Middle Rio Grande Economic Development Association
- Assets
- $52.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Socorro, NM
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-3340766
Organization Overview
Middle Rio Grande Economic Development Association is located in Socorro, NM. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Rio Grande Economic Development Association 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, Middle Rio Grande Economic Development Association generated $98.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $62.6k during the year ending 12/2022. While expenses have increased by 11.9% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WORKING WITH EMPLOYERS AND NEW BUSINESSES IN THE AREA TO INCREASE JOBS AND ENHANCE ECONOMIC CLIMATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Gamboa Chairperson | 10 | $0 | |
Michael Olguin Vice Chairperson | 10 | $0 | |
Gail Rogers-Tripp Secretary | 5 | $0 | |
Wendi Otero Treasurer | 10 | $0 | |
Kim Skinner Board Member | 5 | $0 | |
Nick Keller Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,800 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,875 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,675 |
| 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 | $38,400 |
| Occupancy, rent, utilities, and maintenance | $400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,799 |
| Total expenses | $62,599 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,420 |
| Other assets | $0 |
| Total assets | $52,420 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,420 |