Panhandle Area Council Inc
- Assets
- $8.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Hayden, ID
- Founding
- 06/1974
- Data as of
- 09/2021
- EIN
- 82-0303883
Organization Overview
Panhandle Area Council Inc is located in Hayden, ID. The organization was established in 1974. 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, Panhandle Area Council Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle Area Council 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 09/2021, Panhandle Area Council Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $1.2m during the year ending 09/2021. While expenses have increased by 10.4% 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
TO PROMOTE THE WELFARE OF NORTHERN IDAHO, THE STATE OF IDAHO AND THE REGION AS A WHOLE; TO IMPROVE THE ECONOMIC STABILITY OF SAID AREAS; TO SEEK, ACCEPT AND ASSIST IN THE PLACEMENT OF NEW INDUSTRIES AND TO ASSIST IN THE WELL-BEING AND EXPANSION OF PRESENT INDUSTRIES OF THE REGION; TO COOPERATE WITH ALL LEVELS OF GOVERNMENT, LOCAL, STATE AND FEDERAL, AND WITH ALL INTERESTED PRIVATE INDIVIDUALS AND LEGAL ENTITIES IN THE FURTHERING OF ALL SUCH PURPOSES; TO ACCEPT AND USE ANY FEDERAL OR STATE AID FUNDS AVAILABLE, AND ANY PRIVATE FUNDS WHICH MAY BE MADE AVAILABLE TO THE CORPORATION FOR ITS USES AND PURPOSES; TO MAKE ALL NECESSARY STUDIES AND SURVEYS, TO BORROW MONEY, TO BUY, SELL, HOLD, ACQUIRE, OWN, MORTGAGE, HYPOTHECATE, TRANSFER, LEASE, EXCHANGE, TRADE OR OTHERWISE TO ACQUIRE OR DISPOSE OF REAL AND PERSONAL PROPERTY; TO EXERICSE THOSE POWERS COMMONLY EXERCISED BY NATURAL PERSONS AND TO DO ALL ACTS OR THINGS USEFUL OR INCIDENTAL TO THE PURPOSES FOR WHICH THIS CORPORATION IS CONSTITUTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS INCLUDING SMALL BUSINESSES IN THE REGION BY PROVIDING LOANS, BUSINESS COUNSELING, GOVERNMENT PROCUREMENT ASSISTANCE, GRANT WRITING AND ADMINISTRATION, ECONOMIC DEVELOPMENT PLANNING AND A BUSINESS INCUBATOR FOR START-UP AND EXPANDING SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd W Jacobsen Executive Dir. | OfficerTrustee | 40 | $114,260 |
Kyle Hendricks Vice President | OfficerTrustee | 1 | $0 |
Alan Wolfe President | OfficerTrustee | 1 | $0 |
Darrell Raver Treasurer | Trustee | 1 | $0 |
Jeri Delange Secretary | Trustee | 1 | $0 |
John Hansen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,094 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,045,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,076,344 |
| Total Program Service Revenue | $818,250 |
| Investment income | $232 |
| 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 | $2,894,826 |
| 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. | $114,260 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $147,876 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,439 |
| Interest | $175,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,669 |
| Insurance | $12,645 |
| All other expenses | $71,776 |
| Total functional expenses | $1,249,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,784,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $213,017 |
| 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 | $14,544 |
| Net Land, buildings, and equipment | $1,321,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,929,913 |
| Total assets | $8,263,828 |
| Accounts payable and accrued expenses | $111,516 |
| Grants payable | $0 |
| Deferred revenue | $41,332 |
| 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 | $3,440,125 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$15,947 |
| Total liabilities | $3,577,026 |
| Net assets without donor restrictions | $846,170 |
| Net assets with donor restrictions | $3,840,632 |
| 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 | $8,263,828 |
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 |