Chaffee County Economic Development Corporation

Not tax-deductible

Salida, CO501(c)(6)Community DevelopmentEIN 27-1843812Revenue $271K in FY2025

On file with the IRSchaffeecountyedc.comPo Box 1011, 81201-1011 · Salida, COTax-exempt since Nov 2010

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The Corporation's mission is to enhance the local economy through guidance and assistance to businesses operating within chaffee county as well as businesses wishing to operate or relocate within chaffee county.

76¢ of each $1 spent went to programs.
Run by 50 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 5
filings with a surplus
Average deficit $14K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
438% of total assets
Concern: liabilities are 438% of assets; over 80%.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$271K
+9% vs prior year
Spent
$321K
To programs
76%
Net assets
−$13K
By yearFY2020–FY2025
Revenue
$271K
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$146K
FY2021$232K
FY2022$338K
FY2023$499K
FY2024$249K
FY2025$271K
Expenses
$321K
FY2025-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$171K
FY2022$327K
FY2023$517K
FY2024$322K
FY2025$321K
Net assets
−$13K
FY2025▼ -133%
Tap a bar for its year
Net assets by fiscal year
FY2020$58K
FY2021$119K
FY2022$129K
FY2023$111K
FY2024$38K
FY2025−$13K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2010.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $243K Management & general 24% · $78K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A

Jacob Rishavy’s $110K as Executive Director is at the 78th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2022FY2021FY2020
Jacob Rishavy$109,500$48,500—
Wendell Pryor—$57,092$64,873

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.

See Chaffee County Economic Development Corporation executive salaries →

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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

Helps businesses start, grow, and relocate in Chaffee County to boost the local economy.

Questions for Chaffee County Economic Development Corporation

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Provided by the organization

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1 program · $243K · in their own filed words · FY2025
01

The CCEDC continues to be a vital community leader of cross-sector collaboration in support of our shared economic development priorities. As we have continued to mature in our fourth year under current leadership, we are pleased to share that the primary elements of our Strategic Plan continue to be relevant and…

$243Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $135K · 2023–2023
Individual RecipientFY2023$42,000
Little Red Hen BakeryFY2023$30,000
Hey Sweetie LLCFY2023$22,500
Buena Goods LtdFY2023$18,000
Oso Adventures INCFY2023$12,500
Individual RecipientFY2023$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$271K
Ln 12
Gifts and grantsLn 1h$312K
Investment incomeLn 3$1
Money outPt IX
$321K
Ln 25
Programscol B$243K
Managementcol C$78K
Owns and owesPt X
−$13K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$4K
LiabilitiesLn 26$16K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Government grantsLn 1e$101K
Fundraising eventsLn 1c$16K
Investment incomeLn 3$1
Gains on assetsLn 7$0
Total revenueLn 12$271K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$0
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1
Total assetsLn 16$4K
LiabilitiesLn 26$16K
Net assetsLn 32−$13K
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$44K$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$44K$4K
LiabilitiesLn 26$6K$16K
Net assetsLn 32$38K−$13K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$130K$91K$39K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$10K$7K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$22K$22K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$8K$8K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$121$121
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$134K$132K$2K
All other expensesLn 24e$7K$2K$4K
Total functional expensesLn 25$321K$243K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $271K$321K−$50K−$13K 990 PDF
FY2024 $249K$322K−$73K$38K 990 PDF
FY2023 $499K$517K−$18K$111K 990 PDF
FY2022 $338K$327K$10K$129K 990 PDF
FY2021 $232K$171K$61K$119K 990 PDF
FY2020 $146K$58K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $270,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $281,000$311,599
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$1
I-11 Other revenuePrior year −$32,426−$41,075
I-12 Total revenuePrior year $248,580$270,525
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $188,007$140,109
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $133,932$180,731
I-18 Total expensesPrior year $321,939$320,840
I-19 Revenue less expensesPrior year −$73,359−$50,315
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $270,525 across 11 lines filed
VIII-1b Membership dues$194,700
VIII-1c Fundraising events$16,390
VIII-1e Government grants$100,509
VIII-1h Total contributions, gifts and grants$311,599
VIII-3 Investment incomeRelated to mission $1$1
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$41,756
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $681$681
VIII-12 Total revenueRelated to mission $682$270,525
Part IX · Statement of functional expenses $320,840 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $90,854 · Management $38,937$129,791
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $7,223 · Management $3,095$10,318
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $21,863$21,863
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,214$1,214
IX-13 Office expensesManagement $6,082$6,082
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $7,500$7,500
IX-17 TravelPrograms $1,839$1,839
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $121$121
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,792$1,792
IX-24 Other expenses (24a–d)Programs $131,770 · Management $1,877$133,647
IX-24e All other expensesPrograms $2,183 · Management $4,490$6,673
IX-25 Total functional expensesPrograms $242,583 · Management $78,257 · Fundraising $0$320,840
Part X · Balance sheet $3,701 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $44,024$3,700
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$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$1
X-16 Total assetsStart of year $44,024$3,701
X-25 Other liabilitiesStart of year $6,220$16,211
X-26 Total liabilitiesStart of year $6,220$16,211
X-27 Net assets without donor restrictionsStart of year $37,804−$12,510
X-32 Total net assets or fund balancesStart of year $37,804−$12,510
X-33 Total liabilities and net assetsStart of year $44,024$3,701
Part XI · Reconciliation of net assets −$12,510 net assets at year end
XI-1 Total revenue$270,525
XI-2 Total expenses$320,840
XI-3 Revenue less expenses−$50,315
XI-4 Net assets at start of year$37,804
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year−$12,510

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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