Priest River Development Corporation

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To facilitate the diversification of employment opportunities in the Priest River area and provide properly zoned commercial property at reasonable costs supporting business and growth.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-0367289) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
95¢ of each $1 spent went to programs.
Run by 9 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $50K a year · 21% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 7% of spending
Pay to officers and key staff is 7% of spending.
Part VII, Section A
0.8 mo
of spending, in cash
Plus $369K in investments, Pt X · Ln 11–13
0.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$40K
3% of total assets
Liabilities are 3% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$220K
+1% vs prior year
Spent
$257K
To programs
95%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$220K
FY2024▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$187K
FY2021$367K
FY2022$177K
FY2023$217K
FY2024$220K
Expenses
$257K
FY2024▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$137K
FY2021$159K
FY2022$179K
FY2023$186K
FY2024$257K
Net assets
$1.4M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1984.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $245K Management & general 5% · $12K

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

9 people listed on the 990; $18K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Employee
$18,443Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Katlyn Ward$18,443$17,783$18,176$16,191$14,855
Doug Cash————$1,800
Chad Summers————$600
Martin Negle————$375
Daniel W Larson————$300

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 Priest River Development Corporation executive salaries →

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 job diversity and affordable commercial property for business growth in Priest River.

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1 program · $245K · in their own filed words · FY2024
01

Provided support to qualifying community projects charities and existing businesses to assist in employment opportunities and diversification within this rual community. Rental of sites within 31 acre industrial park to active businesses that enoucrage employment activities and increase quality job opportunities in the area.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-0367289) · Dispute this line
$245Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $130K · 2022–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$220K
Ln 12
Fees for servicesLn 2g$205K
Investment incomeLn 3$15K
Money outPt IX
$257K
Ln 25
Programscol B$245K
Managementcol C$12K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$1.4M
LiabilitiesLn 26$40K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$205K
Investment incomeLn 3$15K
Total revenueLn 12$220K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Accounts receivableLn 4$17K
Land, buildings, equipmentLn 10c$993K
InvestmentsLn 11–13$369K
Total assetsLn 16$1.4M
LiabilitiesLn 26$40K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$59K$17K
InvestmentsLn 11–13$365K$369K
Land, buildings, equipmentLn 10c$999K$993K
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$43K$40K
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$115K$115K
Pay of officers and key staff (Part IX, line 5)Ln 5$18K$18K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$2K$2K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$518$518
Information technologyLn 14$760$760
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$49K$49K
InsuranceLn 23$9K$6K$2K
Other expenses (24a–d)Ln 24$37K$37K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$257K$245K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $220K$257K−$37K$1.4M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $217K$186K$31K$1.4M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $177K$179K−$2K$1.3M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $367K$159K$207K$1.4M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $187K$137K$50K$1.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $220,268 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $211,078$204,939
I-10 Investment incomePrior year $6,047$15,329
I-11 Other revenue$0
I-12 Total revenuePrior year $217,125$220,268
I-13 Grants and similar amounts paidPrior year $24,034$114,817
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,179$19,906
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $142,981$122,512
I-18 Total expensesPrior year $186,194$257,235
I-19 Revenue less expensesPrior year $30,931−$36,967
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $220,268 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $204,939$204,939
VIII-3 Investment incomeRelated to mission $15,329$15,329
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $220,268 · Unrelated business $0 · Excluded from tax $0$220,268
Part IX · Statement of functional expenses $257,235 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $114,817$114,817
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $18,443$18,443
IX-10 Payroll taxesPrograms $1,463$1,463
IX-11a Management feesManagement $2,051$2,051
IX-11c Accounting feesManagement $5,526$5,526
IX-11f Investment management feesManagement $2,196$2,196
IX-12 Advertising and promotionPrograms $4,160$4,160
IX-13 Office expensesPrograms $518$518
IX-14 Information technologyPrograms $760$760
IX-20 InterestPrograms $2,520$2,520
IX-22 Depreciation, depletion and amortizationPrograms $49,065$49,065
IX-23 InsurancePrograms $6,444 · Management $2,492$8,936
IX-24 Other expenses (24a–d)Programs $36,627$36,627
IX-24e All other expensesPrograms $10,153$10,153
IX-25 Total functional expensesPrograms $244,970 · Management $12,265 · Fundraising $0$257,235
Part X · Balance sheet $1,396,158 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $58,745$16,912
X-4 Accounts receivableStart of year $17,528$17,386
X-10c Land, buildings and equipment, netStart of year $999,157$992,742
X-11 Publicly traded securitiesStart of year $364,751$369,118
X-16 Total assetsStart of year $1,440,181$1,396,158
X-17 Accounts payable and accrued expensesStart of year $2,746$2,749
X-23 Secured mortgages and notes payableStart of year $40,470$36,759
X-26 Total liabilitiesStart of year $43,216$39,508
X-27 Net assets without donor restrictionsStart of year $1,396,965$1,356,650
X-32 Total net assets or fund balancesStart of year $1,396,965$1,356,650
X-33 Total liabilities and net assetsStart of year $1,440,181$1,396,158
Part XI · Reconciliation of net assets $1,356,650 net assets at year end
XI-1 Total revenue$220,268
XI-2 Total expenses$257,235
XI-3 Revenue less expenses−$36,967
XI-4 Net assets at start of year$1,396,965
XI-5 Net unrealized gains (losses) on investments−$3,348
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,356,650

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

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