Pueblo Development Foundation
- Assets
- $23.4m
- Revenue
- $1.4m
- Investments
- $1.3m
- Employees
- 0
- Location
- Pueblo, CO
- Founding
- 04/1965
- Data as of
- 04/2023
- EIN
- 84-0536979
Organization Overview
Pueblo Development Foundation is located in Pueblo, CO. The organization was established in 1965. 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. Pueblo Development Foundation 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 04/2023, Pueblo Development Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $676.2k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
PROMOTING, ENCOURAGNG AND AIDING THE INDUSTRIAL, COMMERCIAL AND BUSINESS DEVELOPMENT OF THE CITY OF PUEBLO AND ITS SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT OF PUEBLO COLORADO BY PROVIDING ASSISTANCE TO RELOCATING BUSINESS THROUGH FINANCING OR OTHER ASSISTANCE REGARDING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Attencio Trustee | OfficerTrustee | $0 | |
Ken Conyers Trustee | OfficerTrustee | $0 | |
Judy Fonda Treasurer | OfficerTrustee | $0 | |
Dave Galli Vice Preside | OfficerTrustee | $0 | |
Terry Hart Trustee | OfficerTrustee | $0 | |
Dan Molello Secretary | OfficerTrustee | $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 | $1,325,990 |
| Investment income | $36,975 |
| 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 | $1,362,965 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $57,000 |
| Fees for services: Legal | $8,973 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,428 |
| Insurance | $48,308 |
| All other expenses | $596 |
| Total functional expenses | $676,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,816 |
| Savings and temporary cash investments | $7,175,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,227,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $240,717 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,698 |
| Net Land, buildings, and equipment | $8,869,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,278,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,097,159 |
| Total assets | $23,408,321 |
| Accounts payable and accrued expenses | $873,038 |
| 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 | $1,936,371 |
| Total liabilities | $2,809,409 |
| Net assets without donor restrictions | $19,198,912 |
| Net assets with donor restrictions | $1,400,000 |
| 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 | $23,408,321 |