Lincoln County Economic Development Corporation
- Assets
- $242.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Limon, CO
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-0274228
Organization Overview
Lincoln County Economic Development Corporation is located in Limon, CO. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln County Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lincoln County Economic Development Corporation generated $162.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $133.7k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Mccue Executive Director | 45 | $73,750 | |
Raejean Palko Sbdc Assistant | 30 | $27,511 | |
David Churchwell President | 5 | $0 | |
Sarah Pinkerton Vice President | 2 | $0 | |
Randy Younger Secretary | 2 | $0 | |
Linda Hawthorne Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,429 |
| Total Program Service Revenue | $63,579 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,325 |
| Total Revenue | $162,333 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $113,988 |
| Professional fees and other payments to independent contractors | $1,892 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,453 |
| Other expenses | $16,371 |
| Total expenses | $133,704 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $209,191 |
| Other assets | $0 |
| Total assets | $242,023 |
| Total liabilities | $2,804 |
| Net assets or fund balances | $239,219 |