Elc Development EIN 91-2093948

Elc Development FY2022 filing

EIN  91-2093948 Supporting organization Seattle, WA
Form 990 (PDF)
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Size
<$100K
What they do
Supports programs and activities for community learning experiences.
Leadership
Alexis Lee · Executive Director
Money in and out
$0 revenue, $484K expenses
Bottom line
99% program spending

Supports programs and activities for community learning experiences. For fiscal year 2022 it reported $0 in revenue, $484K in expenses, and $9.3M in net assets.Pt I

Money in and out · FY2022
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$484K
Pt IX · Ln 25
Net assets
$9.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$484K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program spending
99%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$0
FY2022
Expenses
$484K
FY20220%
Total assets
$9.3M
FY2022▼ -5%
Total liabilities
$25
FY20220%
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$484K
Pt IX · Ln 25
Net assets
$9.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$484K
Total assetsPt X · Ln 16$9.3M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $480K of program spending, described in the organization's own filed words · FY2022.
01

Elc development is a supporting organization for the benefit of, to perform the programs and activities of, to carry out the exempt purpose of, and to support the programs and activities of experience learning community, an organization exempt under section 509(a)(2).

$480Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElc Development
EINHdr · item D91-2093948
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A115)
Ruling yearIRS BMFSep 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Interim Ed/Director of Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Elc Development executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$480K
Management & general1%$4K
Total functional expensesLn 25$484K

Balance Sheet

Part X · end of year
CashLn 1$1K
Total assetsLn 16$9.3M
Total liabilitiesLn 26$25
Total net assetsLn 32$9.3M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1K · Operating expenses/yr $484K
0.0 months
Where the money goes
Program services
Program services $480K · Total expenses $484K
99%
Management & General
Management & general $4K · Total expenses $484K
1%
Fundraising
Fundraising $0 · Total expenses $484K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $484K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $9.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $484K
Liabilities-to-Assets
Total liabilities — · Total assets $9.3M
Net-asset ratio
Net assets $9.3M · Total assets $9.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $9.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alexis Lee · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $484K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $484K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$10K revenue · ⤓ 990 PDF
FY2023$5K revenue · ⤓ 990 PDF
FY2022$0 revenue · viewing · ⤓ 990 PDF
FY2021$0 revenue · ⤓ 990 PDF
FY2020$0 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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