Widc-Frontier Cdc Inc
- Assets
- $3.4m
- Revenue
- $389.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Casper, WY
- Founding
- 11/2007
- Data as of
- 09/2022
- EIN
- 83-0254934
Organization Overview
Widc-Frontier Cdc Inc is located in Casper, WY. The organization was established in 2007. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Widc-Frontier Cdc Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Widc-Frontier Cdc Inc 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 09/2022, Widc-Frontier Cdc Inc generated $389.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $344.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EXISTS TO ASSIST WYOMING'S NEW, EXISTING AND RELOCATING BUSINESSES THROUGH THE STRUCTURING OF FINANCIAL SOLUTIONS APPROPRIATE TO THEIR UNIQUE BUSINESS CONDITIONS. THE ORGANIZATION USES DIRECT AND SBA LOAN PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICED LOANS TOTALING APPROXIMATELY $30,724,561
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Doherty President | Officer | 40 | $65,468 |
Sandra Materi Vice President | Officer | 40 | $63,956 |
Denise Newell Vice Chairman | Trustee | 2 | $0 |
Tabetha Berge Director | Trustee | 1 | $0 |
Josh Keefe Director | Trustee | 1 | $0 |
Kevin Kessner Director | Trustee | 2 | $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 | $385,418 |
| Investment income | $3,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,154 |
| 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 | $389,383 |
| 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. | $130,485 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,282 |
| Payroll taxes | $13,745 |
| Fees for services: Management | $0 |
| 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 | $21,150 |
| Advertising and promotion | $20,121 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,074 |
| Insurance | $19,613 |
| All other expenses | $400 |
| Total functional expenses | $343,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,569,298 |
| Savings and temporary cash investments | $404,551 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,284 |
| 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 | $21,762 |
| Net Land, buildings, and equipment | $354,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,048,373 |
| Total assets | $3,419,456 |
| Accounts payable and accrued expenses | $62,431 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,431 |
| Net assets without donor restrictions | $3,357,025 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,419,456 |
Grants Awarded
Over the last fiscal year, Widc-Frontier Cdc Inc has awarded $22,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Laramie, WY PURPOSE: Casper Start-Up Challenge | $12,500 |
Laramie, WY PURPOSE: Assist funding loan loss reserve | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain West Small Business Finance Salt Lake City, UT | $11,137,576 | $7,876,705 |
Native American Development Corporation Billings, MT | $7,334,421 | $5,770,439 |
Denver Area Better Business Bureau Inc Inc Denver, CO | $0 | $3,899,799 |
Business Training & Resource Center Orem, UT | $964,220 | $3,995,549 |
Blue Stakes Of Utah Utility Notification Center Inc South Jordan, UT | $5,829,969 | $3,634,307 |
Better Business Bureau Of Northern Colorado Inc Fort Collins, CO | $3,156,578 | $2,378,907 |
Better Bisiness Bureau Serving Northern Nevada And Utah Inc Salt Lake City, UT | $1,961,659 | $2,268,146 |
Iadlest Eagle, ID | $1,362,318 | $1,947,022 |
Colorado Ice Hockey Referee Association Golden, CO | $227,999 | $1,637,900 |
Bioutah Salt Lake City, UT | $1,065,676 | $1,486,109 |
Colorado Springs Better Business Bureau Inc Colorado Springs, CO | $866,913 | $1,382,343 |
National Automotive Service Task Force Wheat Ridge, CO | $338,563 | $1,081,371 |