Idea Inc Dtd 020186
- Assets
- $6.2m
- Revenue
- $169.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Riverton, WY
- Founding
- 02/1986
- Data as of
- 07/2022
- EIN
- 74-2396049
Organization Overview
Idea Inc Dtd 020186 is located in Riverton, WY. The organization was established in 1986. 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. Idea Inc Dtd 020186 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 07/2022, Idea Inc Dtd 020186 generated $169.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $99.2k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Idea Inc Dtd 020186 has awarded 19 individual grants totaling $110,179. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
USING WYOMING BUSINESS COUNCIL GRANT FUNDS TO CONSTRUCT ECONOMIC DEVELOPMENT INFRASTRUCTURE AND MANAGE INFRASTRUCTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS FOR MATCH PROGRAMS AND CIVIC CAUSES
EXPENDITURES FOR A MANUFACTURING WORKS FIELD ENGINEER TO PROVIDE
MANAGEMENT OF SPECIAL PURPOSE BUILDINGS BUILT WITH STATE OF WYOMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C A Moore Treas | OfficerTrustee | 4 | $0 |
K Kershisnik Sec/director | OfficerTrustee | 20 | $0 |
Lynn Mcauliff Vice President | OfficerTrustee | 1 | $0 |
Tony Tolsted Director | Trustee | 1 | $0 |
Jon Gunnison Director | Trustee | 1 | $0 |
Garth Yates Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,270 |
| Total Program Service Revenue | $0 |
| Investment income | $265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $166,272 |
| 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 | $169,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,879 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $247 |
| All other expenses | $0 |
| Total functional expenses | $99,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,086 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,570,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,188,206 |
| Accounts payable and accrued expenses | $0 |
| 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 | $183,848 |
| Other liabilities | $0 |
| Total liabilities | $183,848 |
| 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 | $6,004,358 |
| Total liabilities and net assets/fund balances | $6,188,206 |
Grants Awarded
Over the last fiscal year, Idea Inc Dtd 020186 has awarded $36,879 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERTON AMBASS PURPOSE: COMMUNITY | $10,000 |
BOYS AND GIRLS PURPOSE: START UP | $10,000 |
CWC START UP PURPOSE: START UP | $5,000 |
SHOSHONE BUS PRK PURPOSE: STUDY | $4,670 |
ALL OTHER PURPOSE: VARIOUS | $4,209 |
EAGLES HOPE PURPOSE: MATCH | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
Karis Inc Grand Junction, CO | $4,115,604 | $3,050,096 |
Aurora Economic Development Council Inc Aurora, CO | $1,245,291 | $2,876,706 |
Four Bands Community Fund Inc Eagle Butte, SD | $19,022,561 | $5,647,220 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |
Big Sky Economic Development Corporation Billings, MT | $3,059,757 | $1,982,472 |
Western Colorado Business Development Corp Grand Junction, CO | $7,096,798 | $2,689,196 |
Bear Paw Development Corp Of North Montana Hill County Courthouse Havre, MT | $10,546,975 | $3,629,842 |
Capital Matrix Inc Boise, ID | $3,302,883 | $1,706,997 |