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← LA PLATA ECONOMIC DEVELOPMENT ALLIANCE

Form 990 for tax year 2025

Filed by LA PLATA ECONOMIC DEVELOPMENT ALLIANCE.

Totals

Total revenue
$1,343,716
Total expenses
$1,122,793
Contributions and grants received
$928,328
Grants paid
$216,725
Program service revenue
$379,329
Investment income
$33,153
Other revenue
$2,906
Total assets, end of year
$1,740,622
Total liabilities, end of year
$334,640
Net assets or fund balances, end of year
$1,405,982
Program services expenses (Part IX)
$999,598
Management and general expenses
$104,433
Fundraising expenses
$18,762
Program service expenses (Part III)
$999,598

Program services were 89.0% 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.

  • 1e · Government grants (contributions)

    $928,328

  • 2a · Program service revenue: HOUSING STRATEGY SERVICES

    total $179,071 · related or exempt $179,071

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $134,104 · related or exempt $134,104

  • 2c · Program service revenue: SUMMIT EVENT

    total $66,154 · related or exempt $66,154

  • 3 · Investment income

    total $26,698 · excluded $26,698

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $162,420

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

    securities $155,965

  • 7c · Gain or loss

    securities $6,455

  • 7d · Net gain or loss

    total $6,455 · excluded $6,455

  • 8c · Net income from fundraising events

    total $0 · excluded -$71,164

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: AGILE K-1 ACTIVITY

    total $1,629 · excluded $1,629

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $1,677 · excluded $1,677

  • 11c · Other revenue: SCAPE K1 ACTIVITY

    total -$400 · excluded -$400

  • 11e · Other revenue, total

    $2,906

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $216,725 · program services $216,725

  • 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 $137,606 · program services $115,652 · management and general $16,397 · fundraising $5,557

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $138,950 · program services $116,782 · management and general $16,556 · fundraising $5,612

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $23,751 · program services $19,962 · management and general $2,830 · fundraising $959

  • 10 · Payroll taxes

    total $24,533 · program services $20,619 · management and general $2,923 · fundraising $991

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $3,600 · program services $2,508 · management and general $1,092

  • 11c · Fees: accounting

    total $53,320 · management and general $53,320

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $204,707 · program services $204,337 · fundraising $370

  • 12 · Advertising and promotion

    total $10,252 · program services $7,689 · fundraising $2,563

  • 13 · Office expenses

    total $32,158 · program services $27,027 · management and general $3,832 · fundraising $1,299

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $22,299 · program services $18,741 · management and general $2,657 · fundraising $901

  • 17 · Travel

    total $12,620 · program services $10,606 · management and general $1,504 · fundraising $510

  • 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 $3,322 · management and general $3,322

  • 23 · Insurance

    total $0

  • 24a · Other expenses: EDUCATION PARTNERSHIPS

    total $88,335 · program services $88,335

  • 24b · Other expenses: SUMMIT EXPENSES

    total $85,943 · program services $85,943

  • 24c · Other expenses: PROGRAM TRAINING

    total $42,955 · program services $42,955

  • 24d · Other expenses: SUPPLIES/MEETING/RECEPTION

    total $20,717 · program services $20,717

  • 24e · All other expenses

    total $1,000 · program services $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $280,937 · end of year $387,553

  • 2 · Savings and temporary cash investments

    beginning of year $416,961 · end of year $695,260

  • 3 · Pledges and grants receivable

    beginning of year $169,464 · end of year $298,489

  • 4 · Accounts receivable

    beginning of year $22,240 · end of year $14,250

  • 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 $6,296 · end of year $4,120

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

    $9,965

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

    $7,750

  • 10c · Land, buildings and equipment, net

    beginning of year $5,537 · end of year $2,215

  • 11 · Investments: publicly traded securities

    beginning of year $372,822 · end of year $251,903

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $65,432 · end of year $66,661

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $12,551 · end of year $20,171

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,426 · end of year $76,763

  • 19 · Deferred revenue

    beginning of year $32,240 · end of year $237,397

  • 25 · Other liabilities

    beginning of year $52,972 · end of year $20,480

  • 27 · Net assets without donor restrictions

    beginning of year $769,407 · end of year $1,062,995

  • 28 · Net assets with donor restrictions

    beginning of year $385,195 · end of year $342,987

Mission and programs · 2025

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.

  • Workforce Development Healthcare Workforce Pipeline:Designed to strengthen the healthcare talent pipeline across the five-county Region 9 area, HWP focuses on reducing barriers to entry and supporting individuals asthey pursue healthcare careers. To support this work, the Alliance hired a dedicated HWP Program Navigator. In coordination with Axis Health Systems, Fort Lewis College, and the Alliance, the Program Navigator led outreach and one-on-one navigation forindividuals exploring healthcare careers while also convening regional healthcare employers and education partners to identify workforce gaps and align talentpipeline strategies with real-time industry needs. Throughout the year, HWP supported 49 community members across the Region 9 and Northern New Mexico area. As a result of this individualized navigation and coordinated employer engagement, 27 participants were accepted into certification, graduate, or licensing programs. These outcomes reflect measurable progress toward building a stronger regional healthcare workforce while expanding healthcare access and supporting economic mobility for local residents.Project Run Leadership Training:The Southern Ute Tribe, headquartered in Ignacio, is the largest employer in La Plata County. Through their Permanent Fund and their Growth Fund, the Southern Ute Indian Tribe supports essential services, cultural institutions, and long-term economic opportunity across our region. In 2025, the Alliance partnered with the Tribe through Project RUN to invest directly in leadership development for tribal employees. Working with the Tribes Permanent Fund, Project RUN delivered Fundamentals of Leadership & Management I: People, a six-week training focused on communication, accountability, and effective team leadership. Seventeen employees from departments including Health, Education, Finance, Human Resources, Culture, and Natural Resources completed the course. This work strengthened leadership from within the organization. Participants developed new skills while continuing to serve their departments and community. For employees stepping into expanded roles, the training supported real-time leadership transitions and long-term career growth within the Tribe. By partnering with the countys largest employer, the Alliance helped reinforce workforce stability where it has the greatest impact. This collaboration reflects a shared commitment to growing talent locally and strengthening Ignacios role in the regions economic future.

