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Nonprofit · EIN 91-1561600

THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO

Also known as CENTER FOR BUSINESS INNOVATION

Tax-exempt · LACEY, WA 98503

Financials

$4.1M$4.2M2023$3.2M$3.1M2024
Revenue Expenses · by fiscal year end
Financials of THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,156,135$3,071,897$84,238$470,467$303,168$167,299
December 31, 2023990$4,139,814$4,242,386-$102,572$624,890$541,829$83,061
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,081,745
of which government grants
$2,895,102
Membership dues
$168,343
Program service revenue
$48,083
Investment income
$685
Net income from sales of inventory
$25,622
Other revenue
$25,622

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$942,073
Professional fundraising fees
$0
Occupancy
$68,971
Travel
$6,778
Depreciation
$6,227
Program services (functional)
$2,658,855
Management and general (functional)
$413,042

Balance sheet and other

Total assets, start of year
$624,890
Total assets, end of year
$470,467
Total liabilities, end of year
$303,168
Net assets, end of year
$167,299
Land, buildings and equipment
$136,191
Net assets without donor restrictions
$92,299
Net assets with donor restrictions
$75,000
Gross receipts
$3,161,167
Employees
13
Volunteers
48
Year formed
1992
State of legal domicile
WA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL CADEEXECUTIVE DIRECTOR
Trustee or director, Officer
10$0$171,275$5,352
SEAN MOOREDIRECTOR CB&I
Highest-paid employee
40$115,031$0$0
CHRIS LESTERDIRECTOR
Trustee or director
0.25$0$0$0
NANCY LAPOINTEDIRECTOR
Trustee or director
0.25$0$0$0
JENNICA MACHADODIRECTOR
Trustee or director
0.25$0$0$0
MATTHEW KILFMANDIRECTOR
Trustee or director
0.25$0$0$0
KEVIN LENEKERDIRECTOR
Trustee or director
0.25$0$0$0
DENISE SAWATZKYVICE PRESIDENT
Trustee or director, Officer
0.25$0$0$0
TRUDY SOUCOUPDIRECTOR
Trustee or director
0.25$0$0$0
TODD WHITLEYDIRECTOR
Trustee or director
0.25$0$0$0
GRACE KENDALLPRESIDENT
Trustee or director, Officer
0.25$0$0$0
NOEL RUBADUESECRETARY
Trustee or director, Officer
0.25$0$0$0
SCOTT ZYLKATREASURER
Trustee or director, Officer
0.25$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL CADEEXECUTIVE DIRECTOR
Trustee or director, Officer
10$0$156,163$4,911
SEAN MOOREDIRECTOR CB&I
Highest-paid employee
40$101,092$0$0
NANCY LAPOINTEPRESIDENT
Trustee or director, Officer
0.25$0$0$0
GRACE KENDALLPRESIDENT-ELECT
Trustee or director
0.25$0$0$0
NOEL RUBADUESECRETARY
Trustee or director, Officer
0.25$0$0$0
SCOTT ZYLKATREASURER
Trustee or director, Officer
0.25$0$0$0
KEVIN LENEKERDIRECTOR
Trustee or director
0.25$0$0$0
DENISE SAWATZKYDIRECTOR
Trustee or director
0.25$0$0$0
TRUDY SOUCOUPDIRECTOR
Trustee or director
0.25$0$0$0
TODD WHITLEYDIRECTOR
Trustee or director
0.25$0$0$0

Address and contacts

Address (IRS master file)
4220 6TH AVE SE, LACEY, WA 98503-1024
In care of
% MICHAEL CADE
Principal officer (990 for 2024)
MICHAEL CADE, 4220 6TH AVE SE, LACEY, WA 98503
Signed the 990
MICHAEL CADE, EXECUTIVE DIRECTOR
Phone
(360) 754-6320
Return prepared by
JOHNSON STONE & PAGANO PS

Mission

PROVIDE SERVICES THAT DEVELOP THE ENTREPRENEURIAL NETWORK OF THURSTON COUNTY AND SUPPORT THE ENTIRE BUSINESS LIFECYCLE FROM PLANNING, LAUNCHING, GROWING, TURNAROUND & EXIT PLANNING.

