Form 990 for tax year 2023
Filed by FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC.
Totals
- Total revenue
- $329,575
- Total expenses
- $235,690
- Contributions and grants received
- $241,768
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $7,772
- Other revenue
- $80,035
- Total assets, end of year
- $1,477,009
- Total liabilities, end of year
- $399,605
- Net assets or fund balances, end of year
- $1,077,404
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $235,690
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$241,768
-
3 · Investment income
total $7,772 · related or exempt $7,772
-
11a · Other revenue: CHAMPION'S CROSSING LLC
total $76,685 · related or exempt $76,685
-
11b · Other revenue: CASH RENT
total $3,250 · related or exempt $3,250
-
11c · Other revenue: NORTH COMMERCIAL CORRIDOR
total $100 · related or exempt $100
-
11e · Other revenue, total
$80,035
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $69,148
-
9 · Other employee benefits
total $2,750
-
10 · Payroll taxes
total $5,454
-
11c · Fees: accounting
total $1,600
-
13 · Office expenses
total $3,367
-
14 · Information technology
total $1,130
-
16 · Occupancy
total $5,259
-
19 · Conferences, conventions and meetings
total $4,483
-
23 · Insurance
total $3,743
-
24a · Other expenses: INCENTIVES & OPPORTUNITIE
total $76,000
-
24b · Other expenses: PRODUCT DEVELOPMENT
total $36,886
-
24c · Other expenses: MARKETING & SALES
total $12,326
-
24d · Other expenses: INVESTOR COMMUNICATIONS
total $4,315
-
24e · All other expenses
total $9,229
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,916 · end of year $74,271
-
2 · Savings and temporary cash investments
beginning of year $429,063 · end of year $428,931
-
7 · Other notes and loans receivable
beginning of year $108,079 · end of year $4,500
-
10a · Land, buildings and equipment: cost or other basis
$969,307
-
10c · Land, buildings and equipment, net
beginning of year $305,711 · end of year $969,307
-
19 · Deferred revenue
beginning of year $61,100 · end of year $62,225
-
23 · Secured mortgages and notes payable
beginning of year $96,384 · end of year $337,380
-
27 · Net assets without donor restrictions
beginning of year $723,285 · end of year $1,077,404
Mission and programs · 2023
Mission
TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.
-
TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.
Expenses $235,690
As filed on the 2023 return.
Listed in Part VII
-
Lucas FroeschlLUCAS FROESCHL
EXECUTIVE DI
- Total calculated
- $69,148
- From this org
- $69,148
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kevin MaloneKEVIN MALONE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Rod RowlandROD ROWLAND
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Ray JoyRAY JOY
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 5
-
Bart KellerBART KELLER
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 5
-
Steve KottichSTEVE KOTTICH
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 5
-
Ryan LarsenRYAN LARSEN
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 5
-
Mitch MerzMITCH MERZ
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 5
-
Mark HarkendorffMARK HARKENDORFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve SeverinSTEVE SEVERIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim HeckenlivelyTIM HECKENLIVELY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Samantha ScheitelSAMANTHA SCHEITEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian DaakeBRIAN DAAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris HalbertCHRIS HALBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David SickelDAVID SICKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristen PoppeKRISTEN POPPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe RectorJOE RECTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc MoreheadMARC MOREHEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derrick LeydenDERRICK LEYDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deb LewisDEB LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony NussbaumANTHONY NUSSBAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amber HolleAMBER HOLLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401769349301405
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