Idea Inc Dtd 020186
- Assets
- $6.4m
- Revenue
- $191.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Riverton, WY
- Founding
- 02/1986
- Data as of
- 07/2024
- 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 07/2024, Idea Inc Dtd 020186 generated $191.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $96.8k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Idea Inc Dtd 020186 has awarded 38 individual grants totaling $137,632. 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
2024
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 Pres/treasurer | OfficerTrustee | 8 | $0 |
Jon Gunnison Director | Trustee | 1 | $0 |
K Butterfield Director | Trustee | 1 | $0 |
K Kershisnik Sec/director | OfficerTrustee | 20 | $0 |
Lynn Mcauliff Vice President | OfficerTrustee | 1 | $0 |
Garth Yates Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $28,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,227 |
| 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 | $191,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,035 |
| 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 | $2,934 |
| 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 | $1,895 |
| 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 | $1,571 |
| All other expenses | $0 |
| Total functional expenses | $96,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,283 |
| Savings and temporary cash investments | $890,617 |
| 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 | $5,092,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,369,945 |
| 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 | $78,194 |
| Other liabilities | $0 |
| Total liabilities | $78,194 |
| 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 | $6,291,751 |
| Total liabilities and net assets/fund balances | $6,369,945 |
Grants Awarded
Over the last fiscal year, Idea Inc Dtd 020186 has awarded $33,035 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EAGLES HOPE PURPOSE: MATCH | $5,000 |
CWC START UP PURPOSE: START UP | $10,000 |
ECON DEVELPMT PURPOSE: STUDY | $18,035 |