Pend Oreille County Economic Development Council
- Assets
- $120.6k
- Revenue
- $76.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, WA
- Founding
- 08/1988
- Data as of
- 09/2023
- EIN
- 91-1379405
Organization Overview
Pend Oreille County Economic Development Council is located in Newport, WA. The organization was established in 1988. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pend Oreille County Economic Development Council is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Pend Oreille County Economic Development Council generated $76.2k 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 (4.3%) each year. All expenses for the organization totaled $139.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pend Oreille County Economic Development Council has awarded 14 individual grants totaling $590,412. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ECONOMIC DEVELOPMENT ACTIVITIES THAT FOSTER A HEALTHY ENVIRONMENT FOR EXISTING AND NEW BUSINESS, IMPROVE EMPLOYEE SKILLS AND WAGES, AND ENCOURAGE INFRASTRUCTURE DEVELOPMENT WHILE HONORING THE VALUES, HISTORY, CULTURAL DIVERSITY AND NATURAL BEAUTY OF THE AREA AND PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING JOB CREATION AND WORKFORCE DEVELOPMENT THROUGH THE A MARKETING CAMPAIGN OF THE BENEFITS OF LIVING AND WORKING FROM HOME IN PEND OREILLE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Wyrobek Director | 40 | $0 | |
Brian Smiley Secretary | Trustee | 2 | $0 |
Russ Pelleberg Treasurer | Trustee | 2 | $0 |
Jenny Smith Vice Chairman | Trustee | 2 | $0 |
Ray Pierre Board Chairman | Trustee | 2 | $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 | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,159 |
| 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 | $76,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,839 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,789 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,789 |
| Advertising and promotion | $5,969 |
| Office expenses | $6,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,565 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,606 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $139,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,636 |
| 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 |
| 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 | $120,636 |
| 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 | $120,636 |
| 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 | $120,636 |
Grants Awarded
Over the last fiscal year, Pend Oreille County Economic Development Council has awarded $67,598 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NEWPORT PURPOSE: SIGNAGE LANDSCAPING | $277 |
PEND OREILLE COUNTY PURPOSE: MARKETING SIGNAGE CITY FEASABILITY | $62,321 |
KALISPEL CAREER TRAINING CENTER PURPOSE: JOB CREATION TRAINING | $5,000 |