Albany-Millersburg Economic Development Corporation

Organization Overview

Albany-Millersburg Economic Development Corporation is located in Albany, OR. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany-Millersburg Economic Development Corporation 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 06/2021, Albany-Millersburg Economic Development Corporation generated $14.9m in total revenue. All expenses for the organization totaled $113.6k during the year ending 06/2021. While expenses have increased by 0.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FOSTER A HEALTHY AND VIABLE ECONOMY IN THE ALBANY-MILLERSBURG AREA.


TO DEVELOP PROPERTY AND SECURE FUNDING FROM OREGON DEPARTMENT OF TRANSPORTATION FOR DEVELOPMENT OF A MID-VALLEY INTERMODAL FACILITY ON THE PROPERTY BY THE LINN ECONOMIC DEVELOPMENT GROUP.


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Board, Officers & Key Employees

Name (title)Compensation
John Pascone
President
$94,000
Jon Kloor
Vice Chair
$0
Mark Raum
Secretary/treasurer
$0
James Ramseyer
Chair
$0
Janet Steele
Director
$0
Floyd Collins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $14,926,117
All other contributions, gifts, grants, and similar amounts not included above$8,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,934,617
Total Program Service Revenue$0
Investment income $43
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 $14,935,813

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