Greater Raton Economic Development Corporation
- Assets
- $148.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raton, NM
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-3607510
Organization Overview
Greater Raton Economic Development Corporation is located in Raton, NM. The organization was established in 2011. 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. Greater Raton 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, Greater Raton Economic Development Corporation generated $106.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $58.5k during the year ending 12/2023. While expenses have increased by 17.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Dietz President | 5 | $0 | |
Cassidy Chance Vice President | 3 | $0 | |
Lois Romero Secretary | 3 | $0 | |
David P Wentling Treasurer | 4 | $0 | |
Jerica Gonzales Director | 1 | $0 | |
Brian Nazeri Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,126 |
| Total Program Service Revenue | $3,376 |
| Membership dues | $6,850 |
| Investment income | $1,272 |
| Gain or Loss | -$180 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $475 |
| Total Revenue | $106,919 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,319 |
| Professional fees and other payments to independent contractors | $6,894 |
| Occupancy, rent, utilities, and maintenance | $300 |
| Printing, publications, postage, and shipping | $718 |
| Other expenses | $17,311 |
| Total expenses | $58,460 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,176 |
| Other assets | $0 |
| Total assets | $148,745 |
| Total liabilities | $0 |
| Net assets or fund balances | $148,745 |