Otero Partners Incorporated

Organization Overview

Otero Partners Incorporated is located in La Junta, CO. The organization was established in 2002. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Otero Partners Incorporated 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 12/2022, Otero Partners Incorporated generated $56.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN A REVOLVING LOAN FUND TO ENCOURAGE ECONOMIC DIVERSIFICATION AND JOB CREATION AND RETENTION TO BENEFIT VERY LOW LOW AND MODERATE PERSONS IN OTERO COUNTY COLORADO AND LAS ANIMAS COUNTY COLORADO

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO MAINTAIN A REVOLVING LOAN FUND TO PROVIDE LOW COST FINANCIAL RESOURCES TO ELIGIBLE SMALL BUSINESSES LOCATED IN LAS ANIMAS AND OTERO COUNTIES IN COLORADO.


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Board, Officers & Key Employees

Name (title)Compensation
Rob Oquist
Vice Chair
$0
Lucas Flanscha
Chairman
$0
Luis Lopez
Secretary Treasurer
$0
Dave Howard
Director
$0
Danny Chavez
Director
$0
Martin Montoya
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $35,000
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$35,000
Total Program Service Revenue$0
Investment income $12,295
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 $56,580

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