2024-10-30T09:18:18-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2023-01-01 910647005 ECONOMIC ALLIANCE SNOHOMISH COUNTY ECON 4257434567 808 134TH ST SW 101 EVERETT WA 98204 GARRY CLARK JR BOARD PRESIDENT 4257434567 2024-10-25 1 0 ALLEN GILBERT CPA P01380103 4252506100 2024-10-25 2023 2024-10-15 13:58:12Z GARRY CLARK JR 808 134TH ST SW 101 EVERETT WA 98204 2259336 0 X WWW.ECONOMICALLIANCESC.ORG X 1955 WA ECONOMIC ALLIANCE SNOHOMISH COUNTY (EASC) CREATES ECONOMIC GROWTH AND OPPORTUNITIES THROUGH LEADERSHIP, COLLABORATION, ADVOCACY AND SUPPORT. AS A COUNTYWIDE CHAMBER AND REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION, EASC ENCOURAGES BUSINESS, PARTNERSHIPS, JOBS AND GROWTH BY COLLABORATING WITH STAKEHOLDERS THROUGHOUT THE SNOHOMISH COUNTY AND THE PACIFIC NW REGION. 58 54 21 70 9230 0 1758277 1857992 381343 362660 1364 12336 22968 26348 2163952 2259336 0 0 0 0 1620414 1799102 0 0 74231 797612 990217 2418026 2789319 -254074 -529983 2710036 2090265 1008255 905966 1701781 1184299 X THE ALLIANCE IS COMMITED TO GROWING AND NURTURING A VITAL REGIONALECONOMY THAT IS GLOBALLY COMPETITIVE BY EXPANDING PARTNERSHIPS, DEVELOPING KEY RESOURCES, AND BUILDING THE INFRASTRUCTURE SYSTEMS THAT CREATE LOCAL AND REGIONAL EMPLOYMENT CENTERS. 0 0 1865704 0 379778 THE ORGANIZATION WAS A CATALYST FOR ECONOMIC VITALITY, RESULTING IN STRONGER COMMUNITIES, INCREASED JOB CREATION, EXPANDED EDUCATIONAL OPPORTUNITIES, AND IMPROVED INFRASTRUCTURE. 1865704 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 21 0 1 21 1 1 1 0 0 0 1 1 0 0 0 X 58 54 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ERIK PETERSEN 4252484217 808 134TH ST SW SUITE 101 EVERETT WA 98204 GARRY CLARK JR PRESIDENT AND CEO 40.00 1.00 X 233789 0 37655 WENDY POISCHBEG VP OF ECONOMIC DEVELOPMENT 40.00 X 189270 0 12129 RASHMA AGARWAL VP OF PUBLIC AFFAIRS 40.00 X 133210 0 10862 ALYSSA JACKSON DIRECTOR OF STEM 40.00 X 126760 0 10669 JASON BRICHTA DIRECTOR OF FINANCE 40.00 X 88106 0 2456 JENNIFER KAMMEYER DIRECTOR OF FINANCE 40.00 X 68652 0 2747 RICH WHITE CHAIR 1.00 1.00 X X 0 0 0 PAUL DOLAN IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 DAN GAFFNEY VICE CHAIR 1.00 1.00 X X 0 0 0 NANCY EKREM TREASURER 1.00 1.00 X X 0 0 0 SCOTT STRAND SECRETARY 1.00 1.00 X X 0 0 0 BILL AKERS BOARD MEMBER 1.00 X 0 0 0 RUDI ALCOTT BOARD MEMBER 1.00 X 0 0 0 GUSTAVO BALDERAS BOARD MEMBER 1.00 X 0 0 0 ALISON BRYNELSON BOARD MEMBER 1.00 X 0 0 0 ANDY BUCHAN BOARD MEMBER 1.00 X 0 0 0 DARRELL CAIN BOARD MEMBER 1.00 X 0 0 0 JOHN CHELMINIAK BOARD MEMBER 1.00 X 0 0 0 TERRY COX BOARD MEMBER 1.00 X 0 0 0 JOHN DICKSON BOARD MEMBER 1.00 X 0 0 0 CRYSTAL DONNER BOARD MEMBER 1.00 X 0 0 0 AMY DREWEL BOARD MEMBER 1.00 X 0 0 0 MARK DUFFY BOARD MEMBER 1.00 X 0 0 0 SARAH DUNCAN BOARD MEMBER 1.00 X 0 0 0 JOY EMORY BOARD MEMBER 1.00 X 0 0 0 KRISTIN ESTERBERG BOARD MEMBER 1.00 X 0 0 0 CASSIE FRANKLIN BOARD MEMBER 1.00 X 0 0 0 CHRISTINE FRIZZELL BOARD MEMBER 1.00 X 0 0 0 JOHN HAARLOW BOARD MEMBER 1.00 X 0 0 0 SHUBERT HO BOARD MEMBER 1.00 X 0 0 0 RIC IILGENFRITZ BOARD MEMBER 