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Regional Economic Development Incorporated

Not tax-deductible

Columbia, MO501(c)(4)Since 1988EIN 43-1516160

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To attract new businesses and quality jobs that enhance the area's economy and community; to expand the presence of existing legacy businesses and enure a sustainable workforce; and to grow start-up businesses and foster a stronger entrepreneurial ecosystem.

73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $36K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
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
$427K
-2% vs prior year
Spent
$332K
To programs
73%
Net assets
$253K
By yearFY2020–FY2024
Revenue
$427K
FY2024▼ -2%
Revenue by fiscal year
FY2020$354K
FY2021$332K
FY2022$390K
FY2023$384K
FY2024$436K
FY2024$427K
Expenses
$332K
FY2024▼ -27%
Expenses by fiscal year
FY2020$300K
FY2021$509K
FY2022$387K
FY2023$427K
FY2024$452K
FY2024$332K
Net assets
$253K
FY2024▲ +61%
Net assets by fiscal year
FY2020$389K
FY2021$212K
FY2022$215K
FY2023$173K
FY2024$156K
FY2024$253K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1989.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $242K Management & general 27% · $90K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mike Grellner
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Hoien
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Regional Economic Development Incorporated 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

Provides equipment and business support to retail entrepreneurs in Mid-Missouri.

Provided by the organization

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2 programs · $242K · in their own filed words · FY2024
01

To promote economic development and activity in the COLUMBIA/BOONE county area

$207Kprogram expense
02

To work with retail-based entrepreneurs in mid-missouri to provide them with equipment and business support for their business.

$35Kprogram 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 · FY2023
Veterans United FoundationFY2023$12K
Total grants receivedfrom 1 funder$12K
Grants paid · 4 grants · $106K · 2023–2024
Unitemized GrantFY2024$50,000
Unitemized GrantFY2024$2,509
Unitemized GrantFY2023$50,000
Unitemized GrantFY2023$3,200

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$427K
Ln 12
Fees for servicesLn 2g$340K
Gifts and grantsLn 1h$67K
Other incomeLn 4–11$21K
Money outPt IX
$332K
Ln 25
Programscol B$242K
Managementcol C$90K
Owns and owesPt X
$253K
net assets · Ln 32
Cash and savingsLn 1–2$277K
Total assetsLn 16$277K
LiabilitiesLn 26$24K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Government grantsLn 1e$50K
Fees for servicesLn 2g$340K
Investment incomeLn 3$464
Other incomeLn 4–11$21K
Total revenueLn 12$427K
Assets in detailPt X, end of year
CashLn 1$277K
Cash and savings togetherLn 1–2$277K
Total assetsLn 16$277K
LiabilitiesLn 26$24K
Net assetsLn 32$253K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$234K$277K
Total assetsLn 16$234K$277K
LiabilitiesLn 26$77K$24K
Net assetsLn 32$156K$253K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$53K$53K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$41K$41K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$18K$18K
OccupancyLn 16$119K$31K$88K
TravelLn 17$20K$20K
Conferences, conventions and meetingsLn 19$29K$29K
InterestLn 20$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$21K$21K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$332K$242K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $436K$452K−$16K$156K 990 PDF
FY2023 $384K$427K−$42K$173K 990 PDF
FY2022 $390K$387K$3K$215K 990 PDF
FY2021 $332K$509K−$177K$212K 990 PDF
FY2020 $354K$300K$54K$389K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $427,268 across 7 lines filed
VIII-1e Government grants$50,000
VIII-1f All other contributions, gifts and grants$16,750
VIII-1h Total contributions, gifts and grants$66,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $339,552$339,552
VIII-3 Investment incomeExcluded from tax $464$464
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,502$20,502
VIII-12 Total revenueRelated to mission $360,054 · Excluded from tax $464$427,268
Part IX · Statement of functional expenses $331,779 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $52,509$52,509
IX-11c Accounting feesPrograms $11,315$11,315
IX-11g Other fees for servicesPrograms $41,249$41,249
IX-12 Advertising and promotionPrograms $10,483$10,483
IX-13 Office expensesPrograms $17,729$17,729
IX-16 OccupancyPrograms $30,905 · Management $88,381$119,286
IX-17 TravelPrograms $19,515$19,515
IX-19 Conferences, conventions and meetingsPrograms $29,023$29,023
IX-20 InterestManagement $1,553$1,553
IX-23 InsurancePrograms $5,793$5,793
IX-24 Other expenses (24a–d)Programs $21,398$21,398
IX-24e All other expensesPrograms $1,926$1,926
IX-25 Total functional expensesPrograms $241,845 · Management $89,934 · Fundraising $0$331,779
Part X · Balance sheet $276,878 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $233,713$276,878
X-16 Total assetsStart of year $233,713$276,878
X-17 Accounts payable and accrued expensesStart of year $7,348$4,676
X-24 Unsecured notes and loans payableStart of year $64,203$13,258
X-25 Other liabilitiesStart of year $5,675$6,375
X-26 Total liabilitiesStart of year $77,226$24,309
X-27 Net assets without donor restrictionsStart of year $197,933$227,528
X-28 Net assets with donor restrictionsStart of year −$41,446$25,041
X-32 Total net assets or fund balancesStart of year $156,487$252,569
X-33 Total liabilities and net assetsStart of year $233,713$276,878
Part XI · Reconciliation of net assets $252,569 net assets at year end
XI-1 Total revenue$427,268
XI-2 Total expenses$331,779
XI-3 Revenue less expenses$95,489
XI-4 Net assets at start of year$156,487
XI-8 Prior period adjustments$593
XI-10 Net assets at end of year$252,569

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

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