Economic Development of Elmore County

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$142K 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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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
4 of 5
filings with a surplus
Average surplus $74K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
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
$10K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$728K
+61% vs prior year
Spent
$510K
To programs
83%
Net assets
$167K
By yearFY2021–FY2025
Revenue
$728K
FY2023▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2021$598K
FY2022$453K
FY2023$728K
FY2024$628K
FY2025$587K
Expenses
$510K
FY2023+0.3%
Tap a bar for its year
Expenses by fiscal year
FY2021$587K
FY2022$509K
FY2023$510K
FY2024$436K
FY2025$580K
Net assets
$167K
FY2023▲ +423%
Tap a bar for its year
Net assets by fiscal year
FY2021$4K
FY2022−$52K
FY2023$167K
FY2024$358K
FY2025$365K

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 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 Mar 2003.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $423K Management & general 17% · $87K

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

19 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$83,283Pt VII · Sec A
Former Executive Director
$59,076Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lisa Van Wagner’s $109K as Executive Director is at the 77th percentile of top reported officer pay among 1708 $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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Lisa Van Wagner$108,681$95,600$83,283$55,146—
Cary Cox——$59,076$95,104$99,337
Ansley Emfinger————$40,902
Richie Beyer$15,923————

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 Elmore County Economic Development Authority 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

Empowers Elmore County's economic growth through targeted development initiatives.

Questions for Elmore County Economic Development Authority

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Provided by the organization

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1 program · $423K · in their own filed words · FY2022
01

Economic development of elmore county

$423Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$728K
Ln 12
Gifts and grantsLn 1h$567K
Other incomeLn 4–11$162K
Investment incomeLn 3$219
Money outPt IX
$510K
Ln 25
Programscol B$423K
Managementcol C$87K
Owns and owesPt X
$167K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$176K
LiabilitiesLn 26$10K
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$567K
Investment incomeLn 3$219
Other incomeLn 4–11$162K
Gains on assetsLn 7−$364K
Total revenueLn 12$728K
Assets in detailPt X, end of year
CashLn 1$148K
SavingsLn 2$0
Cash and savings togetherLn 1–2$148K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$176K
LiabilitiesLn 26$10K
Net assetsLn 32$167K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$165K$148K
Land, buildings, equipmentLn 10c$823K$0
Total assetsLn 16$1.0M$176K
LiabilitiesLn 26$1.1M$10K
Net assetsLn 32−$52K$167K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$107K$36K
Other employee benefitsLn 9$672$504$168
Payroll taxesLn 10$11K$8K$3K
Legal feesLn 11b$7K$3K$3K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$247K$247K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$6K$3K$3K
OccupancyLn 16$20K$20K
TravelLn 17$3K$3K$866
Conferences, conventions and meetingsLn 19$23K$23K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$3K$1K$1K
All other expensesLn 24e$25$25
Total functional expensesLn 25$510K$423K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $587K$580K$6K$365K 990 PDF
FY2024 $628K$436K$192K$358K 990 PDF
FY2023 Viewing $728K$510K$218K$167K 990 PDF
FY2022 $453K$509K−$55K−$52K 990 PDF
FY2021 $598K$587K$11K$4K 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 FY2023 990 (6 parts)
Part I · Summary $728,154 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $429,335$566,526
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $96−$364,268
I-11 Other revenuePrior year $24,000$525,896
I-12 Total revenuePrior year $453,431$728,154
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 $164,873$153,938
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $343,678$356,099
I-18 Total expensesPrior year $508,551$510,037
I-19 Revenue less expensesPrior year −$55,120$218,117
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $728,154 across 6 lines filed
VIII-1f All other contributions, gifts and grants$566,526
VIII-1h Total contributions, gifts and grants$566,526
VIII-3 Investment incomeExcluded from tax $219$219
VIII-7 Net gain or loss on sales of assetsRelated to mission −$364,487−$364,487
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $525,896$525,896
VIII-12 Total revenueRelated to mission $161,409 · Unrelated business $0 · Excluded from tax $219$728,154
Part IX · Statement of functional expenses $510,037 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $106,769 · Management $35,590$142,359
IX-9 Other employee benefitsPrograms $504 · Management $168$672
IX-10 Payroll taxesPrograms $8,180 · Management $2,727$10,907
IX-11b Legal feesPrograms $3,455 · Management $3,455$6,910
IX-11c Accounting feesPrograms $11,230$11,230
IX-11g Other fees for servicesPrograms $246,506$246,506
IX-12 Advertising and promotionPrograms $16,392$16,392
IX-13 Office expensesPrograms $2,946 · Management $2,946$5,892
IX-16 OccupancyManagement $20,102$20,102
IX-17 TravelPrograms $2,598 · Management $866$3,464
IX-19 Conferences, conventions and meetingsPrograms $22,912$22,912
IX-20 InterestManagement $4,684$4,684
IX-22 Depreciation, depletion and amortizationManagement $8,029$8,029
IX-23 InsuranceManagement $7,354$7,354
IX-24 Other expenses (24a–d)Programs $1,229 · Management $1,370$2,599
IX-24e All other expensesManagement $25$25
IX-25 Total functional expensesPrograms $422,721 · Management $87,316 · Fundraising $0$510,037
Part X · Balance sheet $176,121 assets, 9 lines filed
Asset lines not itemized here account for $28,213; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $137,690$147,908
X-2 Savings and temporary cash investmentsStart of year $27,449$0
X-10c Land, buildings and equipment, netStart of year $822,516$0
X-16 Total assetsStart of year $1,015,868$176,121
X-17 Accounts payable and accrued expensesStart of year $15,400$6,650
X-25 Other liabilitiesStart of year $1,052,018$2,904
X-26 Total liabilitiesStart of year $1,067,418$9,554
X-32 Total net assets or fund balancesStart of year −$51,550$166,567
X-33 Total liabilities and net assetsStart of year $1,015,868$176,121
Part XI · Reconciliation of net assets $166,567 net assets at year end
XI-1 Total revenue$728,154
XI-2 Total expenses$510,037
XI-3 Revenue less expenses$218,117
XI-4 Net assets at start of year−$51,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$166,567

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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