Silver Valley Economic Development Corporation
- Assets
- $100.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wallace, ID
- Founding
- 05/1986
- Data as of
- 12/2021
- 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 12/2021, Silver Valley Economic Development Corporation generated $57.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $57.9k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Colleen L Rosson Executive Dir. | 40 | $40,267 | |
Duane Little Vice Chairman | 1 | $0 | |
Frank Durham Treasurer | 2 | $0 | |
Dan Martinsen Chairman | 5 | $0 | |
Andy Helkey Director | 1 | $0 | |
Kathy Zanetti Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,170 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,176 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,495 |
| Professional fees and other payments to independent contractors | $725 |
| Occupancy, rent, utilities, and maintenance | $9,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,646 |
| Total expenses | $57,866 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,372 |
| Other assets | $0 |
| Total assets | $100,372 |
| Total liabilities | $16 |
| Net assets or fund balances | $100,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Eastern Oregon Workforce Investment Board La Grande, OR | $2,038,601 | $2,624,677 |
Greater Seattle Partners Seattle, WA | $2,408,899 | $964,300 |
Southern Oregon Regional Economic Development Inc Medford, OR | $6,059,782 | $2,561,963 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |
The Alliance For Pioneer Square Seattle, WA | $803,516 | $2,179,538 |