Lewis County Economic Development Council

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Promote Economic Development

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Run by 22 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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 6
filings with a surplus
Average surplus $60K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 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: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $145K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$873K
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+36% vs prior year
Spent
$1.7M
To programs
100%
Net assets
$703K
By yearFY2019–FY2024
Revenue
$1.9M
FY2024▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2019$585K
FY2020$2.0M
FY2021$760K
FY2022$977K
FY2023$1.4M
FY2024$1.9M
Expenses
$1.7M
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2019$650K
FY2020$2.0M
FY2021$695K
FY2022$884K
FY2023$1.4M
FY2024$1.7M
Net assets
$703K
FY2024▲ +59%
Tap a bar for its year
Net assets by fiscal year
FY2019$293K
FY2020$272K
FY2021$337K
FY2022$431K
FY2023$441K
FY2024$703K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1983.

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% · $1.7M

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

26 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Lewis County Economic Development Council 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 15aYes

Programs and updates

Facilitates business location and expansion to promote economic development in Lewis County.

Questions for Lewis County Economic Development Council

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2024
01

Facilitated the location of various new and existing businesses in lewis county

$1.7Mprogram 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$145K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$83K
Investment incomeLn 3$18
Money outPt IX
$1.7M
Ln 25
Programscol B$1.7M
Owns and owesPt X
$703K
net assets · Ln 32
Cash and savingsLn 1–2$506K
Total assetsLn 16$1.6M
LiabilitiesLn 26$873K
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$18
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$506K
Cash and savings togetherLn 1–2$506K
Land, buildings, equipmentLn 10c$900K
Total assetsLn 16$1.6M
LiabilitiesLn 26$873K
Net assetsLn 32$703K
OperationsPt I, VI
EmployeesI 55
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$337K$506K
Land, buildings, equipmentLn 10c$940$900K
Total assetsLn 16$461K$1.6M
LiabilitiesLn 26$20K$873K
Net assetsLn 32$441K$703K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$190K$190K
Other salaries and wagesLn 7$428K$428K
Other employee benefitsLn 9$91K$91K
Payroll taxesLn 10$55K$55K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$63K$63K
Office expensesLn 13$22K$22K
OccupancyLn 16$54K$54K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$34K$34K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$676K$676K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.7M$1.7M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.9M$1.7M$262K$703K 990 PDF
FY2023 $1.4M$1.4M$10K$441K 990 PDF
FY2022 $977K$884K$93K$431K 990 PDF
FY2021 $760K$695K$65K$337K 990 PDF
FY2020 $2.0M$2.0M−$6K$272K 990 PDF
FY2019 $585K$650K−$64K$293K 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 FY2024 990 (6 parts)
Part I · Summary $1,930,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $110,146$83,367
I-9 Program service revenuePrior year $1,311,056$1,846,949
I-10 Investment incomePrior year $21$18
I-11 Other revenue$0
I-12 Total revenuePrior year $1,421,223$1,930,334
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $684,894$763,756
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $726,354$904,528
I-18 Total expensesPrior year $1,411,248$1,668,284
I-19 Revenue less expensesPrior year $9,975$262,050
Part VI · Governance 27 of 27 board members independent, 2 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,930,334 across 6 lines filed
Lines not itemized here account for $1,213 of total revenue; see the IRS return.
VIII-1b Membership dues$83,367
VIII-1h Total contributions, gifts and grants$83,367
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,845,736$1,845,736
VIII-3 Investment incomeRelated to mission $18$18
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,846,967 · Unrelated business $0 · Excluded from tax $0$1,930,334
Part IX · Statement of functional expenses $1,668,284 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $189,510$189,510
IX-7 Other salaries and wagesPrograms $427,884$427,884
IX-9 Other employee benefitsPrograms $91,458$91,458
IX-10 Payroll taxesPrograms $54,904$54,904
IX-11b Legal feesPrograms $10,301$10,301
IX-11c Accounting feesPrograms $6,483$6,483
IX-11g Other fees for servicesPrograms $15,400$15,400
IX-12 Advertising and promotionPrograms $63,496$63,496
IX-13 Office expensesPrograms $21,627$21,627
IX-16 OccupancyPrograms $54,442$54,442
IX-17 TravelPrograms $2,901$2,901
IX-19 Conferences, conventions and meetingsPrograms $33,539$33,539
IX-22 Depreciation, depletion and amortizationPrograms $11,365$11,365
IX-23 InsurancePrograms $7,421$7,421
IX-24 Other expenses (24a–d)Programs $675,748$675,748
IX-24e All other expensesPrograms $1,805$1,805
IX-25 Total functional expensesPrograms $1,668,284 · Management $0 · Fundraising $0$1,668,284
Part X · Balance sheet $1,575,574 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $337,453$506,495
X-4 Accounts receivableStart of year $121,125$167,751
X-9 Prepaid expenses and deferred chargesStart of year $1,466$1,466
X-10c Land, buildings and equipment, netStart of year $940$899,862
X-16 Total assetsStart of year $460,984$1,575,574
X-17 Accounts payable and accrued expensesStart of year −$233$835
X-18 Grants payable$240,518
X-25 Other liabilitiesStart of year $20,648$22,122
X-26 Total liabilitiesStart of year $20,415$872,955
X-27 Net assets without donor restrictionsStart of year $440,569$702,619
X-32 Total net assets or fund balancesStart of year $440,569$702,619
X-33 Total liabilities and net assetsStart of year $460,984$1,575,574
Part XI · Reconciliation of net assets $702,619 net assets at year end
XI-1 Total revenue$1,930,334
XI-2 Total expenses$1,668,284
XI-3 Revenue less expenses$262,050
XI-4 Net assets at start of year$440,569
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$702,619

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

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