Economic Development of Elmore County

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$96K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.1 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
$1K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$628K
-14% vs prior year
Spent
$436K
To programs
84%
Net assets
$358K
By yearFY2021–FY2025
Revenue
$628K
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2021$598K
FY2022$453K
FY2023$728K
FY2024$628K
FY2025$587K
Expenses
$436K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2021$587K
FY2022$509K
FY2023$510K
FY2024$436K
FY2025$580K
Net assets
$358K
FY2024▲ +115%
Tap a bar for its year
Net assets by fiscal year
FY2021$4K
FY2022−$52K
FY2023$167K
FY2024$358K
FY2025$365K

From the FY2024 Form 990 (year ending September 2024) · see the original

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You’re viewing the FY2024 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

84 cents of each dollar spent went to programs.

Program services 84% · $366K Management & general 16% · $70K

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

16 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$95,600Pt VII · Sec A
Board Member
$0Pt 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 · $366K · in their own filed words · FY2023
01

Economic development of elmore county

$366Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$628K
Ln 12
Gifts and grantsLn 1h$628K
Investment incomeLn 3$52
Money outPt IX
$436K
Ln 25
Programscol B$366K
Managementcol C$70K
Owns and owesPt X
$358K
net assets · Ln 32
Cash and savingsLn 1–2$331K
Total assetsLn 16$360K
LiabilitiesLn 26$1K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$628K
Investment incomeLn 3$52
Total revenueLn 12$628K
Assets in detailPt X, end of year
CashLn 1$331K
Cash and savings togetherLn 1–2$331K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$360K
LiabilitiesLn 26$1K
Net assetsLn 32$358K
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 FY24End FY24
Cash and savingsLn 1–2$148K$331K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$176K$360K
LiabilitiesLn 26$10K$1K
Net assetsLn 32$167K$358K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$75K$25K
Payroll taxesLn 10$8K$6K$2K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$229K$229K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$9K$4K$4K
OccupancyLn 16$18K$18K
Conferences, conventions and meetingsLn 19$24K$24K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$6K$5K$1K
All other expensesLn 24e$9$9
Total functional expensesLn 25$436K$366K$70K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $587K$580K$6K$365K 990 PDF
FY2024 Viewing $628K$436K$192K$358K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $627,552 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $566,526$627,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$364,268$52
I-11 Other revenuePrior year $525,896$0
I-12 Total revenuePrior year $728,154$627,552
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 $153,938$108,209
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $356,099$327,503
I-18 Total expensesPrior year $510,037$435,712
I-19 Revenue less expensesPrior year $218,117$191,840
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $627,552 across 4 lines filed
VIII-1f All other contributions, gifts and grants$627,500
VIII-1h Total contributions, gifts and grants$627,500
VIII-3 Investment incomeExcluded from tax $52$52
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $52$627,552
Part IX · Statement of functional expenses $435,712 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $75,372 · Management $25,124$100,496
IX-10 Payroll taxesPrograms $5,785 · Management $1,928$7,713
IX-11c Accounting feesPrograms $10,635$10,635
IX-11g Other fees for servicesPrograms $229,249$229,249
IX-12 Advertising and promotionPrograms $11,037$11,037
IX-13 Office expensesPrograms $4,403 · Management $4,403$8,806
IX-16 OccupancyManagement $18,074$18,074
IX-19 Conferences, conventions and meetingsPrograms $24,407$24,407
IX-23 InsuranceManagement $19,030$19,030
IX-24 Other expenses (24a–d)Programs $4,871 · Management $1,385$6,256
IX-24e All other expensesManagement $9$9
IX-25 Total functional expensesPrograms $365,759 · Management $69,953 · Fundraising $0$435,712
Part X · Balance sheet $359,514 assets, 8 lines filed
Asset lines not itemized here account for $28,213; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $147,908$331,301
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $176,121$359,514
X-17 Accounts payable and accrued expensesStart of year $6,650$0
X-25 Other liabilitiesStart of year $2,904$1,107
X-26 Total liabilitiesStart of year $9,554$1,107
X-32 Total net assets or fund balancesStart of year $166,567$358,407
X-33 Total liabilities and net assetsStart of year $176,121$359,514
Part XI · Reconciliation of net assets $358,407 net assets at year end
XI-1 Total revenue$627,552
XI-2 Total expenses$435,712
XI-3 Revenue less expenses$191,840
XI-4 Net assets at start of year$166,567
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$358,407

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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