Ida-Lew Economic Development Council Inc
- Assets
- $51.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grangeville, ID
- Founding
- Data as of
- 06/2024
- EIN
- 82-0537210
Organization Overview
Ida-Lew Economic Development Council Inc is located in Grangeville, ID. 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. Ida-Lew Economic Development Council Inc 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 06/2024, Ida-Lew Economic Development Council Inc generated $55.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $71.3k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
IDA-LEW EDC HAS ONE FULL TIME EMPLOYEE WHO MEETS WITH COMMUNITY LEADERS AND BUSINESS OWNERS WHENEVER HE CAN FIND AN AUDIENCE TO DISCUSS IDEAS, NEEDS, AND RESOURCES FROM THE COMMUNITY AND FROM OUTSIDE THE COMMUNITY. EMPLOYEE HELPS CONNECT BUSINESS OWNERS TO RESOURCES, BOTH PUBLIC AND PRIVATE, TO HELP FACILITATE BUSINESS SUCCESS AND EMPLOYMENT GROWTH. IDA-LEW EDC HAS ALSO INITIATED A LOCAL COMMITTEE OF CONCERNED CITIZENS TO DISCUSS AND SHARE IDEAS ON HOW TO IMPROVE THE LOCAL HOUSING SITUATION. IDA-LEW EDC PARTNERS WITH OTHER ECONOMIC DEVELOPMENT ORGANIZATIONS SUCH AS SBDC (SMALL BUSINESS DEVELOPMENT COUNCIL (HTTPS://AMERLCASSBDC.ORG/ABOUT-US/)) AND CEDA (CLEARWATER ECONOMIC DEVELOPMENT ASSOCIATION (HTTP://WWW.CLEARWATER-EDA.ORG/)).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcknight Trustee | 1 | $0 | |
Gary Ball President | 1 | $0 | |
Mike Sturdevant Vice President | 1 | $0 | |
Justin Mcleod Trustee | 1 | $0 | |
Ted Lindsley Trustee | 1 | $0 | |
Janet Brennan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,939 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $471 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,410 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,650 |
| Professional fees and other payments to independent contractors | $4,658 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $132 |
| Other expenses | $28,883 |
| Total expenses | $71,323 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,794 |
| Other assets | $0 |
| Total assets | $51,856 |
| Total liabilities | $13,924 |
| Net assets or fund balances | $37,932 |