Fort Collins Local Development Company

Not tax-deductible

Fort Collins, CO501(c)(4) EIN 84-0878717Revenue $4K in FY2024Latest return filed Nov 12, 2025

On file with the IRSfcllc.orgPo Box 1774, 80522-1774 · Fort Collins, COTax-exempt since Apr 1996

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To enhance the aesthetic and economic Development of downtown Fort Collins, colorado by providing below-market rate loans for renovation projects.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
4 of 5
filings with a surplus
Average surplus $10K a year · 65% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
595 mo
of spending, in cash
Looks good: 595.1 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
$4K
-25% vs prior year
Spent
$6K
To programs
50%
Net assets
$732K
By yearFY2020–FY2024
Revenue
$4K
FY2024▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$7K
FY2022$7K
FY2023$6K
FY2024$4K
Expenses
$6K
FY2024▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2020$11K
FY2021$3K
FY2022$3K
FY2023$4K
FY2024$6K
Net assets
$732K
FY2024-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$723K
FY2021$727K
FY2022$731K
FY2023$733K
FY2024$732K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1996.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $3K Management & general 50% · $3K

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Fort Collins Local Development Company 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

Offers low-interest loans for downtown Fort Collins renovation projects.

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1 program · $3K · in their own filed words · FY2024
01

The organization promotes the rejuvenation of downtown fort collins by offering low-interest loans more favorable than the conventional market for facade and interior renovation projects. The organization has funded over 100 projects since its inception, and has played a key role in aesthetic enhancement and general economic development…

$3Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4K
Ln 12
Fees for servicesLn 2g$4K
Investment incomeLn 3$750
Money outPt IX
$6K
Ln 25
Programscol B$3K
Managementcol C$3K
Owns and owesPt X
$732K
net assets · Ln 32
Cash and savingsLn 1–2$291K
Total assetsLn 16$732K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4K
Investment incomeLn 3$750
Total revenueLn 12$4K
Assets in detailPt X, end of year
CashLn 1$235K
SavingsLn 2$56K
Cash and savings togetherLn 1–2$291K
Total assetsLn 16$732K
LiabilitiesLn 26$0
Net assetsLn 32$732K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$588K$291K
Total assetsLn 16$733K$732K
LiabilitiesLn 26$0$0
Net assetsLn 32$733K$732K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$630$630
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$389$389
Office expensesLn 13$225$200$25
Information technologyLn 14$350$350
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$2K$1K$567
All other expensesLn 24e$0
Total functional expensesLn 25$6K$3K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025 $4K$6K−$1K$732K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $6K$4K$2K$733K 990 PDF
FY2022Filed with the IRS Jul 11, 2023 $7K$3K$4K$731K 990 PDF
FY2021Filed with the IRS Nov 10, 2022 $7K$3K$4K$727K 990 PDF
FY2020Filed with the IRS Oct 28, 2021 $51K$11K$40K$723K 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 FY2024 990 (6 parts)
Part I · Summary $4,448 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $5,126$3,698
I-10 Investment incomePrior year $772$750
I-11 Other revenue$0
I-12 Total revenuePrior year $5,898$4,448
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,520$5,860
I-18 Total expensesPrior year $3,520$5,860
I-19 Revenue less expensesPrior year $2,378−$1,412
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 $4,448 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,698$3,698
VIII-3 Investment incomeExcluded from tax $750$750
VIII-12 Total revenueRelated to mission $3,698 · Excluded from tax $750$4,448
Part IX · Statement of functional expenses $5,860 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $1,328$1,328
IX-11c Accounting feesManagement $630$630
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $389$389
IX-13 Office expensesPrograms $200 · Management $25$225
IX-14 Information technologyPrograms $350$350
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,158$1,158
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $1,213 · Management $567$1,780
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,921 · Management $2,939 · Fundraising $0$5,860
Part X · Balance sheet $731,958 assets, 7 lines filed
Asset lines not itemized here account for $441,370; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $532,489$234,637
X-2 Savings and temporary cash investmentsStart of year $55,201$55,951
X-16 Total assetsStart of year $733,370$731,958
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $733,370$731,958
X-32 Total net assets or fund balancesStart of year $733,370$731,958
X-33 Total liabilities and net assetsStart of year $733,370$731,958
Part XI · Reconciliation of net assets $731,958 net assets at year end
XI-1 Total revenue$4,448
XI-2 Total expenses$5,860
XI-3 Revenue less expenses−$1,412
XI-4 Net assets at start of year$733,370
XI-10 Net assets at end of year$731,958

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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