ECONOMIC DEVELOPMENT BOARD FOR TACOMA/PIERCE COUNTY Charity Report

Public IRS 990 nonprofit record

ECONOMIC DEVELOPMENT BOARD FOR TACOMA/PIERCE COUNTY

EIN 91-1040355 · Homeowners & Tenants Associations (L50)

What they do

to PROMOTE BUSINESS DEVELOPMENT IN THE TACOMA-PIERCE COUNTY REGION of WASHINGTON STATE BY HELPING to RETAIN and ATTRACT BUSINESS IN THE AREA and to FURTHER ECONOMIC DEVELOPMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders57 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.30%of revenue went to mission work93.2% of expenses · Program services

$125.33spent for every $100 of revenueSpending was higher than revenue this year.

$1.55in assets for every $1 spent this yearSome assets cannot be spent right away.

86.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $344,268 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $225,798 for BRUCE KENDALL (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,483,697

Mission workProgram services$1,473,46642.30% of revenue93.2% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,902,01854.60% of revenueShown in gray on the chart

Total expenses$1,581,67945.40% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 93.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 45.40% of revenue

2020Expense mix: 80.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 144.35% of revenue

2016Expense mix: 0.0% mission · 0.0% management · 1.8% fundraisingTotal expenses: 36.20% of revenue

Money in and money out

Revenue$1,359,269

Expenses$1,703,537

Annual shortfall $344,268 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,473,466 · 86.5% of expenses

See all reported dollar amounts

Revenue$1,359,269

Expenses$1,703,537

Assets$2,641,254

Income$1,362,104

Contributions$1,168,571

Mission work (program services)$1,473,466

Grants given$62,500

Average grant$12,500

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BRUCE KENDALLPRESIDENT & CEO · 40 hrs/week $225,798Base $204,533 · Other $21,265

SARAH BONDSVP OF BUSINESS RECRUITMENT · 40 hrs/week $186,367Base $165,216 · Other $21,151

MADALAIN MERTONVP OF BUSINESS RETENTION · 40 hrs/week $184,953Base $163,895 · Other $21,058

DEBORAH KELLYDIRECTOR OF OPERATIONS · 40 hrs/week $184,942Base $169,279 · Other $15,663

TAMSIN BELLVP OF BUSINESS DEVELOPMENT · 40 hrs/week $170,002Base $140,528 · Other $29,474

MICHAEL CATSICEO · 40 hrs/week $58,100Base $55,984 · Other $2,116

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (57)

BRUCE KENDALLPRESIDENT & CEO

SARAH BONDSVP OF BUSINESS RECRUITMENT

MADALAIN MERTONVP OF BUSINESS RETENTION

DEBORAH KELLYDIRECTOR OF OPERATIONS

TAMSIN BELLVP OF BUSINESS DEVELOPMENT

MICHAEL CATSICEO

JOHN MCCARTHYDIRECTOR

KATIE CONDITDIRECTOR

JOHN CAULFIELDDIRECTOR

LISA GOODMANIMMEDIATE PAST CHAIR

JIM BEATTYDIRECTOR

LORI FORTE HARNICKDIRECTOR

JEMIMA MCCULLUMDIRECTOR

MARKISS COOPERDIRECTOR

MARTY CAMPBELLDIRECTOR

JASON WHALENEMERITUS

MIKE GRIFFUSDIRECTOR

MATT MCLENNANDIRECTOR

IVAN HARRELL IIDIRECTOR

MIKE DE ALWISDIRECTOR

NATHE LAWVERDIRECTOR

NIGEL ENGLISHDIRECTOR

ODETTE DANIELLODIRECTOR

RON DEBCHOUDHURYDIRECTOR

SCOTT JONESDIRECTOR

SHEILA EDWARDS LANGEDIRECTOR

STEPHANIE PLOOFDIRECTOR

STEVE SUGGDIRECTOR

THULI LUSHABADIRECTOR

VICTORIA WOODARDSAT LARGE

DAVE ZEECKEMERITUS

ALEX HOFELINGDIRECTOR

ALLAN BELTONDIRECTOR

ANDREA REAYDIRECTOR

ANDY TAKATADIRECTOR

BETT LUCASDIRECTOR

BEV LOSEYEMERITUS

BILL GAINESEMERITUS

BRIAN MARLOWAT LARGE

BRUCE DAMMEIERSECRETARY

CHRIS TUBIGDIRECTOR

CHRISTINE NAHNDIRECTOR

CURT GIMMESTADDIRECTOR

DANIEL SMITHDIRECTOR

JACKIE FLOWERSAT LARGE

DAVID HUANGDIRECTOR

DAVID MOORE DEVINECHAIR

DIANNE AROHDIRECTOR

DON CLARKDIRECTOR

DOUG OBERSTDIRECTOR

ELIZABETH PAULIDIRECTOR

ERIC JOHNSONAT LARGE

ERIK HYNESDIRECTOR

GREG BIERSACKDIRECTOR

GREGORY UNRUHDIRECTOR

HERB SIMONTREASURER

AJ MILLERDIRECTOR

About this charity

Recognized since: January 1981
Location: 950 PACIFIC AVE, TACOMA, WA 98402-4400
County: Pierce
In care of: MICHAEL CATSI
Primary officer: MICHAEL CATSI, CEO

How to reach them

WebsiteVisit the charity’s website Phone(253) 383-4726

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: UNITED STATES X ADVISORS WASHINGTON LLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Grant-giving organization: Yes