Regional Development Alliance INC: FY2023 Nonprofit Profile & Form 990 (EIN 84-1407698)

Revenue by fiscal year
FY2021	$158K
FY2022	$480K
FY2023	$253K
FY2024	$406K
FY2025	$353K

Expenses by fiscal year
FY2021	$446K
FY2022	$1.2M
FY2023	$260K
FY2024	$288K
FY2025	$253K

Net assets by fiscal year
FY2021	$7.4M
FY2022	$6.7M
FY2023	$6.7M
FY2024	$6.9M
FY2025	$7.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1997.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Scott Hancock

Chairman

$0Pt VII · Sec A

Gordon Egan

Treasurer

$0Pt VII · Sec A

Brent Mendendall

Secretary

$0Pt VII · Sec A

Byron Reed

Vice-Chairma

$0Pt VII · Sec A

Connie Chadwick

Executive Di

$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

Name	FY2022	FY2021
Connie Chadwick	$74,776	—
Wes Collins	—	$71,811

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.

See Regional Development Alliance INC 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

Finances businesses to create jobs in Eastern Idaho.

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Provided by the organization

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1 program · in their own filed words · FY2022

01

Helped business obtain loans to help start and grow businesses and create jobs in south east idaho.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$253K

Ln 12

Fees for servicesLn 2g$207K

Investment incomeLn 3$46K

Gifts and grantsLn 1h$45

Money outPt IX

$260K

Ln 25

Owns and owesPt X

$6.7M

net assets · Ln 32

Cash and savingsLn 1–2$3.8M

Total assetsLn 16$6.7M

LiabilitiesLn 26$9K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$45

Fees for servicesLn 2g$207K

Investment incomeLn 3$46K

Total revenueLn 12$253K

Assets in detailPt X, end of year

CashLn 1$132K

SavingsLn 2$3.7M

Cash and savings togetherLn 1–2$3.8M

Land, buildings, equipmentLn 10c$1K

Other assetsLn 15$17K

Total assetsLn 16$6.7M

LiabilitiesLn 26$9K

Net assetsLn 32$6.7M

OperationsPt I, VI

EmployeesI 51

Fiscal year endsHeaderMay

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$4.5M	$3.8M
Land, buildings, equipmentLn 10c	$1K	$1K
Total assetsLn 16	$6.8M	$6.7M
LiabilitiesLn 26	$9K	$9K
Net assetsLn 32	$6.7M	$6.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$106K
Legal feesLn 11b	$43K
Accounting feesLn 11c	$16K
Advertising and promotionLn 12	$51K
TravelLn 17	$337
Depreciation, depletion and amortizationLn 22	$137
InsuranceLn 23	$12K
Other expenses (24a–d)Ln 24	$24K
All other expensesLn 24e	$8K
Total functional expensesLn 25	$260K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$353K	$253K	$101K	$7.0M	990 PDF
FY2024	$406K	$288K	$118K	$6.9M	990 PDF
FY2023 Viewing	$253K	$260K	−$7K	$6.7M	990 PDF
FY2022	$480K	$1.2M	−$673K	$6.7M	990 PDF
FY2021	$158K	$446K	−$288K	$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 FY2023 990 (6 parts)

Part I · Summary $253,417 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,967$45

I-9 Program service revenuePrior year $159,222$207,039

I-10 Investment incomePrior year $318,703$46,333

I-11 Other revenue$0

I-12 Total revenuePrior year $480,892$253,417

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $103,633$105,863

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,049,106$154,632

I-18 Total expensesPrior year $1,152,739$260,495

I-19 Revenue less expensesPrior year −$671,847−$7,078

Part VI · Governance 14 of 14 board members independent, 4 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

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 $253,417 across 5 lines filed

VIII-1f All other contributions, gifts and grants$45

VIII-1h Total contributions, gifts and grants$45

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $207,039$207,039

VIII-3 Investment incomeRelated to mission $46,333$46,333

VIII-12 Total revenueRelated to mission $253,372$253,417

Part IX · Statement of functional expenses $260,495 across 9 lines filed

IX-7 Other salaries and wages$105,863

IX-11b Legal fees$43,236

IX-11c Accounting fees$16,325

IX-12 Advertising and promotion$51,248

IX-17 Travel$337

IX-22 Depreciation, depletion and amortization$137

IX-23 Insurance$11,966

IX-24 Other expenses (24a–d)$23,792

IX-24e All other expenses$7,591

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$260,495

Part X · Balance sheet $6,747,438 assets, 10 lines filed

Asset lines not itemized here account for $2,935,290; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $156,064$131,571

X-2 Savings and temporary cash investmentsStart of year $4,351,173$3,662,431

X-10c Land, buildings and equipment, netStart of year $1,211$1,074

X-15 Other assetsStart of year $6,464$17,072

X-16 Total assetsStart of year $6,754,531$6,747,438

X-17 Accounts payable and accrued expensesStart of year $8,695$8,680

X-26 Total liabilitiesStart of year $8,695$8,680

X-27 Net assets without donor restrictionsStart of year $6,745,836$6,738,758

X-32 Total net assets or fund balancesStart of year $6,745,836$6,738,758

X-33 Total liabilities and net assetsStart of year $6,754,531$6,747,438

Part XI · Reconciliation of net assets $6,738,758 net assets at year end

XI-1 Total revenue$253,417

XI-2 Total expenses$260,495

XI-3 Revenue less expenses−$7,078

XI-4 Net assets at start of year$6,745,836

XI-10 Net assets at end of year$6,738,758

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Regional Development Alliance INC FY2023 filing

Before you give

Is it real?

Who runs it and what they're paid

Compensation history total reportable pay by year · 2 named individuals · Part VII

Questions the 990 asks

Programs and updates

Questions for Regional Development Alliance INC

By the numbers

Filing history

Schedules filed Part IV