Economic Development For Central Oregon
- Assets
- $768.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Bend, OR
- Founding
- 11/1981
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Economic Development For Central Oregon generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 4.4% per year over the past 6 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Lee CEO | Officer | 45 | $119,132 |
Coby Horton President | OfficerTrustee | 1 | $0 |
Don Moore Secretary | OfficerTrustee | 1 | $0 |
Amber Yates Vice Preside | OfficerTrustee | 1 | $0 |
Carolyn Eagan President El | OfficerTrustee | 1 | $0 |
Connie Druliner Past Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $241,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $562,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,302,169 |
| Total Program Service Revenue | $185,202 |
| Investment income | $170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,160 |
| 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 | $1,514,905 |
| 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. | $134,796 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $890,018 |
| Pension plan accruals and contributions | $46,022 |
| Other employee benefits | $78,672 |
| Payroll taxes | $83,849 |
| 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 | $9,874 |
| Advertising and promotion | $6,785 |
| Office expenses | $13,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,350 |
| Travel | $2,075 |
| 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 | $6,509 |
| Insurance | $6,117 |
| All other expenses | $16,240 |
| Total functional expenses | $1,559,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,252 |
| Savings and temporary cash investments | $509,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,400 |
| 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 | $6,506 |
| Net Land, buildings, and equipment | $1,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $768,375 |
| Accounts payable and accrued expenses | $57,287 |
| Grants payable | $0 |
| Deferred revenue | $72,492 |
| 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 | $229,419 |
| Total liabilities | $359,198 |
| Net assets without donor restrictions | $409,177 |
| 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 | $768,375 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic Development For Central Oregon has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
St Charles Health System Inc Bend, OR PURPOSE: Create a diversified local economy | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Visit Napa Valley Inc Napa, CA | $10,680,406 | $9,057,176 |
Northern California Indian Development Council Inc Eureka, CA | $9,408,932 | $5,019,094 |