Upton Economic Development Board FY2021 filing

Membership association Upton, WY EIN 83-0284995
Revenue
$186K
FY2021 · Pt VIII · Ln 12
Expenses
$156K
FY2021 · Pt IX · Ln 25
Net assets
$4.4M
FY2021 · Pt X · Ln 32
To programs
39%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2021–FY2025
Revenue
$186K
FY2021
Expenses
$156K
FY2021

Promotes economic growth and civic projects for Upton, Wyoming.

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Tax-deductible?
No
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Wyoming Community Foundation
$211K in the latest grant year. Details →
Spent on programs?
39% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
<$100K

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).


Promotes economic growth and civic projects for Upton, Wyoming.

Type
Membership association · Nonprofit
Location
Upton, WY
Filings
5 on file (2021–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.39 Management & general $0.61
Operating surplus
+16%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
61%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$4.4M
FY2021
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$4.4M
Program-expense ratioPt IX · col B39%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CUpton Economic Development Board
EINHdr · item D83-0284995
Principal addressHdr · item CUpton, WY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWY
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$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
See Upton Economic Development Board executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $60K of program spending, described in the organization's own filed words · FY2020.
01

The UEDB is just about to get final approval and funding for a new motel in Upton, Wy. They are also working on acquiring and demolishing and cleaning up a couple of buildings downtown. UEDB has formed a partnership and is now in the process of finding partners to build Upton a new motel.

$60Kprogram expense

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Statement of Revenue

Part VIII
Investment income$176K · 95%
Contributions & grants$10K · 5%
Investment income95%$176K
Contributions & grants5%$10K
Total revenueLn 12$186K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.39 Management & general $0.61
Program services39%$60K
Management & general61%$96K
Total functional expensesLn 25$156K

Balance Sheet

Part X · end of year
CashLn 1$73K
Total assetsLn 16$4.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$4.4M
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.2M · Operating expenses/yr $156K
320.9 months
Where the money goes
Program services
Program services $60K · Total expenses $156K
39%
Management & General
Management & general $96K · Total expenses $156K
61%
Fundraising
Fundraising $0 · Total expenses $156K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $186K
5%
Government reliance
Government grants — · Total revenue $186K
—
Earned-income share
Program service revenue $0 · Total revenue $186K
0%
Investment reliance
Investment income $176K · Total revenue $186K
+95%
Program self-sufficiency
Program service revenue $0 · Total expenses $156K
0%
Growth & trend
Revenue growth (YoY)
This year $186K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $186K · Expenses $156K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $4.4M
—
Net-asset ratio
Net assets $4.4M · Total assets $4.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.4M
92%
People & payroll
Highest Reported Total Compensation
Individual Justin Mills · Reported title TREASURER · Highest reported compensation $0 · Total expenses $156K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $95K · Total expenses $156K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 39%——
Overhead ratio 61%——
Fundraising cost ratio 0%——
Legal fee ratio 3%——
Accounting fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$211K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$-36K revenue · ⤓ 990 PDF
FY2024$70K revenue · ⤓ 990 PDF
FY2023$119K revenue · ⤓ 990 PDF
FY2022$207K revenue · ⤓ 990 PDF
FY2021$186K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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