    Expenses $608,114 · Grants $216,725

  • Housing InitiativesPine River Commons:Breaking ground in 2023, Pine River Commons is a workforce housing development delivering much-needed below-market homes in Bayfield. In 2025, Bayfield home prices averaged $501,728, putting homeownership further out of reach for many local residents. In 2025, as the first phase of 11 homes neared completion, Pine River Commons sought additional support through the Catalyst Revolving Loan Fund to ensure home prices remained attainable amid continued market pressures. The Catalyst Advisory Committee approved an additional $100,000 investment to support the project. The Alliance also partnered with Bayfield Haga, the developers of Pine River Commons, to pursue an integrated housing and childcare solution.Working in collaboration with U.S. Senators John Hickenlooper and Michael Bennet, the Alliance submitted a $2.7 million Congressional District Spending (CDS) request to support the development of a dedicated childcare facility as part of Pine RiverCommons Phase II.Durango:With the average home price of $1,010,235 in Durango city limits, developing attainable units for our regions workforce continues to be a top priority. In 2025, the Alliance supported workforce housing development in Durango through the Housing Catalyst Fund. The Housing Catalyst Fund is a unique funding source that targets the predevelopment costs that are critical to project feasibility but are often underfunded. During the year, the Alliance conducted two rounds of Housing Catalyst Fund grant awards in Durango, investing $175,000 to support projects already positioned to move forward. These targeted investments helped reduce early financial barriers and advance housing developments that prioritize long-term affordability for local workers. Together, these projects represent 79 total housing units, allbelow-market, underscoring the Housing Catalyst Funds role in strengthening Durangos workforce housing pipeline and supporting sustainable community growth. To date, the Housing Catalyst Fund has deployed $701,798 to support the development and preservation of 564 belowmarket units across La Plata County.Town of Ignacio:The Town of Ignacio faces unique housing challenges shaped by an aging housing stock and limited availability of newer, attainable homes. Expanding affordable housing options is essential to supporting residents, strengthening the local workforce, andsustaining Ignacios long-term economic health. Since 2023, the Alliance has supported the Towns Rock Creek Housing Project through a combination of capacity-building and direct investment. In 2025, the Alliance supported the Town ofIgnacio through completion of its Colorado Department of Local Affairs (DOLA) Capacity Grant, resulting in an additional $50,000 to advance local affordable housing development. Additionally, with local financing tools, the Alliance provided project-level support with $50,000 in Housing Catalyst Fund grants and $235,000 in Catalyst Revolving Loan Fund financing. These investments helped reduce early-stage barriers and supported the development of attainable homes for the community.Phase I of the Rock Creek Housing Project was completed in 2025 and marked with aribbon cutting. All 11 homes in the first phase have been sold, accounting for the total Ignacio in town home sales in 2025. This is a 5% increase in home sales compared to 2024, demonstrating a strong demand and the importance of continued housing investment in Ignacio.

    Expenses $323,362 · Revenue $179,071

  • Summit and Member Programs The Alliance supported its 100 investor members with economic data tracking, monthly investor member meetings, and its 18th Annual Summit. The 2025 Alliance Summit brought together 350 attendees for a day focused on connection and shared learning about La Plata Countys economic opportunities. Centering on the theme Rooted in Community, each session emphasized the strength of our region and the importance of investing in the people, land, and culture of our communities. 86.5% of attendees shared that they learned something new, reinforcing the importance of this annual gathering. The Summit continues to strenghten cross-sector partnerships, bringing together business owners, nonprofit leaders, educators,tribal representatives, and policymakers. Elected officials from our countys four municipalities, leadership from the Southern Ute Indian Tribe, and major regional employers were present for the day. This convening of leadership is valuable to our region, with 83% of attendees reporting that they made a new, valuable connection.

    Expenses $68,122 · Revenue $200,258

As filed on the 2025 return.

Listed in Part VII

  • Sarah Tober

    Executive Dir.

    Total calculated
    $137,606
    From this org
    $132,115
    From related orgs
    $0
    Other
    $5,491
    Hours/week
    40

  • Sam Krier

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Philbrick

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brenna Morlan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Heather Shotten

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shirley Gonzalez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jason Portz

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Kent Curtis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jessika Buell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Howe

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Clark Craig

    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

Provenance

Return type
form_990
Tax year
2025
Filed
24 August 2026
IRS schema version
2025v4.1
Source object
202632539349300438

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