2025-08-26T14:16:09-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-01-01 910647005 ECONOMIC ALLIANCE SNOHOMISH COUNTY ECON 4257434567 808 134TH ST SW 101 EVERETT WA 98204 DOUG PURCELL BOARD PRESIDENT 4257434567 2025-08-26 1 1 ALLEN GILBERT CPA P01380103 4252506100 2025-08-26 2024 2025-03-06 01:10:19Z RAY STEPHANSON 808 134TH ST SW 101 EVERETT WA 98204 3287699 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. 49 54 16 113 8880 0 1857992 2826536 362660 310571 12336 39191 26348 111401 2259336 3287699 0 224499 0 0 1799102 1697139 0 0 113592 990217 1215161 2789319 3136799 -529983 150900 2090265 2328605 905966 993406 1184299 1335199 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 1 2537518 224499 413092 THE ORGANIZATION WAS A CATALYST FOR ECONOMIC VITALITY, RESULTING IN STRONGER COMMUNITIES, INCREASED JOB CREATION, EXPANDED EDUCATIONAL OPPORTUNITIES, AND IMPROVED INFRASTRUCTURE. 2537518 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 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 16 0 1 16 1 1 1 0 0 0 0 0 0 0 0 0 X 49 54 1 0 0 0 1 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 X ERIK PETERSEN 4252484217 808 134TH ST SW SUITE 101 EVERETT WA 98204 DOUG PURCELL CHAIR 1.00 1.00 X X 0 0 0 SCOTT KENNEDY VICE CHAIR 1.00 1.00 X X 0 0 0 NANCY EKREM TREASURER 1.00 1.00 X X 0 0 0 DEBBIE TAGLIALAVORE SECRETARY 1.00 1.00 X X 0 0 0 CHRIS ADAMS DIRECTOR 1.00 1.00 X 0 0 0 BILL AKERS DIRECTOR 1.00 1.00 X 0 0 0 RUDI ALCOTT DIRECTOR (THRU 7/24) 1.00 0.00 X 0 0 0 KRISTY CARRINGTON DIRECTOR 1.00 1.00 X 0 0 0 CHEMENE CRAWFORD DIRECTOR 1.00 1.00 X 0 0 0 PAUL DINI DIRECTOR 1.00 1.00 X 0 0 0 JEREMY DON DIRECTOR 1.00 1.00 X 0 0 0 CRYSTAL DONNER DIRECTOR 1.00 1.00 X 0 0 0 AMY DREWEL DIRECTOR 1.00 1.00 X 0 0 0 MARK DUFFY DIRECTOR 1.00 1.00 X 0 0 0 JOY EMORY DIRECTOR 1.00 1.00 X 0 0 0 KRISTIN ESTERBERG DIRECTOR 1.00 0.00 X 0 0 0 CASSIE FRANKLIN DIRECTOR 1.00 1.00 X 0 0 0 CHRISTINE FRIZZELL DIRECTOR 1.00 1.00 X 0 0 0 WENDY WEIKER DIRECTOR 1.00 1.00 X 0 0 0 DAN GAFFNEY DIRECTOR 1.00 1.00 X 0 0 0 JOHN HAARLOW DIRECTOR 1.00 1.00 X 0 0 0 SHUBERT HO DIRECTOR 1.00 1.00 X 0 0 0 ERIC HOWARD DIRECTOR 1.00 1.00 X 0 0 0 RIC IILGENFRITZ DIRECTOR 1.00 1.00 X 0 0 0 NANCY KEITH DIRECTOR 1.00 1.00 X 0 0 0 ROBERT KNOLL DIRECTOR 1.00 1.00 X 0 0 0 TOM LANE DIRECTOR (THRU 12/24) 1.00 0.00 X 0 0 0 LISA LAPLANTE DIRECTOR 1.00 1.00 X 0 0 0 LISA LEFEBER DIRECTOR 1.00 1.00 X 0 0 0 DANIELLE LOTHROP DIRECTOR 1.00 1.00 X 0 0 0 AMALIA MARTINO DIRECTOR 1.00 1.00 X 0 0 0 JOSHUA MENZEL DIRECTOR (THRU 4/24) 1.00 0.00 X 0 0 0 A NEEPAPORN DIRECTOR (THRU 12/24) 1.00 0.00 X 0 0 0 JON