Priest River Development Corporation
- Assets
- $1.4m
- Revenue
- $366.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Priest River, ID
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 82-0367289
Organization Overview
Priest River Development Corporation is located in Priest River, ID. The organization was established in 1984. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Priest River Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Priest River Development Corporation generated $366.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $159.2k during the year ending 12/2021. 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 FACILITATE THE DIVERSIFICATION OF EMPLOYMENT OPPORTUNITIES IN THE PRIEST RIVER AREA AND PROVIDE PROPERLY ZONED COMMERCIAL PROPERTY AT REASONABLE COSTS SUPPORTING BUSINESS AND GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF SITES WITHIN 31 ACRE INDUSTRIAL PARK TO 6 BUSINESSES TO ENOUCRAGE EMPLOYMENT AND INCREASE JOB GROWTH. SUPPORT OF EDUCATION AND LOCAL CHAMBERS OF COMMERCE TO ENCOURAGE FURTHER ECONOMIC GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katlyn Ward Employee | 20 | $16,191 | |
Greg Snow President | OfficerTrustee | 2 | $0 |
Chad Summers Vice President | Officer | 2 | $0 |
Lijah Manus Director | Trustee | 2 | $0 |
Daniel W Larson Director | Trustee | 2 | $0 |
Martin Negle Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $165,817 |
| Investment income | $3,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,511 |
| 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. | $16,191 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,292 |
| Fees for services: Management | $5,475 |
| Fees for services: Legal | $234 |
| Fees for services: Accounting | $5,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,718 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,744 |
| Office expenses | $101 |
| Information technology | $70 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,107 |
| Interest | $2,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,284 |
| Insurance | $12,524 |
| All other expenses | $14,323 |
| Total functional expenses | $159,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,830 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,037,958 |
| Investments—publicly traded securities | $132,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,427,031 |
| Accounts payable and accrued expenses | $2,814 |
| 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 | $47,429 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,243 |
| Net assets without donor restrictions | $1,376,788 |
| Net assets with donor restrictions | $0 |
| 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 | $1,427,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Better Business Bureau Northwest & The Pacific Meridian, ID | $12,663,037 | $21,981,546 |
Seattle-King County Convention And Visitors Bureau Seattle, WA | $9,612,015 | $12,509,131 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Western United States Agricultural Trade Association Vancouver, WA | $8,949,340 | $8,386,044 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |
Washington Association Of Realtors Olympia, WA | $17,163,792 | $6,357,823 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |
Travel Salem Salem, OR | $3,237,636 | $5,433,877 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Pacific Lumber Inspection Bureau Federal Way, WA | $3,862,387 | $4,417,361 |
Yellowstone Country Montana Inc Bozeman, MT | $39,571 | $2,349,063 |
Economic Development Authority Of Western Nevada Reno, NV | $1,155,384 | $2,792,474 |