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Nonprofiteer
← PORTNEUF VALLEY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by PORTNEUF VALLEY DEVELOPMENT CORPORATION.

Totals

Total revenue
$353,213
Total expenses
$389,441
Contributions and grants received
$20,000
Grants paid
$0
Program service revenue
$332,000
Investment income
$1,213
Other revenue
$0
Total assets, end of year
$225,221
Total liabilities, end of year
$9,016
Net assets or fund balances, end of year
$216,205
Program services expenses (Part IX)
$329,010
Management and general expenses
$60,431
Fundraising expenses
$0
Program service expenses (Part III)
$329,010

Program services were 84.5% 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.

  • 1f · All other contributions, gifts and grants

    $20,000

  • 2a · Program service revenue: PROGRAM SERVICE - INVESTOR FE

    total $332,000 · related or exempt $332,000

  • 3 · Investment income

    total $1,213 · related or exempt $1,213

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $119,423 · program services $119,423

  • 7 · Other salaries and wages

    total $41,768 · program services $41,768

  • 8 · Pension plan contributions

    total $4,572 · program services $4,572

  • 10 · Payroll taxes

    total $12,671 · program services $12,671

  • 11b · Fees: legal

    total $6,565 · management and general $6,565

  • 11c · Fees: accounting

    total $8,275 · management and general $8,275

  • 12 · Advertising and promotion

    total $6,906 · program services $6,906

  • 13 · Office expenses

    total $3,856 · management and general $3,856

  • 14 · Information technology

    total $11,760 · management and general $11,760

  • 16 · Occupancy

    total $29,744 · management and general $29,744

  • 17 · Travel

    total $75,908 · program services $75,908

  • 19 · Conferences, conventions and meetings

    total $2,682 · program services $2,682

  • 22 · Depreciation, depletion and amortization

    total $3,561 · program services $3,561

  • 23 · Insurance

    total $2,234 · program services $2,234

  • 24a · Other expenses: CONTRACT SERVICES

    total $19,104 · program services $19,104

  • 24b · Other expenses: SPECIAL PROJECTS

    total $17,970 · program services $17,970

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $12,146 · program services $12,146

  • 24d · Other expenses: TELEPHONE EXPENSES

    total $6,258 · program services $6,258

  • 24e · All other expenses

    total $4,038 · program services $3,807 · management and general $231

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,263 · end of year $27,580

  • 2 · Savings and temporary cash investments

    beginning of year $169,743 · end of year $150,682

  • 10a · Land, buildings and equipment: cost or other basis

    $50,614

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,655

  • 10c · Land, buildings and equipment, net

    beginning of year $48,645 · end of year $46,959

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,093 · end of year $9,016

  • 27 · Net assets without donor restrictions

    beginning of year $250,558 · end of year $216,205

Mission and programs · 2023

Mission

BANNOCK DEVELOPMENT CORPORATION (BDC) IN COOPERATION WITH OUR REGIONAL ECONOMIC DEVELOPMENT PARTNERS WILL FACILITATE A HEALTHY ECONOMY FOR THE BANNOCK COUNTY AREA.

  • PROMOTED ECONOMIC DEVELOPMENT FOR BANNOCK COUNTY AND PROVIDED INFORMATION TO NEW BUSINESSES TO ENTICE THEM TO LOCATE IN BANNOCK COUNTY.

    Expenses $206,026

  • PROMOTED ECONOMIC DEVELOPMENT FOR BANNOCK COUNTY AND PROVIDED INFORMATION

    Expenses $122,984

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Miacate Kennedy I

    EXECUTIVE DI

    Total calculated
    $119,423
    From this org
    $119,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brian Berret

    PRESIDENT

    Total calculated
    $0

  • Brian Blad

    MEMBER

    Total calculated
    $0

  • Kory Call

    MEMBER

    Total calculated
    $0

  • Kevin England

    MEMBER

    Total calculated
    $0

  • Larry Fisher

    MEMBER

    Total calculated
    $0

  • Jeff Hough

    MEMBER

    Total calculated
    $0

  • Aaron Hunsaker

    MEMBER

    Total calculated
    $0

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
12 November 2024
IRS schema version
2023v5.0
Source object
202433199349311278

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