Region 10 League For Economic Assistance & Planning Inc
- Assets
- $16.3m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Montrose, CO
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 84-0631483
Organization Overview
Region 10 League For Economic Assistance & Planning Inc is located in Montrose, CO. 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. As of 06/2022, Region 10 League For Economic Assistance & Planning Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Region 10 League For Economic Assistance & Planning 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 06/2022, Region 10 League For Economic Assistance & Planning Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Region 10 League For Economic Assistance & Planning Inc has awarded 208 individual grants totaling $7,269,430. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES PROGRAM AND SERVICES THAT MEET THE NEEDS OF THE PEOPLE IN THE REGION, ARE COST-EFFECTIVE, REDUCE THE BURDEN OF LOCAL GOVERNMENTS, AND LEVERAGE AVAILABLE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AREA AGENCY ON AGING DIVISION PROVIDES FINANCIAL ASSISTANCE TO LOCAL ORGANIZATIONS RESPONSIBLE FOR THE DELIVERY OF SERVICES TO SENIORS THROUGHOUT THE SIX COUNTY AREA. TYPICAL SERVICES PROVIDED INCLUDE: NUTRITION, TRANSPORTATION, LEGAL, DENTAL, HOMEMAKER, INFORMATION AND REFERRAL, AND OMBUDSMAN SERVICES. THE DIVISION CONTRACTS WITH A VARIETY OF SENIOR SERVICES ORGANIZATIONS AND ADMINISTERS STATE AND FEDERAL FUNDS TO HELP THESE ORGANIZATIONS IMPROVE THE QUALITY OF LIFE FOR SENIORS IN THE SIX COUNTY AREA.
TRANSPORTATION SERVICES - THE GUNNISON VALLEY TRANSPORTATION REGION PROGRAM PRIORITIZES ROADWAY AND TRANSIT PROJECTS IN THE REGION FOR THE COLORADO DEPARTMENT OF TRANSPORTATION AND PRODUCES A 30-YEAR COMPREHENSIVE PLAN THAT IS UPDATED EVERY FIVE YEARS.
REGION 10 OPERATES THE REGIONAL BROADBAND PROJECT TO PROVIDE BETTER INTERNET SERVICES TO THE REGION TO IMPROVE COMMUNITY AND ECONOMIC DEVELOPMENT, CURRENTLY, FOUR COUNTIES AND SEVERAL MUNICIPALITIES PARTICIPATE IN THE PROJECT.
REGION 10 OPERATES SIX SPECIFIC BUSINESS LOAN FUNDS IN THE BUSINESS LOAN FUND DIVISION, BASED ON THE REQUIREMENTS OF THE VARIOUS SOURCES OF CAPITAL FOR EACH FUND. THESE MONIES ARE LOANED TO QUALIFYING SMALL BUSINESSES, COMMUNITIES, AND OTHER ENTITIES AT COMPARATIVE RATES IN ORDER TO FOSTER ECONOMIC DEVELOPMENT AND JOB GROWTH THROUGHOUT THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Haynes Executive Di | Officer | 40 | $100,668 |
Roland Mason Chair | Trustee | 1 | $0 |
Kris Holstrom Vice Chair | Trustee | 1 | $0 |
Jon Waschbusch Treasurer | Trustee | 1 | $0 |
Roger Rash Past Chair | Trustee | 1 | $0 |
Ben Tisdel Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $161,769 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,742,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,114,347 |
| Total Program Service Revenue | $369,914 |
| Investment income | $120 |
| 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 | $4,484,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,608,838 |
| Grants and other assistance to domestic individuals. | $536,727 |
| 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 | $1,072,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,727 |
| Payroll taxes | $65,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,541 |
| Fees for services: Accounting | $18,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,520 |
| Advertising and promotion | $28,245 |
| Office expenses | $37,589 |
| Information technology | $40,876 |
| Royalties | $0 |
| Occupancy | $79,812 |
| Travel | $75,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $843,878 |
| Insurance | $22,517 |
| All other expenses | $34,980 |
| Total functional expenses | $5,082,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,230,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $666,011 |
| Accounts receivable, net | $49,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,369,076 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,053 |
| Net Land, buildings, and equipment | $10,930,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,255,337 |
| Accounts payable and accrued expenses | $463,332 |
| Grants payable | $0 |
| Deferred revenue | $78,095 |
| 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 | $1,738,253 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,279,680 |
| Net assets without donor restrictions | $3,045,152 |
| Net assets with donor restrictions | $10,930,505 |
| 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 | $16,255,337 |
Grants Awarded
Over the last fiscal year, Region 10 League For Economic Assistance & Planning Inc has awarded $410,280 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDI'S PURPOSE: GENERAL SUPPORT | $7,500 |
4TH & MAIN EXCHANGE PURPOSE: GENERAL SUPPORT | $7,500 |
HECHT FITNESS LLC PURPOSE: GENERAL SUPPORT | $7,500 |
MONTROSE COUNTY SR CITIZENS TRANSPO PURPOSE: GENERAL SUPPORT | $24,149 |
MORALEZ TRUCKING LLC PURPOSE: GENERAL SUPPORT | $7,500 |
WESTERN COLORADO INTERPRETIVE ASSOC PURPOSE: GENERAL SUPPORT | $7,500 |