Greeley Weld County Economic Development Action Partnership In
- Assets
- $5.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Greeley, CO
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 84-1071701
Organization Overview
Greeley Weld County Economic Development Action Partnership In, operating under the name Dba Upstate Colorado Economic Devel, is located in Greeley, CO. The organization was established in 1988. 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. As of 12/2023, Dba Upstate Colorado Economic Devel employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Upstate Colorado Economic Devel 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 12/2023, Dba Upstate Colorado Economic Devel generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $852.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 9 years. 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
OUR MISSION FOCUSES ON FACILITATING AND ATTRACTING INVESTMENT, CREATING NEW JOB OPPORTUNITIES, STIMULATING INCOME GROWTH AND EXPANDING THE LOCAL COMMUNITY TAX BASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPSTATE COLORADO ECONOMIC DEVELOPMENT ADMINISTERS THE GREELEY COMMUNITY DEVELOPMENT FUND(GCDF) AND THE WELD/LARIMER REVOLVING LOAN FUND (RLF). THESE FUNDS ARE USED TO STIMULATE ECONOMIC GROWTH THROUGH NEW BUSINESS AND BUSINESS EXPANSION LOANS.
UPSTATE COLORADO ECONOMIC DEVELOPMENT ENGAGES IN ECONOMIC STIMULATION THROUGH THE ATTRACTION OF NEW BUSINESS AND EXPANDING BUSINESSES. THIS IS ACCOMPLISHED THROUGH MARKETING AND OTHER INVESTMENTS.
UPSTATE COLORADO ECONOMIC DEVELOPMENT ENGAGES IN ECONOMIC STIMULATION THROUGH THE ATTRACTION OF NEW BUSINESS AND EXPANDING BUSINESSES. THIS IS ACCOMPLISHED THROUGH MARKETING AND OTHER INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Werner President/ce | Officer | 40 | $198,450 |
Dean Brown Director | Trustee | 1 | $0 |
Perry Buck Director | Trustee | 1 | $0 |
Tim Croissant Director | Trustee | 1 | $0 |
John Gates Director | Trustee | 1 | $0 |
Margo Karsten Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $417,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,730 |
| Total Program Service Revenue | $448,176 |
| Investment income | $59,518 |
| 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 | $1,074,424 |
| 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. | $198,449 |
| Compensation of current officers, directors, key employees. | $53,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $316,093 |
| Pension plan accruals and contributions | $35,635 |
| Other employee benefits | $50,805 |
| Payroll taxes | $37,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,198 |
| Office expenses | $9,186 |
| Information technology | $6,197 |
| Royalties | $0 |
| Occupancy | $35,437 |
| Travel | $46,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,908 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $852,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $754,393 |
| Savings and temporary cash investments | $4,671,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,293 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $232,799 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,457 |
| Total assets | $5,918,899 |
| Accounts payable and accrued expenses | $83,255 |
| 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 | $215,439 |
| Total liabilities | $298,694 |
| Net assets without donor restrictions | $716,169 |
| Net assets with donor restrictions | $4,904,036 |
| 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 | $5,918,899 |