Roswell-Chaves County Economic Development Foundation
- Assets
- $624.5k
- Revenue
- $438.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Roswell, NM
- Founding
- 06/1987
- Data as of
- 06/2021
- EIN
- 85-0350686
Organization Overview
Roswell-Chaves County Economic Development Foundation is located in Roswell, NM. The organization was established in 1987. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Roswell-Chaves County Economic Development Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roswell-Chaves County Economic Development Foundation 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 06/2021, Roswell-Chaves County Economic Development Foundation generated $438.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $310.5k during the year ending 06/2021. While expenses have increased by 3.4% 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 PROMOTE ECONOMIC DEVELOPMENT IN CHAVES COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE CHARITABLE, EDUCATIONAL, BENEVOLENT, CIVIC, CULTURAL, SCIENTIFIC, PROFESSIONAL, INDUSTRIAL AND TRADE SERVICE IN THE SOCIAL, EDUCATIONAL, AND ECONOMIC DEVELOPMENT OF CHAVES COUNTY
PROMOTE ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mcleod Board Member | OfficerTrustee | $0 | |
Leah Boone Secretary | Trustee | $0 | |
Steve Dodson Treasurer | Trustee | $0 | |
Mary Featherstone Board Member | Trustee | $0 | |
Mark Fisher Board Member | Trustee | $0 | |
Steve Harris Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $246,000 |
| 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 | $246,000 |
| Total Program Service Revenue | $171,296 |
| Investment income | $21,346 |
| 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 | $438,642 |
| 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 | $207,316 |
| Pension plan accruals and contributions | $5,562 |
| Other employee benefits | $0 |
| Payroll taxes | $16,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,470 |
| Advertising and promotion | $5,303 |
| Office expenses | $3,505 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,006 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,491 |
| All other expenses | $0 |
| Total functional expenses | $310,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,883 |
| Savings and temporary cash investments | $220,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $227,668 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $624,503 |
| Accounts payable and accrued expenses | $26,430 |
| 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 | $26,430 |
| Net assets without donor restrictions | $373,559 |
| Net assets with donor restrictions | $224,514 |
| 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 | $624,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Livestock Show & Rodeo Inc Houston, TX | $373,631,947 | $77,585,862 |
State Fair Of Texas Dallas, TX | $104,850,223 | $80,726,809 |
Western Stock Show Association Denver, CO | $82,529,482 | $49,917,896 |
San Antonio Livestock Exposition Inc San Antonio, TX | $39,007,333 | $12,434,499 |
Houston Livestock Show And Rodeo Educational Fund Houston, TX | $117,451,664 | $14,021,217 |
Earth Day Texas Inc Dallas, TX | $1,234,061 | $10,432,701 |
Bell County Expo Inc Belton, TX | $3,987,483 | $11,578,565 |
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Utah State Fair Corporation Salt Lake City, UT | $6,943,836 | $8,118,734 |
Expo Center Of Taylor County Abilene, TX | $1,469,726 | $5,612,899 |
Fairfield Village Community Inc Houston, TX | $4,878,144 | $5,460,075 |