henny
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Molly Hughes
Director
$0Pt VII · Sec A
Todd Morrow
Director
$0Pt VII · Sec A
See Island County Economic Development Council executive salaries →

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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

Promotes business and employment to preserve rural character and improve residents' quality of life.

Questions for Island County Economic Development Council

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1 program · in their own filed words · FY2025
01

The economic development council coordinates and performs business recruitment, retention, and expansion activities within island county including research, planning, and implementation of regional and local economic development strategies.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$290K
Ln 12
Gifts and grantsLn 1h$262K
Fees for servicesLn 2g$28K
Investment incomeLn 3$77
Money outPt IX
$317K
Ln 25
Programscol B$291K
Managementcol C$21K
Fundraisingcol D$5K
Owns and owesPt X
$136K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$165K
LiabilitiesLn 26$29K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$262K
Government grantsLn 1e$251K
Fees for servicesLn 2g$28K
Investment incomeLn 3$77
Total revenueLn 12$290K
Assets in detailPt X, end of year
SavingsLn 2$124K
Cash and savings togetherLn 1–2$124K
Total assetsLn 16$165K
LiabilitiesLn 26$29K
Net assetsLn 32$136K
OperationsPt I, VI
EmployeesI 53
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$150K$124K
Total assetsLn 16$150K$165K
LiabilitiesLn 26$4K$29K
Net assetsLn 32$147K$136K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$206K$186K$17K$4K
Other employee benefitsLn 9$674$607$54$13
Payroll taxesLn 10$16K$14K$1K$315
Accounting feesLn 11c$11K$10K$858$215
Other fees for servicesLn 11g$50K$50K
Office expensesLn 13$8K$7K$635$159
OccupancyLn 16$20K$18K$2K$409
Conferences, conventions and meetingsLn 19$76$69$6$1
InsuranceLn 23$4K$3K$289$72
Other expenses (24a–d)Ln 24$2K$2K$176$44
Total functional expensesLn 25$317K$291K$21K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $290K$317K−$27K$136K 990 PDF
FY2024 $242K$335K−$93K$147K 990 PDF
FY2023 $1.5M$1.5M$41K$245K 990 PDF
FY2022 $240K$248K−$7K$203K 990 PDF
FY2021 $340K$322K$18K$211K 990 PDF
FY2020 $253K$207K$46K$192K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $290,055 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $234,695$261,703
I-9 Program service revenuePrior year $7,454$28,275
I-10 Investment incomePrior year $119$77
I-11 Other revenue$0
I-12 Total revenuePrior year $242,268$290,055
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $235,488$222,769
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,890$94,521
I-18 Total expensesPrior year $335,378$317,290
I-19 Revenue less expensesPrior year −$93,110−$27,235
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $290,055 across 7 lines filed
VIII-1b Membership dues$7,253
VIII-1e Government grants$250,681
VIII-1f All other contributions, gifts and grants$3,769
VIII-1h Total contributions, gifts and grants$261,703
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,275$28,275
VIII-3 Investment incomeUnrelated business $77$77
VIII-12 Total revenueRelated to mission $28,275 · Unrelated business $77$290,055
Part IX · Statement of functional expenses $317,290 across 10 lines filed
IX-7 Other salaries and wagesPrograms $185,748 · Management $16,511 · Fundraising $4,128$206,387
IX-9 Other employee benefitsPrograms $607 · Management $54 · Fundraising $13$674
IX-10 Payroll taxesPrograms $14,137 · Management $1,256 · Fundraising $315$15,708
IX-11c Accounting feesPrograms $9,658 · Management $858 · Fundraising $215$10,731
IX-11g Other fees for servicesPrograms $49,529$49,529
IX-13 Office expensesPrograms $7,129 · Management $635 · Fundraising $159$7,923
IX-16 OccupancyPrograms $18,396 · Management $1,636 · Fundraising $409$20,441
IX-19 Conferences, conventions and meetingsPrograms $69 · Management $6 · Fundraising $1$76
IX-23 InsurancePrograms $3,256 · Management $289 · Fundraising $72$3,617
IX-24 Other expenses (24a–d)Programs $1,984 · Management $176 · Fundraising $44$2,204
IX-25 Total functional expensesPrograms $290,513 · Management $21,421 · Fundraising $5,356$317,290
Part X · Balance sheet $164,633 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $150,149$124,482
X-4 Accounts receivable$40,151
X-16 Total assetsStart of year $150,150$164,633
X-25 Other liabilitiesStart of year $3,539$28,602
X-26 Total liabilitiesStart of year $3,539$28,602
X-27 Net assets without donor restrictionsStart of year $146,611$136,031
X-32 Total net assets or fund balancesStart of year $146,611$136,031
X-33 Total liabilities and net assetsStart of year $150,150$164,633
Part XI · Reconciliation of net assets $136,031 net assets at year end
XI-1 Total revenue$290,055
XI-2 Total expenses$317,290
XI-3 Revenue less expenses−$27,235
XI-4 Net assets at start of year$146,611
XI-8 Prior period adjustments$16,655
XI-10 Net assets at end of year$136,031

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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