2024-10-28T13:30:25-05:00 2023-12-31 882533599 WERSEN NONPROFIT CPAS LLC 4513 Lakeway Drive Bellingham WA 98229 990 2023-01-01 911724682 Economic Development Alliance of Skagit County ECON 3603366114 1932 E College Way B Mount Vernon WA 98273 John Sternlicht CEO 3603366114 2024-10-28 1 0 Keaton Wersen CPA P01957642 3607709369 X 2023 2024-10-15 13:58:12Z John Sternlicht 1932 E College Way B Mount Vernon WA 98273 1274475 0 X www.skagit.org X 1996 WA To promote a growing and balanced economy for Skagit County, WA. 23 23 8 75 0 0 305131 372340 609862 893617 12 854 9727 7664 924732 1274475 4300 6900 0 0 605759 817317 0 0 57366 212673 486349 822732 1310566 102000 -36091 1097473 1060049 447805 446472 649668 613577 To promote a growing and balanced economy for Skagit County, WA. 0 0 664356 537746 The Economic Development Alliance of Skagit County (EDASC) carries out business attraction, retention and expansion and collaborative engagement to achieve a prosperous, sustainable, and equitable community while maintaining Skagit County's natural beauty and quality of life. EDASC supports existing Skagit companies, and works with prospective companies on site location, workforce training, identifying resources and access to capital, permitting, research, and other forms of assistance. EDASC initiatives create and support a favorable business climate with strategies that focus on improving assets and amenities within Skagit County. EDASC convenes and connects stakeholders to work on improving local assets on critical issues such as workforce, housing, childcare, and power supply. 100350 6900 79728 Leadership Skagit, in partnership with Skagit Valley College, is a 9-month experiential learning course, developing leadership skills in more than 500 community members over the past 20 years. Participants gain a deeper insight into the region and learn concepts and techniques for effective leadership. All programming is delivered through a lens of equity and sustainability. Graduates are shaping Skagit County as leaders of non-profits, businesses, and governmental bodies. 275960 276143 EDASC works to catalyze grass-roots economic development and foster an inclusive entrepreneurial ecosystem by reducing barriers to entrepreneurship and innovation for all Skagit residents with particular emphasis on underrepresented populations and communities. EDASC aims to ensure that entrepreneurs and business owners from across Skagit County have access to resources to create more equitable opportunities, build new generational wealth, and improve quality of life. EDASC works to make Skagit County more prosperous, diversified, and sustainable by removing barriers to success. 1040666 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Audra Ramerman 3603366114 1932 E College Way Suite B Mount Vernon WA 98273 Christopher Johnston Chair 1.00 X X 0 0 0 Nate Wolfe Secretary 1.00 X X 0 0 0 Matthew Roetciscoender Treasurer 1.00 X X 0 0 0 Matt Paxton Of Counsel 1.00 X 0 0 0 Amelia Cook Member 1.00 X 0 0 0 Amy Hong Member 1.00 X 0 0 0 Brian Gentry Member 1.00 X 0 0 0 Dan Worra Member 1.00 X 0 0 0 Dr Chris Villa Member 1.00 X 0 0 0 Elizabeth Stout Member 1.00 X 0 0 0 Jake Buganski Member 1.00 X 0 0 0 Jeremny JJ Wilbur Member 1.00 X 0 0 0 Margaret Rojas Member 1.00 X 0 0 0 Mandi Rothman Member 1.00 X 0 0 0 Nikki Wegner Member 1.00 X 0 0 0 Paul Pitre Member 1.00 X 0 0 0 Peter Browning Member 1.00 X 0 0 0 Rod Cann Member 1.00 X 0 0 0 Ryan Sakuma Member 1.00 X 0 0 0 Sara Young Member 1.00 X 0 0 0 Steve Lang Member 1.00 X 0 0 0 Steve Sexton Member 1.00 X 0 0 0 Viry Delgado Member 1.00 X 0 0 0 John Sternlicht CEO 40.00 X 180701 0 24424 Audra Ramerman Director of Finance & Admi 40.00 X 99369 0 21951 280070 0 46375 1 0 1 0 0 129938 242402 372340 Contract