Kitsap Economic Development Alliance FY2020 filing

Not tax-deductible

Silverdale, WA501(c)(6)Since 1983Mutual / membership EIN 91-1335188Revenue $1.2M in FY2020

On file with the IRSkitsapeda.org2021 Nw Myhre Pl Ste 100, 98383-8572 · Silverdale, WATax-exempt since Oct 1987

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Through a partnership of government and business, our mission is to attract and retain primary businesses to Kitsap county and its communities, ensure healthy Economic growth, and maintain a desirable quality of life.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$141K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $51K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 35 voting members
Looks good: 35 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.1M
To programs
0%
Net assets
$261K
By yearFY2020–FY2025
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$625K
FY2022$818K
FY2023$896K
FY2024$1.4M
FY2025$1.1M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$506K
FY2022$765K
FY2023$1.1M
FY2024$1.3M
FY2025$1.0M
Net assets
$261K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$261K
FY2021$380K
FY2022$434K
FY2023$274K
FY2024$365K
FY2025$492K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

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

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

Who runs it and what they're paid

36 people listed on the 990; $141K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Secretary
$113,188Pt VII · Sec A
Secretary
$28,292Pt VII · Sec A
Imm. Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joe Morrison$145,045$141,794$141,417$135,082$131,400$28,292
John T Powers—————$113,188

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 Kitsap Economic Development Alliance 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

Attracts and retains primary businesses in Kitsap County through marketing, advertising, and consulting services to stimulate local economic growth.

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

Marketing kitsap county to attract and retain primary businesses. During the year the organization provided in-kind services and received in-kind contributions with an estimated value of $24,031. The provided in-kind services consisted primarily of advertising and consulting services.

Pt IX · col B
02

KEDA administered small business grants in conjunction with state and local jurisdictions in response to the COVID crisis.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 29 grants · $289K · 2020–2020
Vintage Optical LLCFY2020$10,000
Individual RecipientFY2020$10,000
The End Zone INCFY2020$10,000
The Curious ChildFY2020$10,000
Strategerie LLCFY2020$10,000
Individual RecipientFY2020$10,000
Individual RecipientFY2020$10,000
Individual RecipientFY2020$10,000
Pacific Eyecare of Pt OrchardFY2020$10,000
McBride Floors & More LLCFY2020$10,000
Master OrthodonticsFY2020$10,000
Mainline Music LLCFY2020$10,000
Lice Girls LLCFY2020$10,000
Hendel & Co LLCFY2020$10,000
Gem Restaurant Group LLCFY2020$10,000
Floor Decorator LLCFY2020$10,000
Commuter Comforts INCFY2020$10,000
Color Brush Bowl INCFY2020$10,000
See all 29 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$618K
Gifts and grantsLn 1h$568K
Investment incomeLn 3$164
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$261K
net assets · Ln 32
Cash and savingsLn 1–2$183K
Total assetsLn 16$287K
LiabilitiesLn 26$26K
PeoplePt VI, VII
36
listed · VII A
PaidVII A2
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$568K
Government grantsLn 1e$435K
Fees for servicesLn 2g$618K
Investment incomeLn 3$164
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$75K
Cash and savings togetherLn 1–2$183K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$14K
Total assetsLn 16$287K
LiabilitiesLn 26$26K
Net assetsLn 32$261K
OperationsPt I, VI
EmployeesI 58
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$132K$183K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$10K$12K
Total assetsLn 16$210K$287K
LiabilitiesLn 26$22K$26K
Net assetsLn 32$188K$261K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$577K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$28K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$301K
Pension plan contributionsLn 8$24K
Other employee benefitsLn 9$0
Payroll taxesLn 10$28K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$29K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$0
Office expensesLn 13$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$35K
TravelLn 17$8K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K
InterestLn 20$371
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$57K
All other expensesLn 24e$6K
Total functional expensesLn 25$1.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.0M$127K$492K 990 PDF
FY2024 $1.4M$1.3M$91K$365K 990 PDF
FY2023 $896K$1.1M−$160K$274K 990 PDF
FY2022 $818K$765K$53K$434K 990 PDF
FY2021 $625K$506K$119K$380K 990 PDF
FY2020 Viewing $1.2M$1.1M$73K$261K 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 FY2020 990 (6 parts)
Part I · Summary $1,186,330 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $509,547$568,450
I-9 Program service revenuePrior year $75,229$617,716
I-10 Investment incomePrior year $157$164
I-11 Other revenue$0
I-12 Total revenuePrior year $584,933$1,186,330
I-13 Grants and similar amounts paid$577,446
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $364,194$381,160
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $204,812$154,346
I-18 Total expensesPrior year $569,006$1,112,952
I-19 Revenue less expensesPrior year $15,927$73,378
Part VI · Governance 35 of 35 board members independent, 4 to look at
VI-1a Voting members of the governing body35
VI-1b Independent voting members35
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $1,186,330 across 10 lines filed
VIII-1b Membership dues$133,150
VIII-1e Government grants$435,300
VIII-1h Total contributions, gifts and grants$568,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,270 · Excluded from tax $577,446$617,716
VIII-3 Investment incomeExcluded from tax $164$164
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $40,270 · Excluded from tax $577,610$1,186,330
Part IX · Statement of functional expenses $1,112,952 across 31 lines filed
IX-1 Grants to domestic organizations$577,446
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$28,292
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$301,261
IX-8 Pension plan contributions$24,061
IX-9 Other employee benefits$0
IX-10 Payroll taxes$27,546
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$28,575
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$4,968
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,937
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$35,340
IX-17 Travel$8,416
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$3,134
IX-20 Interest$371
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$4,361
IX-23 Insurance$4,309
IX-24 Other expenses (24a–d)$57,092
IX-24e All other expenses$5,843
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,112,952
Part X · Balance sheet $287,004 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $56,920$107,240
X-2 Savings and temporary cash investmentsStart of year $75,262$75,413
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $64,769$75,718
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $3,520$2,485
X-10c Land, buildings and equipment, netStart of year $9,637$11,896
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$14,252
X-16 Total assetsStart of year $210,108$287,004
X-17 Accounts payable and accrued expensesStart of year $6,277$6,622
X-25 Other liabilitiesStart of year $15,767$18,940
X-26 Total liabilitiesStart of year $22,044$25,562
X-27 Net assets without donor restrictionsStart of year $188,064$261,442
X-32 Total net assets or fund balancesStart of year $188,064$261,442
X-33 Total liabilities and net assetsStart of year $210,108$287,004
Part XI · Reconciliation of net assets $261,442 net assets at year end
XI-1 Total revenue$1,186,330
XI-2 Total expenses$1,112,952
XI-3 Revenue less expenses$73,378
XI-4 Net assets at start of year$188,064
XI-10 Net assets at end of year$261,442

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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