1.00 X 0 0 0 SCOTT KENNEDY BOARD MEMBER 1.00 X 0 0 0 ROBERT KNOLL BOARD MEMBER 1.00 X 0 0 0 TOM LANE BOARD MEMBER 1.00 X 0 0 0 LISA LEFEBER BOARD MEMBER 1.00 X 0 0 0 MARK LEWINSKI BOARD MEMBER 1.00 X 0 0 0 BRYAN MCDONALD BOARD MEMBER 1.00 X 0 0 0 JOSHUA MENZEL BOARD MEMBER 1.00 X 0 0 0 JON NEHRING BOARD MEMBER 1.00 X 0 0 0 NATE NEHRING BOARD MEMBER 1.00 X 0 0 0 MIKE NELSON BOARD MEMBER 1.00 X 0 0 0 PAUL PITRE BOARD MEMBER 1.00 X 0 0 0 DAVID PRESTON BOARD MEMBER 1.00 X 0 0 0 SABAH RANDHAWA BOARD MEMBER 1.00 X 0 0 0 DARREN REDICK BOARD MEMBER 1.00 X 0 0 0 PETER ROGOFF BOARD MEMBER 1.00 X 0 0 0 IAN SALTZMAN BOARD MEMBER 1.00 X 0 0 0 MEL SHELDON BOARD MEMBER 1.00 X 0 0 0 AMIT SINGH BOARD MEMBER 1.00 X 0 0 0 DAVE SOMERS BOARD MEMBER 1.00 X 0 0 0 LOIS LANGER THOMPSON BOARD MEMBER 1.00 X 0 0 0 BARB TOLBERT BOARD MEMBER 1.00 X 0 0 0 EDUARDO TORRES BOARD MEMBER 1.00 X 0 0 0 BILL TSOUKALAS BOARD MEMBER 1.00 X 0 0 0 PEYTON TUNE BOARD MEMBER 1.00 X 0 0 0 DOUG PURCELL BOARD MEMBER 1.00 X 0 0 0 WENDY WEIKER BOARD MEMBER 1.00 X 0 0 0 SCOTT WOERMAN BOARD MEMBER 1.00 X 0 0 0 A NEEPAPORN BOARD MEMBER 1.00 X 0 0 0 839787 0 76518 4 0 1 0 0 516344 995664 345984 11611 1857992 EVENT AND SPONSORSHIP 541610 245638 245638 REIMBURSED EXPENSES 900099 107792 107792 MANAGEMENT SERVICES 541200 9230 9230 362660 12336 12336 MISCELLANEOUS INCOME 900099 26348 26348 26348 2259336 379778 9230 12336 659556 294011 365545 831025 629874 141826 59325 16029 11711 3112 1206 55407 33479 19300 2628 237085 139152 88989 8944 7733 5258 2475 9887 9887 24454 24454 71529 62105 9424 45199 25827 18411 961 57389 31641 25566 182 19197 13054 6143 122919 55107 67812 64893 59640 4879 374 47295 34172 12512 611 11026 11026 4269 1939 2330 EVENT EXPENSES 236535 219978 16557 STEM EXPENSES 194402 194402 DUES & SUBSCRIPTIONS 55521 44467 11054 BAD DEBT EXPENSE 16163 16163 1806 1806 2789319 1865704 849384 74231 149942 82682 894083 744283 140318 378753 872600 253806 33853 82010 39882 32403 8403 7479 610837 541252 2710036 2090265 170526 173158 68773 28500 768956 704308 1008255 905966 X 1534376 1055193 167405 129106 1701781 1184299 2710036 2090265 -529983 12501 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 29827 22348 7479 10055 10055 0 7479 SECURITY DEPOSIT 5079 RIGHT OF USE ASSET, NET 536173 541252 AMBASSADOR FUNDS 1490 PASSTHROUGH LIABILITY 105446 LEASE LIABILITY 594988 DEFERRED RENT 2384 704308 X PART X, LINE 2: THE ALLIANCE, AS A TAX-EXEMPT ORGANIZATION, FILES AN ANNUAL FEDERAL INFORMATION RETURN (FORM 990). THE ALLIANCE FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES (TOPIC 740). TOPIC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ALLIANCE'S TAX POSITIONS AND CONCLUDED THAT THE ALLIANCE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. X X X 0 0 0 1 0 0 0 0 0 GARRY CLARK JR PRESIDENT AND CEO 202200 0 31589 0 0 0 6066 0 31589 0 271444 0 0 0 WENDY POISCHBEG VP OF ECONOMIC DEVELOPMENT 164520 0 24750 0 0 0 5280 0 6849 0 201399 0 0 0 PART I, LINE 5 THE CEO MAY RECEIVE AN ANNUAL BONUS THAT IS BASED ON MEASUREMENT CRITERIA IN HIS