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Kitsap Economic Development Alliance FY2024 filing

Not tax-deductible

Silverdale, WA501(c)(6)Since 1983Mutual / membership EIN 91-1335188Revenue $1.4M in FY2024Latest return filed May 18, 2026

On file with the IRSkitsapeda.orgSilverdale, 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.
$142K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · 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
$142K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
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
$50K
12% of total assets
Looks good: liabilities are 12% 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
$1.4M
+51% vs prior year
Spent
$1.3M
To programs
0%
Net assets
$365K
By yearFY2020–FY2025
Revenue
$1.4M
FY2024▲ +51%
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
$1.3M
FY2024▲ +20%
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
$365K
FY2024▲ +33%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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

35 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation
Joe Morrison
Secretary
$141,794Pt VII · Sec A
Monica Bernard
Board Member
$0Pt VII · Sec A
Kellen Bond
Board Member
$0Pt VII · Sec A
Jon Rose
Board Member
$0Pt VII · Sec A
Chad Melton
Vice Chair
$0Pt VII · Sec A
Angie Tomisser
Board Member
$0Pt VII · Sec A
Becky Erickson
Board Member
$0Pt VII · Sec A
Rob Putaansuu
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 →

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.

Questions for Kitsap Economic Development Alliance

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

1 program · in their own filed words · FY2024
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 $31,972. The provided in-kind services consisted primarily of advertising and consulting services.

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
Washington State Microenterprise AssociationFY2024$25K
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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$47K
Investment incomeLn 3$185
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$365K
net assets · Ln 32
Cash and savingsLn 1–2$209K
Total assetsLn 16$415K
LiabilitiesLn 26$50K
PeoplePt VI, VII
35
listed · VII A
PaidVII A1
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$406K
Fees for servicesLn 2g$47K
Investment incomeLn 3$185
Gains on assetsLn 7$0
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$172K
SavingsLn 2$36K
Cash and savings togetherLn 1–2$209K
Accounts receivableLn 4$197K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$415K
LiabilitiesLn 26$50K
Net assetsLn 32$365K
OperationsPt I, VI
EmployeesI 58
VolunteersI 62
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 FY24End FY24
Cash and savingsLn 1–2$143K$209K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$9K$7K
Total assetsLn 16$315K$415K
LiabilitiesLn 26$42K$50K
Net assetsLn 32$274K$365K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$159K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$403K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$18K
Payroll taxesLn 10$46K
Management feesLn 11a$0
Legal feesLn 11b$62
Accounting feesLn 11c$32K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$94K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$337K
Advertising and promotionLn 12$22K
Office expensesLn 13$18K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$38K
TravelLn 17$19K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$11K
InterestLn 20$485
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$57K
All other expensesLn 24e$3K
Total functional expensesLn 25$1.3M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 18, 2026 $1.1M$1.0M$127K$492K 990 PDF
FY2024 ViewingFiled with the IRS Aug 29, 2025 $1.4M$1.3M$91K$365K 990 PDF
FY2023Filed with the IRS May 15, 2024 $896K$1.1M−$160K$274K 990 PDF
FY2022Filed with the IRS May 14, 2023 $818K$765K$53K$434K 990 PDF
FY2021Filed with the IRS Aug 22, 2022 $625K$506K$119K$380K 990 PDF
FY2020Filed with the IRS Sep 29, 2021 $1.2M$1.1M$73K$261K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,355,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $870,747$1,308,355
I-9 Program service revenuePrior year $25,232$47,104
I-10 Investment incomePrior year $354$185
I-11 Other revenue$0
I-12 Total revenuePrior year $896,333$1,355,644
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $637,448$626,155
I-16a Professional fundraising feesPrior year $121,150$93,617
I-17 Other expensesPrior year $297,800$544,736
I-18 Total expensesPrior year $1,056,398$1,264,508
I-19 Revenue less expensesPrior year −$160,065$91,136
Part VI · Governance 35 of 35 board members independent, 1 to look at
VI-1a Voting members of the governing body35
VI-1b Independent voting members35
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 $1,355,644 across 11 lines filed
VIII-1b Membership dues$300,500
VIII-1e Government grants$406,097
VIII-1f All other contributions, gifts and grants$601,758
VIII-1h Total contributions, gifts and grants$1,308,355
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,104$47,104
VIII-3 Investment incomeRelated to mission $185$185
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 $47,289$1,355,644
Part IX · Statement of functional expenses $1,264,508 across 31 lines filed
IX-1 Grants to domestic organizations$0
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$158,793
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$403,062
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$18,322
IX-10 Payroll taxes$45,978
IX-11a Management fees$0
IX-11b Legal fees$62
IX-11c Accounting fees$32,032
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$337,484
IX-12 Advertising and promotion$21,568
IX-13 Office expenses$17,766
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$38,112
IX-17 Travel$19,282
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$11,156
IX-20 Interest$485
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$1,672
IX-23 Insurance$5,305
IX-24 Other expenses (24a–d)$56,835
IX-24e All other expenses$2,977
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,264,508
Part X · Balance sheet $415,198 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $106,926$172,425
X-2 Savings and temporary cash investmentsStart of year $36,179$36,342
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $160,675$196,638
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,663$2,642
X-10c Land, buildings and equipment, netStart of year $8,823$7,151
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 $315,266$415,198
X-17 Accounts payable and accrued expensesStart of year $11,510$23,959
X-25 Other liabilitiesStart of year $30,158$26,505
X-26 Total liabilitiesStart of year $41,668$50,464
X-27 Net assets without donor restrictionsStart of year $273,598$364,734
X-32 Total net assets or fund balancesStart of year $273,598$364,734
X-33 Total liabilities and net assetsStart of year $315,266$415,198
Part XI · Reconciliation of net assets $364,734 net assets at year end
XI-1 Total revenue$1,355,644
XI-2 Total expenses$1,264,508
XI-3 Revenue less expenses$91,136
XI-4 Net assets at start of year$273,598
XI-10 Net assets at end of year$364,734

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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