Upton Economic Development Borad
- Assets
- $4.4m
- Revenue
- $206.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Upton, WY
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 83-0284995
Organization Overview
Upton Economic Development Borad is located in Upton, WY. The organization was established in 2011. 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. Upton Economic Development Borad 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 06/2022, Upton Economic Development Borad generated $206.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $208.8k during the year ending 06/2022. 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
UPTON ECONOMIC DEVELOPMENT BOARD'S PURPOSE IS TO FURTHER ECONOMIC DEVELOPMENT & CIVIC PROJECTS FOR UPTON, WESTON COUNTY, WYOMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UEDB IS JUST ABOUT TO GET FINAL APPROVAL AND FUNDING FOR A NEW MOTEL IN UPTON, WY. THEY ARE ALSO WORKING ON ACQUIRING AND DEMOLISHING AND CLEANING UP A COUPLE OF BUILDINGS DOWNTOWN. UEDB HAS FORMED A PARTNERSHIP AND IS NOW IN THE PROCESS OF FINDING PARTNERS TO BUILD UPTON A NEW MOTEL.TO DATE THEY HAVE INVESTED $1,525,000.00 IN THE MOTEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Marshall President | OfficerTrustee | 2 | $0 |
Clark Coberly Secretary | OfficerTrustee | 2 | $0 |
Justin Mills Treasurer | OfficerTrustee | 2 | $0 |
Keith Materi Vice President | OfficerTrustee | 2 | $0 |
Carmen Diehl Director | Trustee | 2 | $0 |
Walter Riehemann 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 | $25,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,090 |
| Total Program Service Revenue | $0 |
| Investment income | $177,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,554 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,755 |
| 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. | $100,800 |
| Compensation of current officers, directors, key employees. | $100,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,291 |
| Fees for services: Accounting | $5,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,455 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,960 |
| Office expenses | $2,510 |
| Information technology | $2,124 |
| Royalties | $0 |
| Occupancy | $5,036 |
| Travel | $1,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $872 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $590 |
| Insurance | $1,885 |
| All other expenses | $0 |
| Total functional expenses | $208,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,631 |
| Savings and temporary cash investments | $30,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,907 |
| 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 | $0 |
| Net Land, buildings, and equipment | $206,890 |
| Investments—publicly traded securities | $2,521,869 |
| Investments—other securities | $0 |
| Investments—program-related | $1,598,638 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,443,196 |
| Accounts payable and accrued expenses | $334 |
| 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 | $334 |
| Net assets without donor restrictions | $4,442,862 |
| 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 | $4,443,196 |
Grants Awarded
Over the last fiscal year, Upton Economic Development Borad has awarded $4,282,028 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Laramie, WY PURPOSE: CHARITY | $4,000,000 |
TOWN OF UPTON PURPOSE: PARK BUILDINGS | $282,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Upton Economic Development Borad has recieved totaling $211,023.
| Awarding Organization | Amount |
|---|---|
Wyoming Community Foundation Laramie, WY PURPOSE: Payout of remaining funds | $211,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
Karis Inc Grand Junction, CO | $4,115,604 | $3,050,096 |
Aurora Economic Development Council Inc Aurora, CO | $1,245,291 | $2,876,706 |
Four Bands Community Fund Inc Eagle Butte, SD | $19,022,561 | $5,647,220 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |
Big Sky Economic Development Corporation Billings, MT | $3,059,757 | $1,982,472 |
Western Colorado Business Development Corp Grand Junction, CO | $7,096,798 | $2,689,196 |