Centerra Retail Sales Fee Corporation
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-1342544
Organization Overview
Centerra Retail Sales Fee Corporation is located in Loveland, CO. The organization was established in 2006. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Centerra Retail Sales Fee 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 12/2023, Centerra Retail Sales Fee Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $453.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTING, HOLDING AND DISBURSING THE RETAIL SALES FEE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTERRA RETAIL SALES FEE CORPORATION ("RSF") WAS ESTABLISHED AS A NONPROFIT CORPORATION UNDER THE LAWS OF THE STATE OF COLORADO FOR THE PURPOSE OF COLLECTING, HOLDING AND DISBURSING THE RETAIL SALES FEE INCOME AS MANDATED UNDER THE TERMS OF THE "DECLARATION OF COVENANTS IMPOSING AND IMPLEMENTING THE CENTERRA RETAIL SALES FEE" DATED JULY 6, 2004 (COVENANTS). THESE ARE THE PRIMARY ACTIVITIES OF THE RSF. THESE ACTIVITIES SUPPORT THE PURPOSES OF THE CITY OF LOVELAND, COLORADO ESTABLISHED BY RESOLUTION OF THE LOVELAND CITY COUNCIL ON JANUARY 20, 2004 AND SUPPORT THE PUBLIC INFRASTRUCTURE PROJECT OF THE CENTERRA METRO DISTRICT NO. 1, A SUBDIVISION OF THE STATE OF COLORADO. THE RSF SERVES THE PARTICIPATING ENTITIES OF THE COVENANTS AND DISBURSES FUNDS REMITTED TO THE COLLECTION AGENCY, THE CITY OF LOVELAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Depeder President | OfficerTrustee | 1 | $0 |
Wendy Messinger Vice-President | OfficerTrustee | 1 | $0 |
Griffin Barlow Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jeff Breidenbach Asst. Secretary | OfficerTrustee | 1 | $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 | $1,024,937 |
| Investment income | $54,351 |
| 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 | $1,079,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,560 |
| Fees for services: Accounting | $29,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,667 |
| 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 | $372,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,907 |
| Insurance | $3,515 |
| All other expenses | $0 |
| Total functional expenses | $453,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,733 |
| Savings and temporary cash investments | $995,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $959,198 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,004,601 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,116,370 |
| Other liabilities | $0 |
| Total liabilities | $7,116,370 |
| 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 | -$5,111,769 |
| Total liabilities and net assets/fund balances | $2,004,601 |