Klamath County Economic Development Association

Not tax-deductible

Klamath Falls, OR501(c)(4)EIN 93-0654603Revenue $1.8M in FY2025

On file with the IRSteamklamath.com205 Riverside Dr Ste E, 97601-4203 · Klamath Falls, ORTax-exempt since Aug 1976

This page gets seen. Tell your story. Claim this org.

The organization's mission is to promote new and existing business Development in southern oregon.

86¢ of each $1 spent went to programs.
$222K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
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
4 of 6
filings with a surplus
Average surplus $238K a year · 18% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$222K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$756K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
41
of 42 voting members
Looks good: 41 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-23% vs prior year
Spent
$2.2M
To programs
86%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$1.8M
FY2025▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$637K
FY2021$553K
FY2022$1.7M
FY2023$789K
FY2024$2.4M
FY2025$1.8M
Expenses
$2.2M
FY2025▲ +69%
Tap a bar for its year
Expenses by fiscal year
FY2020$468K
FY2021$457K
FY2022$963K
FY2023$1.0M
FY2024$1.3M
FY2025$2.2M
Net assets
$1.9M
FY2025▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$625K
FY2021$720K
FY2022$1.5M
FY2023$1.2M
FY2024$2.3M
FY2025$1.9M

From the FY2025 Form 990 (year ending June 2025) · 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 Aug 1976.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.9M Management & general 13% · $277K Fundraising 1% · $30K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

40 people listed on the 990; $222K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Manager/Officer
$222,492Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Randy Cox$222,492$187,932$200,661$178,509

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 Klamath County Economic Development Association executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Promotes economic growth in Klamath County, Oregon, by supporting new and existing businesses to foster local development.

Questions for Klamath County Economic Development Association

Tap to ask. Klamath County Economic Development Association sees how many people are interested.

Your first name shows with your question. Klamath County Economic Development Association answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $1.9M · in their own filed words · FY2024
01

Promote economic development in new and existing industries in klamath county, oregon

$1.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $3.0M · 2021–2024
Gilchrist Forest ProductsFY2024$700,000
Gilchrist Forest ProductsFY2023$730,000
Oregon Tech Foundation INCOR · FY2021$180,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$65K
Investment incomeLn 3$42K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.9M
Managementcol C$277K
Fundraisingcol D$30K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.7M
LiabilitiesLn 26$756K
PeoplePt VI, VII
40
listed · VII A
PaidVII A1
Voting boardVI 1a42
IndependentVI 1b41
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fundraising eventsLn 1c$44K
Investment incomeLn 3$42K
Other incomeLn 4–11$65K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$839K
SavingsLn 2$754K
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$983K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$20K
Total assetsLn 16$2.7M
LiabilitiesLn 26$756K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$2.1M$1.6M
InvestmentsLn 11–13$912K$983K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$3.1M$2.7M
LiabilitiesLn 26$754K$756K
Net assetsLn 32$2.3M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$229K$229K
Other salaries and wagesLn 7$172K$155K$17K
Payroll taxesLn 10$27K$24K$3K
Legal feesLn 11b$183$183
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$8K$6K$2K
Advertising and promotionLn 12$53K$22K$30K
Office expensesLn 13$15K$14K$2K
OccupancyLn 16$16K$15K$2K
InterestLn 20$7K$7K
InsuranceLn 23$9K$8K$905
Other expenses (24a–d)Ln 24$16K$14K$2K
All other expensesLn 24e$959$629$330
Total functional expensesLn 25$2.2M$1.9M$277K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.8M$2.2M−$406K$1.9M 990 PDF
FY2024 $2.4M$1.3M$1.0M$2.3M 990 PDF
FY2023 $789K$1.0M−$215K$1.2M 990 PDF
FY2022 $1.7M$963K$740K$1.5M 990 PDF
FY2021 $553K$457K$96K$720K 990 PDF
FY2020 $637K$468K$169K$625K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (6 parts)
Part I · Summary $1,799,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,287,600$1,693,026
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $40,643$41,641
I-11 Other revenuePrior year $35,433$64,698
I-12 Total revenuePrior year $2,363,676$1,799,365
I-13 Grants and similar amounts paidPrior year $730,000$1,639,794
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $424,046$427,628
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $151,911$138,281
I-18 Total expensesPrior year $1,305,957$2,205,703
I-19 Revenue less expensesPrior year $1,057,719−$406,338
Part VI · Governance 41 of 42 board members independent, 4 to look at
VI-1a Voting members of the governing body42
VI-1b Independent voting members41
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 $1,799,365 across 8 lines filed
VIII-1b Membership dues$242,000
VIII-1c Fundraising events$44,479
VIII-1f All other contributions, gifts and grants$1,406,547
VIII-1h Total contributions, gifts and grants$1,693,026
VIII-3 Investment incomeExcluded from tax $41,641$41,641
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $64,698$64,698
VIII-12 Total revenueRelated to mission $64,698 · Unrelated business $0 · Excluded from tax $41,641$1,799,365
Part IX · Statement of functional expenses $2,205,703 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $1,639,794$1,639,794
IX-5 Pay of current officers, directors and key staffManagement $228,739$228,739
IX-7 Other salaries and wagesPrograms $154,888 · Management $17,210$172,098
IX-10 Payroll taxesPrograms $24,112 · Management $2,679$26,791
IX-11b Legal feesManagement $183$183
IX-11c Accounting feesManagement $12,650$12,650
IX-11g Other fees for servicesPrograms $5,835 · Management $1,886$7,721
IX-12 Advertising and promotionPrograms $22,464 · Fundraising $30,122$52,586
IX-13 Office expensesPrograms $13,574 · Management $1,508$15,082
IX-16 OccupancyPrograms $14,850 · Management $1,650$16,500
IX-20 InterestManagement $7,490$7,490
IX-23 InsurancePrograms $8,142 · Management $905$9,047
IX-24 Other expenses (24a–d)Programs $14,457 · Management $1,606$16,063
IX-24e All other expensesPrograms $629 · Management $330$959
IX-25 Total functional expensesPrograms $1,898,745 · Management $276,836 · Fundraising $30,122$2,205,703
Part X · Balance sheet $2,651,915 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,353,866$839,262
X-2 Savings and temporary cash investmentsStart of year $727,696$753,955
X-4 Accounts receivableStart of year $42,250$55,129
X-10c Land, buildings and equipment, netStart of year $1,053$1,053
X-13 Program-related investmentsStart of year $911,770$982,516
X-15 Other assetsStart of year $20,000$20,000
X-16 Total assetsStart of year $3,056,635$2,651,915
X-25 Other liabilitiesStart of year $753,940$755,558
X-26 Total liabilitiesStart of year $753,940$755,558
X-27 Net assets without donor restrictionsStart of year $1,532,695$1,730,736
X-28 Net assets with donor restrictionsStart of year $770,000$165,621
X-32 Total net assets or fund balancesStart of year $2,302,695$1,896,357
X-33 Total liabilities and net assetsStart of year $3,056,635$2,651,915
Part XI · Reconciliation of net assets $1,896,357 net assets at year end
XI-1 Total revenue$1,799,365
XI-2 Total expenses$2,205,703
XI-3 Revenue less expenses−$406,338
XI-4 Net assets at start of year$2,302,695
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,896,357

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.