Eastern Idaho Development Corp
- Assets
- $2.4m
- Revenue
- $341.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Pocatello, ID
- Founding
- 04/1990
- Data as of
- 09/2023
- EIN
- 82-0412962
Organization Overview
Eastern Idaho Development Corp is located in Pocatello, ID. The organization was established in 1990. 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. Eastern Idaho Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Eastern Idaho Development Corp generated $341.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $310.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STIMULATING ECONOMIC DEVELOPMENT IN THE CITY OF POCATELLO AND EASTERN IDAHO BY GRANTING LOANS FROM A CDBG REVOLVING LOAN FUND, INTERMEDIARY RELENDING PROGRAM FUND (USDA), RBEG GRANT FUND AND BY ASSISTING TO SECURE SBA LOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STIMULATING ECONOMIC DEVELOPMENT IN THE CITY OF POCATELLO AND EASTERN IDAHO BY GRANTING LOANS FROM A CDBG REVOLVING LOAN FUND, INTERMEDIARY RELENDING PROGRAM FUND (USDA), RBEG GRANT FUND AND BY ASSISTING TO SECURE SBA LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Nelson President | Trustee | $0 | |
Matt Hunter Vice Preside | Trustee | $0 | |
Michael Bushman Secretary | Trustee | $0 | |
Dirk Gamble Treasurer | Trustee | $0 | |
Brent Mclane Director | Trustee | $0 | |
Kristen Jensen Director | Trustee | $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 | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $337,094 |
| Investment income | $3,748 |
| 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 | $341,342 |
| 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. | $77,162 |
| Compensation of current officers, directors, key employees. | $77,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,643 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,552 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,441 |
| Advertising and promotion | $0 |
| Office expenses | $2,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,240 |
| Travel | $249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,655 |
| All other expenses | $210 |
| Total functional expenses | $310,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,098 |
| Savings and temporary cash investments | $297,406 |
| 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 | $1,237,697 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,379,351 |
| Accounts payable and accrued expenses | $28,134 |
| Grants payable | $370,948 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $399,082 |
| Net assets without donor restrictions | $417,629 |
| Net assets with donor restrictions | $1,562,640 |
| 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 | $2,379,351 |