Fremont County Economic Development Corp
- Assets
- $184.5k
- Revenue
- $323.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Canon City, CO
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 74-2251600
Organization Overview
Fremont County Economic Development Corp is located in Canon City, CO. The organization was established in 1988. 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. Fremont County Economic Development Corp 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 12/2021, Fremont County Economic Development Corp generated $323.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $263.2k during the year ending 12/2021. While expenses have increased by 19.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT FOR FREMONT, CO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ASSIST IN ECONOMIC DEVELOPMENT OF FREMONT COUNTY, CO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert V Brown Executive Director | Officer | 10 | $42,000 |
Alex Ewers Chairman Of The Board | Officer | 3 | $0 |
David Reynolds Treasurer | Officer | 4 | $0 |
Angela Bellantoni Vice Chair | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,295 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,785 |
| Total Program Service Revenue | $78,442 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,083 |
| 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 | $323,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,096 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $67,898 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $144 |
| Office expenses | $2,437 |
| Information technology | $8 |
| Royalties | $0 |
| Occupancy | $12,839 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,045 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,218 |
| Insurance | $1,400 |
| All other expenses | $0 |
| Total functional expenses | $263,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,963 |
| 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 | $33,553 |
| 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 | $184,516 |
| Accounts payable and accrued expenses | $2,380 |
| 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 | $0 |
| Total liabilities | $2,380 |
| Net assets without donor restrictions | $0 |
| 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 | $182,136 |
| Total liabilities and net assets/fund balances | $184,516 |
Grants Awarded
Over the last fiscal year, Fremont County Economic Development Corp has awarded $81,805 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COBALT AVENUE PURPOSE: Technical Support for servicing the grant purposes for digital communication platforms, Job Board creation and maintenance, upskill programs for workers. | $38,708 |
TWO RIVERS CONSULTING PURPOSE: Technical support, creation, and maintenance of Job board and digital communications for economic growth and community outreach. | $22,257 |
BLICKEL PURPOSE: Blickel is a social network of learning designed to track a learner's progress for internships and advancement for students. | $15,600 |
SAGE GOODWINTYEDYE SHEEP PRODUCTIONS PURPOSE: Case Studies and media creation for grants for workforce development and upskill programs. | $5,240 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fremont County Economic Development Corp has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Unbridledacts Denver, CO PURPOSE: SMALL BUSINESS DEVELOPMENT IN RURAL COLORADO | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Kansas Denver, CO | $25,496,430 | $27,631,308 |
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
First Nations Oweesta Corporation Longmont, CO | $63,460,575 | $8,550,611 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Telluride Mountain Village Owners Association Mountain Village, CO | $58,036,746 | $18,777,626 |
Cplc New Mexico Inc Phoenix, AZ | $8,008,132 | $5,703,819 |
The Alliance For Economic Development Of Oklahoma City Inc Oklahoma City, OK | $832,261 | $5,568,089 |
Viridian Residential Association Scottsdale, AZ | $3,949,158 | $4,903,376 |
Vistancia Village A Community Association Scottsdale, AZ | $3,845,113 | $4,265,306 |