Adams County Economic Development Inc
- Assets
- $939.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Westminster, CO
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 84-0872188
Organization Overview
Adams County Economic Development Inc is located in Westminster, CO. The organization was established in 1983. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Adams County Economic Development Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams County Economic Development Inc 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, Adams County Economic Development Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $890.4k 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
ECONOMIC DEVELOPMENT AND JOB CREATION IN ADAMS COUNTY, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT AND PLACEMAKING - DRIVE PROJECTS & INITIATIVES THAT PROMOTE THE REGION'S COMPETATIVENESS AS A DESTINATION FOR BUSINESS AND TALENT BY SHOWCASING THE REGION'S QUALITY OF PLACE.
BUSINESS ADVOCACY & PUBLIC POLICY - SERVE AS AN ACTIVE VOICE FOR BUSINESS & INFLUENCE LEGISLATION ON CRITICAL ISSUES. ADVOCATE FOR DIVERSE INDUSTRIES IN OUR REGION.
MEMBERSHIP DEVELOPMENT & ENGAGEMENT - INCREASE AND RETAIN MEMBERSHIP TO ESTABLISH AC-REP AS THE LEADING BUSINESS AND ECONOMIC DEVELOPMENT ORGANIZATION IN COLORADO.
MARKETING, BRANDING, & COMMUNICATIONS - PROMOTE ECONOMIC DIVERSIFICATION AND EXPANSION IN THE ADAMS COUNTY/METRO NORTH REGION THROUGH PROACTIVE MARKETING AND INCREASED BRAND AWARENESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Hough President/ce | Officer | 40 | $106,547 |
Dawn Davis Treasurer | OfficerTrustee | 2 | $0 |
Susan Fakharzadeh Vice Chair | OfficerTrustee | 2 | $0 |
Tom Stone Chair | OfficerTrustee | 5 | $0 |
Carolynne White Secretary | OfficerTrustee | 2 | $0 |
Andy Dorsey Director | Trustee | 1 | $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 | $978,425 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $978,425 |
| Total Program Service Revenue | $118,661 |
| Investment income | $2,711 |
| 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 | $1,099,797 |
| 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. | $106,547 |
| Compensation of current officers, directors, key employees. | $31,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,097 |
| Pension plan accruals and contributions | $7,064 |
| Other employee benefits | $30,522 |
| Payroll taxes | $34,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,711 |
| Advertising and promotion | $0 |
| Office expenses | $12,679 |
| Information technology | $8,854 |
| Royalties | $0 |
| Occupancy | $48,495 |
| Travel | $7,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $846 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,199 |
| Insurance | $5,257 |
| All other expenses | $59,460 |
| Total functional expenses | $890,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,635 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,625 |
| 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 | $39,499 |
| Net Land, buildings, and equipment | $10,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $939,321 |
| Accounts payable and accrued expenses | $32,111 |
| Grants payable | $0 |
| Deferred revenue | $42,226 |
| 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 | $74,337 |
| Net assets without donor restrictions | $864,984 |
| 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 | $939,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adams County Economic Development Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Catholic Health Initiatives Colorado Centennial, CO PURPOSE: GENERAL OPERATING SUPPORT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Kansas Denver, CO | $25,496,430 | $27,631,308 |
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
First Nations Oweesta Corporation Longmont, CO | $63,460,575 | $8,550,611 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Telluride Mountain Village Owners Association Mountain Village, CO | $58,036,746 | $18,777,626 |
Cplc New Mexico Inc Phoenix, AZ | $8,008,132 | $5,703,819 |
The Alliance For Economic Development Of Oklahoma City Inc Oklahoma City, OK | $832,261 | $5,568,089 |
Viridian Residential Association Scottsdale, AZ | $3,949,158 | $4,903,376 |
Vistancia Village A Community Association Scottsdale, AZ | $3,845,113 | $4,265,306 |