Inland Development Corporation
- Assets
- $11.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Boardman, OR
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 20-1024004
Organization Overview
Inland Development Corporation is located in Boardman, OR. The organization was established in 2005. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inland Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Inland Development Corporation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVANCED BROADBAND FACILITIES AND SERVICES OVER A FIBER OPTIC NETWORK TO AREAS LACKING IN SERVICES ALTOGETHER OR AT RATES THAT ARE COST PROHIBITIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INLAND DEVELOPMENT CORPORATION WILL PROVIDE ADVANCED BROADBAND FACILITIES TO THE EDUCATIONAL AND PUBLIC SECTORS FOR THE ADVANCEMENT OF EDUCATION, RESEARCH AND INFORMATION SHARING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Parker President | OfficerTrustee | 2 | $0 |
Greg Smith Secretary | OfficerTrustee | 2 | $0 |
Rich Devin Vice President | OfficerTrustee | 2 | $0 |
Blake Lawrence Ceo/general Manager | Officer | 20 | $0 |
Lynn Rodriguez CFO | Officer | 10 | $0 |
Bruce Munro Cto | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,230,726 |
| Investment income | $69,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,300,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,300 |
| Grants and other assistance to domestic individuals. | $86,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350,000 |
| Advertising and promotion | $6,700 |
| Office expenses | $122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,929 |
| Insurance | $2,350 |
| All other expenses | $10,001 |
| Total functional expenses | $1,748,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686,532 |
| Savings and temporary cash investments | $4,951,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,098,520 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,016 |
| Net Land, buildings, and equipment | $3,563,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $368,538 |
| Total assets | $11,852,572 |
| Accounts payable and accrued expenses | $71,721 |
| Grants payable | $0 |
| Deferred revenue | $259,272 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $330,993 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,521,579 |
| Total liabilities and net assets/fund balances | $11,852,572 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Molalla Telephone Company Molalla, OR | $51,519,806 | $19,104,786 |
Pioneer Telephone Cooperative Philomath, OR | $33,332,473 | $13,803,671 |
Beaver Creek Cooperative Telephone Company Mt Angel, OR | $10,445,522 | $8,019,128 |
Clear Creek Mutual Telephone Company Oregon City, OR | $3,887,678 | $5,435,820 |
Oregon Fiber Partnership Portland, OR | $21,836,406 | $14,659,612 |
Scio Mutual Telephone Association Scio, OR | $17,845,456 | $4,494,478 |
Tor Project Inc Seattle, WA | $4,406,515 | $7,413,548 |
San Jose Community Media Access Corp San Jose, CA | $11,012,115 | $2,077,013 |
Monitor Cooperative Telephone Company Woodburn, OR | $6,810,177 | $2,101,129 |
Inland Development Corporation Boardman, OR | $11,852,572 | $2,300,003 |
Midpeninsula Community Media Center Inc Palo Alto, CA | $7,154,675 | $636,954 |
St Paul Cooperative Telephone Assn St Paul, OR | $3,035,100 | $1,009,678 |