Two Rivers Cdc
- Assets
- $45.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 10
- Location
- North Bend, WA
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 43-2065178
Organization Overview
Two Rivers Cdc is located in North Bend, WA. The organization was established in 2006. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Two Rivers Cdc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Rivers Cdc 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 12/2021, Two Rivers Cdc generated $110.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $106.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.3%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TWO RIVERS CDC CONDUCTED SIX SMALL BUSINESS WORKSHOP AT SIX DIFFERENT TRIBAL RESERVATIONS. THESE WORKSHOP COVERED ISSUES RELATED TO STARTING AND GROWING A SMALL BUSINESS WITH EMPHASIS ON GOVERNMENT CONTRACTING. TWO RIVERS CDC PERSONNEL CONDUCTED MULTIPLE ONE-ON-ONE COUNSELING SESSIONS WITH SMALL BUSINESS OWNERS AS WELL AS PRESENTATIONS TO TRIBAL COUNCIL ON LEVERAGING TRIBAL GRANTS TO CREATE ADDITIONAL "FOR-PROFIT" REVENUES STREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daucey Brewington President | 40 | $0 | |
Le Anne Burke Board Member | 0 | $0 | |
Lawrence Spottedbird Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,000 |
| Total Program Service Revenue | $82,568 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,568 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $76,879 |
| Professional fees and other payments to independent contractors | $10,845 |
| Occupancy, rent, utilities, and maintenance | $386 |
| Printing, publications, postage, and shipping | $440 |
| Other expenses | $18,190 |
| Total expenses | $106,740 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,050 |
| Other assets | $0 |
| Total assets | $45,060 |
| Total liabilities | $47,106 |
| Net assets or fund balances | -$2,046 |
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