Clearwater Economic Development Association Inc
- Assets
- $6.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Lewiston, ID
- Founding
- 09/1968
- Data as of
- 09/2021
- EIN
- 82-0288410
Organization Overview
Clearwater Economic Development Association Inc is located in Lewiston, ID. The organization was established in 1968. 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 09/2021, Clearwater Economic Development Association Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearwater Economic Development Association Inc 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 09/2021, Clearwater Economic Development Association Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $1.1m during the year ending 09/2021. While expenses have increased by 3.0% per year over the past 6 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
CEDA IS A NON-PROFIT ORGANIZATION CREATED TO ASSIST NORTH CENTRAL IDAHO BUSINESSES AND COMMUNITIES BY ACTING AS A CONDUIT FOR NEEDED RESOURCES. AS THE COLLECTIVE VOICE FOR NORTH CENTRAL IDAHO, CLEARWATER ECONOMIC DEVELOPMENT ASSOCIATION PROVIDES LEADERSHIP AND GUIDANCE IN DEVELOPING COMMUNITIES, DIVERSIFYING THE ECONOMY, AND CREATING PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDA PROVIDED COMMUNITY PLANNING AND DEVELOPMENT SERVICES FOR 64 ORGANIZATIONAL MEMBERS AND PASSED THROUGH $126,908 OF STATE AND GOVERNMENT GRANTS AND CONTRACTS TO AGENCIES IN THE REGION FOR THE SAME ECONOMIC PURPOSE. IN ORDER TO PROMOTE DIVERSIFICATION AND ALLEVIATE UNEMPLOYMENT IN THE NORTH CENTRAL IDAHO AND SOUTHEASTERN WASHINGTON REGIONS, CEDA GRANTED 14 NEW LOANS DURING THE FISCAL YEAR VALUED AT $1,579,890 TO SMALL BUSINESS CUSTOMERS. AT THE END OF THE FISCAL YEAR, CEDA'S SMALL BUSINESS PROGRAM HAD 40 OUTSTANDING LOANS RECEIVABLE VALUED AT $3.4 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Frei Executive Direc | Officer | 44 | $71,626 |
Cari Miller Chairman | Officer | 0 | $0 |
Kathie Lafortune Vice Chairman | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,429 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,104,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $470,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,653,749 |
| Total Program Service Revenue | $407,948 |
| Investment income | $375 |
| 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 | $2,062,072 |
| 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. | $75,207 |
| Compensation of current officers, directors, key employees. | $15,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,355 |
| Pension plan accruals and contributions | $12,789 |
| Other employee benefits | $43,565 |
| Payroll taxes | $40,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,511 |
| Fees for services: Accounting | $44,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,136 |
| Advertising and promotion | $0 |
| Office expenses | $36,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,021 |
| Travel | $23,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,241 |
| Interest | $44,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,022 |
| Insurance | $21,902 |
| All other expenses | $4,707 |
| Total functional expenses | $1,057,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,080 |
| Savings and temporary cash investments | $1,300,070 |
| Pledges and grants receivable | $55,140 |
| Accounts receivable, net | $147,670 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,367,764 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,096 |
| Net Land, buildings, and equipment | $1,609,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,010 |
| Other assets | $5,900 |
| Total assets | $6,643,530 |
| Accounts payable and accrued expenses | $99,180 |
| Grants payable | $0 |
| Deferred revenue | $67,375 |
| 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 | $1,911,556 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,078,111 |
| Net assets without donor restrictions | $1,363,162 |
| Net assets with donor restrictions | $3,202,257 |
| 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 | $6,643,530 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Clearwater Economic Development Association Inc has recieved totaling $32,925.
| Awarding Organization | Amount |
|---|---|
Innovia Foundation Spokane, WA PURPOSE: FOR THE COMMUNITY DEVELOPMENT TRAINING SERIES | $30,000 |
Lewis-Clark Valley Healthcare Foundation Lewiston, ID PURPOSE: CBYCC 2021 FIRST AID/CPR CERTIFICATIONS | $2,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Eastern Oregon Workforce Investment Board La Grande, OR | $2,038,601 | $2,624,677 |
Greater Seattle Partners Seattle, WA | $2,408,899 | $964,300 |
Southern Oregon Regional Economic Development Inc Medford, OR | $6,059,782 | $2,561,963 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |