Form 990 for tax year 2023
Filed by LA PLATA ECONOMIC DEVELOPMENT ALLIANCE.
Totals
- Total revenue
- $1,355,005
- Total expenses
- $839,311
- Contributions and grants received
- $1,048,860
- Grants paid
- $225,042
- Program service revenue
- $293,649
- Investment income
- $15,267
- Other revenue
- -$2,771
- Total assets, end of year
- $1,406,051
- Total liabilities, end of year
- $279,926
- Net assets or fund balances, end of year
- $1,126,125
- Program services expenses (Part IX)
- $710,994
- Management and general expenses
- $54,810
- Fundraising expenses
- $73,507
- Program service expenses (Part III)
- $625,752
Program services were 84.7% 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
$102,938
-
1e · Government grants (contributions)
$945,922
-
2a · Program service revenue: HOUSING STRATEGY SERVICES
total $203,629 · related or exempt $203,629
-
2b · Program service revenue: SUMMIT EVENT
total $90,020 · related or exempt $90,020
-
3 · Investment income
total $19,424 · excluded $19,424
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $700
-
6c · Rental income or loss
real property $700
-
6d · Net rental income or loss
total $700 · excluded $700
-
7a · Gross sales of assets other than inventory
securities $306,990
-
7b · Less cost or other basis and sales expenses
securities $311,147
-
7c · Gain or loss
securities -$4,157
-
7d · Net gain or loss
total -$4,157 · excluded -$4,157
-
8c · Net income from fundraising events
total $0 · excluded $4,778
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUs income
total $190 · excluded $190
-
11b · Other revenue: SCAPE K1 ACTIVITY
total -$3,661 · excluded -$3,661
-
11e · Other revenue, total
-$3,471
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $225,042 · program services $225,042
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $121,977 · program services $62,208 · management and general $18,296 · fundraising $41,473
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $178,949 · program services $160,577 · management and general $4,234 · fundraising $14,138
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $33,748 · program services $25,878 · management and general $2,236 · fundraising $5,634
-
10 · Payroll taxes
total $23,340 · program services $17,342 · management and general $1,727 · fundraising $4,271
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $3,600 · management and general $3,600
-
11c · Fees: accounting
total $15,506 · management and general $15,506
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $3,106 · management and general $3,106
-
11g · Fees: other
total $97,901 · program services $97,769 · management and general $132
-
12 · Advertising and promotion
total $13,792 · program services $10,188 · management and general $2,201 · fundraising $1,403
-
13 · Office expenses
total $22,400 · program services $16,643 · management and general $1,658 · fundraising $4,099
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $10,200 · program services $7,578 · management and general $755 · fundraising $1,867
-
17 · Travel
total $3,401 · program services $2,527 · management and general $252 · fundraising $622
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,107 · management and general $1,107
-
23 · Insurance
total $0
-
24a · Other expenses: SUMMIT EXPENSES
total $85,242 · program services $85,242
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $458,885 · end of year $684,332
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $35,685 · end of year $32,211
-
4 · Accounts receivable
beginning of year $30,535 · end of year $6,065
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $9,338 · end of year $3,999
-
10a · Land, buildings and equipment: cost or other basis
$9,965
-
10b · Land, buildings and equipment: accumulated depreciation
$1,107
-
10c · Land, buildings and equipment, net
end of year $8,858
-
11 · Investments: publicly traded securities
beginning of year $301,669 · end of year $650,822
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $13,425 · end of year $19,764
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $15,007 · end of year $95,060
-
19 · Deferred revenue
end of year $50,774
-
25 · Other liabilities
beginning of year $200,101 · end of year $134,092
-
27 · Net assets without donor restrictions
beginning of year $634,429 · end of year $707,745
-
28 · Net assets with donor restrictions
end of year $418,380
Mission and programs · 2023
Mission
The Alliances mission is to create a vibrant and resilient economy through the recruitment, retainment, and growth of business to preserve our quality of life. This mission is achieved by workforce development, enabling business capacity, supporting affordable housing for the community workforce that is essential for long-term economic sustainability, and fostering public and private partnerships.
-
FOSTERED LA PLATA COUNTY ECONOMIC DEVELOPMENT ENGAGING BUSINESS OWNERS WITH AN ACTIVE WORKFORCE AND NEW RESIDENTS LOOKING TO OWN THEIR OWN HOME OR RELOCATE THEIR BUSINESSES IN LA PLATA COUNTY BY PROVIDING ECONOMIC DATA, RELEVANT INFORMATION, AND RESOURCES AT THE LOCAL, STATE AND NATIONAL LEVELS.FACILITATED PUBLIC ENTITIES AND PRIVATE DEVELOPERS WORKING TOGETHER TO EXPAND PUBLIC INFRASTRUCTURE AND REDUCE DEVELOPMENT COSTS TO BRING MORE AFFORDABLE WORKFORCE HOUSING TO THE COMMUNITY.PUBLISHED A COUNTY-WIDE STUDY ON WORKFORCE HOUSING NEEDS AND SOLUTIONS.MANAGED AN INTERNSHIP PROGRAM IN PARTNERSHIP WITH LA PLATA COUNTY, FORT LEWIS COLLEGE, AND PUEBLO COMMUNITY COLLEGE TO ASSIST WORKFORCE DEVELOPMENT AND BUSINESS GROWTH.FACILITATED EXTENDED LEARNING OPPORTUNITIES TO THE AREA WORKFORCE AND LEADERSHIP THROUGH PROGRAMS, MEETINGS, AND AN ANNUAL SUMMIT EVENT.
Expenses $625,752 · Revenue $203,629
As filed on the 2023 return.
Listed in Part VII
-
Michael FrenchMICHAEL FRENCH
Executive Dir.
- Total calculated
- $121,977
- From this org
- $121,977
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Edward Box IIIEDWARD BOX III
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ashleigh TarkingtonASHLEIGH TARKINGTON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steve EliasSTEVE ELIAS
Chair-Beg 8/22
- Total calculated
- $0
- Hours/week
- 2
-
Joe TheineJOE THEINE
Chair-End 8/22
- Total calculated
- $0
- Hours/week
- 2
-
Matt SalkaMATT SALKA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kim BaxterKIM BAXTER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mitch DyeMITCH DYE
Vice Chair/Secr
- Total calculated
- $0
- Hours/week
- 1
-
Jason PortzJASON PORTZ
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Kent CurtisKENT CURTIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessika BuellJESSIKA BUELL
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
- 30 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413119349303556
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