Northeast Oregon Economic Development District
- Assets
- $2.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Enterprise, OR
- Founding
- 10/2018
- Data as of
- 06/2022
- EIN
- 93-1004599
Organization Overview
Northeast Oregon Economic Development District is located in Enterprise, OR. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Northeast Oregon Economic Development District employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Oregon Economic Development District 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 06/2022, Northeast Oregon Economic Development District generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $684.6k during the year ending 06/2022. While expenses have increased by 11.2% per year over the past 4 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 2021, Northeast Oregon Economic Development District has awarded 37 individual grants totaling $477,045. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACCESS RESOURCES AND FACILITATE QUALITY DECISION-MAKING ON BEHALF OF BUSINESSES, COMMUNITIES AND ENTREPRENEURS IN NORTHEAST OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATIONS OF BUSINESS CLASS SERIES WERE VIRTUALLY - 3 SERIES OF 6 CLASSES WERE HELD AND ATTENDED BY 26 BUSINESSES. DESTINATION CREATION CLASSES WERE HELD VIRTUALLY - 2 SERIES OF 8 CLASSES WERE HELD AND ATTENDED BY 10 BUSINESSES. 69 BUSINESS OWNERS RECEIVED VARIOUS TYPES OF TECHNICAL ASSISTANCE TO ACCESS GRANTS, RECOVER FROM COVID-19 IMPACTS TO THEIR BUSINESSES, RECEIVE ONE-ON-ONE COUNSELING, WEBSITE DEVELOPMENT, SOCIAL MEDIA MARKETING CONSULTING, ACCOUNTING CONSULTS AND BUSINESS PLANNING ASSISTANCE. NEOEDD OFFERED INDIVIDUAL DEVELOPMENT ACCOUNTS PROGRAM AND SUPPORTED APPROXIMATELY 28 INDIVIDUALS DURING THE YEAR. IN ADDITION, NEOEDD PARTNERED WITH THE CITY OF LA GRANDE TO OPERATE THE IGNITE CENTER FOR ENTREPRENEURSHIP IN LA GRANDE. IGNITE HOSTS OUR EDUCATIONAL WORKSHOPS AND PROVIDES A CO-WORKING OPTION IN THE COMMUNITY. HTTP://WWW.IGNITEMYBUSINESS.ORG/EN IS THE CENTER'S WEBSITE. CENTER OPERATIONS WERE DISRUPTED BY COVID-19 IN MARCH 2020 AND THE CENTER REOPENED IN THE SPRING OF 2022.
NEOEDD PROVIDED A VARIETY OF COVID-RELIEF FUNDING TO BUSINESSES IN OUR THREE-COUNTY REGION. FUNDS WERE RECEIVED FROM BOTH FEDERAL AND STATE RESOURCES TO PASS THROUGH TO SMALL BUSINESSES IN THE REGION. ALL FUNDS RECEIVED FOR THESE GRANTS WERE PASSED THROUGH TO SMALL BUSINESSES. COVID-RELIEF LOANS WERE ALSO SUPPORTED IN THE CITY OF LA GRANDE AND THROUGH NEOEDD.
NEOEDD PUBLISHED A COMMUNITY NEEDS ASSESSMENT IDENTIFYING ECONOMIC AND COMMUNITY DEVELOPMENT-RELATED IMPACTS OF COVID-19 ON THE REGION. THE ASSESSMENT IDENTIFIED WORKFORCE HOUSING, BROADBAND AVAILABILITY AND LACK OF CHILD CARE OPTIONS AS HIGH PRIORITY NEEDS. NEOEDD SUBSEQUENTLY FORMED PARTNERSHIPS WITH OTHER REGIONAL ENTITIES TO GET A BETTER UNDERSTANDING OF NEEDS, RESOURCES AND POTENTIAL SOLUTIONS. NEOEDD ALSO ATTENDED REGIONAL MEETINGS FOCUSED ON RESPONSES TO COVID-19. NEOEDD SUPPORTED ECONOMIC DEVELOPMENT PLANNING AND IMPLEMENTATION ON A REGIONAL BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Dawson Executive Director | Officer | 48 | $75,253 |
Bruce Nichols Board Member | Trustee | 0 | $0 |
Bill Harvey Board Member | Trustee | 0 | $0 |
Donna Beverage Board Member | Trustee | 0 | $0 |
Suzannah Moore-Hemann Board Member | Trustee | 0 | $0 |
Tim Seydel Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,108,958 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,265,218 |
| Total Program Service Revenue | $177,130 |
| Investment income | $890 |
| 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 | $1,443,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,145 |
| Grants and other assistance to domestic individuals. | $24,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,953 |
| Compensation of current officers, directors, key employees. | $9,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,442 |
| Payroll taxes | $11,737 |
| Fees for services: Management | $38,992 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,620 |
| Advertising and promotion | $621 |
| Office expenses | $23,175 |
| Information technology | $2,167 |
| Royalties | $0 |
| Occupancy | $12,739 |
| Travel | $6,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,458 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $372 |
| Insurance | $4,336 |
| All other expenses | $0 |
| Total functional expenses | $684,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,509 |
| Savings and temporary cash investments | $739,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $871,475 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,564 |
| Total assets | $2,251,305 |
| Accounts payable and accrued expenses | $17,157 |
| Grants payable | $0 |
| Deferred revenue | $55,129 |
| 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 | $46,716 |
| Total liabilities | $119,002 |
| Net assets without donor restrictions | $500,393 |
| Net assets with donor restrictions | $1,631,910 |
| 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 | $2,251,305 |
Grants Awarded
Over the last fiscal year, Northeast Oregon Economic Development District has awarded $77,145 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH POWDER MOTEL LLC PURPOSE: Retain business impacted by COVID-19. | $10,000 |
PAULETTE HUGULET DDC LLCDBA CROSSROADS HEALTH AND NUTRITION PURPOSE: Retain business impacted by COVID-19. | $10,000 |
LA GRANDE COUNTRY CLUB PURPOSE: Retain business impacted by COVID-19. | $22,500 |
RED ROOSTER CAFE PURPOSE: Retain business impacted by COVID-19. | $12,500 |
EVA NICOLE LLC DBA SUGAR TIME BAKERY PURPOSE: Retain business impacted by COVID-19. | $22,145 |