Silver Valley Economic Development Corporation
- Assets
- $104.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wallace, ID
- Founding
- 05/1986
- Data as of
- 12/2023
- EIN
- 82-0403273
Organization Overview
Silver Valley Economic Development Corporation is located in Wallace, ID. 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. Silver Valley Economic Development Corporation 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 12/2023, Silver Valley Economic Development Corporation generated $63.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $62.2k during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
ECONOMIC DEVELOPMENT IN THE NORTH IDAHO COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Little Vice Chairman | 1 | $0 | |
Colleen L Rosson Director | 1 | $0 | |
Frank Durham Director | 1 | $0 | |
Dan Martinsen Chairman | 5 | $0 | |
Paige Olsen Executive Dir. | 40 | $40,000 | |
Andy Helkey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,525 |
| Total Program Service Revenue | $0 |
| Membership dues | $18,934 |
| Investment income | $63 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,522 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,273 |
| Professional fees and other payments to independent contractors | $1,815 |
| Occupancy, rent, utilities, and maintenance | $4,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,588 |
| Total expenses | $62,176 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $104,849 |
| Other assets | $0 |
| Total assets | $104,849 |
| Total liabilities | $3,533 |
| Net assets or fund balances | $101,316 |