NEHRING DIRECTOR 1.00 1.00 X 0 0 0 NATE NEHRING DIRECTOR 1.00 1.00 X 0 0 0 JOSH O'CONNOR DIRECTOR 1.00 1.00 X 0 0 0 IWALANI PAQUETTE DIRECTOR 1.00 1.00 X 0 0 0 PAUL PITRE DIRECTOR 1.00 1.00 X 0 0 0 JANET POPE DIRECTOR 1.00 1.00 X 0 0 0 DAVID PRESTON DIRECTOR 1.00 1.00 X 0 0 0 CORBIN RESSEGUIE DIRECTOR 1.00 1.00 X 0 0 0 CHRIS ROSELLI DIRECTOR 1.00 1.00 X 0 0 0 MIKE ROSEN DIRECTOR 1.00 1.00 X 0 0 0 IAN SALTZMAN DIRECTOR 1.00 1.00 X 0 0 0 AMIT SINGH DIRECTOR 1.00 1.00 X 0 0 0 DAVE SOMERS DIRECTOR 1.00 1.00 X 0 0 0 KYLE STANNERT DIRECTOR 1.00 1.00 X 0 0 0 LOIS LANGER THOMPSON DIRECTOR 1.00 1.00 X 0 0 0 EDUARDO TORRES DIRECTOR 1.00 1.00 X 0 0 0 BILL TSOUKALAS DIRECTOR 1.00 1.00 X 0 0 0 PEYTON TUNE DIRECTOR (THRU 4/24) 1.00 0.00 X 0 0 0 DON VANNEY DIRECTOR 1.00 1.00 X 0 0 0 RICH WHITE DIRECTOR 1.00 1.00 X 0 0 0 SCOTT WOERMAN DIRECTOR 1.00 1.00 X 0 0 0 SHAWN WOODWARD DIRECTOR 1.00 1.00 X 0 0 0 CPT STACY WUTHIER DIRECTOR 1.00 1.00 X 0 0 0 WENDY POISCHBEG INTERIM CEO & PRESIDENT VP ECONOMIC DEVELOPMENT 40.00 1.00 X 215517 0 19001 ERIK PETERSEN DIRECTOR OF ACCOUNTING AND PROGRAMS 40.00 0.00 X 100000 0 3000 RAYMOND STEPHANSON PRESIDENT & CEO 40.00 0.00 X 6250 0 188 ALYSSA JACKSON DIRECTOR OF STEM 40.00 0.00 X 132791 0 12040 OLIVIA MAISEL DIRECTOR OF OPERATIONS 40.00 0.00 X 122142 0 11720 AILEEN FORDE DIRECTOR OF INVESTOR RELATIONS 40.00 0.00 X 124169 0 0 RASHMA AGARWAL VP OF PUBLIC AFFAIRS 40.00 0.00 X 109041 0 9233 809910 0 55182 6 0 1 0 0 419850 1941551 465135 48318 2826536 EVENT AND SPONSORSHIP 541610 301691 301691 MANAGEMENT SERVICES 541200 8880 8880 310571 39191 39191 MISCELLANEOUS INCOME 900099 111401 111401 111401 3287699 413092 8880 39191 224499 224499 343957 343957 1056184 693643 286808 75733 17390 11047 5195 1148 56489 41585 12206 2698 223119 170713 42918 9488 420 420 27265 27265 102797 101769 1028 20327 20327 42952 27721 14649 582 26052 26052 120623 70959 49664 34724 33934 558 232 59236 30920 4694 23622 924 924 6174 3540 2634 STEM EXPENSES 474406 474406 EVENT EXPENSES 206928 206928 DUES & SUBSCRIPTIONS 58984 52132 6763 89 IN-KIND EXPENSE 48318 3386 44932 -14969 -14969 3136799 2537518 485689 113592 82682 150 744283 1205795 378753 362167 253806 249856 82010 42844 39882 33327 7479 6555 541252 461238 2090265 2328605 173158 290427 28500 83675 704308 619304 905966 993406 X 1055193 1084913 129106 250286 1184299 1335199 2090265 2328605 150900 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 29827 23272 6555 10055 10055 0 6555 SECURITY DEPOSIT 5079 RIGHT OF USE ASSET, NET 456159 461238 AMBASSADOR FUNDS 3772 PASSTHROUGH LIABILITY 105446 LEASE LIABILITY 510086 619304 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. 