Upton Economic Development Borad
- Assets
- $4.4m
- Revenue
- $118.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Upton, WY
- Founding
- 05/2011
- Data as of
- 06/2023
- EIN
- 83-0284995
Organization Overview
Upton Economic Development Borad is located in Upton, WY. 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. Upton Economic Development Borad 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 06/2023, Upton Economic Development Borad generated $118.7k 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 (22.2%) each year. All expenses for the organization totaled $157.1k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
UPTON ECONOMIC DEVELOPMENT BOARD'S PURPOSE IS TO FURTHER ECONOMIC DEVELOPMENT & CIVIC PROJECTS FOR UPTON, WESTON COUNTY, WYOMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UEDB IS JUST ABOUT COMPLETED THE CONSTRUTION PHASE OF A NEW MOTEL IN UPTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Mills Treasurer | OfficerTrustee | 2 | $0 |
John Marshall President | OfficerTrustee | 2 | $0 |
Clark Coberly Secretary | OfficerTrustee | 2 | $0 |
Carmen Diehl Director | Trustee | 2 | $0 |
Walter Riehemann Director | Trustee | 2 | $0 |
Tony Barton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| 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 | $15,000 |
| Total Program Service Revenue | $0 |
| Investment income | $109,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,676 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,218 |
| Fees for services: Management | $50,400 |
| Fees for services: Legal | $2,011 |
| Fees for services: Accounting | $5,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,185 |
| Fees for services: Other | $940 |
| Advertising and promotion | $14,884 |
| Office expenses | $3,888 |
| Information technology | $2,382 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,527 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $573 |
| Insurance | $1,635 |
| All other expenses | $0 |
| Total functional expenses | $157,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,561 |
| Savings and temporary cash investments | $4,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $655,265 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $206,317 |
| Investments—publicly traded securities | $1,901,403 |
| Investments—other securities | $0 |
| Investments—program-related | $1,606,919 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,405,217 |
| Accounts payable and accrued expenses | $810 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $810 |
| Net assets without donor restrictions | $4,404,407 |
| 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 | $4,405,217 |
Grants Awarded
Over the last fiscal year, Upton Economic Development Borad has awarded $4,282,028 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WYOMING COMMUNITY FOUNDATION PURPOSE: CHARITY | $4,000,000 |
TOWN OF UPTON PURPOSE: PARK BUILDINGS | $282,028 |