Saguache Works
- Assets
- $144.1k
- Revenue
- $94.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Saguache, CO
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 45-4836872
Organization Overview
Saguache Works is located in Saguache, CO. The organization was established in 2013. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Saguache Works employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saguache Works 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, Saguache Works generated $94.4k 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 (5.3%) each year. All expenses for the organization totaled $90.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A PROSPEROUS COMMUNITY THROUGH ECONOMIC STIMULATION, JOB CREATION AND TRAINING; TO PROMOTE HEALTHY LIFESTYLES THROUGH EXERCISE, HEALTHY FOOD, EDUCATION AND THE CREATION OF COMMUNITY.
Describe the Organization's Program Activity:
ECONOMIC STIMULATION: OUR BUILDING HOUSES A FOOD STORE, A THRIFT STORE AND AN EXERCISE STUDIO, AS WELL AS ONE BUSINESS RENTAL AND TWO AFFORDABLE APARTMENTS. THESE ACTIVITIES CREATE JOBS & COMMERCE. THE WELCOME CENTER LOCATED WITHIN THE FOOD STORE SELLS LOCAL ARTS, CRAFTS, AND HOMEGROWN TOTES, PRODUCED IN PRIOR YEARS UNDER THE FIBER INITIATIVE, ARE STILL MARKETED. OUR TWO BUSINESSES, EXERCISE STUDIO AND INDEPENDENTLY RUN CAFE CREATE A NEXUS FOR ACTIVITY AND COMMERCE. TOGETHER WITH JOB CREATION, THEY HELP US BUILD A VIBRANT COMMUNITY.
EXERCISE: ALTHOUGH GATHERING WAS RESTRICTED DURING PART OF THE PANDEMIC, WE WERE ABLE TO MAKE OUR EXERCISE STUDIO AVAILABLE LATER IN YEAR. FREE EXERCISE AND YOGA CLASSES WERE CARRIED ON AND HEALTH PRACTITIONERS REGULARLY USE THE SPACE TO OFFER SERVICES BY RESERVATION. CLASSES ARE TAUGHT. THE SPACE IS AVAILABLE FOR COMMUNITY MEETINGS BY RESERVATION.
LOCAL HEALTHY FOODS: THROUGH THE FOOD STORE, WE MET THE NEEDS OF THE COMMUNITY COMING OUT OF THE PANDEMIC. ADJUSTED INVENTORY TO ACCOMMODATE SPECIAL NEEDS. SUPPORTED PARTNERSHIP WITH VALLEY ROOTS FOOD HUB AND LOCAL VENDORS FOR DISTRIBUTION OF LOCALLY PRODUCED FOODS. CREATED JOBS IN RETAIL STORES. ACCEPTED FOOD STAMPS AND EXECUTED DOUBLE UP FOOD BUCKS PROGRAM TO GIVE-AWAY PRODUCE. WE OFFERED 20% DISCOUNTS TO CUSTOMERS 60 AND OLDER. ABOUT 60% OF OUR SALES ARE SUBJECT TO THIS DISCOUNT OR ABOUT 1,000 CUSTOMER-SALES/YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Anderson President | OfficerTrustee | 4 | $0 |
Judith Page Vice President | OfficerTrustee | 25 | $0 |
Genevieve James Secty-Treasurer | OfficerTrustee | 8 | $0 |
Sarah Krantz Director | Trustee | 4 | $0 |
Liza Marron Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,286 |
| Total Program Service Revenue | $1,325 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,590 |
| 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 | $30,196 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,352 |
| 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 | $37,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $779 |
| Payroll taxes | $3,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,453 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,643 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,482 |
| Insurance | $3,088 |
| All other expenses | $0 |
| Total functional expenses | $90,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $275 |
| 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 | $11,696 |
| Prepaid expenses and deferred charges | -$1 |
| Net Land, buildings, and equipment | $121,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,117 |
| Accounts payable and accrued expenses | $1,886 |
| 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 | $34,943 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,829 |
| Net assets without donor restrictions | $107,288 |
| 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 | $144,117 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saguache Works has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: RENOVATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |
Partnership For Economic Innovation Tempe, AZ | $1,809,665 | $4,093,737 |
Albuquerque Convention & Visitors Bureau Inc Albuquerque, NM | $3,028,509 | $4,018,411 |
Greater Northwest Kansas Community Foundation Bird City, KS | $47,390,567 | $21,199,864 |
Karis Inc Grand Junction, CO | $4,115,604 | $3,050,096 |