revenue 561499 646249 646249 Municipal investor fee 561499 135615 135615 Leadership skagit 561499 76703 76703 Economic forecast nigh 561499 35050 35050 893617 854 854 Miscellaneous 900099 7664 7664 7664 1274475 893617 0 8518 6900 6900 326444 176232 117568 32644 374031 326008 33448 14575 12569 10534 2035 52806 52054 752 51467 37772 10417 3278 19200 19200 120 120 42705 34884 6809 1012 60602 56974 2591 1037 47607 37610 7141 2856 17775 15043 2454 278 6624 6609 15 2188 2188 4098 4098 Program expenses 274877 274561 316 Training 4771 1495 3272 4 5782 3870 982 930 1310566 1040666 212534 57366 473115 39977 504839 6000 25978 234880 153919 10709 3860 13878 2588 13478 11290 359291 320186 1097473 1060049 35475 36573 47536 59683 20200 364794 330016 447805 446472 X 637494 592333 12174 21244 649668 613577 1097473 1060049 -36091 0 X 1 X 0 1 0 X 38950 607576 545406 305131 372340 1869403 38950 607576 545406 305131 372340 1869403 182184 1687219 257 21 28 12 854 1172 8218 9694 10102 7664 35678 1906253 2488625 0.88510 0.86870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 619962 619962 0 1 X 13878 2588 11290 11290 ROU asset 320186 320186 Lease liability 330016 330016 Part IV, Line 1b: During the year, EDASC served as a fiscal agent for Skagit Tourism Bureau (STB) and did not retain ultimate discretion and control over the use of the funds. The relationship formally ended in 2023 when STB gained its own nonprofit exempt status and began operating on its own. EDASC has no ongoing obligation under this as of December 31, 2023. Additionally, EDASC was a recipient of the "Statewide Disaster Relief Grant" from the Department of Commerce funding distribution to eligible Washington State small business applicants impacted by natural disaster or comparable human-caused disaster between October 1, 2021 and March 31, 2023. Eligible businesses to receive pass-through grants were explicitly named in the grant agreement. EDASC did not have variance power at any stage in the selection and awarding process, instead only participating in eligibility screening. EDASC received $619,472 earmarked for these eligible businesses and granted out the entire amount during the year. Part IV, Line 2b: The Organization acts as a fiscal agent for Skagit Housing Consortium (SHC). During the year they collected membership fees and provided staff time to manage monthly meetings. SHC retains control of the funds which can only be spent by EDASC if approved by the SHC board. The year-end liability to SHC was $20,200 at December 31, 2023. 1 Scholarships 5 6900 FMV Reduction of tuition fees Part I, Line 2: EDASC grants tuition scholarships to a limited number of students enrolled in the Leadership Skagit Program. EDASC tracks tuition payments and scholarship assistance to all students who received an award at the beginning of the nine-month program. X X 0 0 0 0 0 0 0 0 0 John Sternlicht CEO 174951 0 5150 0 600 0 9035 0 15389 0 205125 0 0 0 Part I, Line 3 The Chief Executive Officer's compensation is determined by contract terms which includes an annual increase baed on June CPI for Seattle. The Board determines criteria, amount and performance to a discretionary bonus. Form 990, Part VI, Section B, line 11b The Director of Finance and Administration reviews the Form 990 in detail, which is then provided to all board members for review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Annual review. Form 990, Part VI, Section B, line 15a The Chief Executive Officer's compensation is determined by contract terms which includes an annual increase baed on June CPI for Seattle. The Board determines criteria, amount and performance to a discretionary bonus. Form 990, Part VI, Section C, line 19 These documents are available upon written request from the organization.