Heppner Economic Development Corporation
- Assets
- $1.4m
- Revenue
- $783.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Heppner, OR
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 93-0821168
Organization Overview
Heppner Economic Development Corporation is located in Heppner, OR. The organization was established in 2006. 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. Heppner Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Heppner Economic Development Corporation generated $783.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $951.2k during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 5 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.
Since 2019, Heppner Economic Development Corporation has awarded 103 individual grants totaling $2,142,157. 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
ENCOURAGE & SUPPORT THE RETENTION AND EXPANSION OF EXISTING BUSINESSES IN THE HEPPNER, LEXINGTON AND IONE, OREGON AREAS AND TO SUPPORT ECONOMIC GROWTH IN THE LOCAL COMMUNITIES. PROMOTE WORKFORCE HOUSING AS A TOOL FOR ECONOMIC DEVELOPMENT THROUGH HOUSING OPPORTUNITIES AND DIRECT RENTAL HOUSING DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENHANCEMENT GRANTS OF VARIOUS AMOUNTS TO A VARIETY OF GROUPS, ORGANIZATIONS AND MUNICIPALITIES TO BETTER THE ENVIRONMENT OF THE SERVICE AREA.
SEPARATE GRANTS TO INDIVIDUALS TO REHABILITATE HOUSING AND PROVIDE MORE LIVABLE HOUSING IN THE SERVICE AREA. STIMULATE HOME PURCHASES AND ECONOMIC GROWTH IN THE SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Cutsforth President | OfficerTrustee | 2 | $0 |
Amy Wolters Board Member | Trustee | 1 | $0 |
Marcia Kemp Secretary | OfficerTrustee | 2 | $0 |
Kraig Cutsforth Treasurer | OfficerTrustee | 2 | $0 |
Jeff Bailey Vice President | OfficerTrustee | 1 | $0 |
Nicole Mahoney Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $778,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $779,351 |
| Total Program Service Revenue | $2,950 |
| Investment income | $808 |
| 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 | $783,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $659,855 |
| 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 | $45,498 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,620 |
| 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 | $0 |
| Travel | $134 |
| 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 | $1,740 |
| All other expenses | $0 |
| Total functional expenses | $951,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,390,130 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,401,330 |
| 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 | $1,401,330 |
| 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 | $1,401,330 |
Grants Awarded
Over the last fiscal year, Heppner Economic Development Corporation has awarded $869,204 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ALAN BLACKMAN PURPOSE: HOUSING PROGRAM | $6,914 |
ALSTOTT CONSTRUCTION PURPOSE: COMMUNITY ENHANCEMENT | $161,500 |
BAILEY HEAVY EQUIPMENT PURPOSE: COMMUNITY ENHANCEMENT | $12,500 |
BROOKE BUTNER PURPOSE: HOUSING PROGRAM | $5,503 |
CITY OF HEPPNER PURPOSE: COMMUNITY ENHANCEMENT | $29,233 |
CITY OF IONE PURPOSE: COMMUNITY ENHANCEMENT | $241,576 |