Los Alamos Economic Development Corporation

Organization Overview

Los Alamos Economic Development Corporation is located in Los Alamos, NM. The organization was established in 1985. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Los Alamos Economic Development Corporation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Alamos Economic Development Corporation 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 06/2022, Los Alamos Economic Development Corporation generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 0.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE LOS ALAMOS COMMERCE & DEVELOPMENT CORPORATION IS CHARGED WITH PROMOTING AND DEVELOPING COMMERCIAL BUSINESS WITHIN THE LOS ALAMOS COUNTY AREA, INCLUDING INCUBATOR RENTAL SPACE TO PROMOTE ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF SMALL BUSINESS CENTERS, CHAMBER OF COMMERCE, MAIN STREET & ARTS & CULTURAL DISTRICT, EDUCATIONAL PROGRAMS AND TOURISM PROMOTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Carol Clark
Secretary
$0
Cindy Rooney
Past Chair
$0
David Horpedahl
Director
$0
Dave Jolly
Treasurer
$0
Glenn Morgan
Director
$0
Jim Hall
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$94,098
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$94,098
Total Program Service Revenue$3,693,994
Investment income $54
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 $3,903,774

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