Region 9 Economic Development District Of Southwest Colorado Inc
- Assets
- $9.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Durango, CO
- Founding
- 09/1991
- Data as of
- 09/2021
- EIN
- 84-1125631
Organization Overview
Region 9 Economic Development District Of Southwest Colorado Inc is located in Durango, CO. The organization was established in 1991. 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 09/2021, Region 9 Economic Development District Of Southwest Colorado Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Region 9 Economic Development District Of Southwest Colorado 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 09/2021, Region 9 Economic Development District Of Southwest Colorado Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $1.2m during the year ending 09/2021. While expenses have increased by 1.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE ECONOMIC CONDITIONS IN SOUTHWEST COLORADO THROUGH ADMINISTRATION OF PROGRAMS AND DEVELOPMENT GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT AIDED BY DISBURSING REVOLVING LOAN FUNDS TO AREA BUSINESSES, PROMOTED WITH COLORADO ENTERPRISE ZONE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lewis Marchino Executive Di | Officer | 40 | $107,637 |
William Tookey Chairman | OfficerTrustee | 1 | $0 |
Colleen O'brien Treasurer | OfficerTrustee | 1 | $0 |
Dan Fernandez Secretary | OfficerTrustee | 1 | $0 |
Mary Jo Coulehan Vice Chair | OfficerTrustee | 1 | $0 |
Dewayne Findley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,218,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,221,264 |
| Total Program Service Revenue | $660,403 |
| Investment income | $164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,071,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,993,754 |
| 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. | $120,370 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,618 |
| Pension plan accruals and contributions | $15,140 |
| Other employee benefits | $97,736 |
| Payroll taxes | $52,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,350 |
| Insurance | $410 |
| All other expenses | $165,394 |
| Total functional expenses | $1,229,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,521,855 |
| Savings and temporary cash investments | $144,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,728,505 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,468 |
| Net Land, buildings, and equipment | $598,363 |
| Investments—publicly traded securities | $14,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,635 |
| Total assets | $9,348,510 |
| Accounts payable and accrued expenses | $41,171 |
| 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 | $2,009,451 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,050,622 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,993,601 |
| Paid-in or capital surplus, or land, building, or equipment fund | $315,402 |
| Retained earnings, endowment, accumulated income, or other funds | $2,988,885 |
| Total liabilities and net assets/fund balances | $9,348,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Centerra Public Improvement Collection Corporation Loveland, CO | $379,662 | $2,826,725 |