Regional Development Alliance Inc
- Assets
- $6.8m
- Revenue
- $480.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Idaho Falls, ID
- Founding
- 11/1997
- Data as of
- 05/2022
- EIN
- 84-1407698
Organization Overview
Regional Development Alliance Inc is located in Idaho Falls, ID. The organization was established in 1997. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Regional Development Alliance 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 05/2022, Regional Development Alliance Inc generated $480.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BUSINESS FINANCING FOR THE PURPOSES OF JOB CREATION IN EASTERN IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BONNEVILLE REVOLVING LOAN FUND WAS ESTABLISHED TO ASSIST SMALL BUSINESSES THAT HAVE BEEN UNSUCCESSFUL IN OBTAINING FINANCING FROM THE PRIVATE SECTOR FOR A PORTION OR ALL OF A PROJECT. AMOUNTS RECEIVED FROM THE U.S. DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION ARE TARGETED TOWARDS THE CREATION AND/OR RETENTION OF LOCAL JOBS, SMALL BUSINESS START-UP OR EXPANSION, ASSISTING BUSINESSES AND PROMOTING ECONOMIC DEVELOPMENT ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Chadwick Executive Di | Trustee | 40 | $74,776 |
Gordon Egan Treasurer | OfficerTrustee | 1 | $0 |
Jeff Hart 1st Vice Cha | OfficerTrustee | 1 | $0 |
Scott Hancock Chairman | OfficerTrustee | 1 | $0 |
Brent Mendenhall Secretary | OfficerTrustee | 1 | $0 |
Byron Reed 2nd Vice Cha | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,967 |
| Investment income | $500,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,196 |
| 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 | $103,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,859 |
| Fees for services: Accounting | $15,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,817 |
| Office expenses | $9,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222 |
| Insurance | $12,121 |
| All other expenses | $3,648 |
| Total functional expenses | $1,152,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,507,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,239,619 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,754,531 |
| Accounts payable and accrued expenses | $8,695 |
| 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 | $8,695 |
| Net assets without donor restrictions | $6,745,836 |
| 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 | $6,754,531 |
Grants Awarded
Over the last fiscal year, Regional Development Alliance Inc has awarded $44,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Mackay, ID | | $24,500 |
Blackfoot, ID | | $9,500 |
Rexburg, ID | | $5,250 |
Blackfoot, ID | | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dbia Services Seattle, WA | $3,840,656 | $12,725,928 |
Mountain West Small Business Finance Salt Lake City, UT | $11,137,576 | $7,876,705 |
Native American Development Corporation Billings, MT | $7,334,421 | $5,770,439 |
Forth Portland, OR | $1,266,604 | $3,911,296 |
Business Training & Resource Center Orem, UT | $964,220 | $3,995,549 |
Blue Stakes Of Utah Utility Notification Center Inc South Jordan, UT | $5,829,969 | $3,634,307 |
Better Bisiness Bureau Serving Northern Nevada And Utah Inc Salt Lake City, UT | $1,961,659 | $2,268,146 |
Ongo Alliance Beaverton, OR | $3,125,712 | $2,187,480 |
Nevada State Development Corporation Las Vegas, NV | $2,571,893 | $1,752,210 |
Iadlest Eagle, ID | $1,362,318 | $1,947,022 |
Better Business Bureau Of Southern Nevada Inc Las Vegas, NV | $2,185,775 | $1,882,661 |
Bioutah Salt Lake City, UT | $1,065,676 | $1,486,109 |