1 EDMONDS SCHOOL DISTRICT 20420 68TH AVE W LYNNWOOD WA 98036 916001871 EDMONDS SD 35000 0 N/A N/A AMERICAN RESCUE PLAN ACT FUNDING EVERETT COMMUNITY COLLEGE 2000 TOWER ST EVERETT WA 98201 910759103 EVERETT CC 90000 0 N/A N/A AMERICAN RESCUE PLAN ACT FUNDING EVERETT PUBLIC SCHOOLS 3900 BROADWAY EVERETT WA 98201 916001542 EVERETT PUBLIC SCH. 18499 0 N/A N/A AMERICAN RESCUE PLAN ACT FUNDING EVERGREEN GOODWILL OF NW WASHINGTON 700 DEARBORN PLACE S SEATTLE WA 98144 910568708 501C3 65000 0 N/A N/A AMERICAN RESCUE PLAN ACT FUNDING FIRST FIVE FUNDAMENTALS 1501 PACIFIC AVE STE 201 TACOMA WA 98402 800209462 501C3 16000 0 N/A N/A AMERICAN RESCUE PLAN ACT FUNDING 5 0 PART I, LINE 2: PROGRAM DIRECTORS ARE 1.) FAMILIAR WITH THEIR GRANTING AGENCIES REGULATIONS AND PROCEDURES, 2.) ALLOCATIONS USED ARE WELL DOCUMENTED AND SUPPORTED, 3.) REQUIRED PROGRAM REPORTING IS PROVIDED TIMELY TO GRANTORS 4.) FINANCIAL REPORTS SUPPORT THE AMOUNTS REPORTED FOR PROGRAM INCOME, IN-KIND CONTRIBUTIONS (NON-CASH), ALLOWABLE COSTS, COST-SHARING AND MATCHING. X X X X 1 0 0 1 0 0 0 1 0 WENDY POISCHBEG INTERIM CEO & PRESIDENT VP ECONOMIC 170142 0 24750 0 20625 0 6427 0 12574 0 234518 0 0 0 PART I, LINE 5 THE CEO MAY RECEIVE AN ANNUAL BONUS THAT IS BASED ON MEASUREMENT CRITERIA IN THE EMPLOYMENT AGREEMENT. FOR 2024, WENDY POISCHBEG RECEIVED $24,750 IN JULY AS HER CONTRACTED PERFORMANCE BONUS. PART I, LINE 7 WENDY POISCHBEG RECEIVED SEPARATION BONUS OF $20,625 IN DECEMBER. X EVENT SUPPLIES 21 32851 FMV X TRAVEL 7 13250 FMV X INTERNET 1 2216 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 3 EXPANSION OF THE STEM PROGRAM WITH FEDERAL ARPA FUNDS THROUGH A CONTRACT WITH SNOHOMISH COUNTY. 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 EASC BEING A REGIONAL ECONOMIC DEVELOPMENT COALITION, MANY BOARD MEMBERS HAVE BUSINESS RELATIONSHIPS WITH OTHER BOARD MEMBERS. THESE RELATIONSHIPS ARE ALL ARMS-LENGTH TRANSACTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS SUPPORTED BY PRIVATE/PUBLIC INVESTOR DUES COLLECTED TO OPERATE PRIMARILY TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY EASC SERVES THESE INVESTMENTS BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS, THE CLASSES OF MEMBERS ARE AS FOLLOWS: FIVE BASE TIERS $600, $775, $1,500, $3,500, $7,500 AND TWO SIGNATURE TIERS $10,000, $15,000. 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 2024. 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 28001 CASH RECEIVED ECONOMIC ALLIANCE SNOHOMISH COUNTY CENTER FOR BUSINESS AND EMPLOYMENT D 247511 BALANCE DUE