Aurora Economic Development Council Inc
- Assets
- $1.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Aurora, CO
- Founding
- 03/1979
- Data as of
- 12/2023
- EIN
- 84-0776480
Organization Overview
Aurora Economic Development Council Inc is located in Aurora, CO. The organization was established in 1979. 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 12/2023, Aurora Economic Development Council Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aurora Economic Development Council Inc 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 12/2023, Aurora Economic Development Council Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND/OR RETAIN JOBS IN AURORA, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE AND RETAIN PRIMARY JOBS IN AURORA, COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Schatz Director | Trustee | 1 | $0 |
Allen Crosswell Director | Trustee | 1 | $0 |
Andy Klein Director | Trustee | 1 | $0 |
Angela Lawson Director | Trustee | 1 | $0 |
Austin Akers Director | Trustee | 1 | $0 |
Barbara Cleland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $886,150 |
| Fundraising events | $611,021 |
| Related organizations | $0 |
| Government grants | $550,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,129,596 |
| Total Program Service Revenue | $466,258 |
| Investment income | $0 |
| 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 | $2,595,854 |
| 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. | $1,209,342 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,938 |
| Pension plan accruals and contributions | $1,647 |
| Other employee benefits | $3,268 |
| Payroll taxes | $61,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $286,302 |
| Advertising and promotion | $132,027 |
| Office expenses | $29,658 |
| Information technology | $26,496 |
| Royalties | $0 |
| Occupancy | $31,911 |
| Travel | $352,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,720 |
| Insurance | $10,340 |
| All other expenses | $0 |
| Total functional expenses | $2,505,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,341,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,500 |
| 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 | $114,957 |
| Net Land, buildings, and equipment | $669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,482,594 |
| Accounts payable and accrued expenses | $174,773 |
| 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 | $174,773 |
| Net assets without donor restrictions | $1,307,821 |
| 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 | $1,482,594 |