Priest River Development Corporation FY2020 filing

Not tax-deductible

Priest River, ID501(c)(6)EIN 82-0367289

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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.

$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
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
3 of 5
filings with a surplus
Average surplus $50K a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$53K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$187K
Spent
$137K
To programs
0%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$187K
FY2020
Revenue by fiscal year
FY2020$187K
FY2021$367K
FY2022$177K
FY2023$217K
FY2024$220K
Expenses
$137K
FY2020
Expenses by fiscal year
FY2020$137K
FY2021$159K
FY2022$179K
FY2023$186K
FY2024$257K
Net assets
$1.2M
FY2020
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M

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 ruling in Oct 1984.

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

Who runs it and what they're paid

7 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation
Employee
$14,855Pt VII · Sec A
President
$1,800Pt VII · Sec A
Vice President
$600Pt VII · Sec A
Director
$375Pt VII · Sec A
$300Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

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

Provided by the organization

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1 program service account for $137K of program spending, described in the organization's own filed words · FY2020.
01

Rental of sites within 31 acre industrial park to 6 businesses to enoucrage employment and increase job growth. Support of education and local chambers of commerce to encourage further economic growth.

$137Kprogram 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 · this organization's grantmaking
Grants paid · 6 grants · $130K · 2022–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$187K
Ln 12
Fees for servicesLn 2g$172K
Gifts and grantsLn 1h$10K
Investment incomeLn 3$5K
Money outPt IX
$137K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$1.2M
LiabilitiesLn 26$53K
PeoplePt VI, VII
7
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Government grantsLn 1e$10K
Fees for servicesLn 2g$172K
Investment incomeLn 3$5K
Total revenueLn 12$187K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
InvestmentsLn 11–13$122K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$53K
Net assetsLn 32$1.2M
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 FY20End FY20
Cash and savingsLn 1–2$50K$21K
InvestmentsLn 11–13$110K$122K
Land, buildings, equipmentLn 10c$991K$1.1M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$58K$53K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$15K
Payroll taxesLn 10$1K
Management feesLn 11a$3K
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$22
Advertising and promotionLn 12$2K
Office expensesLn 13$364
Information technologyLn 14$1K
TravelLn 17$923
Conferences, conventions and meetingsLn 19$218
InterestLn 20$2K
Depreciation, depletion and amortizationLn 22$35K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$47K$47K
All other expensesLn 24e$11K
Total functional expensesLn 25$137K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $220K$257K−$37K$1.4M 990 PDF
FY2023 $217K$186K$31K$1.4M 990 PDF
FY2022 $177K$179K−$2K$1.3M 990 PDF
FY2021 $367K$159K$207K$1.4M 990 PDF
FY2020 Viewing $187K$137K$50K$1.2M 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 $187,052 across 5 lines filed
VIII-1e Government grants$10,000
VIII-1h Total contributions, gifts and grants$10,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $172,403$172,403
VIII-3 Investment incomeRelated to mission $4,649$4,649
VIII-12 Total revenueRelated to mission $177,052 · Unrelated business $0 · Excluded from tax $0$187,052
Part IX · Statement of functional expenses $137,029 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$14,855
IX-10 Payroll taxes$1,190
IX-11a Management fees$3,150
IX-11c Accounting fees$2,733
IX-11g Other fees for services$22
IX-12 Advertising and promotion$1,814
IX-13 Office expenses$364
IX-14 Information technology$1,474
IX-17 Travel$923
IX-19 Conferences, conventions and meetings$218
IX-20 Interest$2,357
IX-22 Depreciation, depletion and amortization$35,179
IX-23 Insurance$14,315
IX-24 Other expenses (24a–d)Programs $47,483$47,483
IX-24e All other expenses$10,952
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$137,029
Part X · Balance sheet $1,217,955 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $50,430$20,562
X-4 Accounts receivableStart of year $12,860$14,056
X-10c Land, buildings and equipment, netStart of year $991,055$1,060,989
X-11 Publicly traded securitiesStart of year $109,822$122,348
X-16 Total assetsStart of year $1,164,167$1,217,955
X-17 Accounts payable and accrued expensesStart of year $3,721$2,696
X-26 Total liabilitiesStart of year $57,511$53,377
X-27 Net assets without donor restrictionsStart of year $1,106,656$1,164,578
X-32 Total net assets or fund balancesStart of year $1,106,656$1,164,578
X-33 Total liabilities and net assetsStart of year $1,164,167$1,217,955
Part XI · Reconciliation of net assets $1,164,578 net assets at year end
XI-1 Total revenue$187,052
XI-2 Total expenses$137,029
XI-3 Revenue less expenses$50,023
XI-4 Net assets at start of year$1,106,656
XI-5 Net unrealized gains (losses) on investments$7,899
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,164,578

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

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