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Nonprofiteer
← DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2024

Filed by DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$95,518
Total expenses
$1,890,685
Contributions and grants received
$0
Grants paid
$1,876,726
Program service revenue
$0
Investment income
$95,518
Other revenue
$0
Total assets, end of year
$1,036,950
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,036,950
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $2,763 · related or exempt $2,763

  • 7a · Gross sales of assets other than inventory

    securities $777,801

  • 7b · Less cost or other basis and sales expenses

    securities $685,046

  • 7c · Gain or loss

    securities $92,755

  • 7d · Net gain or loss

    total $92,755 · related or exempt $92,755

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,876,726

  • 11b · Fees: legal

    total $2,910

  • 11c · Fees: accounting

    total $1,150

  • 11f · Fees: investment management

    total $1,105

  • 23 · Insurance

    total $1,728

  • 24a · Other expenses: Contract Labor

    total $5,000

  • 24b · Other expenses: Meeting Expense

    total $2,066

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,208,688 · end of year $44,107

  • 11 · Investments: publicly traded securities

    beginning of year $813,480 · end of year $85

  • 13 · Investments: program-related

    beginning of year $1,400 · end of year $1,400

  • 15 · Other assets

    beginning of year $891,982 · end of year $991,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,727 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,913,823 · end of year $1,036,950

Mission and programs · 2024

Mission

To create an environment which will enhance the Durango area economy by creating new jobs and diversifying our economic base.

  • Create and enhance industrial development projects in the Durango area.

As filed on the 2024 return.

Listed in Part VII

  • James Morehart

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Don Mapel

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Steve Short

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Munroe

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jason Portz

    President

    Total calculated
    $0
    Hours/week
    1

  • Heidi Zink

    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

  • Regional Housing Alliance of La Plata County

    $938,553

    To provide support for the preservation, rehabilitation, and development of appropriate affordable and attainable housing essential to the long-term economic sustainability and resiliency of La Plata County and its communities.

  • The Fort Lewis College Foundation

    $938,173

    To provide for educational and cultural opportunities at Fort Lewis College through scholarships, programs, and facilities.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543289349300319

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