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Clovis Industrial Development Corp FY2021 filing

Not tax-deductible

Clovis, NM501(c)(6)Mutual / membership EIN 23-7262253Revenue $382K in FY2021

On file with the IRSdevelopclovis.comPo Box 930, 88102-0930 · Clovis, NMTax-exempt since Apr 1973

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Economic Development of Clovis and surrounding area.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
96¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $140K a year · 27% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$653K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$382K
Spent
$351K
To programs
96%
Net assets
$1.7M
By yearFY2021–FY2025
Revenue
$382K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$382K
FY2022$631K
FY2023$525K
FY2024$522K
FY2025$573K
Expenses
$351K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$351K
FY2022$350K
FY2023$408K
FY2024$368K
FY2025$454K
Net assets
$1.7M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2022$2.0M
FY2023$2.1M
FY2024$2.3M
FY2025$2.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $336K Management & general 4% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chase Gentry
Executive Director
$74,604Pt VII · Sec A
Lee Malloy
President
$0Pt VII · Sec A
Gary Wiley
Vice President
$0Pt VII · Sec A
Kent Carruthers
Sec/Treasurer
$0Pt VII · Sec A
Paul Ellis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Essex
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Tina Dziuk$89,395$88,000$45,167—
Chase Gentry———$74,604

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Boosts economic growth in Clovis and nearby communities.

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Provided by the organization

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1 program · $336K · in their own filed words · FY2020
01

To promote the economic development of clovis.

$336Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $59K · 2022–2022
Clovis Economic Development CorporationNM · FY2022$58,544

By the numbers

The FY2021 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$382K
Ln 12
Fees for servicesLn 2g$340K
Gifts and grantsLn 1h$40K
Investment incomeLn 3$3K
Money outPt IX
$351K
Ln 25
Programscol B$336K
Managementcol C$15K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$634K
Total assetsLn 16$2.4M
LiabilitiesLn 26$653K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Government grantsLn 1e$40K
Fees for servicesLn 2g$340K
Investment incomeLn 3$3K
Total revenueLn 12$382K
Assets in detailPt X, end of year
CashLn 1$93K
SavingsLn 2$542K
Cash and savings togetherLn 1–2$634K
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$2.4M
LiabilitiesLn 26$653K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$525K$634K
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$2.4M$2.4M
LiabilitiesLn 26$660K$653K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$67K$7K
Other salaries and wagesLn 7$8K$7K$833
Other employee benefitsLn 9$34K$30K$3K
Payroll taxesLn 10$12K$11K$1K
Accounting feesLn 11c$4K$2K$2K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$17K$17K
TravelLn 17$14K$14K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$78K$78K
Total functional expensesLn 25$351K$336K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $573K$454K$119K$2.4M 990 PDF
FY2024 $522K$368K$154K$2.3M 990 PDF
FY2023 $525K$408K$116K$2.1M 990 PDF
FY2022 $631K$350K$282K$2.0M 990 PDF
FY2021 Viewing $382K$351K$31K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $382,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,000$40,000
I-9 Program service revenuePrior year $366,113$339,628
I-10 Investment incomePrior year $3,197$2,666
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $404,310$382,294
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $133,718$129,017
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $220,244$222,416
I-18 Total expensesPrior year $353,962$351,433
I-19 Revenue less expensesPrior year $50,348$30,861
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $382,294 across 5 lines filed
VIII-1e Government grants$40,000
VIII-1h Total contributions, gifts and grants$40,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $339,628$339,628
VIII-3 Investment incomeExcluded from tax $2,666$2,666
VIII-12 Total revenueRelated to mission $339,628 · Unrelated business $0 · Excluded from tax $2,666$382,294
Part IX · Statement of functional expenses $351,433 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,144 · Management $7,460$74,604
IX-7 Other salaries and wagesPrograms $7,497 · Management $833$8,330
IX-9 Other employee benefitsPrograms $30,322 · Management $3,369$33,691
IX-10 Payroll taxesPrograms $11,153 · Management $1,239$12,392
IX-11c Accounting feesPrograms $2,089 · Management $2,089$4,178
IX-12 Advertising and promotionPrograms $12,610$12,610
IX-13 Office expensesPrograms $16,574$16,574
IX-17 TravelPrograms $13,828$13,828
IX-22 Depreciation, depletion and amortizationPrograms $94,376$94,376
IX-23 InsurancePrograms $3,317$3,317
IX-24 Other expenses (24a–d)Programs $77,533$77,533
IX-25 Total functional expensesPrograms $336,443 · Management $14,990 · Fundraising $0$351,433
Part X · Balance sheet $2,376,126 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $36,279$92,621
X-2 Savings and temporary cash investmentsStart of year $489,212$541,866
X-4 Accounts receivable$1,024
X-10c Land, buildings and equipment, netStart of year $1,826,359$1,740,615
X-16 Total assetsStart of year $2,351,850$2,376,126
X-25 Other liabilitiesStart of year $0$251
X-26 Total liabilitiesStart of year $660,000$653,415
X-27 Net assets without donor restrictionsStart of year $1,691,850$1,722,711
X-32 Total net assets or fund balancesStart of year $1,691,850$1,722,711
X-33 Total liabilities and net assetsStart of year $2,351,850$2,376,126
Part XI · Reconciliation of net assets $1,722,711 net assets at year end
XI-1 Total revenue$382,294
XI-2 Total expenses$351,433
XI-3 Revenue less expenses$30,861
XI-4 Net assets at start of year$1,691,850
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,722,711

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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