San Luis Valley Development Resources Group

Organization Overview

San Luis Valley Development Resources Group is located in Alamosa, CO. The organization was established in 1983. 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 12/2021, San Luis Valley Development Resources Group employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Luis Valley Development Resources Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, San Luis Valley Development Resources Group generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT PLANNING FOR LOCAL GOVERNMENTS AND AGENCIES AND ADMINISTRATION OF REVOLVING LOAN FUND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OTHER SHORT TERM PROJECTS INCLUDING: ASSISTING CDOT WITH TRANSPORTATION PLANNING, PREPARING A MAP OF TOURIST ATTRACTIONS IN THE SAN LUIS VALLEY, ASSISTING IN THE CREATION OF A MULTI-COUNTY TOURISM BASED ITINERARY AND WEB SITE, ASSISTING IN THE CREATION OF A FOOD WAREHOUSE TO BENEFIT THE FOOD BANK NETWORK OF THE SAN LUIS VALLEY AND ASSISTING MINERAL COUNTY BUSINESSES THAT HAVE BEEN IMPACTED BY THE WILDFIRES. THESE PROGRAMS VARY FROM YEAR TO YEAR.


REVOLVING LOAN FUNDS ARE USED TO PROVIDE COMMERCIAL FINANCING TO FOR-PROFIT BUSINESSES LOCATED IN THE SIX COUNTIES ENCOMPASSING THE SAN LUIS VALLEY.FINANCING IS ALSO AVAILABLE FOR BUSINESS EXPANSION, START-UPS, AND RETENTIONS.


ENTERPRISE ZONE MARKETING FUNDS USED TO ADMINISTER AND PROMOTE THE UPPER ARKANSAS/SAN LUIS VALLEY ENTERPRISE ZONE. THE PROGRAM ADVERTISES AND RECRUITS COMPANIES THAT MAY WANT TO RELOCATE TO THE SAN LUIS VALLEY, AS WELL AS THE EXPANSION OF EXISTING COMPANIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Wilkins
Executive Dir.
$118,727
Anne Jones
CFO
$73,109
Mike Yohn
Chairman
$0
Ashley Valdez
Sec/ Treas
$0
Larry Zaragoza
Vice Chairman
$0
Kent Curtis
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,619,175
All other contributions, gifts, grants, and similar amounts not included above$37,252
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,656,427
Total Program Service Revenue$875,897
Investment income $883
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,650
Net Gain/Loss on Asset Sales $66,080
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,612,937

Grants Recieved

Over the last fiscal year, we have identified 1 grants that San Luis Valley Development Resources Group has recieved totaling $7,500.

Awarding OrganizationAmount
El Pomar Foundation

Colorado Springs, CO

PURPOSE: 2021 EARLY IRON FESTIVAL

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,926,679
Earnings$38,760
Net Contributions$278,900
Other Expense$101,546
Ending Balance$2,142,793

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