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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Colleen Padilla Executive Director | Officer | 40 | $105,000 |
Terri Coppersmith President | OfficerTrustee | 1 | $0 |
Lowell Gibson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Chris Dubose Vice President | OfficerTrustee | 1 | $0 |
Aaron Ausland Director | Trustee | 1 | $0 |
Judy Duffy Director | Trustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $22,500 |
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. | $105,000 |
Compensation of current officers, directors, key employees. | $63,130 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $284,040 |
Pension plan accruals and contributions | $21,320 |
Other employee benefits | $0 |
Payroll taxes | $28,378 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $61,768 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $19,629 |
Advertising and promotion | $8,556 |
Office expenses | $11,540 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $33,688 |
Travel | $3,808 |
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 | $4,092 |
Insurance | $5,367 |
All other expenses | -$79,489 |
Total functional expenses | $2,280,680 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $69,529 |
Savings and temporary cash investments | $2,461,593 |
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 | $3,272,145 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $224,371 |
Net Land, buildings, and equipment | $11,635 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,509 |
Total assets | $6,059,782 |
Accounts payable and accrued expenses | $207,548 |
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 | $207,548 |
Net assets without donor restrictions | $2,357,241 |
Net assets with donor restrictions | $3,494,993 |
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 | $6,059,782 |
Over the last fiscal year, Southern Oregon Regional Economic Development Inc has awarded $22,500 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
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 |
Over the last fiscal year, we have identified 1 grants that Southern Oregon Regional Economic Development Inc has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $30,000 |
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 |