Form 990-EZ for tax year 2023

Totals

Total revenue

$52,411

Total expenses

$101,036

Contributions and grants received

$52,411

Grants paid

— not reported

Program service revenue

— not reported

Membership dues (line 3)

— not reported

Investment income (line 4)

— not reported

Gain or loss on sale of assets (line 5c)

— not reported

Gaming and fundraising events, net (line 6d)

— not reported

Gross profit on inventory sales (line 7c)

— not reported

Other revenue (line 8)

— not reported

Total assets, end of year

$56,136

Total liabilities, end of year

$1,845

Net assets or fund balances, end of year

$54,291

Program service expenses (Part III)

$101,036

Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• INFRASTRUCTURE DEVELOPMENT AND ECONOMIC GROWTH THE ORGANIZATION WROTE AND SOLICITED SUPPORT LETTERS AND GAVE TESTIMONY FOR SUCCESSFUL INITIATIVES TO IMPROVE LAKE AND TRAIL ACCESS IN PONDERAY, EXPAND PRESCHOOLS IN SANDPOINT, AND THE EXPANSION OF FIBER OPTIC BROADBAND INTERNET INFRASTRUCTURE WORKING WITH INTERMAX NETWORKS AND KANIKSU INTERNET. THE NONPROFIT ALSO INITIATED A GRANT FROM USCOC FOR TALENT PIPELINE MANAGEMENT IN CONJUNCTION WITH CDA EDC, AND WORKED CONFIDENTIALLY WITH MULTIPLE COMPANIES RE: BUSINESS IMPROVEMENT OR RELOCATION TO THE COUNTY.

  Expenses $86,837

• ECONOMIC SUMMIT AND COMMUNITY DEVELOPMENT IN MAY, THE ORGANIZATION HOSTED THE ECONOMIC SUMMIT, "WHAT'S HAPPENING UP NORTH," AT THE UNIVERSITY OF IDAHO SANDPOINT ORGANIC AGRICULTURE CENTER. THIS MARKED THE FIRST SUMMIT SINCE A 3.5-YEAR BREAK DUE TO THE PANDEMIC. THE EVENT GATHERED LEADERS FROM 25 LOCAL AND REGIONAL COMPANIES, CIVIC AUTHORITIES, NONPROFITS, AND EDUCATIONAL INSTITUTIONS. IT FEATURED KEYNOTE SPEAKERS, Q&A SESSIONS, AND BREAKOUT SESSIONS FOCUSED ON AFFORDABLE WORKFORCE HOUSING, K-12 PUBLIC EDUCATION, WORKFORCE TRAINING, AND OVERCOMING POLARIZATION AND VILIFICATION IN PUBLIC DISCOURSE.

  Expenses $14,199

• COMMERCIAL KITCHEN BUSINESS INCUBATOR REVITALIZATION IN EARLY 2023, THE NONPROFIT ESTABLISHED THE PEND OREILLE SPECIALTY FOODS INCUBATOR INC. TO TAKE OVER THE MANAGEMENT OF KITCHEN PONDERAY, A COMMERCIAL KITCHEN BUSINESS INCUBATOR. THIS CAME AFTER THE PREVIOUS MANAGEMENT DEFAULTED, ENDANGERING THE FUTURE OF THE INCUBATOR. THE NEW NONPROFIT SECURED A 30-MONTH LEASE WITH NO DEBTS, REINSTATING LOCAL CONTROL AND MANAGEMENT, AND IMPLEMENTED THE ORIGINAL INTENDED BUSINESS INCUBATOR COMPONENT.

• STRATEGIC AND COLLABORATIVE INITIATIVES THROUGHOUT THE YEAR, THE ORGANIZATION ENGAGED IN SEVERAL STRATEGIC INITIATIVES, INCLUDING WORKING WITH BONNER COUNTY COMMISSIONERS AND THE CITY OF SANDPOINT TO EXPLORE CURRENT AND FUTURE SUPPORT MECHANISMS. ADDITIONALLY, THEY FORMED RELATIONSHIPS WITH ORGANIZATIONS LIKE FARE IDAHO AND THE IDAHO VETERANS CHAMBER OF COMMERCE, AIMING TO INTEGRATE TRADITIONALLY SEPARATE INDUSTRIES INTO LOCAL ECONOMIC DEVELOPMENT EFFORTS AND TO BETTER SERVE OUR MILITARY VETERAN STAKEHOLDERS.

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

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

15 September 2024

IRS schema version

2023v5.0

Source object

202413199349204236

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