2021-11-15T12:31:56-06:00 2020-12-31 470900880 CALIBRE CPA GROUP PLLC 7501 WISCONSIN AVENUE SUITE 1200 WEST BETHESDA MD 20814 990 2020-01-01 520887806 INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL INTE 2022234735 1275 K STREET NW WASHINGTON DC 20005 SHARON COY VP OF FINANCE & CFO 2022234735 2021-11-15 1 SHARON COY 999009999 KRISTIN A JACQUELIN CPA P01325865 2023319880 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEFFERY A FINKLE 1275 K STREET NW WASHINGTON DC 20005 7258490 0 X WWW.IEDCONLINE.ORG X 2001 WI EDC WORKS TO HELP ECONOMIC DEVELOPERS DO THEIR JOBS MORE EFFECTIVELY, AND TO RAISE THE PROFILE OF THE PROFESSION. IF WE SUCCEED, OUR MEMBERS CREATE MORE HIGH-QUALITY JOBS, DEVELOP MORE VIBRANT COMMUNITIES, AND GENERALLY IMPROVE THE QUALITY OF LIFE IN THEIR REGIONS. TO THAT END, WE PROVIDE INFORMATION ON TRENDS AND BEST PRACTICES, NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT COURSES AND NUMEROUS OTHER SERVICES. 56 55 40 100 108706 91784 864726 1088338 5430976 6119074 66665 51078 0 0 6362367 7258490 0 0 0 0 3251395 3885372 0 0 0 3200548 2796344 6451943 6681716 -89576 576774 6479765 7664446 2961118 3034725 3518647 4629721 X IEDC WORKS TO HELP ECONOMIC DEVELOPERS DO THEIR JOBS MORE EFFECTIVELY, AND TO RAISE THE PROFILE OF THE PROFESSION. IF WE SUCCEED, OUR MEMBERS CREATE MORE HIGH-QUALITY JOBS, DEVELOP MORE VIBRANT COMMUNITIES, AND GENERALLY IMPROVE THE QUALITY OF LIFE IN THEIR REGIONS. TO THAT END, WE PROVIDE INFORMATION ON TRENDS AND BEST PRACTICES, NETWORKING OPPORTUNITIES, PROFESSIONAL DEVELOPMENT COURSES AND NUMEROUS OTHER SERVICES. 0 0 3350372 6010368 THE IEDC ADVISORY SERVICES AND RESEARCH (ASR) DEPARTMENT WORKED TO IMPROVE ECONOMIC OPPORTUNITIES FOR COMMUNITIES AND REGIONS PROVIDED TECHNICAL ASSISTANCE AND CUSTOMIZED ANALYSIS THAT HELPED CREATED SUSTAINABLE ECONOMIC DEVELOPMENT SOLUTIONS. WE KEPT ECONOMIC DEVELOPMENT PROFESSIONALS INFORMED ON ISSUES AND TRENDS IN THE FIELD THROUGH RESEARCH, PUBLICATIONS AND INFORMATION DISSEMINATION. 3350372 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 40 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 56 55 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 WI OH X SHARON COY 2022234735 1275 K STREET NW WASHINGTON DC 20005 KENNY MCDONALD BOARD CHAIR 25.00 X X 0 0 0 TOM KUCHARSKI BOARD VICE CHAIR 20.00 X X 0 0 0 TODD GREENE BOARD SECRETARY/ TREASURER 20.00 X X 0 0 0 JONAS PETERSON CHAIR, PLANNING AND BUSINESS DEVELOPMENT 15.00 X X 0 0 0 AMY CLICKNER CHAIR, EXTERNAL MEMBER RELATIONS 15.00 X X 0 0 0 SCOTT MARTINEZ CHAIR, PERFORMANCE OVERSIGHT AND MONITORING 15.00 X X 0 0 0 CRAIG RICHARDS IMMEDIATE PAST BOARD CHAIR 15.00 X X 0 0 0 MARVA BRYAN DIRECTOR, AUDIT COMMITTEE 15.00 X 0 0 0 CHRIS CAMACHO DIRECTOR 10.00 X 0 0 0 DANIELLE CASEY DIRECTOR 10.00 X 0 0 0 MICHAEL CATSI DIRECTOR 10.00 X 0 0 0 BARBRA COFFEE DIRECTOR 10.00 X 0 0 0 JIM COLLARD DIRECTOR, AUDIT COMMITTEE CHAIR 15.00 