Cibola Communities Economic Development Foundation
- Assets
- $199.0k
- Revenue
- $260.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Grants, NM
- Founding
- 05/1983
- Data as of
- 06/2020
- EIN
- 85-0307777
Organization Overview
Cibola Communities Economic Development Foundation is located in Grants, NM. The organization was established in 1983. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2020, Cibola Communities Economic Development Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cibola Communities Economic 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 06/2020, Cibola Communities Economic Development Foundation generated $260.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $276.5k during the year ending 06/2020. While expenses have increased by 13.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CREATE ECONOMIC BASED JOBS THROUGH DIVERSIFICATION AND GROWTH OF TAX BASE BY ATTRACTION/RECRUITMENT OF NEW BUSINESS/INDUSTRY AND RETENTION/EXPANSION OF EXISTING BUSINESS IN CIBOLA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATED WITH THE CITY OF GRANTS, VILLAGE OF MILAN, AND CIBOLA COUNTY TO DEVELOP/RECRUIT BUSINESS EXPANSION IN SUPPORT OF ECONOMIC DEVELOPMENT
COLLABORATED WITH THE CITY OF GRANTS, VILLAGE OF MILAN, AND CIBOLA COUNTY TO DEVELOP/RECRUIT BUSINESS EXPANSION IN SUPPORT OF ECONOMIC DEVELOPMENT
COLLABORATED WITH THE CITY OF GRANTS, VILLAGE OF MILAN, AND CIBOLA COUNTY TO DEVELOP/RECRUIT BUSINESS EXPANSION IN SUPPORT OF ECONOMIC DEVELOPMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Castillo President | Trustee | 0 | $0 |
Dr Mickey Best Director | Trustee | 0 | $0 |
Terry Fletcher Director | Trustee | 0 | $0 |
Ellen Baca Treasurer | Trustee | 0 | $0 |
Larry Carver Director | Trustee | 0 | $0 |
Martin Hicks Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $241 |
| 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 | $260,688 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $132,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,777 |
| Payroll taxes | $10,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,458 |
| Fees for services: Accounting | $2,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,046 |
| Advertising and promotion | $2,221 |
| Office expenses | $10,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,380 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,407 |
| Insurance | $2,830 |
| All other expenses | $0 |
| Total functional expenses | $276,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,268 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,692 |
| Total assets | $198,960 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $198,960 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Community Development Institute Kansas Denver, CO | $25,496,430 | $27,631,308 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |
Community Council Of South Central Seguin, TX | $2,045,180 | $10,473,350 |