Brentwood Economic Development Corp: Nonprofit Profile, Financials & Form 990 (EIN 25-1780107)

Revenue by fiscal year
FY2020	$1.2M
FY2021	$36K

Expenses by fiscal year
FY2020	$907K
FY2021	$143K

Net assets by fiscal year
FY2020	$81K
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $143K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation

John Slater

Chairman

$0Pt VII · Sec A

Glenn Nagy

Vice Chairman

$0Pt VII · Sec A

Marty Machi

Treasurer

$0Pt VII · Sec A

Ruthann Omer

Secretary

$0Pt VII · Sec A

R Tony Kurta

Direcrtor

$0Pt VII · Sec A

Jeff Golvash

Direcrtor

$0Pt VII · Sec A

Rick Hopkinson

Direcrtor

$0Pt VII · Sec A

Joey-Linn Ulrich

Executive Director

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Builds innovative partnerships to strengthen business and residential communities.

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2 programs · $143K · in their own filed words · FY2021

01

Neighborhood partnership program (NPP)

$143Kprogram expense

02

Other Projects

Accbo, forbes fund, branding, dairy district, saw mill run

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2020

Charities Aid Foundation AmericaFY2020$50K

Total grants receivedfrom 1 funder$50K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$36K

Ln 12

Gifts and grantsLn 1h$181K

Fees for servicesLn 2g$7K

Investment incomeLn 3$73

Money outPt IX

$143K

Ln 25

Programscol B$143K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$181K

Government grantsLn 1e$181K

Fees for servicesLn 2g$7K

Investment incomeLn 3$73

Gains on assetsLn 7−$152K

Total revenueLn 12$36K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$72K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$173K	$0
LiabilitiesLn 26	$93K	$0
Net assetsLn 32	$81K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$12K	$12K
Payroll taxesLn 10	$2K	$2K
Legal feesLn 11b	$32K	$32K
Other fees for servicesLn 11g	$796	$796
Advertising and promotionLn 12	$2K	$2K
OccupancyLn 16	$5K	$5K
InterestLn 20	$76	$76
Other expenses (24a–d)Ln 24	$85K	$85K
All other expensesLn 24e	$5K	$5K
Total functional expensesLn 25	$143K	$143K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	$36K	$143K	−$107K	$0	990 PDF
FY2020	$1.2M	$907K	$328K	$81K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $35,917 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,191,139$180,589

I-9 Program service revenuePrior year $0$6,784

I-10 Investment incomePrior year −$432−$151,456

I-11 Other revenuePrior year $44,194$0

I-12 Total revenuePrior year $1,234,901$35,917

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $125,152$0

I-15 Salaries and benefitsPrior year $201,989$14,330

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $579,697$128,966

I-18 Total expensesPrior year $906,838$143,296

I-19 Revenue less expensesPrior year $328,063−$107,379

Part VI · Governance 4 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $35,917 across 6 lines filed

VIII-1e Government grants$180,589

VIII-1h Total contributions, gifts and grants$180,589

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,784$6,784

VIII-3 Investment incomeRelated to mission $73$73

VIII-7 Net gain or loss on sales of assetsRelated to mission −$151,529−$151,529

VIII-12 Total revenueRelated to mission −$144,672 · Unrelated business $0 · Excluded from tax $0$35,917

Part IX · Statement of functional expenses $143,296 across 9 lines filed

IX-7 Other salaries and wagesPrograms $12,436$12,436

IX-10 Payroll taxesPrograms $1,894$1,894

IX-11b Legal feesPrograms $31,544$31,544

IX-11g Other fees for servicesPrograms $796$796

IX-12 Advertising and promotionPrograms $1,667$1,667

IX-16 OccupancyPrograms $5,182$5,182

IX-20 InterestPrograms $76$76

IX-24 Other expenses (24a–d)Programs $84,829$84,829

IX-24e All other expensesPrograms $4,872$4,872

IX-25 Total functional expensesPrograms $143,296 · Management $0 · Fundraising $0$143,296

Part X · Balance sheet $0 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $71,931$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $79,081$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $173,411$0

X-26 Total liabilitiesStart of year $92,845$0

X-27 Net assets without donor restrictionsStart of year $80,566$0

X-32 Total net assets or fund balancesStart of year $80,566$0

X-33 Total liabilities and net assetsStart of year $173,411$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$35,917

XI-2 Total expenses$143,296

XI-3 Revenue less expenses−$107,379

XI-4 Net assets at start of year$80,566

XI-9 Other changes in net assets$26,813

XI-10 Net assets at end of year$0

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

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Brentwood Economic Development Corp

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Brentwood Economic Development Corp

Other Projects

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV