Estes Park Economic Development FY2021 filing

Estes Park, COUnknown exempt organizationEIN 46-3326927Revenue $359K in FY2021

On file with the IRSestesparkedc.com533 Big Thompson Avenue · Estes Park, CO

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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

FY2021 · 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
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
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
$50
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$359K
+54% vs prior year
Spent
$351K
To programs
100%
Net assets
$98K
By yearFY2020–FY2024
Revenue
$359K
FY2021▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$233K
FY2021$359K
FY2022$371K
FY2023$251K
FY2024$117K
Expenses
$351K
FY2021▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$263K
FY2021$351K
FY2022$420K
FY2023$301K
FY2024Not on file
Net assets
$98K
FY2021▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$90K
FY2021$98K
FY2022$54K
FY2023$9K
FY2024Not on file

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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% · $351K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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Provided by the organization

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1 program · $351K · in their own filed words · FY2021
01

In 2021, the estes park edc worked with entrepreneurs throughout the estes valley by offering individual professional mentors and one-on-one confidential business consulting. In addition, the e-center business accelerator service of estes (base) program hosted an intensive six month business training program, which resulted in ten local…

$351Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$359K
Ln 12
Gifts and grantsLn 1h$359K
Money outPt IX
$351K
Ln 25
Programscol B$351K
Owns and owesPt X
$98K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$98K
LiabilitiesLn 26$50
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$359K
Government grantsLn 1e$36K
Noncash giftsLn 1g$15K
Total revenueLn 12$359K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Land, buildings, equipmentLn 10c$50
Other assetsLn 15$39K
Total assetsLn 16$98K
LiabilitiesLn 26$50
Net assetsLn 32$98K
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 FY21End FY21
Cash and savingsLn 1–2$89K$59K
Land, buildings, equipmentLn 10c$50$50
Total assetsLn 16$90K$98K
LiabilitiesLn 26$0$50
Net assetsLn 32$90K$98K
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$147K$147K
Pension plan contributionsLn 8$5K$5K
Payroll taxesLn 10$17K$17K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$4K$4K
OccupancyLn 16$26K$26K
TravelLn 17$19K$19K
Other expenses (24a–d)Ln 24$39K$39K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$351K$351K$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 Viewing $359K$351K$8K$98K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $359,318 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $233,215$359,318
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 $233,215$359,318
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 $200,295$249,374
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $62,306$101,461
I-18 Total expensesPrior year $262,601$350,835
I-19 Revenue less expensesPrior year −$29,386$8,483
Part VI · Governance 24 of 24 board members independent, 4 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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 $359,318 across 6 lines filed
VIII-1b Membership dues$176,650
VIII-1e Government grants$35,589
VIII-1f All other contributions, gifts and grants$147,079
VIII-1g Noncash contributions (included above)$15,000
VIII-1h Total contributions, gifts and grants$359,318
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$359,318
Part IX · Statement of functional expenses $350,835 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $80,043$80,043
IX-7 Other salaries and wagesPrograms $147,070$147,070
IX-8 Pension plan contributionsPrograms $4,887$4,887
IX-10 Payroll taxesPrograms $17,374$17,374
IX-11c Accounting feesPrograms $3,293$3,293
IX-11g Other fees for servicesPrograms $8,123$8,123
IX-12 Advertising and promotionPrograms $3,597$3,597
IX-16 OccupancyPrograms $26,200$26,200
IX-17 TravelPrograms $19,481$19,481
IX-24 Other expenses (24a–d)Programs $38,762$38,762
IX-24e All other expensesPrograms $2,005$2,005
IX-25 Total functional expensesPrograms $350,835 · Management $0 · Fundraising $0$350,835
Part X · Balance sheet $98,352 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $88,769$59,134
X-10c Land, buildings and equipment, netStart of year $50$50
X-15 Other assetsStart of year $1,000$39,168
X-16 Total assetsStart of year $89,819$98,352
X-25 Other liabilitiesStart of year $0$50
X-26 Total liabilitiesStart of year $0$50
X-27 Net assets without donor restrictionsStart of year $89,819$98,302
X-32 Total net assets or fund balancesStart of year $89,819$98,302
X-33 Total liabilities and net assetsStart of year $89,819$98,352
Part XI · Reconciliation of net assets $98,302 net assets at year end
XI-1 Total revenue$359,318
XI-2 Total expenses$350,835
XI-3 Revenue less expenses$8,483
XI-4 Net assets at start of year$89,819
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$98,302

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

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