West End Economic Development Corporation
- Assets
- $371.7k
- Revenue
- $365.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Naturita, CO
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 90-1017957
Organization Overview
West End Economic Development Corporation is located in Naturita, CO. The organization was established in 2015. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, West End Economic Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West End Economic Development Corporation 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 12/2021, West End Economic Development Corporation generated $365.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $237.2k during the year ending 12/2021. 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
ECONOMIC AND SMALL BUSINESS DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST END ECONOMIC DEVELOPMENT CORPORATION RECEIVED A 3-YEAR GRANT FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION TO ASSIST WITH THE TRANSITION FROM A COAL-AFFECTED COMMUNITY RELIANT ON EXTRACTION SERVICES AND ASSIST AREA BUSINESSES WITH THE TRANSITION OR REDEVELOPMENT OR OPERATIONS. DESIGNED TO ASSIST WITH ALL FORMS OF COMMUNITY DEVELOPMENT NEEDED TO MAKE IT POSSIBLE FOR BUSINESSES TO LOCATE AND GROW WITHIN THE REGION. INCLUDES COMMUNITY DEVELOPMENT INFRASTRUCTURE AS WELL AS HOUSING PROJECTS AND TOWN GOVERNMENTS BOARD TRAINING. GRANT FUNDS SALARIES FOR 3 YEARS; FINAL YEAR OF GRANT.
BLUEPRINT SBDC IS A GRANT-FUNDED PROGRAM TO ASSIST SMALL BUSINESSES DEVELOP THEIR BUSINESS PLANS PROVIDE CLASS TRAINING AND ONE-ON-ONE CONSULTATION WITH QUALIFIED SMALL BUSINESS COUNSELORS INCLUDING CONTRACTORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deana Sheriff Executive Director | Officer | 45 | $80,164 |
Aimee Tooker President | Officer | 5 | $0 |
Rick Wolney Vice President | Officer | 1 | $0 |
Kenny Heldman Secretary Treasurer | Officer | 1 | $0 |
Carrie Andrew Director | Trustee | 1 | $0 |
April Montgomery Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,700 |
| Fundraising events | $550 |
| Related organizations | $0 |
| Government grants | $351,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,349 |
| Total Program Service Revenue | $288 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,066 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,312 |
| 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. | $129,681 |
| Compensation of current officers, directors, key employees. | $129,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,224 |
| Payroll taxes | $9,921 |
| Fees for services: Management | $12,500 |
| Fees for services: Legal | $3,199 |
| Fees for services: Accounting | $5,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,365 |
| Office expenses | $5,917 |
| Information technology | $6,903 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,165 |
| Interest | $86 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,385 |
| All other expenses | $14,393 |
| Total functional expenses | $237,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,301 |
| Accounts receivable, net | $20,000 |
| 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 | $146,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,495 |
| Total assets | $371,715 |
| Accounts payable and accrued expenses | $3,189 |
| 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 | $17,480 |
| Other liabilities | $7,104 |
| Total liabilities | $27,773 |
| Net assets without donor restrictions | $0 |
| 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 | $343,942 |
| Total liabilities and net assets/fund balances | $371,715 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that West End Economic Development Corporation has recieved totaling $159,074.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY | $51,000 |
Telluride Foundation Telluride, CO PURPOSE: OPERATIONS | $50,500 |
Boettcher Foundation Denver, CO PURPOSE: TRUSTEE INITIATED OPERATIONAL SUPPORT | $25,000 |
Boettcher Foundation Denver, CO PURPOSE: TRUSTEE INITIATED OPERATING SUPPORT | $25,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: 2021 EVENTS | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icast Internationl Center For Appropriate & Sustanabl Technology Lakewood, CO | $9,165,224 | $20,236,331 |
Rural Enterprises Of Oklahoma Inc Durant, OK | $41,908,355 | $15,173,432 |
East Central Kansas Economic Opportunity Corp Ottawa, KS | $5,122,658 | $10,399,835 |
Central Oklahoma Economic Development District Shawnee, OK | $5,863,107 | $4,724,858 |
Dubois Community Project Inc Dubois, WY | $25,993 | $2,941 |
New Mexico Community Capital Albuquerque, NM | $12,754,152 | $2,840,640 |
Southern Arizona Land Trust Inc Tucson, AZ | $20,281,486 | $2,439,910 |
Native360 Loan Fund Inc Grand Island, NE | $7,395,095 | $2,498,904 |
The Blessing Projects Moran, WY | $225,465 | $598,592 |
Northwest Douglas County Economic Development Corporation Highlands Ranch, CO | $400,033 | $401,030 |
Granary Foundation Lyons, NE | $7,509,758 | $331,919 |
Southwest Tribal Fisheries Commission Inc Ignacio, CO | $746,144 | $339,492 |