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Industrial Developments Incorporated FY2021 filing

Tax-deductible

Grand Jct, CO501(c)(3)Community Development EIN 84-0519698Revenue $36K in FY2021Latest return filed Apr 13, 2026

On file with the IRSGrand Jct, COTax-exempt since Apr 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To lessen the burden on the local government in promoting economic development, and to promote, foster, develop, and encourage the location of Industrial and commercial business enterprises and small business concerns in mesa county, colorado, and to assist and attract any such businesses, enterprises and small business concerns in establishing or locating therein by such inducements and means as may be necessary, desirable or expedient.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $14K a year · 25% 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
198 mo
of spending, in cash
Looks good: 197.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36K
Spent
$28K
To programs
62%
Net assets
$1.7M
By yearFY2021–FY2025
Revenue
$36K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$36K
FY2022−$19K
FY2023$156K
FY2024$8K
FY2025$87K
Expenses
$28K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$28K
FY2022$24K
FY2023$50K
FY2024$31K
FY2025$68K
Net assets
$1.7M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2022$1.6M
FY2023$1.7M
FY2024$1.7M
FY2025$1.7M

From the FY2021 Form 990 (year ending May 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2009.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $18K Management & general 38% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Mark Austin
President
$0Pt VII · Sec A
Chris Allen
Secretary Treasurer
$0Pt VII · Sec A
Bruce Milyard
Board Member
$0Pt VII · Sec A
Tom Benton
Board Member
$0Pt VII · Sec A
Shane Haas
Board Member
$0Pt VII · Sec A
Mike Foster
Board Member
$0Pt VII · Sec A
Nicholas H Gower
Board Member
$0Pt VII · Sec A
Katie Powell
Board Member
$0Pt VII · Sec A
See Industrial Developments Incorporated 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

Attracts and assists businesses to locate and grow in Mesa County, Colorado.

Questions for Industrial Developments Incorporated

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1 program · $18K · in their 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

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$36K
Ln 12
Gifts and grantsLn 1h$35K
Investment incomeLn 3$581
Other incomeLn 4–11$67
Money outPt IX
$28K
Ln 25
Programscol B$18K
Managementcol C$11K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$468K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Government grantsLn 1e$35K
Investment incomeLn 3$581
Other incomeLn 4–11$67
Total revenueLn 12$36K
Assets in detailPt X, end of year
CashLn 1$427K
SavingsLn 2$41K
Cash and savings togetherLn 1–2$468K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$400
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
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$460K$468K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$11K$11K
InsuranceLn 23$617$617
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$23$23
Total functional expensesLn 25$28K$18K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 13, 2026 $87K$68K$20K$1.7M 990 PDF
FY2024Filed with the IRS Apr 10, 2025 $8K$31K−$22K$1.7M 990 PDF
FY2023Filed with the IRS Apr 12, 2024 $156K$50K$106K$1.7M 990 PDF
FY2022Filed with the IRS Mar 27, 2023 −$19K$24K−$43K$1.6M 990 PDF
FY2021 ViewingFiled with the IRS Dec 15, 2021 $36K$28K$7K$1.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $35,648 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$35,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,173$581
I-11 Other revenuePrior year $0$67
I-12 Total revenuePrior year $4,173$35,648
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,463$28,359
I-18 Total expensesPrior year $19,463$28,359
I-19 Revenue less expensesPrior year −$15,290$7,289
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $35,648 across 5 lines filed
VIII-1e Government grants$35,000
VIII-1h Total contributions, gifts and grants$35,000
VIII-3 Investment incomeExcluded from tax $581$581
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $67$67
VIII-12 Total revenueRelated to mission $67 · Unrelated business $0 · Excluded from tax $581$35,648
Part IX · Statement of functional expenses $28,359 across 6 lines filed
IX-11b Legal feesPrograms $1,510$1,510
IX-11c Accounting feesPrograms $3,748$3,748
IX-11g Other fees for servicesManagement $10,800$10,800
IX-23 InsurancePrograms $617$617
IX-24 Other expenses (24a–d)Programs $11,661$11,661
IX-24e All other expensesPrograms $23$23
IX-25 Total functional expensesPrograms $17,559 · Management $10,800 · Fundraising $0$28,359
Part X · Balance sheet $1,664,197 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $419,750$427,014
X-2 Savings and temporary cash investmentsStart of year $40,562$40,587
X-10c Land, buildings and equipment, netStart of year $1,196,196$1,196,196
X-15 Other assetsStart of year $400$400
X-16 Total assetsStart of year $1,656,908$1,664,197
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $1,656,908$1,664,197
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,656,908$1,664,197
X-33 Total liabilities and net assetsStart of year $1,656,908$1,664,197
Part XI · Reconciliation of net assets $1,664,197 net assets at year end
XI-1 Total revenue$35,648
XI-2 Total expenses$28,359
XI-3 Revenue less expenses$7,289
XI-4 Net assets at start of year$1,656,908
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,664,197

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

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