Economic Development For Central Oregon
- Assets
- $682.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 18
- Location
- Bend, OR
- Founding
- 11/1981
- Data as of
- 06/2022
- EIN
- 93-0796784
Organization Overview
Economic Development For Central Oregon is located in Bend, OR. The organization was established in 1981. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Economic Development For Central Oregon employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development For Central Oregon 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, Economic Development For Central Oregon generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEAD THE DIVERSIFICATION OF CENTRAL OREGON'S ECONOMY THROUGH MARKETING, TARGETED RECRUITMENT, BUSINESS EXPANSION, FORMATION OF EFFECTIVE PUBLIC/PRIVATE PARTNERSHIPS AND VENTURE COACHING FOR EARLY STAGE COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MARKET, RESEARCH AND RECRUIT BUSINESS OPPORTUNITIES IN CENTRAL OREGON AND OFFER VENTURE COACHING FOR EARLY STAGE COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Lee Prior CEO | Officer | 40 | $138,046 |
Jon Stark CEO | Officer | 40 | $98,272 |
Carolyn Eagan President | OfficerTrustee | 1 | $0 |
Coby Horton Past Preside | OfficerTrustee | 1 | $0 |
Amber Yates President El | OfficerTrustee | 1 | $0 |
Don Moore Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $254,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $691,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,445,607 |
| Total Program Service Revenue | $211,575 |
| Investment income | $110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,477 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $65,602 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,756,557 |
| 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. | $236,167 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $765,528 |
| Pension plan accruals and contributions | $14,430 |
| Other employee benefits | $70,441 |
| Payroll taxes | $66,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $6,869 |
| Advertising and promotion | $11,521 |
| Office expenses | $12,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,431 |
| Travel | $17,095 |
| 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 | $1,536 |
| Insurance | $4,964 |
| All other expenses | $25,169 |
| Total functional expenses | $1,546,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,445 |
| Savings and temporary cash investments | $155,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256,214 |
| 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 | $11,149 |
| Net Land, buildings, and equipment | $300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $682,769 |
| Accounts payable and accrued expenses | $48,446 |
| Grants payable | $0 |
| Deferred revenue | $4,250 |
| 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 | $10,404 |
| Total liabilities | $63,100 |
| Net assets without donor restrictions | $619,669 |
| 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 | $682,769 |