Palouse Knowledge Corridor Corporation is located in Moscow, ID. 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. Palouse Knowledge Corridor 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, Palouse Knowledge Corridor Corporation generated $66.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $29.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUMMARY OF 2023 ACCOMPLISHMENTSECOSYSTEM MAP (BY FAR THE MOST REQUESTED TOOL NEEDED IN THE REGION) (1) SUBMITTED AND AWARDED A $21,000 GRANT FROM USDA-RD FOR THE 3-YEAR PROJECT, WITH MATCHING FUNDS PROVIDED BY ONE PALOUSE MEMBER ORGANIZATIONS (2) LAUNCHED ECOSYSTEM MAP (INWCONNECT.COM) PHASE 1: SELF-INDEXING BUSINESS RESOURCE GUIDE (3) LAUNCHED INWCONNECT PHASE 2: SELF-INDEXING WORKFORCE MODULE (AREA LIVING WAGE CAREER OPPORTUNITIES)IP MENTORING/ADVISORY BOARD PROJECT (1) INTERVIEWED SIX WELL-RESPECTED PROGRAMS ACROSS THE UNITED STATES FROM WHICH TO MODEL PROGRAM (2) IDENTIFIED TWO NEW IP MENTORING PROGRAMS IN SPOKANE TO FILL THIS GAP IN THE PALOUSE, CREATING A PARTNERSHIP WITH BOTH ORGANIZATIONS (LAUNCHPAD & SP3NW MEMBERSHIP)PRODUCED THE AMENDED AND RESTATED BYLAWS, ENABLING ONE PALOUSE TO REALIGN WITH ITS NEW STRATEGIC DIRECTIONSECURED A REPLACEMENT APPOINTEE FROM WSU FOR THE BOARD (WELCOME MICHAEL!)ONE PALOUSE NAMED THE ECONOMIC DEVELOPMENT TEAM MEMBER FOR THE FIERCE ENGINE($1 MILLION IN STARTUP FUNDS STARTING IN 2024), SECURING PARTIAL FUNDING FOR ONE PALOUSE DIRECTORS SALARY, AND CREATING AN OPPORTUNITY FOR UP TO $160 MILLION IN FUTURE FUNDINGSUBMITTED $20,000 GRANT PROPOSAL FOR THE STAY LOCAL PROJECT COMMUNITY RETURN ON INVESTMENTONE PALOUSE HAS BECOME KNOWN FOR ITS LEADERSHIP IN COMMUNITY INVOLVEMENT AND ECONOMIC DEVELOPMENTGREW ONE PALOUSES ROLE AS A CONDUIT BETWEEN THE REGION AND THE UNIVERSITIES FOR ECONOMIC DEVELOPMENT EFFORTSINCREASED ACCESS TO SUPPORT RESOURCES FOR LOCAL BUSINESS THROUGH INWCONNECT.COMLEADING THE PALOUSE REGIONAL EFFORT TO ACT AS ONE COMMUNITY, IMPROVING COMMUNICATION AND BUY-IN FOR PARTNERSHIPS OVER STATE AND LOCAL BOUNDARIES, CREATING A MORE WELCOMING BUSINESS RECRUITING AND RETENTION ATMOSPHERE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian Kraft President | 1 | $0 | |
Christopher Nomura Vice President | 1 | $0 | |
Karl Webber Director | 1 | $0 | |
Tom Handy Director | 1 | $0 | |
Tom Lamar Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $66,000 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $66,000 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $2,760 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $26 |
Other expenses | $26,952 |
Total expenses | $29,738 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $73,909 |
Other assets | $0 |
Total assets | $99,326 |
Total liabilities | $0 |
Net assets or fund balances | $99,326 |