990 for the year ended December 31, 2024

Program accomplishments

  • SOUTHWEST WASHINGTON AGRICULTURAL BUSINESS & INNOVATION PARKTHE SW AGRICULTURE BUSINESS & INNOVATION PARK IS AN INTEGRATED MULTI-TENANT BUSINESS PARK FOCUSED ON VALUE-ADDED, AGRICULTURAL/FOOD-RELATED ENTERPRISES. LOCATED WITHIN THE CITY OF TENINO, THE PARK WILL INCLUDE A STATE-OF-THE ART HOSPITALITY EVENT CENTER AND BUSINESS RESOURCE INNOVATION HUB. THE PARK WILL BECOME AN AGRI-TOURISM DESTINATION AND WILL BE A STEP TOWARD ESTABLISHING A LOCAL SUPPLY FOOD CHAIN. FUTURE PHASES OF THE PARK MAY ALSO INCLUDE ESTABLISHING RESEARCH & EDUCATIONAL COMPONENTS.
    Expenses $1,893,485
  • LACEY MAKERSPACELACEY MAKERSPACE (LMS) IS AN 8,000-SQUARE-FOOT FACILITY THAT EMPOWERS MAKERS OF ALL AGES BY PROVIDING ACCESS TO ADVANCED TOOLS AND RESOURCES FOR HANDS-ON LEARNING AND CREATIVITY. WITH OVER 300 ACTIVE MEMBERS, INCLUDING HOBBYISTS, ENTREPRENEURS, AND SMALL BUSINESS OWNERS, LMS OFFERS A VARIETY OF WORKSHOPS AND CLASSES, BOTH IN-PERSON AND ONLINE, RANGING FROM BEGINNER TO ADVANCED LEVELS, WITH A STRONG FOCUS ON WORKFORCE DEVELOPMENT AND INNOVATION.IN 2024, LMS CONTINUES TO GROW AS A KEY RESOURCE FOR INDIVIDUALS LOOKING TO ENHANCE THEIR SKILLS OR LAUNCH NEW BUSINESSES. MEMBERS GAIN PROFICIENCY IN USING HIGH-TECH EQUIPMENT, INCLUDING 3D PRINTERS, WOODWORKING TOOLS, METALWORKING EQUIPMENT, AND MORE. LMS PROVIDES TRAINING AND RESOURCES TO HELP MEMBERS BRING THEIR IDEAS TO LIFE, WHETHER FOR PERSONAL PROJECTS OR PROFESSIONAL VENTURES.LMS IS COMMITTED TO EXPANDING ACCESS TO EDUCATION AND SUPPORTING THE CREATIVE ECONOMY BY FOSTERING A COLLABORATIVE ENVIRONMENT FOR NETWORKING AND GROWTH. BY CONNECTING INDIVIDUALS WITH THE TOOLS, SKILLS, AND RESOURCES THEY NEED, LMS IS DRIVING INNOVATION AND CONTRIBUTING TO ECONOMIC DEVELOPMENT ACROSS THE REGION.
    Expenses $529,603 · revenue $48,187
  • WASHINGTON CENTER FOR WOMEN IN BUSINESSTHE WASHINGTON CENTER FOR WOMEN IN BUSINESS OFFERS NO COST, ONE-ON-ONE BUSINESS COACHING WITH PROFESSIONALS EXPERIENCED IN BUSINESS STARTUP, FINANCE, ACCOUNTING, MARKETING, AND OPERATIONS. COACHING CAN BE CONDUCTED OVER THE PHONE, THROUGH WEBINARS, OR IN PERSON. ENTREPRENEURS WILL LEAVE COACHING SESSIONS WITH A LIST OF NEXT STEPS IN THEIR BUSINESS JOURNEY.IN 2024, THIS WCWB HAS LAUNCHED 12 NEW BUSINESSES AND TRACKED 103 NEW MILESTONES. 226 HOURS WERE SPENT HELPING BUSINESSES DIRECTLY WHETHER IN PERSON OR THROUGH VIRTUAL MEETINGS. 10 TRAINING EVENTS WERE COMPLETED WITH 327 ATTENDEES AND 1890.5 HOURS OF TRAINING.
    Expenses $235,767 · revenue $30,312

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
91-1561600
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99Z)
Assets (IRS master file)
$470,467
Income (IRS master file)
$3,161,167

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,156,135$3,071,897$470,467XML
990December 2023$4,139,814$4,242,386$624,890XML
990December 2022$1,866,030$1,821,992$630,642IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-1561600).

Questions about THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO

What is the EIN of THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO?
The employer identification number (EIN) of THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO is 91-1561600.
Is THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO?
The 990 for the year ended December 31, 2024 names MICHAEL CADE.
Who are the officers and directors of THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization.
How much revenue does THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS & INNO have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,156,135, expenses of $3,071,897 and total assets of $470,467 at year end.

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