Routt County Economic Development Partnership
- Assets
- $49.7k
- Revenue
- $304.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Steamboat Springs, CO
- Founding
- Data as of
- 12/2022
- EIN
- 87-4030616
Organization Overview
Routt County Economic Development Partnership is located in Steamboat Springs, CO. 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. Routt County Economic Development Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE(S) OF THE PARTNERSHIP IS TO IMPROVE THE QUALITY OF LIFE AND ECONOMIC WELL-BEING ACROSS ROUTT COUNTY BY: (I) ENABLING BUSINESS AND JOB RETENTION TO INCREASE EMPLOYMENT AND IMPROVE THE PUBLIC WELFARE, (II) PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS, (III) SUPPORTING COMMUNITY PROJECTS TO REVITALIZE AND PROTECT THE ECONOMY, AND (IV) WORKING WITH GOVERNMENTAL AGENCIES AND PRIVATE EFFORTS TO ACHIEVE THESEPURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE ROUTT COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP (RCEDP) IMPLEMENTED A DIVERSE ARRAY OF PROGRAMS, INCLUDING THE YAMPA VALLEY ENTREPRENEURSHIP CENTER (YVEC), BUSINESS RETENTION & EXPANSION (BR&E), AND KEY INDUSTRIES, AMONG OTHERS. WITHIN THE YVEC PROGRAM, WE CONDUCTED 49 UNIQUE BUSINESS COUNSELING SESSIONS, FACILITATED 19 BUSINESS EDUCATION SEMINARS THAT ENGAGED OVER 150 PARTICIPANTS, AND ORCHESTRATED AN ANNUAL BUSINESS PLAN COMPETITION, RESULTING IN THE EMERGENCE OF SIX NEW BUSINESS PLANS AND STARTUPS. OUR BR&E PROGRAM CONTINUED TO PROVIDE INDISPENSABLE SUPPORT TO EXISTING PRIMARY BUSINESSES, OFFERING TECHNICAL, FINANCIAL, NETWORKING, AND REGULATORY ASSISTANCE TO ENSURE THEIR SUSTAINABILITY AND EXPANSION. IN ADDITION, OUR KEY INDUSTRIES PROGRAM CONCENTRATED ON DIVERSIFYING THE LOCAL ECONOMY, WITH A NOTABLE ACCOMPLISHMENT IN 2022 BEING THE FORMATION OF A LOCAL OUTDOOR RECREATIONAL GEAR AND PRODUCT TRADE GROUP, WHICH BROUGHT TOGETHER OVER 20 COMPANIES FOR TARGETED BUSINESS SUPPORT. THESE ACHIEVEMENTS UNDERSCORE RCEDP'S UNWAVERING COMMITMENT TO ENHANCING ROUTT COUNTY'S ECONOMIC VITALITY, FOSTERING ENTREPRENEURSHIP, BOLSTERING EXISTING BUSINESSES, AND PROMOTING COLLABORATION AND INNOVATION THROUGHOUT OUR COMMUNITY. WE LOOK FORWARD TO BUILDING UPON THESE SUCCESSES IN THE COMING YEAR, AS WE REMAIN DEDICATED TO CREATING A PROSPEROUS ECONOMIC FUTURE FOR ROUTT COUNTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bristol Executive Dir. | Officer | 40 | $94,500 |
Kara Stoller President | OfficerTrustee | 1 | $0 |
Virginia Harmon Vice President | OfficerTrustee | 1 | $0 |
Jay Harrington Treasurer | OfficerTrustee | 1 | $0 |
Robin Hall Director | Trustee | 1 | $0 |
Mathew Mendisco Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,133 |
| Total Program Service Revenue | $0 |
| 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 | $304,133 |
| 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. | $94,500 |
| Compensation of current officers, directors, key employees. | $9,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,938 |
| Payroll taxes | $10,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,608 |
| All other expenses | $3,150 |
| Total functional expenses | $288,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,699 |
| 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 | $7,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,699 |
| Accounts payable and accrued expenses | $31,276 |
| 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 | $2,750 |
| Total liabilities | $34,026 |
| Net assets without donor restrictions | $15,673 |
| 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 | $49,699 |