X 0 0 0 RODNEY CRIM DIRECTOR 10.00 X 0 0 0 WILLIAM CRONIN DIRECTOR 10.00 X 0 0 0 JULIE CURTIN DIRECTOR 10.00 X 0 0 0 LINDA DIMARIO DIRECTOR 10.00 X 0 0 0 LARA FRITTS DIRECTOR 10.00 X 0 0 0 GYNII GILLIAM DIRECTOR 10.00 X 0 0 0 CECELIA HARRY DIRECTOR 10.00 X 0 0 0 CLYDE HIGGS DIRECTOR 10.00 X 0 0 0 GREGORY HITCHIN DIRECTOR 10.00 X 0 0 0 MOLLY HOWEY DIRECTOR 10.00 X 0 0 0 EIAN JOHNSON DIRECTOR 10.00 X 0 0 0 SEONAH KENDALL DIRECTOR 10.00 X 0 0 0 LINDSEY KIMBALL DIRECTOR 10.00 X 0 0 0 RONALD KITCHENS DIRECTOR 10.00 X 0 0 0 ELOISA KLEMENTICH DIRECTOR 10.00 X 0 0 0 CHRIS KNIGHT DIRECTOR 10.00 X 0 0 0 MAUREEN KRAUSS DIRECTOR 10.00 X 0 0 0 HEATHER LALONDE DIRECTOR 10.00 X 0 0 0 BARB LAMUE DIRECTOR 10.00 X 0 0 0 ALLISON LARSEN DIRECTOR 10.00 X 0 0 0 TODD LARSON DIRECTOR 10.00 X 0 0 0 DAVID LEEZER DIRECTOR 10.00 X 0 0 0 PENNY LEWANDOWSKI DIRECTOR 10.00 X 0 0 0 AMY CASE-MADISON DIRECTOR 10.00 X 0 0 0 QUENTIN MESSER DIRECTOR 10.00 X 0 0 0 BETHANY MILLER DIRECTOR 10.00 X 0 0 0 RODRICK MILLER DIRECTOR 10.00 X 0 0 0 MARY ANN MOON DIRECTOR 10.00 X 0 0 0 JONATHAN MORGAN DIRECTOR 10.00 X 0 0 0 MIKE NEAL DIRECTOR 10.00 X 0 0 0 TRACEY NICHOLS DIRECTOR 10.00 X 0 0 0 DIANE PALMINTERA DIRECTOR 10.00 X 0 0 0 SUZI PEGG DIRECTOR 10.00 X 0 0 0 DON PIERSON DIRECTOR 10.00 X 0 0 0 COURTNEY POGUE DIRECTOR 10.00 X 0 0 0 LYNEIR RICHARDSON DIRECTOR 10.00 X 0 0 0 JAN ROGERS DIRECTOR 10.00 X 0 0 0 GILBERTO SALINAS DIRECTOR 10.00 X 0 0 0 DAN SILVERMAN DIRECTOR 10.00 X 0 0 0 MICHAEL TAYLOR DIRECTOR 10.00 X 0 0 0 MARTY VANAGS DIRECTOR 10.00 X 0 0 0 BEN WRIGHT DIRECTOR 10.00 X 0 0 0 JEFFREY FINKLE PRESIDENT & CEO 40.00 X X 342737 0 80470 SHARON COY VP OF FINANCE AND CFO 40.00 X 148992 0 32479 JUANITA CLOGSTON VP OF KMD 40.00 X 147150 0 6395 PHILIP GOODWIN VP OF MEMBER RELATIONS 40.00 X 125686 0 21858 MATTHEW MULLIN VP OF POLICY & COMMUNICATIONS 40.00 X 121742 0 22850 886307 0 164052 5 0 1 0 GRANITE LLC 1250 4TH STREET SANTA MONICA CA 90401 LEASE/RENT EXPENSE 288102 THE CHOICE 1767 P STREET NW WHASHINTON DC 20036 TEMP AGENCY 177062 NOURICK & ASSOCIATES LLC 13380 NW 11TH LANE FT LAUDERDALE FL 33323 CONSULTANT 164873 3 1087988 350 1088338 CONFERENCE 900099 2090270 2090270 EDUCATION/CERTIFICATIO 900099 1405818 1405818 MEMBER DUES 900099 1401850 1401850 ADVISORY SERVICES 900099 1112430 1112430 EMPLOYMENT SERVICES 561300 108706 108706 6119074 51078 51078 7258490 6010368 108706 51078 X 604680 63481 541199 2381668 1260462 1121206 277644 123088 154556 438155 194248 243907 183225 81229 101996 36365 36365 1398944 1175377 223567 7325 7325 335622 180650 154972 55559 55559 245689 245689 76739 26637 50102 162859 137444 25415 91291 91291 58945 58945 BANK CHARGES 176299 176299 DESIGN 60967 60967 DUES AND SUBSCRIPTIONS 53007 35459 17548 MISCLLANEOUS 22070 4005 18065 14663 14663 6681716 3350372 3331344 0 909777 1147264 608775 799910 806987 1932942 30234 27446 423962 374162 1057030 804067 328330 252963 2856940 2559277 