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Nonprofiteer
← TRI-CITY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by TRI-CITY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$17,082,804
Total expenses
$15,199,072
Contributions and grants received
$0
Grants paid
$7,570
Program service revenue
$14,261,583
Investment income
$15,171
Other revenue
$2,806,050
Total assets, end of year
$14,389,151
Total liabilities, end of year
$9,423,975
Net assets or fund balances, end of year
$4,965,176
Program services expenses (Part IX)
$14,751,557
Management and general expenses
$447,515
Fundraising expenses
$0
Program service expenses (Part III)
$14,751,557

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRANK ROESCH

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JULIE ZHU

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • OBRAY VAN BUREN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LORRENE RITCHIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MANGEE AUSTRIA

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $150,071
    From this org
    $120,712
    From related orgs
    $0
    Other
    $29,359
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $120,712
    Bonus
    $0
    Other
    $0
    Deferred
    $12,702
    Nontaxable benefits
    $16,657
    Filer's total
    $150,071

  • JASON TORO

    CEO (STARTED 06/23)

    Total calculated
    $110,940
    From this org
    $98,692
    From related orgs
    $0
    Other
    $12,248
    Hours/week
    40

  • RICHARD VALLE

    PRESIDENT/CEO (UNTIL 02/23)

    Total calculated
    $67,131
    From this org
    $57,573
    From related orgs
    $0
    Other
    $9,558
    Hours/week
    45

  • KAMARLO SPOONER

    DRIVER

    Total calculated
    $218,267
    From this org
    $165,431
    From related orgs
    $0
    Other
    $52,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,431
    Bonus
    $0
    Other
    $0
    Deferred
    $27,360
    Nontaxable benefits
    $25,476
    Filer's total
    $218,267

  • OCTAVIO BENNETT

    DRIVER

    Total calculated
    $215,493
    From this org
    $162,657
    From related orgs
    $0
    Other
    $52,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,657
    Bonus
    $0
    Other
    $0
    Deferred
    $27,360
    Nontaxable benefits
    $25,476
    Filer's total
    $215,493

  • HUGO GONZALEZ

    DRIVER

    Total calculated
    $212,856
    From this org
    $160,020
    From related orgs
    $0
    Other
    $52,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,020
    Bonus
    $0
    Other
    $0
    Deferred
    $27,360
    Nontaxable benefits
    $25,476
    Filer's total
    $212,856

  • JOSE JOAQUIN ABARCA

    DRIVER

    Total calculated
    $211,224
    From this org
    $158,388
    From related orgs
    $0
    Other
    $52,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,388
    Bonus
    $0
    Other
    $0
    Deferred
    $27,360
    Nontaxable benefits
    $25,476
    Filer's total
    $211,224

  • GILBERTO SAUCEDO

    DRIVER

    Total calculated
    $211,188
    From this org
    $158,352
    From related orgs
    $0
    Other
    $52,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,352
    Bonus
    $0
    Other
    $0
    Deferred
    $27,360
    Nontaxable benefits
    $25,476
    Filer's total
    $211,188

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202412199349300136

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