Bonner County Economic Development Corporation
- Assets
- $87.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sandpoint, ID
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 82-0526763
Organization Overview
Bonner County Economic Development Corporation is located in Sandpoint, ID. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Bonner County Economic 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, Bonner County Economic Development Corporation generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $43.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2021, THE BONNER COUNTY ECONOMIC DEVELOPMENT PUT OUT AN RFP TO CONDUCT AN ECONOMIC STRATEGIC PLAN FOR BONNER COUNTY. THIS WAS SPONSORED BY THE CITY OF SANDPOINT AND HOSTED BY BCEDC. THE RFP WAS AWARDED AND THE CONSULTANT COMPLETED THE RESEARCH, OUTREACH, AND DELIVERABLES IN 2021. STRATEGIC PLANNING WORKSHOPS WERE SCHEDULED FOR EARLY 2022 WHICH WOULD RESULT IN A FINALIZED BONNER COUNTY ECONOMIC DEVELOPMENT STRATEGIC PLAN COMPLETE WITH CORE PRINCIPLES, FOCUS, AND DEVELOPED STRATEGIC PRIORITIES, INITIATIVES, AND ACTION ITEMS. IN 2021, BCEDC FINALIZED IT'S OUTREACH PROGRAM FOR BUSINESS OWNERS AFFECTED BY COVID-19 AND PROVIDED OVER 80K (2020-2021) IN COLLABORATION FUNDING TO ASSIST BUSINESS LOOKING TO PIVOT THEIR BUSINESS MODELS, BROADEN THEIR MARKET, OR OTHER FACTORS THAT MAY HAVE DISRUPTED THEIR BUSINESS DUE TO COVID EFFECTS ON THE ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Robinson Director | 1 | $0 | |
Sheryl Rickard Director | 1 | $0 | |
Eric Paull Officer | 1 | $0 | |
Todd Prescott Director | 1 | $0 | |
Jeff Connolly Director | 1 | $0 | |
Colin Mclemore Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,424 |
| Total Program Service Revenue | $0 |
| Membership dues | $140 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,564 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,791 |
| Professional fees and other payments to independent contractors | $7,319 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $62 |
| Other expenses | $4,514 |
| Total expenses | $43,686 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,407 |
| Other assets | $0 |
| Total assets | $87,421 |
| Total liabilities | $335 |
| Net assets or fund balances | $87,086 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bonner County Economic Development Corporation has recieved totaling $13,804.
| Awarding Organization | Amount |
|---|---|
Innovia Foundation Spokane, WA PURPOSE: SMALL BUSINESS ECONOMIC RECOVERY - CARES GRANT | $13,804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Lake Tahoe Visitors Authority Inc Stateline, NV | $11,099,919 | $7,709,043 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Las Vegas Events Inc Las Vegas, NV | $8,586,651 | $5,544,926 |
Institute Of Inspection Cleaning & Restoration Certification Iicrc Las Vegas, NV | $11,140,203 | $7,426,713 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |