Sweet Home Economic Development Group Inc
- Assets
- $2.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Sweet Home, OR
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 93-1031380
Organization Overview
Sweet Home Economic Development Group Inc is located in Sweet Home, OR. The organization was established in 1991. 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 12/2021, Sweet Home Economic Development Group Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sweet Home Economic Development Group Inc 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 12/2021, Sweet Home Economic Development Group Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 24.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EFFECTIVELY LEAD EFFORTS TO ENHANCE AND PROMOTE THRIVING, DIVERSE ECONOMIC DEVELOPMENT IN THE SWEET HOME COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE SWEET HOME COMMUNITY FOUNDATION TO PROMOTE VARIOUS COMMUNITY GROUPS IN EAST LINN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Shamek Oregon Jamboree Director | 40 | $105,000 | |
Ron Moore President | OfficerTrustee | 0.5 | $0 |
Wendi Melcher Director Through Aug 2021 | OfficerTrustee | 0.5 | $0 |
Jared Cornell Vice President | OfficerTrustee | 0.5 | $0 |
Michael Hall Secretary | OfficerTrustee | 0.5 | $0 |
Heather Search Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bc Tours Inc Musical Talent | 12/30/21 | $125,000 |
Foxfire Inc Musical Talent | 12/30/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,732,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,732,557 |
| Total Program Service Revenue | $2,162,118 |
| Investment income | $85 |
| 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 | $3,894,760 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,381 |
| Payroll taxes | $20,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $143,856 |
| Office expenses | $25,419 |
| Information technology | $1,686 |
| Royalties | $6,611 |
| Occupancy | $22,034 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,298 |
| All other expenses | $70,097 |
| Total functional expenses | $2,026,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,419,863 |
| Savings and temporary cash investments | $768,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,041 |
| 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 | $74,921 |
| Net Land, buildings, and equipment | $19,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,477,815 |
| Accounts payable and accrued expenses | $70,265 |
| 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 | $150,000 |
| Other liabilities | $2,850 |
| Total liabilities | $223,115 |
| Net assets without donor restrictions | $2,254,700 |
| 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 | $2,477,815 |
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 |