Southern Oregon Regional Economic Development Inc

Organization Overview

Southern Oregon Regional Economic Development Inc is located in Medford, OR. The organization was established in 1993. 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 06/2022, Southern Oregon Regional Economic Development Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Oregon Regional Economic Development 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 06/2022, Southern Oregon Regional Economic Development Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 15.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP BUSINESSES PROSPER AND ADVANCE ECONOMIC OPPORTUNITIES COMPATIBLE WITH COMMUNITY VALUES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO DEVELOP AND MAINTAIN PROGRAMS TO STIMULATE THE OVERALL ECONOMY OF SOUTHERN OREGON IN ORDER TO ENSURE CONTINUED BUSINESS GROWTH AND JOB OPPORTUNITIES WITHIN THE REGION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Colleen Padilla
Executive Director
$105,000
Terri Coppersmith
President
$0
Lowell Gibson
Secretary/treasurer
$0
Chris Dubose
Vice President
$0
Aaron Ausland
Director
$0
Judy Duffy
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$340,073
Fundraising events$0
Related organizations$0
Government grants $245,000
All other contributions, gifts, grants, and similar amounts not included above$1,554,992
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,140,065
Total Program Service Revenue$135,066
Investment income $92,642
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $33,935
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,561,963

Grants Awarded

Over the last fiscal year, Southern Oregon Regional Economic Development Inc has awarded $22,500 in support to 3 organizations.

Grant RecipientAmount

JULEK'S POLISH KITCHEN

PURPOSE: WILDFIRE ASSISTANCE

$7,500

KRAKEN KOFFEE

PURPOSE: WILDFIRE ASSISTANCE

$7,500

FLYWHEEL BICYCLE SOLUTIONS LLC

PURPOSE: WILDFIRE ASSISTANCE

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Southern Oregon Regional Economic Development Inc has recieved totaling $30,000.

Awarding OrganizationAmount
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$30,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or