Campbell County Economic Development Corporation
- Assets
- $3.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Gillette, WY
- Founding
- 04/1987
- Data as of
- 06/2021
- EIN
- 74-2378203
Organization Overview
Campbell County Economic Development Corporation, operating under the name Energy Capital Economic Development, is located in Gillette, WY. The organization was established in 1987. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Energy Capital Economic Development employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Capital Economic Development 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 06/2021, Energy Capital Economic Development generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $410.1k during the year ending 06/2021. 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 STIMULATE AND FACILITATE A DIVERSE ECONOMY THROUGH BUSINESS RETENTION, EXPANSION, AND RECRUITMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE GROWTH IN LOCAL INCOME AND EMPLOYMENT. RECRUIT NEW BUSINESSES TO LOCATE IN CAMPBELL COUNTY, WORK ON RETENTION AND EXPANSION OF EXISTING BUSINESSES INCLUDING THE RECRUITMENT AND DEVELOPMENT OF A QUALIFIED WORKFORCE.
ENTERPRISE CENTER USED IN RECRUITMENT EFFORTS IN CAMPBELL COUNTY. PROVIDES AVAILABLE LEASE SPACE TO ASSIST ENTREPRENEURS AND STARTUP BUSINESSES WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Christopherson CEO | 40 | $104,732 | |
Jeff Bumgarner President | Officer | 2 | $0 |
Brian Ailts Vice Preside | Officer | 2 | $0 |
Tom Brantz Treasurer | Officer | 2 | $0 |
Tyler Miller Secretary | Officer | 2 | $0 |
Cody Harrod Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,001,074 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,110,474 |
| Total Program Service Revenue | $88,028 |
| Investment income | $123 |
| 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 | $1,198,625 |
| 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 | $205,158 |
| Pension plan accruals and contributions | $13,129 |
| Other employee benefits | $32,601 |
| Payroll taxes | $10,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $572 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,467 |
| Travel | $3,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,546 |
| Interest | $222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,906 |
| Insurance | $14,186 |
| All other expenses | $3,483 |
| Total functional expenses | $410,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,408 |
| Savings and temporary cash investments | $58,536 |
| Pledges and grants receivable | $612,369 |
| Accounts receivable, net | $16,267 |
| 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 | $9,051 |
| Net Land, buildings, and equipment | $1,995,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $667,547 |
| Total assets | $3,740,131 |
| Accounts payable and accrued expenses | $609,716 |
| 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 | $182,976 |
| Other liabilities | $8,968 |
| Total liabilities | $801,660 |
| Net assets without donor restrictions | $2,938,471 |
| 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 | $3,740,131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
Better Business Bureau Northwest & The Pacific Meridian, ID | $12,663,037 | $21,981,546 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Yellowstone Country Montana Inc Bozeman, MT | $39,571 | $2,349,063 |
Denver South Economic Development Partnership Englewood, CO | $2,218,656 | $2,591,581 |
Idaho Association Of Realtors Inc Boise, ID | $6,354,859 | $2,460,883 |
Jackson Hole Area Chamber Of Commerce Jackson, WY | $829,957 | $1,793,971 |