Four Corners Economic Development INC FY2024 filing

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To help grow and diversify the economy of san juan county

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$206K 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)(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
3 of 6
filings with a surplus
Average surplus $7K a year · 1% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$206K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
94
of 94 voting members
Looks good: 94 of 94 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$725K
+103% vs prior year
Spent
$535K
To programs
100%
Net assets
$273K
By yearFY2020–FY2025
Revenue
$725K
FY2024▲ +103%
Tap a bar for its year
Revenue by fiscal year
FY2020$336K
FY2021$494K
FY2022$405K
FY2023$357K
FY2024$725K
FY2025$795K
Expenses
$535K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$321K
FY2021$442K
FY2022$455K
FY2023$507K
FY2024$535K
FY2025$807K
Net assets
$273K
FY2024▲ +228%
Tap a bar for its year
Net assets by fiscal year
FY2020$232K
FY2021$283K
FY2022$233K
FY2023$83K
FY2024$273K
FY2025$261K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · 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 Nov 2013.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $535K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $206K 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
Interim Executive Director
$158,099Pt VII · Sec A
Executive Officer
$47,625Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Timothy Gibbs’s $196K as Executive Di is at the 96th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2020
Timothy Gibbs$196,334$47,625—
Arvin Trujillo——$158,600
Scott Bird$6,587$158,099—

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 Four Corners Economic Development INC 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

Grows and diversifies San Juan County's economy.

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Provided by the organization

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1 program · $535K · in their own filed words · FY2023
01

Supporting and building economically vibrant businesses and communities in the four corners region through effective partnerships.

$535Kprogram 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$150K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$725K
Ln 12
Gifts and grantsLn 1h$725K
Money outPt IX
$535K
Ln 25
Programscol B$535K
Owns and owesPt X
$273K
net assets · Ln 32
Cash and savingsLn 1–2$263K
Total assetsLn 16$278K
LiabilitiesLn 26$5K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a94
IndependentVI 1b94
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$725K
Government grantsLn 1e$295K
Total revenueLn 12$725K
Assets in detailPt X, end of year
CashLn 1$263K
Cash and savings togetherLn 1–2$263K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$278K
LiabilitiesLn 26$5K
Net assetsLn 32$273K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
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$56K$263K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$93K$278K
LiabilitiesLn 26$10K$5K
Net assetsLn 32$83K$273K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$206K
Pension plan contributionsLn 8$1K
Other employee benefitsLn 9$3K
Payroll taxesLn 10$16K
Accounting feesLn 11c$14K
Other fees for servicesLn 11g$159K
Advertising and promotionLn 12$73K
Office expensesLn 13$32K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$30K
Total functional expensesLn 25$535K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $795K$807K−$12K$261K 990 PDF
FY2024 Viewing $725K$535K$190K$273K 990 PDF
FY2023 $357K$507K−$150K$83K 990 PDF
FY2022 $405K$455K−$50K$233K 990 PDF
FY2021 $494K$442K$51K$283K 990 PDF
FY2020 $336K$321K$15K$232K 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $724,705 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $356,737$724,705
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $356,737$724,705
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 $174,032$225,958
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $332,679$308,956
I-18 Total expensesPrior year $506,711$534,914
I-19 Revenue less expensesPrior year −$149,974$189,791
Part VI · Governance 94 of 94 board members independent, 3 to look at
VI-1a Voting members of the governing body94
VI-1b Independent voting members94
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 $724,705 across 5 lines filed
VIII-1b Membership dues$162,208
VIII-1e Government grants$294,866
VIII-1f All other contributions, gifts and grants$267,631
VIII-1h Total contributions, gifts and grants$724,705
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$724,705
Part IX · Statement of functional expenses $534,914 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$205,724
IX-8 Pension plan contributions$1,200
IX-9 Other employee benefits$2,996
IX-10 Payroll taxes$16,038
IX-11c Accounting fees$13,603
IX-11g Other fees for services$158,618
IX-12 Advertising and promotion$72,622
IX-13 Office expenses$31,702
IX-23 Insurance$2,906
IX-24 Other expenses (24a–d)$29,505
IX-25 Total functional expenses$534,914
Part X · Balance sheet $278,304 assets, 10 lines filed
Asset lines not itemized here account for $1,953; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $56,208$262,633
X-4 Accounts receivableStart of year $34,731$11,450
X-9 Prepaid expenses and deferred chargesStart of year $1,839$2,268
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $92,778$278,304
X-17 Accounts payable and accrued expensesStart of year $9,607$5,343
X-26 Total liabilitiesStart of year $9,607$5,343
X-27 Net assets without donor restrictionsStart of year $83,171$272,961
X-32 Total net assets or fund balancesStart of year $83,171$272,961
X-33 Total liabilities and net assetsStart of year $92,778$278,304
Part XI · Reconciliation of net assets $272,961 net assets at year end
XI-1 Total revenue$724,705
XI-2 Total expenses$534,914
XI-3 Revenue less expenses$189,791
XI-4 Net assets at start of year$83,171
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$272,961

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

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