EMPLOYMENT AGREEMENT. FORM 990, PART III, LINE 1: THE ALLIANCE IS COMMITTED TO GROWING AND NURTURING A VITAL REGIONAL ECONOMY THAT IS GLOBALLY COMPETITIVE. THE ALLIANCE WILL ACHIEVE THIS BY EXPANDING PARTNERSHIPS, DEVELOPING KEY RESOURCES, AND BUILDING THE INFRASTRUCTURE SYSTEMS THAT CREATE LOCAL AND REGIONAL EMPLOYMENT CENTERS. FORM 990, PART III, LINE 4A THE ORGANIZATION WAS A CATALYST FOR ECONOMIC VITALITY, RESULTING IN STRONGER COMMUNITIES, INCREASED JOB CREATION, EXPANDED EDUCATIONAL OPPORTUNITIES, AND IMPROVED INFRASTRUCTURE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE ESTABLISHED CONSISTS OF FIVE OFFICERS FROM EASC'S BOARD OF TRUSTEES, WHICH INCLUDES THE CHAIR OF THE BOARD, VICE CHAIR, SECRETARY, TREASURER, IMMEDIATE PAST CHAIR OF THE BOARD AND SIX AT-LARGE MEMBERS SELECTED OR RENEWED ANNUALLY BY THE BOARD, TWO OF WHICH SHALL BE SELECTED FROM THE CHAIRS OF ANY SUB-BOARDS OR STANDING COMMITTEES ESTABLISHED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE ALL THE POWERS AND FUNCTIONS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF THE EASC IN ALL CASES EXCEPT AS NOTED IN SECTION 4.11 OF EASC'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 DUE TO THE NATURE OF THE ORGANIZATION, MANY BOARD MEMBERS HAVE BUSINESS RELATIONSHIPS WITH OTHER BOARD MEMBERS. THESE ARE ALL ARMS-LENGTH TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE EASC TO PROHIBIT ITS EMPLOYEES FROM ENGAGING IN ANY ACTIVITY, PRACTICE, OUTSIDE EMPLOYMENT OR ACTS WHICH CONFLICT WITH, OR APPEAR TO CONFLICT WITH, THE PERFORMANCE OF THEIR JOB THE INTEREST OF THE EASC, ITS CONTRACTORS, OR ITS FUNDING AGENCIES. EMPLOYEES ARE EXPECTED TO REPRESENT THE EASC IN A POSITIVE AND ETHICAL MANNER. EMPLOYEES WILL AVOID SITUATIONS THAT GIVE RISE TO A SUGGESTION THAT ANY DECISION WAS INFLUENCED BY PREJUDICE, BIAS, SPECIAL INTEREST, OR PERSONAL GAIN. EMPLOYEES HAVE AN OBLIGATION TO AVOID CONFLICT OF INTEREST AND TO REFER QUESTIONS AND CONCERNS ABOUT CONFLICT TO THEIR SUPERVISOR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY AN INDEPENDENT EXECUTIVE COMMITTEE USING COMPARABLE SALARY INFORMATION ACROSS THE NON-FOR-PROFIT SECTOR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: EASC HAS AN INTERNAL DIRECTOR OF FINANCE WHO IS POINT OF CONTACT DURING THE ANNUAL AUDIT OF EASC'S CONSOLIDATED BASIS FINANCIAL STATEMENTS, EASC'S FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS BEFORE THEY ARE FINALIZED FOR DISTRIBUTION. EASC'S EXECUTIVE COMMITTEE AND FINANCE COMMITTEE TOGETHER ASSUME RESPONSIBILITY FOR SELECTION OF AN INDEPENDENT AUDIT FIRM, THIS AUDIT FIRM SELECTION PROCESS HAS NOT CHANGED FROM PRIOR YEARS EASC CENTER FOR BUSINESS AND EMPLOYMENT DEVELOPMENT 808 134TH STREET 101 EVERETT WA 98204 911267752 ECONOMIC DEVELOPMENT WA 501(C)(3) LINE 7 ECONOMIC ALLIANCE SNOHOMISH COUNTY 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 ECONOMIC ALLIANCE SNOHOMISH COUNTY CENTER FOR BUSINESS AND EMPLOYMENT Q 107792 CASH RECEIVED ECONOMIC ALLIANCE SNOHOMISH COUNTY CENTER FOR BUSINESS AND EMPLOYMENT D 247511 BALANCE DUE