Industrial Developments Incorporated EIN 84-0519698

Industrial Developments Incorporated FY2021 filing

EIN  84-0519698 Public charity (501(c)(3)) Grand Jct, CO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Attracts and assists businesses to locate and grow in Mesa County, Colorado.
Leadership
Mark Austin · President
Money in and out
$36K revenue, $28K expenses
Bottom line
62% program efficiency

Attracts and assists businesses to locate and grow in Mesa County, Colorado. For fiscal year 2021 it reported $36K in revenue, $28K in expenses, and $1.7M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program efficiency
62%
of spending reaches programs
Operating runway
197.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$36K
FY2021
Expenses
$28K
FY2021
Total assets
$1.7M
FY2021
Total liabilities
$0
FY2021
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $18K of program spending, described in the organization's own filed words · FY2020.
01

Promotion of economic development in mesa county through partnerships with local governmental units and other economic development organizations.

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndustrial Developments Incorporated
EINHdr · item D84-0519698
Principal addressHdr · item CGrand Jct, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
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
President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$35K · 98%
Investment income$581 · 2%
Contributions & grants98%$35K
Investment income2%$581
Other revenue$67
— government grantsLn 1e$35K
Total revenueLn 12$36K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$18K
Management & general38%$11K
Total functional expensesLn 25$28K

Balance Sheet

Part X · end of year
CashLn 1$468K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.7M
Months of cash on handcomputed197.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $468K · Operating expenses/yr $28K
197.9 months
Where the money goes
Program services
Program services $18K · Total expenses $28K
62%
Management & General
Management & general $11K · Total expenses $28K
38%
Fundraising
Fundraising $0 · Total expenses $28K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $35K · Total revenue $36K
98%
Government reliance
Government grants $35K · Total revenue $36K
98%
Earned-income share
Program service revenue $0 · Total revenue $36K
0%
Investment reliance
Investment income $581 · Total revenue $36K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $28K
0%
Growth & trend
Revenue growth (YoY)
This year $36K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36K · Expenses $28K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Austin · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $28K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $28K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0%
Legal fee ratio 5%
Accounting fee ratio 13%

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.

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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)$87K revenue · ⤓ 990 PDF
FY2024$8K revenue · ⤓ 990 PDF
FY2023$156K revenue · ⤓ 990 PDF
FY2022$-19K revenue · ⤓ 990 PDF
FY2021$36K 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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