Community enhancement and economic Development

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 5
filings with a surplus
Average surplus $249K a year · 73% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$58K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$199K
-47% vs prior year
Spent
$163K
To programs
100%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$199K
FY2025▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$159K
FY2023$911K
FY2024$375K
FY2025$199K
Expenses
$163K
FY2025-0.06%
Tap a bar for its year
Expenses by fiscal year
FY2020$32K
FY2021$39K
FY2023$60K
FY2024$163K
FY2025$163K
Net assets
$2.4M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$646K
FY2021$766K
FY2023$2.2M
FY2024$2.4M
FY2025$2.4M

From the FY2025 Form 990 (year ending July 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1994.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $163K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
See Kit Carson Rural Development executive salaries →

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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 15aNo

Programs and updates

Improves communities and fosters economic growth.

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Provided by the organization

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1 program · $163K · in their own filed words · FY2024
01

Promote community enhancement and economic development

$163Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$199K
Ln 12
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$80K
Investment incomeLn 3$14K
Money outPt IX
$163K
Ln 25
Programscol B$163K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$2.5M
LiabilitiesLn 26$58K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$80K
Investment incomeLn 3$14K
Gains on assetsLn 7$13K
Total revenueLn 12$199K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$54K
Cash and savings togetherLn 1–2$59K
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$1K
Total assetsLn 16$2.5M
LiabilitiesLn 26$58K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
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$399K$59K
Land, buildings, equipmentLn 10c$2.0M$2.4M
Total assetsLn 16$2.4M$2.5M
LiabilitiesLn 26$5K$58K
Net assetsLn 32$2.4M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$827$827
Payroll taxesLn 10$302$302
Management feesLn 11a$7K$7K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$23K$23K
Advertising and promotionLn 12$754$754
Office expensesLn 13$2K$2K
OccupancyLn 16$9K$9K
Conferences, conventions and meetingsLn 19$321$321
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$73K$73K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$25K$25K
All other expensesLn 24e$805$805
Total functional expensesLn 25$163K$163K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $199K$163K$35K$2.4M 990 PDF
FY2024 $375K$163K$211K$2.4M 990 PDF
FY2023 $911K$60K$851K$2.2M 990 PDF
FY2022 Not on file
FY2021 $159K$39K$120K$766K 990 PDF
FY2020 $59K$32K$27K$646K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $198,522 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $184,021$103,773
I-9 Program service revenuePrior year $70,274$80,425
I-10 Investment incomePrior year $120,598$14,324
I-11 Other revenue$0
I-12 Total revenuePrior year $374,893$198,522
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,438$1,129
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $162,012$162,228
I-18 Total expensesPrior year $163,450$163,357
I-19 Revenue less expensesPrior year $211,443$35,165
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $198,522 across 6 lines filed
VIII-1f All other contributions, gifts and grants$103,773
VIII-1h Total contributions, gifts and grants$103,773
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,425$80,425
VIII-3 Investment incomeRelated to mission $1,420$1,420
VIII-7 Net gain or loss on sales of assetsRelated to mission $12,904$12,904
VIII-12 Total revenueRelated to mission $94,749$198,522
Part IX · Statement of functional expenses $163,357 across 14 lines filed
IX-7 Other salaries and wagesPrograms $827$827
IX-10 Payroll taxesPrograms $302$302
IX-11a Management feesPrograms $7,089$7,089
IX-11c Accounting feesPrograms $6,075$6,075
IX-11g Other fees for servicesPrograms $23,020$23,020
IX-12 Advertising and promotionPrograms $754$754
IX-13 Office expensesPrograms $1,708$1,708
IX-16 OccupancyPrograms $8,952$8,952
IX-19 Conferences, conventions and meetingsPrograms $321$321
IX-20 InterestPrograms $1,090$1,090
IX-22 Depreciation, depletion and amortizationPrograms $72,651$72,651
IX-23 InsurancePrograms $14,328$14,328
IX-24 Other expenses (24a–d)Programs $25,435$25,435
IX-24e All other expensesPrograms $805$805
IX-25 Total functional expensesPrograms $163,357 · Management $0 · Fundraising $0$163,357
Part X · Balance sheet $2,504,470 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $10,553$5,123
X-2 Savings and temporary cash investmentsStart of year $388,380$53,673
X-10c Land, buildings and equipment, netStart of year $2,009,674$2,444,639
X-15 Other assetsStart of year $7,878$1,035
X-16 Total assetsStart of year $2,416,485$2,504,470
X-24 Unsecured notes and loans payable$52,000
X-25 Other liabilitiesStart of year $4,850$5,670
X-26 Total liabilitiesStart of year $4,850$57,670
X-27 Net assets without donor restrictionsStart of year $2,411,635$2,446,800
X-32 Total net assets or fund balancesStart of year $2,411,635$2,446,800
X-33 Total liabilities and net assetsStart of year $2,416,485$2,504,470
Part XI · Reconciliation of net assets $2,446,800 net assets at year end
XI-1 Total revenue$198,522
XI-2 Total expenses$163,357
XI-3 Revenue less expenses$35,165
XI-4 Net assets at start of year$2,411,635
XI-10 Net assets at end of year$2,446,800

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

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