Public Charity

THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS INNOVATION

THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS INNOVATION is a Public Charity headquartered in LACEY, WA. Financial data from the 2024 filing: $3.2M revenue, $3.1M expenses, $470K total assets. 22 publicly reported grants to this organization, totaling roughly $448K, appear in IRS filings.

EIN: 911561600 LACEY, WA Latest filing: 2024
Total Revenue$3.2M
Total Expenses$3.1M
Total Assets$470K
Grant Records22
Funding Total$448K
Filing Years2019–2024

Mission

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

Where $100 goes at Thurston Economic Development Council Center for Business Innovation

How Thurston Economic Development Council Center for Business Innovation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$88 Programs the work itself
$12 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $88 for programs

$63
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
71% of program spending
$17
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
20% of program spending · Reported in the filing: 300 members
$8
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…
9% of program spending · Reported in the filing: 12 businesses; 226 hours; 10 events
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Chris Lester
VICE PRESIDENT Denise Sawatzky
PRESIDENT Grace Kendall
DIRECTOR Jennica Machado
DIRECTOR Kevin Leneker
DIRECTOR Matthew Kilfman

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$199,682 16 grants
Economic Development
$198,218 3 grants
Health & Medicine
$50,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.2M $3.1M $470K
2023 $4.1M $4.2M $625K
2022 $1.9M $1.8M $631K
2020 $2.1M $1.8M $773K
2019 $543K $575K $125K

Between 2019 and 2024, reported annual revenue grew from $543K to $3.2M (+481%), with total assets most recently reported at $470K.

Interactive year-over-year charts and full filing details available with membership.

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