philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Industrial Developments Incorporated FY2022 filing

Tax-deductible

Grand Jct, CO501(c)(3)Community Development EIN 84-0519698Revenue −$19K in FY2022Latest return filed Apr 13, 2026

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

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

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.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-0519698) · Dispute this line
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

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
62% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
335.8 mo
of spending, in cash
335.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
−$19K
-154% vs prior year
Spent
$24K
To programs
62%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
−$19K
FY2022▼ -154%
Tap a bar for its year
Revenue by fiscal year
FY2021$36K
FY2022−$19K
FY2023$156K
FY2024$8K
FY2025$87K
Expenses
$24K
FY2022▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2021$28K
FY2022$24K
FY2023$50K
FY2024$31K
FY2025$68K
Net assets
$1.6M
FY2022▼ -3%
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 FY2022 Form 990 (year ending May 2022) · see the original

990 PDF Support Claim
You’re viewing the FY2022 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% · $15K Management & general 38% · $9K

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 (FY2021); the FY2022 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

Tap to ask. Industrial Developments Incorporated sees how many people are interested.

Your first name shows with your question. Industrial Developments Incorporated answers here, for everyone.

1 program · $15K · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-0519698) · Dispute this line
$15Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$19K
Ln 12
Gifts and grantsLn 1h$45K
Investment incomeLn 3$179
Money outPt IX
$24K
Ln 25
Programscol B$15K
Managementcol C$9K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$660K
Total assetsLn 16$1.6M
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$45K
Government grantsLn 1e$45K
Investment incomeLn 3$179
Gains on assetsLn 7−$65K
Total revenueLn 12−$19K
Assets in detailPt X, end of year
CashLn 1$620K
SavingsLn 2$41K
Cash and savings togetherLn 1–2$660K
Land, buildings, equipmentLn 10c$957K
Other assetsLn 15$4K
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
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 FY22End FY22
Cash and savingsLn 1–2$468K$660K
Land, buildings, equipmentLn 10c$1.2M$957K
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.7M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$9K$9K
InsuranceLn 23$621$621
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$24K$15K$9K$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
FY2022 ViewingFiled with the IRS Mar 27, 2023 −$19K$24K−$43K$1.6M 990 PDF
FY2021Filed with the IRS Dec 15, 2021 $36K$28K$7K$1.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary −$19,420 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,000$45,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $581−$64,920
I-11 Other revenuePrior year $67$500
I-12 Total revenuePrior year $35,648−$19,420
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 $28,359$23,589
I-18 Total expensesPrior year $28,359$23,589
I-19 Revenue less expensesPrior year $7,289−$43,009
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 −$19,420 across 6 lines filed
VIII-1e Government grants$45,000
VIII-1h Total contributions, gifts and grants$45,000
VIII-3 Investment incomeExcluded from tax $179$179
VIII-7 Net gain or loss on sales of assetsRelated to mission −$65,099−$65,099
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $500$500
VIII-12 Total revenueRelated to mission −$64,599 · Unrelated business $0 · Excluded from tax $179−$19,420
Part IX · Statement of functional expenses $23,589 across 5 lines filed
IX-11b Legal feesPrograms $1,019$1,019
IX-11c Accounting feesPrograms $3,799$3,799
IX-11g Other fees for servicesManagement $9,000$9,000
IX-23 InsurancePrograms $621$621
IX-24 Other expenses (24a–d)Programs $9,150$9,150
IX-25 Total functional expensesPrograms $14,589 · Management $9,000 · Fundraising $0$23,589
Part X · Balance sheet $1,621,188 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $427,014$619,521
X-2 Savings and temporary cash investmentsStart of year $40,587$40,603
X-10c Land, buildings and equipment, netStart of year $1,196,196$957,164
X-15 Other assetsStart of year $400$3,900
X-16 Total assetsStart of year $1,664,197$1,621,188
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $1,664,197$1,621,188
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 $1,664,197$1,621,188
X-33 Total liabilities and net assetsStart of year $1,664,197$1,621,188
Part XI · Reconciliation of net assets $1,621,188 net assets at year end
XI-1 Total revenue−$19,420
XI-2 Total expenses$23,589
XI-3 Revenue less expenses−$43,009
XI-4 Net assets at start of year$1,664,197
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,621,188

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.