500122 555844 14638 14638 6479765 7664446 340155 485413 1786055 1684580 834908 864732 2961118 3034725 X 3396683 4507407 121964 122314 3518647 4629721 6479765 7664446 X 576774 534300 X X 0 1 X 1 1 1 X 2105682 2215632 2150441 864726 1087988 8424469 3970752 3967706 3896954 5268826 6010368 23114606 6076434 6183338 6047395 6133552 7098356 31539075 0 0 0 31539075 36822 42728 44417 66665 51078 241710 36822 42728 44417 66665 51078 241710 132561 133031 109918 152805 108706 637021 6245817 6359097 6201730 6353022 7258140 32417806 0.97290 0.97140 0.00750 0.00720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1057030 804067 252963 252963 DEFERRED COMPENSATION INVESTMENT 555844 C 555844 DEFERRED RENT EXPENSE 308888 DEFERRED COMPENSATION LIABILITY 555844 864732 X 7991708 198918 534300 733218 7258490 0 7258490 6880634 198918 198918 6681716 0 6681716 PART X, LINE 2: THE COUNCIL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE COUNCIL'S TAX POSITIONS AND HAS CONCLUDED THAT THE COUNCIL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE COUNCIL WOULD BE LIABLE FOR INCOME TAXES IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE COUNCIL IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTION FROM PPP LOAN 534,300. 1 X X X X X 0 0 0 0 0 0 0 0 0 JEFFREY FINKLE PRESIDENT & CEO 336737 0 0 0 6000 0 40184 0 40286 0 423207 0 0 0 SHARON COY VP OF FINANCE AND CFO 144043 0 2000 0 2949 0 0 0 32479 0 181471 0 0 0 JUANITA CLOGSTON VP OF KMD 145150 0 2000 0 0 0 0 0 6395 0 153545 0 0 0 PHILIP GOODWIN VP OF MEMBER RELATIONS 123686 0 2000 0 0 0 0 0 21858 0 147544 0 0 0 MATTHEW MULLIN VP OF POLICY & COMMUNICATIONS 119742 0 2000 0 0 0 0 0 22850 0 144592 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDED A COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C IEDC WILL PERIODICALLY REQUIRE EACH BOARD MEMBER TO COMPLETE A CONFLICT OF INTEREST FORM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE REVIEWS THE EMPLOYMENT AGREEMENT AND COMPENSATION ANNUALLY. THEY ARE COMPARED AGAINST OTHER NON-PROFITS WITH COMPARABLE SIZE. IEDC HAD AN ORGANIZATIONAL COMPENSATION STUDY COMPLETED BY QUATT ASSOCIATES DURING 2016. STAFF SALARIES WERE ADJUSTED TO THE MEDIAN SALARY FOR ALL POSITIONS ON THE ANNIVERSARY DATE OF EACH EMPLOYEE'S LAST SALARY INCREASE IN 2017. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE CFO. THE CONFLICT OF INTEREST INFORMATION CAN BE REQUESTED FROM THE PRESIDENT & CEO. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 1,175,377. MANAGEMENT AND GENERAL EXPENSES 223,567. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,398,944. FORM 990, PART XI, LINE 9: CONTRIBUTION FROM PPP LOAN 534,300. FORM 990, PART XII, LINE 2C IEDC'S AUDIT COMMITTEE IS COMPRISED OF 3 BOARD MEMBERS WHO HAVE OVERSIGHT OF THE AUDIT PROCESS. THE ORGANIZATION'S AUDITOR SENDS CORRESPONDENCE DIRECTLY TO THESE INDIVIDUALS INCLUDING REVIEW OF THE AUDIT REPORT AND WRITTEN COMMUNICATIONS.