Form 990 for tax year 2022
Filed by MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $139,991
- Total expenses
- $212,880
- Contributions and grants received
- $137,045
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,482
- Other revenue
- $464
- Total assets, end of year
- $436,577
- Total liabilities, end of year
- $102,597
- Net assets or fund balances, end of year
- $333,980
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $209,786
- Fundraising expenses
- $3,094
- Program service expenses (Part III)
- not reported
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
$123,380
-
1c · Fundraising events
$13,665
-
3 · Investment income
total $2,482 · excluded $2,482
-
8a · Fundraising events: gross income
$13,915
-
8a · Fundraising events: contributions included on line 1c
$13,665
-
8b · Fundraising events: direct expenses
$13,451
-
8c · Net income from fundraising events
total $464 · excluded $464
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $126,288 · management and general $126,288
-
10 · Payroll taxes
total $7,563 · management and general $7,563
-
11a · Fees: management
total $948 · management and general $948
-
13 · Office expenses
total $8,597 · management and general $8,597
-
16 · Occupancy
total $19,317 · management and general $19,317
-
20 · Interest
total $5,362 · management and general $5,362
-
22 · Depreciation, depletion and amortization
total $1,503 · management and general $1,503
-
23 · Insurance
total $20,349 · management and general $20,349
-
24a · Other expenses: PROPERTY TAX
total $10,215 · management and general $10,215
-
24b · Other expenses: HEALTH REIMBURSEMENT
total $6,502 · management and general $6,502
-
24c · Other expenses: ANNUAL REPORT
total $2,875 · fundraising $2,875
-
24d · Other expenses: DUES/SUBSCRIPTIONS
total $1,723 · management and general $1,723
-
24e · All other expenses
total $1,638 · management and general $1,419 · fundraising $219
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,478 · end of year $231,730
-
4 · Accounts receivable
beginning of year $4,000 · end of year $15,250
-
7 · Other notes and loans receivable
beginning of year $180,000
-
10a · Land, buildings and equipment: cost or other basis
$214,010
-
10b · Land, buildings and equipment: accumulated depreciation
$24,413
-
10c · Land, buildings and equipment, net
beginning of year $191,100 · end of year $189,597
-
17 · Accounts payable and accrued expenses
beginning of year $2,355 · end of year $2,087
-
23 · Secured mortgages and notes payable
beginning of year $100,380 · end of year $100,510
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $406,843 · end of year $333,980
Mission and programs · 2022
Mission
THE MISSION OF MEDC IS TO STRENGTHEN MONTROSE COUNTY'S ECONOMIC BASE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS THROUGH THE RETENTION, EXPANSION, ATTRACTION, AND DEVELOPMENT OF PRIMARY JOBS AND CAPITAL INVESTMENTS.
Activities or mission (Part I)
THE MISSION OF MEDC IS TO STRENGTHEN MONTROSE COUNTY'S ECONOMIC BASE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS THROUGH THE RETENTION, EXPANSION, ATTRACTION, AND DEVELOPMENT OF PRIMARY JOBS AND CAPITAL INVESTMENTS. THIS MISSION INCLUDES THE PROMOTION OF WORKFORCE ENHANCEMENT, AGRICULTURE ADVANCEMENT, AND OTHER BUSINESS DEVELOPMENT THAT PROVIDES ECONOMIC DIVERSIFICATION AND STABILIZATION.
-
ECONOMIC DEVELOPMENT IN MONTROSE COUNTY, COLORADO INCLUDING ASSISTING IN RETAINING/EXPANDING EXISTING FIRMS AND HELPING BUSINESSES RELOCATE INTO THE AREA. INDIRECT BENEFIT TO ALL RESIDENTS OF COUNTY.
-
ACQUIRE AND DEVELOP SITES FOR INDUSTRIAL/COMMERCIAL USE AS AN AID TO RETAINING/EXPANDING EXISTING FIRMS AND HELPING BUSINESSES TO RELOCATE INTO THE AREA. INDIRECT BENEFIT TO ALL RESIDENTS OF COUNTY.
-
ACQUIRE AND DEVELOP INFRASTRUCTURE FOR INDUSTRIAL/COMMERCIAL USE AS AN AID TO RETAINING/EXPANDING EXISTING FIRMS AND HELPING BUSINESSES TO RELOCATE INTO THE AREA. INDIRECT BENEFIT TO ALL RESIDENTS OF COUNTY.
As filed on the 2022 return.
Listed in Part VII
-
SANDY HEAD
EXECUTIVE DIRECTOR
- Total calculated
- $80,000
- From this org
- $80,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
STEVE ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEITH CADDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALYSSA CLEMSEN ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROLAND HUTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MIKE KUSAR
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ZOE LARKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARTIN LUTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFF MENGENHAUSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JIMMY MERRIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEVE METHENY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BUCK MILLER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MANDY MILLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
JAMES PLUMHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY RUSSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMIE SAFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CORRI SCHMIDT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
DOUG SEACAT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
CARRIE STEPHENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEVE STEVENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JON WASCHBUSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREG DAVIDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LINDSAY FOREPAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATTY GABRIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID SCHIELDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROB SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATRICIA CUMMINGS
EXECUTIVE ASSITANT
- Total calculated
- $46,288
- From this org
- $46,288
- From related orgs
- $0
- Other
- $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
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349306392
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