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Regional Economic Development Incorporated FY2021 filing

Not tax-deductible

Columbia, MO501(c)(4)Since 1988 EIN 43-1516160Revenue $332K in FY2021

On file with the IRScolumbiaredi.com500 E Walnut St Ste 102, 65201-4463 · Columbia, MOTax-exempt since Oct 1989

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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.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
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
3 of 6
filings with a surplus
Average deficit $14K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 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
$221K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
-6% vs prior year
Spent
$509K
To programs
82%
Net assets
$212K
By yearFY2020–FY2025
Revenue
$332K
FY2021▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$354K
FY2021$332K
FY2022$390K
FY2023$384K
FY2024$436K
FY2025$427K
Expenses
$509K
FY2021▲ +70%
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$509K
FY2022$387K
FY2023$427K
FY2024$452K
FY2025$332K
Net assets
$212K
FY2021▼ -45%
Tap a bar for its year
Net assets by fiscal year
FY2020$389K
FY2021$212K
FY2022$215K
FY2023$173K
FY2024$156K
FY2025$253K

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 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 Oct 1989.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $416K Management & general 18% · $93K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Todd Hoien
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Hart
Vice Chair
$0Pt VII · Sec A
John John
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Benjamin Ross
Secretary
$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.

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Provided by the organization

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2 programs · $416K · in their own filed words · FY2020
01

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

$305Kprogram expense
02

To work with food-based entrepreneurs in mid-missouri to provide them with a shared commercial kitchen that is equipped with equipment and business support for their business.

$111Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$332K
Ln 12
Gifts and grantsLn 1h$301K
Fees for servicesLn 2g$19K
Other incomeLn 4–11$12K
Money outPt IX
$509K
Ln 25
Programscol B$416K
Managementcol C$93K
Owns and owesPt X
$212K
net assets · Ln 32
Cash and savingsLn 1–2$433K
Total assetsLn 16$433K
LiabilitiesLn 26$221K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$301K
Government grantsLn 1e$91K
Fees for servicesLn 2g$19K
Investment incomeLn 3$235
Other incomeLn 4–11$12K
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$433K
Cash and savings togetherLn 1–2$433K
Total assetsLn 16$433K
LiabilitiesLn 26$221K
Net assetsLn 32$212K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$653K$433K
Total assetsLn 16$654K$433K
LiabilitiesLn 26$265K$221K
Net assetsLn 32$389K$212K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$55K$55K
Advertising and promotionLn 12$50K$50K
Office expensesLn 13$22K$22K
Information technologyLn 14$8K$8K
OccupancyLn 16$145K$61K$84K
TravelLn 17$10K$10K
Conferences, conventions and meetingsLn 19$35K$35K
InterestLn 20$9K$9K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$155K$155K
All other expensesLn 24e−$77−$77
Total functional expensesLn 25$509K$416K$93K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $427K$332K$95K$253K 990 PDF
FY2024 $436K$452K−$16K$156K 990 PDF
FY2023 $384K$427K−$42K$173K 990 PDF
FY2022 $390K$387K$3K$215K 990 PDF
FY2021 Viewing $332K$509K−$177K$212K 990 PDF
FY2020 $354K$300K$54K$389K 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 FY2021 990 (6 parts)
Part I · Summary $332,290 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $335,706$300,700
I-9 Program service revenuePrior year $15,000$18,946
I-10 Investment incomePrior year $2,882$235
I-11 Other revenue$12,409
I-12 Total revenuePrior year $353,588$332,290
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $299,747$509,009
I-18 Total expensesPrior year $299,747$509,009
I-19 Revenue less expensesPrior year $53,841−$176,719
Part VI · Governance 19 of 19 board members independent, 3 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $332,290 across 7 lines filed
VIII-1e Government grants$91,000
VIII-1f All other contributions, gifts and grants$209,700
VIII-1h Total contributions, gifts and grants$300,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,946$18,946
VIII-3 Investment incomeExcluded from tax $235$235
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,409$12,409
VIII-12 Total revenueRelated to mission $31,355 · Excluded from tax $235$332,290
Part IX · Statement of functional expenses $509,009 across 12 lines filed
IX-11c Accounting feesPrograms $13,315$13,315
IX-11g Other fees for servicesPrograms $55,036$55,036
IX-12 Advertising and promotionPrograms $50,056$50,056
IX-13 Office expensesPrograms $21,550$21,550
IX-14 Information technologyPrograms $7,520$7,520
IX-16 OccupancyPrograms $61,491 · Management $83,869$145,360
IX-17 TravelPrograms $10,387$10,387
IX-19 Conferences, conventions and meetingsPrograms $35,470$35,470
IX-20 InterestManagement $9,064$9,064
IX-23 InsurancePrograms $5,928$5,928
IX-24 Other expenses (24a–d)Programs $155,400$155,400
IX-24e All other expensesPrograms −$77−$77
IX-25 Total functional expensesPrograms $416,076 · Management $92,933 · Fundraising $0$509,009
Part X · Balance sheet $432,977 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $652,703$432,977
X-16 Total assetsStart of year $654,203$432,977
X-17 Accounts payable and accrued expensesStart of year $15,974$11,721
X-24 Unsecured notes and loans payableStart of year $249,489$205,901
X-25 Other liabilities$3,334
X-26 Total liabilitiesStart of year $265,463$220,956
X-27 Net assets without donor restrictionsStart of year $383,740$207,021
X-28 Net assets with donor restrictionsStart of year $5,000$5,000
X-32 Total net assets or fund balancesStart of year $388,740$212,021
X-33 Total liabilities and net assetsStart of year $654,203$432,977
Part XI · Reconciliation of net assets $212,021 net assets at year end
XI-1 Total revenue$332,290
XI-2 Total expenses$509,009
XI-3 Revenue less expenses−$176,719
XI-4 Net assets at start of year$388,740
XI-10 Net assets at end of year$212,021

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

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