Estes Park Economic Development FY2020 filing

Estes Park, COUnknown exempt organizationEIN 46-3326927

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The corporation shall plan for and promote the Economic Development of the Estes valley in ways that are compatible with those qualities that make Estes Park a unique mountain community.the corporation exists to build a stronger and more broadly-based economy and tax base; to advise and assist existing local businesses to reach their full Economic potential; and to attract new businesses that create primary jobs and new employment opportunities.the corporation shall use and promote the tools of Economic Development to create a more dynamic, multi-generational community to the benefit of all citizens.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 4
filings with a surplus
Average deficit $30K a year · 10% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$233K
Spent
$263K
To programs
100%
Net assets
$90K
By yearFY2020–FY2024
Revenue
$233K
FY2020
Revenue by fiscal year
FY2020$233K
FY2021$359K
FY2022$371K
FY2023$251K
FY2024$117K
Expenses
$263K
FY2020
Expenses by fiscal year
FY2020$263K
FY2021$351K
FY2022$420K
FY2023$301K
FY2024Not on file
Net assets
$90K
FY2020
Net assets by fiscal year
FY2020$90K
FY2021$98K
FY2022$54K
FY2023$9K
FY2024Not on file

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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% · $263K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Estes Park Economic Development 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

Promotes economic development in Estes Valley, supporting businesses and creating jobs for a stronger community.

Provided by the organization

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1 program service account for $263K of program spending, described in the organization's own filed words · FY2020.
01

Estes park edc created a plan for addressing the COVID-19 coronavirus in the estes valley. This included creating a program of communication to the estes valley business community and partnering with other local agencies to share and receive the latest data and resources about the economic health and impacts on the region.

$263Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$233K
Ln 12
Gifts and grantsLn 1h$233K
Money outPt IX
$263K
Ln 25
Programscol B$263K
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$90K
LiabilitiesLn 26$0
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Noncash giftsLn 1g$18K
Total revenueLn 12$233K
Assets in detailPt X, end of year
CashLn 1$89K
Cash and savings togetherLn 1–2$89K
Land, buildings, equipmentLn 10c$50
Other assetsLn 15$1K
Total assetsLn 16$90K
LiabilitiesLn 26$0
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 56
VolunteersI 629
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$119K$89K
Land, buildings, equipmentLn 10c$50$50
Total assetsLn 16$120K$90K
LiabilitiesLn 26$576$0
Net assetsLn 32$119K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$80K$80K
Other salaries and wagesLn 7$92K$92K
Payroll taxesLn 10$29K$29K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$5K$5K
OccupancyLn 16$12K$12K
Conferences, conventions and meetingsLn 19$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$24K$24K
All other expensesLn 24e$141$141
Total functional expensesLn 25$263K$263K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $117K 990 PDF
FY2023 $251K$301K−$50K$9K 990 PDF
FY2022 $371K$420K−$48K$54K 990 PDF
FY2021 $359K$351K$8K$98K 990 PDF
FY2020 Viewing $233K$263K−$29K$90K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $233,215 across 5 lines filed
VIII-1b Membership dues$170,150
VIII-1f All other contributions, gifts and grants$63,065
VIII-1g Noncash contributions (included above)$18,000
VIII-1h Total contributions, gifts and grants$233,215
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$233,215
Part IX · Statement of functional expenses $262,601 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $80,000$80,000
IX-7 Other salaries and wagesPrograms $91,625$91,625
IX-10 Payroll taxesPrograms $28,670$28,670
IX-11c Accounting feesPrograms $2,910$2,910
IX-11g Other fees for servicesPrograms $5,178$5,178
IX-12 Advertising and promotionPrograms $5,576$5,576
IX-13 Office expensesPrograms $4,524$4,524
IX-16 OccupancyPrograms $12,000$12,000
IX-19 Conferences, conventions and meetingsPrograms $6,288$6,288
IX-23 InsurancePrograms $2,072$2,072
IX-24 Other expenses (24a–d)Programs $23,617$23,617
IX-24e All other expensesPrograms $141$141
IX-25 Total functional expensesPrograms $262,601 · Management $0 · Fundraising $0$262,601
Part X · Balance sheet $89,819 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $118,731$88,769
X-10c Land, buildings and equipment, netStart of year $50$50
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $119,781$89,819
X-26 Total liabilitiesStart of year $576$0
X-27 Net assets without donor restrictionsStart of year $119,205$89,819
X-32 Total net assets or fund balancesStart of year $119,205$89,819
X-33 Total liabilities and net assetsStart of year $119,781$89,819
Part XI · Reconciliation of net assets $89,819 net assets at year end
XI-1 Total revenue$233,215
XI-2 Total expenses$262,601
XI-3 Revenue less expenses−$29,386
XI-4 Net assets at start of year$119,205
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$89,819

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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