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Cibola Communities Economic Development

IRS exemption revoked

Grants, NMUnknown exempt organizationEIN 85-0307777

Create economic based jobs through diversification and growth of tax base by attraction/recruitment of new business/industry and retention/expansion of existing business in cibola county.

100¢ of each $1 spent went to programs.
Run by 4 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 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
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$261K
Spent
$276K
To programs
100%
Net assets
$199K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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% · $276K

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Ellen Baca
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Larry Carver
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Martin Hicks
Director
$0Pt VII · Sec A
Ralph Lucero
Director
$0Pt VII · Sec A
Walter Meech
Director
$0Pt VII · Sec A
See Cibola Communities Economic 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

Attracts and retains businesses to create jobs and grow the tax base.

Provided by the organization

This section is blank until Cibola Communities Economic Development claims this page.

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1 program service account for $276K of program spending, described in the organization's own filed words · FY2019.
01

Collaborated with the city of grants, village of milan, and cibola county to DEVELOP/RECRUIT business expansion in support of economic development

$276Kprogram expense

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$261K
Ln 12
Fees for servicesLn 2g$243K
Other incomeLn 4–11$18K
Investment incomeLn 3$241
Money outPt IX
$276K
Ln 25
Programscol B$276K
Owns and owesPt X
$199K
net assets · Ln 32
Cash and savingsLn 1–2$197K
Total assetsLn 16$199K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$243K
Investment incomeLn 3$241
Other incomeLn 4–11$18K
Total revenueLn 12$261K
Assets in detailPt X, end of year
CashLn 1$197K
Cash and savings togetherLn 1–2$197K
Other assetsLn 15$2K
Total assetsLn 16$199K
LiabilitiesLn 26$0
Net assetsLn 32$199K
OperationsPt I, VI
EmployeesI 53
VolunteersI 64
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$199K$197K
Total assetsLn 16$215K$199K
LiabilitiesLn 26$0$0
Net assetsLn 32$215K$199K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$133K
Other employee benefitsLn 9$16K
Payroll taxesLn 10$11K
Legal feesLn 11b$6K
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$10K
Advertising and promotionLn 12$2K
Office expensesLn 13$10K
OccupancyLn 16$11K
Conferences, conventions and meetingsLn 19$3K
Depreciation, depletion and amortizationLn 22$7K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$53K
All other expensesLn 24e$8K
Total functional expensesLn 25$276K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $261K$276K−$16K$199K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $260,688 across 3 lines filed
Lines not itemized here account for $242,947 of total revenue; see the IRS return.
VIII-3 Investment incomeRelated to mission $241$241
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,500$17,500
VIII-12 Total revenueRelated to mission $260,688 · Unrelated business $0 · Excluded from tax $0$260,688
Part IX · Statement of functional expenses $276,453 across 14 lines filed
IX-7 Other salaries and wages$132,889
IX-9 Other employee benefits$15,777
IX-10 Payroll taxes$10,974
IX-11b Legal fees$6,458
IX-11c Accounting fees$2,832
IX-11g Other fees for services$10,046
IX-12 Advertising and promotion$2,221
IX-13 Office expenses$10,067
IX-16 Occupancy$11,380
IX-19 Conferences, conventions and meetings$2,869
IX-22 Depreciation, depletion and amortization$7,407
IX-23 Insurance$2,830
IX-24 Other expenses (24a–d)$52,612
IX-24e All other expenses$8,091
IX-25 Total functional expenses$276,453
Part X · Balance sheet $198,960 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $198,977$197,268
X-15 Other assetsStart of year $15,748$1,692
X-16 Total assetsStart of year $214,725$198,960
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $214,725$198,960
X-33 Total liabilities and net assetsStart of year $214,725$198,960
Part XI · Reconciliation of net assets $198,960 net assets at year end
XI-1 Total revenue$260,688
XI-2 Total expenses$276,453
XI-3 Revenue less expenses−$15,765
XI-4 Net assets at start of year$214,725
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$198,960

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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