San Luis Valley Development Resources Group

Tax-deductible

Alamosa, CO501(c)(3)Since 1994EIN 84-0896112

Economic development planning for local governments and agencies and administration of revolving loan fund.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$149K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $423K a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
44 mo
of spending, in cash
Looks good: 43.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
17% of total assets
Looks good: liabilities are 17% 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
$1.5M
+16% vs prior year
Spent
$1.1M
To programs
85%
Net assets
$9.5M
By yearFY2020–FY2025
Revenue
$1.5M
FY2025▲ +16%
Revenue by fiscal year
FY2020$1.9M
FY2021$2.6M
FY2022$4.1M
FY2023$2.1M
FY2024$1.3M
FY2025$1.5M
Expenses
$1.1M
FY2025▼ -21%
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$3.6M
FY2023$2.0M
FY2024$1.4M
FY2025$1.1M
Net assets
$9.5M
FY2025▲ +4%
Net assets by fiscal year
FY2020$7.4M
FY2021$8.6M
FY2022$9.2M
FY2023$9.3M
FY2024$9.1M
FY2025$9.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1983.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $949K Management & general 15% · $162K

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

Who runs it and what they're paid

11 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$148,568Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sarah Stoeber$148,568$114,702$97,693———
Kevin Wilkins———$109,410$118,727$109,215
Ann Jones———$89,278——
Anne Jones——$50,631—$73,109$66,492

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Helps local governments plan economic development and manage loan funds.

Provided by the organization

This section is blank until San Luis Valley Development Resources Group claims this page.

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2 program services account for $949K of program spending, described in the organization's own filed words · FY2025.
01

Revolving loan funds are used to provide commercial financing to for-profit businesses located in the six counties encompassing the san luis VALLEY.FINANCING is also available for business expansion, start-ups, and retentions.

$904Kprogram expense
02

Enterprise zone marketing funds used to administer and promote the upper ARKANSAS/SAN luis valley enterprise zone. The program advertises and recruits companies that may want to relocate to the san luis valley, as well as the expansion of existing companies.

$45Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$835K
Gifts and grantsLn 1h$517K
Investment incomeLn 3$96K
Money outPt IX
$1.1M
Ln 25
Programscol B$949K
Managementcol C$162K
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$11.5M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$517K
Government grantsLn 1e$517K
Fees for servicesLn 2g$835K
Investment incomeLn 3$96K
Other incomeLn 4–11$22K
Gains on assetsLn 7$63K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$4.0M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$173K
Other assetsLn 15$38K
Total assetsLn 16$11.5M
LiabilitiesLn 26$2.0M
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 58
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 FY25End FY25
Cash and savingsLn 1–2$4.0M$4.0M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$192K$173K
Total assetsLn 16$11.4M$11.5M
LiabilitiesLn 26$2.3M$2.0M
Net assetsLn 32$9.1M$9.5M
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$165K$165K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$432K$310K$122K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$51K$48K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$7K$4K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$4K$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$332K$332K
All other expensesLn 24e$90K$77K$13K
Total functional expensesLn 25$1.1M$949K$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$1.1M$359K$9.5M 990 PDF
FY2024 $1.3M$1.4M−$140K$9.1M 990 PDF
FY2023 $2.1M$2.0M$71K$9.3M 990 PDF
FY2022 $4.1M$3.6M$548K$9.2M 990 PDF
FY2021 $2.6M$1.4M$1.2M$8.6M 990 PDF
FY2020 $1.9M$1.4M$453K$7.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,470,532 across 10 lines filed
VIII-1e Government grants$517,409
VIII-1h Total contributions, gifts and grants$517,409
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $834,570$834,570
VIII-3 Investment incomeExcluded from tax $33,414$33,414
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $6,600$6,600
VIII-7 Net gain or loss on sales of assetsRelated to mission $63,000$63,000
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,539$15,539
VIII-12 Total revenueRelated to mission $913,109 · Excluded from tax $40,014$1,470,532
Part IX · Statement of functional expenses $1,111,301 across 31 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 staffPrograms $164,671$164,671
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $309,723 · Management $121,969$431,692
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 feesPrograms $2,778$2,778
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,271$1,271
IX-13 Office expensesPrograms $47,673 · Management $2,941$50,614
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $3,659 · Management $3,189$6,848
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $6,476$6,476
IX-20 InterestPrograms $4,094$4,094
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $19,301$19,301
IX-23 InsuranceManagement $1,875$1,875
IX-24 Other expenses (24a–d)Programs $332,042$332,042
IX-24e All other expensesPrograms $76,787 · Management $12,852$89,639
IX-25 Total functional expensesPrograms $949,174 · Management $162,127 · Fundraising $0$1,111,301
Part X · Balance sheet $11,476,238 assets, 21 lines filed
Asset lines not itemized here account for $7,188,635; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,260,277$2,167,975
X-2 Savings and temporary cash investmentsStart of year $1,783,984$1,862,945
X-3 Pledges and grants receivableStart of year $39,518$46,040
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $192,305$173,004
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $20,324$37,639
X-16 Total assetsStart of year $11,373,895$11,476,238
X-17 Accounts payable and accrued expensesStart of year $18,670$6,791
X-19 Deferred revenueStart of year $20,699$2,500
X-25 Other liabilitiesStart of year $2,218,656$1,991,846
X-26 Total liabilitiesStart of year $2,258,025$2,001,137
X-27 Net assets without donor restrictionsStart of year $6,956,580$7,207,513
X-28 Net assets with donor restrictionsStart of year $2,159,290$2,267,588
X-32 Total net assets or fund balancesStart of year $9,115,870$9,475,101
X-33 Total liabilities and net assetsStart of year $11,373,895$11,476,238
Part XI · Reconciliation of net assets $9,475,101 net assets at year end
XI-1 Total revenue$1,470,532
XI-2 Total expenses$1,111,301
XI-3 Revenue less expenses$359,231
XI-4 Net assets at start of year$9,115,870
XI-10 Net assets at end of year$9,475,101

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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