Regional Development Alliance Inc
- Assets
- $6.7m
- Revenue
- $253.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Idaho Falls, ID
- Founding
- 11/1997
- Data as of
- 05/2023
- EIN
- 84-1407698
Organization Overview
Regional Development Alliance Inc is located in Idaho Falls, ID. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Development Alliance 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 05/2023, Regional Development Alliance Inc generated $253.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $260.5k during the year ending 05/2023. 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
OUR OBJECTIVE IS TO DIRECTLY INVEST IN QUALIFIED BUSINESSES IN ORDER TO OBTAIN A REASONABLE RETURN ON OUR INVESTMENT, INCREASE JOB GROWTH IN THE AREA AS WELL AS HELP PEOPLE MAINTAIN QUALITY JOBS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPED BUSINESS OBTAIN LOANS TO HELP START AND GROW BUSINESSES AND CREATE JOBS IN SOUTH EAST IDAHO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hancock Chairman | Trustee | $0 | |
Gordon Egan Treasurer | $0 | ||
Brent Mendendall Secretary | $0 | ||
Byron Reed Vice-Chairma | $0 | ||
Connie Chadwick Executive Di | Officer | $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 | $45 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45 |
| Total Program Service Revenue | $207,039 |
| Investment income | $46,333 |
| 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 | $253,417 |
| 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 | $105,863 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,236 |
| Fees for services: Accounting | $16,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,248 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $337 |
| 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 | $137 |
| Insurance | $11,966 |
| All other expenses | $7,591 |
| Total functional expenses | $260,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,571 |
| Savings and temporary cash investments | $3,662,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,935,290 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,072 |
| Total assets | $6,747,438 |
| Accounts payable and accrued expenses | $8,680 |
| 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 | $8,680 |
| Net assets without donor restrictions | $6,738,758 |
| 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 | $6,747,438 |
Grants Awarded
Over the last fiscal year, Regional Development Alliance Inc has awarded $44,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LOST RIVER ECONOMIC | | | $24,500 |
MADISON ECONOMIC DEVELOPMENT | | | $5,250 |
BINGHAM ECONOMIC DEVELOPMENT | | | $5,250 |
EASTERN IDAHO ECONOMIC DEVELOPMENT | | | $9,500 |