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Washington Economic Development Associat

IRS exemption revoked

Seattle, WAUnknown exempt organizationEIN 91-1768428Revenue $768K in FY2021

On file with the IRSwedaonline.org3213 West Wheeler Street 424 · Seattle, WA

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Recovering, retaining, recruiting and expanding jobs and re-investment in Washington state.

Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $30K a year · 5% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Pay to officers and key staff
$130K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$768K
+80% vs prior year
Spent
$935K
Net assets
$122K
By yearFY2020–FY2021
Revenue
$768K
FY2021▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$427K
FY2021$768K
Expenses
$935K
FY2021▲ +367%
Tap a bar for its year
Expenses by fiscal year
FY2020$200K
FY2021$935K
Net assets
$122K
FY2021▼ -58%
Tap a bar for its year
Net assets by fiscal year
FY2020$288K
FY2021$122K

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Who runs it and what they're paid

21 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation
Suzanne Dale Estey
Executive Director
$130,043Pt VII · Sec A
Alisha Benson
Incoming Chair
$0Pt VII · Sec A
Mike Bomar
Immediate Past Chair
$0Pt VII · Sec A
Chris Green
Vice Chair
$0Pt VII · Sec A
Gina Stark
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Teresa Brum
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Washington Economic Development Associat 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 job growth and economic investment across Washington State.

Questions for Washington Economic Development Associat

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Provided by the organization

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1 program · in their own filed words · FY2021
01

As washington states only trade association laser-focused on economic development, weda is committed to recovering, retaining, recruiting and expanding jobs and re-investment in washington.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$768K
Ln 12
Gifts and grantsLn 1h$625K
Fees for servicesLn 2g$143K
Money outPt IX
$935K
Ln 25
Owns and owesPt X
$122K
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$122K
LiabilitiesLn 26$0
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$625K
Government grantsLn 1e$521K
Fees for servicesLn 2g$143K
Total revenueLn 12$768K
Assets in detailPt X, end of year
CashLn 1$121K
SavingsLn 2$604
Cash and savings togetherLn 1–2$122K
Total assetsLn 16$122K
LiabilitiesLn 26$0
Net assetsLn 32$122K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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 FY21End FY21
Cash and savingsLn 1–2$288K$122K
Total assetsLn 16$288K$122K
LiabilitiesLn 26$0$0
Net assetsLn 32$288K$122K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K
Grants to domestic individualsLn 2$4K
Pay of current officers, directors and key staffLn 5$130K
Lobbying feesLn 11d$40K
Other fees for servicesLn 11g$345K
Advertising and promotionLn 12$2K
Office expensesLn 13$2K
Information technologyLn 14$11K
Conferences, conventions and meetingsLn 19$49K
InsuranceLn 23$500
Other expenses (24a–d)Ln 24$345K
Total functional expensesLn 25$935K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $768K$935K−$167K$122K 990 PDF
FY2020 $427K$200K$227K$288K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $767,858 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $337,494$624,611
I-9 Program service revenuePrior year $89,718$143,247
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $427,212$767,858
I-13 Grants and similar amounts paidPrior year $0$8,900
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $50,214$130,043
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $149,909$795,636
I-18 Total expensesPrior year $200,123$934,579
I-19 Revenue less expensesPrior year $227,089−$166,721
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $767,858 across 5 lines filed
VIII-1b Membership dues$103,192
VIII-1e Government grants$521,419
VIII-1h Total contributions, gifts and grants$624,611
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $143,247$143,247
VIII-12 Total revenueRelated to mission $143,247 · Unrelated business $0 · Excluded from tax $0$767,858
Part IX · Statement of functional expenses $934,579 across 11 lines filed
IX-1 Grants to domestic organizations$5,000
IX-2 Grants to domestic individuals$3,900
IX-5 Pay of current officers, directors and key staff$130,043
IX-11d Lobbying fees$40,000
IX-11g Other fees for services$345,476
IX-12 Advertising and promotion$1,590
IX-13 Office expenses$2,390
IX-14 Information technology$11,485
IX-19 Conferences, conventions and meetings$48,971
IX-23 Insurance$500
IX-24 Other expenses (24a–d)$345,224
IX-25 Total functional expenses$934,579
Part X · Balance sheet $121,686 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $287,803$121,082
X-2 Savings and temporary cash investmentsStart of year $604$604
X-16 Total assetsStart of year $288,407$121,686
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $288,407$121,686
X-32 Total net assets or fund balancesStart of year $288,407$121,686
X-33 Total liabilities and net assetsStart of year $288,407$121,686
Part XI · Reconciliation of net assets $121,686 net assets at year end
XI-1 Total revenue$767,858
XI-2 Total expenses$934,579
XI-3 Revenue less expenses−$166,721
XI-4 Net assets at start of year$288,407
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$121,686

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

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