Economic Development Alliance of Skagit County Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To promote a growing and balanced economy for Skagit County, WA.
- Income
- $1.2 million
- Spending
- $1.2 million
- Spent on programs
- 75%
- Reserves
- 6 months of spending
- Largest source of income
- fees for its services, 61%
- Employees
- 9
- Volunteers
- 83
- Highest pay
- $236,925, ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 75 out of 100. Higher than 58% of charities in its peer group (education, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 6.0 months of spending.
Debt
10 of 20It owes 40% of what it owns.
Living within its means
12 of 15Income exceeded spending by 2% of income.
Income trend
10 of 15Income fell 2% on the year before.
Spending floor
15 of 1575% of spending went to programs and raising each dollar of donations cost 20 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 94 out of 100. Higher than 67% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 2522 of 22 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
9 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $598,074 spent. 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, accessing 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.
- $95,162 spent. Leadership Skagit, in partnership with Skagit Valley College, is a 9-month experiential learning course, developing leadership skills in nearly 600 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.
- $219,476 spent. 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 under-represented 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1996.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.