Taos County Economic Development Corporation

Organization Overview

Taos County Economic Development Corporation is located in Taos, NM. The organization was established in 1988. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Taos County Economic Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taos County Economic Development Corporation 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 12/2022, Taos County Economic Development Corporation generated $309.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $347.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. 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 ORGANIZATION WAS FORMED IN 1987. ITS MISSION IS "SUPPORTING LAND, FOOD, WATER, AND THE CULTURES" OF THE PEOPLE OF NORTHERN NEW MEXICO THROUGH THE DESIGN AND IMPLEMENTATION OF COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS AND PROJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TCEDC OPERATIONS/PROGRAMS:THE COMPANYS MOST RECENT STATISTICS SHOW THAT IT HAS ASSISTED AROUND 278 CLIENTS AND CREATED OR RETAINED 16 JOBS. THE PROGRAMS PROVIDE TECHNICAL AND MARKETING ASSISTANCE, SPECIALTY TRAINING, AND GUIDANCE IN THE PREPARATION OF BUSINESS PLANS. TRAINING TO OTHER ORGANIZATIONS AND NONPROFITS WORKING ON GRASSROOTS COMMUNITY DEVELOPMENT AND FOOD SYSTEM DEVELOPMENT LOCALLY, REGIONALLY, AND NATIONALLY. GARDEN AND GREENHOUSE-TCEDC OFFERS TRAINING TO YOUTH IN THE AREA OF SUSTAINABLE AGRICULTURAL AND ENVIRONMENTAL FOOD PRODUCTION. OUTREACH, INFORMATION, AND REFERRAL STAFF ASSIST CLIENTS VIA PHONE CONVERSATIONS. AT LEAST 15 CALL DAILY, 150 CALLS PER MONTH. ADDITIONALLY, ON SITE ONE-ON-ONE ASSISTANCE WAS PROVIDED TO ABOUT 8 CLIENTS PER MONTH. BUSINESS PARK/TAOS FOOD CENTER:THIS COOPERATIVE FACILITY HOUSES 1 BUSINESS AND/OR ORGANIZATIONS INCLUDING 1 NATIVE AMERICAN SERVICE COMPANY AND TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION OFFICES AND A COMMUNITY CLASSROOM. THESE BUSINESSES PROVIDE EMPLOYMENT, EDUCATION AND SKILL TRAINING FOR MANY LOCAL AREA RESIDENTS. TRAINING IS PROVIDED AT NO COST FOR FOOD PROCESSING BUSINESSES TO DEVELOP MARKETING PROGRAMS FOR SPECIALTY FOOD. JOB SITE TRAINING WAS PROVIDED AS WELL AS BASIC BUSINESS SKILLS TO SMALL BUSINESS ENTREPRENEURS. EDUCATION AND TRAINING WAS PROVIDED PURSUANT TO THE FOOD AND MODERNIZATION ACT TO ASSIST 45 FOOD BUSINESSES WITH COMPLIANCE AND IMPLEMENTATION. THE FOOD CENTER IS A 5,000 SQUARE FOOT COMMERCIAL KITCHEN WHICH PROVIDES FOOD PROCESSING FACILITIES AND SUPPORT TO LOCAL FOOD PROCESSORS. EACH PROCESSOR EMPLOYS FROM 1-2 PEOPLE TOTALING OVER 10 DURING 2022. LARGER PROCESSORS AND FOOD CATERERS HAVE GRADUATED FROM THE FOOD CENTER TO THEIR OWN LOCATION AND CONTINUE TO PROVIDE EMPLOYMENT. THE BUSINESS PARK IS ALSO A VENUE FOR MULTIPLE FORUMS AND WORKSHOPS HOSTING MANY COMMUNITY MEMBERS. THE ORGANIZATION OFFERS SPECIALIZED EDUCATION AND TRAINING TO FOOD ENTREPRENEURS THROUGH ITS FOOD SECTOR OPPORTUNITY PROGRAM (FSOP). ADDITIONAL COURSES SUCH AS NX LEVEL TILLING THE SOIL OF OPPORTUNITY; AND OTHER COMMUNITY DRIVEN WORKSHOPS ARE OFFERED ON AN ONGOING BASIS THERE WERE OVER 100 PARTICIPANTS WHO ATTENDED THESE WORKSHOPS IN 2022. THE FOOD CENTER OFFERS NUTRITION AND FOOD PREPARATION COURSES TO THE COMMUNITY PROVIDING TRAINING TO OVER 45 PARTICIPANTS IN 2022.MOBILE LIVESTOCK SLAUGHTER UNIT (MLSU):MATANZA UNIT AND TRAINING PROGRAM IS A TOOL TO ASSIST LIMITED RESOURCE RANCHERS WITH CREATING NEW EMPLOYMENT AND BUSINESS OPPORTUNITIES AS WELL AS ACCESS TO NEW MARKETS. IN 2015, THE PROGRAM WAS INTERRUPTED DUE TO LACK OF FUNDING.


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Board, Officers & Key Employees

Name (title)Compensation
Darlene Vigil
Treasurer
$0
Trinidad Arguello PHD
Vice President
$0
Pascualito Maestas
President
$0
Tiana Suazo
Director
$0
Juan Amado Valdez
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $151,391
All other contributions, gifts, grants, and similar amounts not included above$148,415
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$299,806
Total Program Service Revenue$9,674
Investment income $1
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 $309,481

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Southwest Tribal Fisheries Commission Inc
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Lifestream Charities Inc
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Linden Economic Development Corporation
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Coupland Water Supply Corporation
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$0

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