Chaffee County Economic Development Corporation
- Assets
- $144.1k
- Revenue
- $337.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Salida, CO
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-1843812
Organization Overview
Chaffee County Economic Development Corporation is located in Salida, CO. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Chaffee County Economic Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chaffee County Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Chaffee County Economic Development Corporation generated $337.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $327.1k during the year ending 12/2022. While expenses have increased by 11.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAFFEE COUNTY ECONOMIC DEVELOPMENT CORPORATIONS MISSION STATEMENT IS TO ASSURE THAT CHAFFEE COUNTY IS OPEN FOR BUSINESS AND PROMOTE THE RETENTION, EXPANSION, AND CREATION OF JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAN-MARCH 22 - RECRUITED AND ONBOARDED ADDITIONAL (NOW 25+) LOCAL AND STATEWIDE BUSINESS ADVISORS FOR OUR MENTOR NETWORK: HTTPS://DRIVENBYNATURE.CO/MENTORS/JAN-MARCH 22 - GREW FOLLOWERS ON OUR VARIOUS SOCIAL MEDIA CHANNELS FOR THE EDC AND INITIATIVE:OLINKEDIN - HTTPS://WWW.LINKEDIN.COM/COMPANY/CHAFFEE-COUNTY-EDC OINSTAGRAM - WWW.INSTAGRAM.COM/DRIVENBYNATURE.CO JAN. 22 - EXECUTED OUR 125-ATTENDEE COMMUNITY LAUNCH EVENT, DRIVEN BY NATURE: A CELEBRATION OF MAKERS AND DOERS AT THE STEAMPLANT EVENTS CENTER IN SALIDA: HTTPS://DRIVENBYNATURE.CO/BLOG/CENTRAL-MOUNTAIN-ASCENT-LAUNCH-EVENT-RECAP/JAN 22 - FURTHER SOLICITATION OF COMPANY APPLICATIONS, THEN VETTED AND SELECTED A COHORT OF 10 BUSINESSES TO PARTICIPATE IN OUR ASCENT BUSINESS ACCELERATOR PROGRAM. MEET THE COHORT HERE: HTTPS://DRIVENBYNATURE.CO/2022-COHORT/FEB.-MARCH 22 - PLANNED, SCHEDULED, EXECUTED WEEKLY ASCENT COHORT TRAININGS, INCLUDING LEAN CANVAS, KEY METRICS, GOAL SETTING, PITCH TRAINING, AND A CAPITAL SOURCES REVERSE PITCH. MARCH 22 - BEGAN 1:1 INTRODUCTIONS BETWEEN ASCENT COHORT AND ASCENT MENTORS, 15+ TO DATE. THOSE MENTORING INTERACTIONS ARE ONGOING. JAN-MARCH 22 - CONTINUED RECRUITMENT OF CENTRAL MOUNTAIN ANGELS, A LOCAL INVESTOR NETWORK TO SUPPORT LOCAL COMPANY GROWTH. MARCH 31 STRATEGY SESSION INCLUDING 6 EXPERIENCED INVESTORS WHO LIVE LOCALLY, DESIGNED TO FURTHER REFINE OUR STRATEGY FOR FINDING AND ENGAGING OTHER INVESTORS LOCALLY. APRIL 22 - PLANNED, SCHEDULED, EXECUTED WEEKLY ASCENT COHORT TRAININGS, INCLUDING LEAN CANVAS, KEY METRICS, GOAL SETTING, PITCH TRAINING, AND A CAPITAL SOURCES REVERSE PITCH.APRIL 22 - PLANNED AND EXECUTED A HIGHLY SUCCESSFUL FIRST ANNUAL STARTUP SUMMIT EVENT ON APRIL 28TH AT THE SURF HOTEL IN BUENA VISTA, COLORADO. OGRADUATED FIRST COHORT AND RECOGNIZED THEM ONSTAGE OSOLD OUT ATTENDANCE AT 150 GUESTS, INCLUDING LOCAL AND STATEWIDE ENTREPRENEURS, INVESTORS, ADVISORS, AND MENTORS. INCLUDED NUMEROUS LOCAL POLICY MAKERS AND FUTURE FUNDERS. OEVENT RECAP BLOG HERE: HTTPS://DRIVENBYNATURE.CO/BLOG/ASCENT-STARTUP-SUMMIT-2022-RECAP/ OINSPIRATIONAL HEADLINE STARTUP STORIES FROM ENTREPRENEURS OBEST PRACTICES INTERVIEW WITH ELIZABETH MARSH, EXECUTIVE DIRECTOR, SCAPE DURANGO ACCELERATOR APRIL-JUNE 22 - RECRUITED AND ONBOARDED ADDITIONAL (NOW 30+) LOCAL AND STATEWIDE BUSINESS ADVISORS FOR OUR MENTOR NETWORK: HTTPS://DRIVENBYNATURE.CO/MENTORS/ APRIL-JUNE 22 - GREW FOLLOWERS ON OUR VARIOUS SOCIAL MEDIA CHANNELS FOR THE EDC AND INITIATIVE: OLINKEDIN - HTTPS://WWW.LINKEDIN.COM/COMPANY/CHAFFEE-COUNTY-EDC OINSTAGRAM - WWW.INSTAGRAM.COM/DRIVENBYNATURE.CO JUNE 22 - INITIATED AN INTERNAL REVIEW PROCESS TO REFINE AND IMPROVE ASCENT ACCELERATOR FOR NEXT FALLS SECOND CYCLE. MAY-JUNE 22 - CONTINUED 1:1 INTRODUCTIONS BETWEEN ASCENT COHORT AND ASCENT MENTORS, 20+ TO DATE. THOSE MENTORING INTERACTIONS ARE ONGOING. MAY-JUNE 22 - CONTINUED RECRUITMENT OF CENTRAL MOUNTAIN ANGELS, A LOCAL INVESTOR NETWORK TO SUPPORT LOCAL COMPANY GROWTH. INITIAL GROUP OF 6NOW 8 INVESTORS WHO LIVE LOCALLY, DESIGNED TO FURTHER REFINE OUR STRATEGY FOR FINDING AND ENGAGING OTHER INVESTORS LOCALLY. HEARD FIRST PITCHES FROM DIFFERENTKIND (BV), FADING WEST (BV). FIRST INVESTMENTS EXPECTED SUMMER OF 22. JULY-SEPT. 22 - CONTINUED DEVELOPMENT OF CENTRAL MOUNTAIN ANGELS: OREBRANDED TO ARK_ANGELS, BASED ON INVESTOR PREFERENCES. OCONTINUED HEARING NEAR MONTHLY PITCHES FROM LOCAL ENTREPRENEURS, INCLUDING DIFFERENTKIND (BV), COLORADO CENTRAL TELECOM (BV), ZOMBEES (BV), AND PIDGI (BV) OCREATED LOGO & BRANDING: FIRST INVESTMENTS AGREED AND FUNDS DELIVERED, TOTALING $355,000 IN TWO DEALS JULY-SEPT. 22 - CONTINUED MONTHLY ENGAGEMENTS WITH KEY COHORT LEADERSHIP TEAMS, LEADING TO CONTINUED INTRODUCTIONS AND EDUCATION. CONTINUED 1:1 INTRODUCTIONS BETWEEN ASCENT COHORT AND ASCENT MENTORS, 20+ TO DATE. THOSE MENTORING INTERACTIONS ARE ONGOING. JULY-SEPT. 22 - INITIATED AN INTERNAL REVIEW PROCESS TO REFINE AND IMPROVE ASCENT ACCELERATOR FOR NEXT FALLS SECOND CYCLE. RESULTED IN NEW FOR 2023 EVENTS AND SERVICES:OPOWDER_PITCH AT MONARCH MOUNTAIN (MARCH, GRAPHICS BELOW) ORIVER_PITCH ON THE ARKANSAS RIVER (MAY, GRAPHICS IN DEVELOPMENT) ONEW ASCENT APPLICATION PROCESS, INCLUDING SLIDE DECKS AND SHORT VIDEO FORMATOARK_ANGELS INVOLVEMENT IN SELECTION, SUPER-MENTORS FOR COHORT 2 JULY 22 - HOSTED VISITING DELEGATION FROM OREC & THE WRIGHT, SUPPORTING TWO DAYS OF PROGRAMMING JULY 22 - HOSTED DELEGATION FROM OEDIT ECONOMIC DEVELOPMENT COMMISSION AUGUST 22 - HOSTED AND TOURED REPS FROM THE OFFICE OF U.S. SENATOR JOHN HICKENLOOPER SEPT. 22 - DESIGNED AND LED A DENVER STARTUP WEEK PANEL TO SHOWCASE OUR LOCAL ECOSYSTEM, TITLED ECONOMIC ENGINES: MOBILIZING STARTUP + ANGEL INVESTOR ECOSYSTEMS JULY-SEPT. 22 - RECRUITED AND ONBOARDED ADDITIONAL (NOW 35+) LOCAL AND STATEWIDE BUSINESS ADVISORS FOR OUR MENTOR NETWORK: HTTPS://DRIVENBYNATURE.CO/MENTORS/ APRIL-JUNE 22 - GREW FOLLOWERS ON OUR VARIOUS SOCIAL MEDIA CHANNELS FOR THE EDC AND INITIATIVE: OLINKEDIN - HTTPS://WWW.LINKEDIN.COM/COMPANY/CHAFFEE-COUNTY-EDC OINSTAGRAM - WWW.INSTAGRAM.COM/DRIVENBYNATURE.CO OCT. -DEC. 22 - RECRUITED AND SELECTED ASCENT COHORT #2 (WINTER 23 COHORT), WHICH HAS SINCE BEEN POSTED ONLINE: HTTPS://DRIVENBYNATURE.CO/2023COHORT/ BEGAN PLANNING FOR ASCENT LAUNCH EVENT, JAN. 19TH AT THE STEAMPLANT EVENTS CENTER IN SALIDA BEGAN PLANNING FOR POWDER_PITCH AT MONARCH MOUNTAIN OCT. -DEC. 22 - CONTINUED DEVELOPMENT OF ARK_ANGELS INVESTOR NETWORK OCONTINUED HEARING NEAR MONTHLY PITCHES FROM LOCAL ENTREPRENEURS OEXPLORING SPV VS. MICRO-FUND APPROACHES IN CONSULTATION WITH ROCKIES VENTURE CLUB, COLORADO ANGEL NETWORK, SCAPE ACCELERATOR (DURANGO), AND OTHERS. ONEW DEAL IN PLAY WITH ZOMBEEZ OCT. -DEC. 22 - CONTINUED MONTHLY ENGAGEMENTS WITH KEY COHORT 1 LEADERSHIP TEAMS, LEADING TO CONTINUED INTRODUCTIONS AND EDUCATION. CONTINUED 1:1 INTRODUCTIONS BETWEEN ASCENT COHORT AND ASCENT MENTORS. THOSE MENTORING INTERACTIONS ARE ONGOING. OCT. -DEC. 22 - RECRUITED AND ONBOARDED ADDITIONAL (NOW 40+) LOCAL AND STATEWIDE BUSINESS ADVISORS FOR OUR MENTOR NETWORK: HTTPS://DRIVENBYNATURE.CO/MENTORS/ OCT. -DEC. 22 - GREW FOLLOWERS ON OUR VARIOUS SOCIAL MEDIA CHANNELS FOR THE EDC AND INITIATIVE: OLINKEDIN - HTTPS://WWW.LINKEDIN.COM/COMPANY/CHAFFEE-COUNTY-EDC OINSTAGRAM - WWW.INSTAGRAM.COM/DRIVENBYNATURE.CO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Rishavy Executive Director | 40 | $109,500 | |
David Blazer Chairman | OfficerTrustee | 2 | $0 |
Joe Smith Vice-Chairman | OfficerTrustee | 2 | $0 |
Gwen Allen Secretary | OfficerTrustee | 2 | $0 |
Erik Young Treasurer | OfficerTrustee | 2 | $0 |
Carlin Walsh Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $106,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,873 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,686 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| 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 | $337,507 |
| 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. | $109,500 |
| Compensation of current officers, directors, key employees. | $32,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,570 |
| Advertising and promotion | $3,253 |
| Office expenses | $2,106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,662 |
| Travel | $870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,059 |
| All other expenses | $2,994 |
| Total functional expenses | $327,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,055 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,055 |
| 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 | $0 |
| Other liabilities | $14,673 |
| Total liabilities | $14,673 |
| Net assets without donor restrictions | $129,382 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $144,055 |