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Klamath County Economic Development Association FY2020 filing

Not tax-deductible

Klamath Falls, OR501(c)(4)EIN 93-0654603Revenue $637K in FY2020

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

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

55¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
37
of 38 voting members
Looks good: 37 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$637K
Spent
$468K
To programs
55%
Net assets
$625K
By yearFY2020–FY2025
Revenue
$637K
FY2020
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
$468K
FY2020
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
$625K
FY2020
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 FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

55 cents of each dollar spent went to programs.

Program services 55% · $256K Management & general 45% · $212K Fundraising 8% · $37K

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

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Who runs it and what they're paid

83 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
Mark Wendt
Director
$0Pt VII · Sec A
Ann Cavanaugh
Secretary
$0Pt VII · Sec A
Matt Hurley
Director
$0Pt VII · Sec A
Randy Shaw
Vice President
$0Pt VII · Sec A
Donnie Boyd
Director
$0Pt VII · Sec A
Stan Gilbert
Director
$0Pt VII · Sec A
Todd Andres
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 →

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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

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

Questions for Klamath County Economic Development Association

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Provided by the organization

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2 programs · $511K · in their own filed words · FY2019
01

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

$256Kprogram expense
02

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

$255Kprogram 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
Transformations Wellness CenterOR · FY2024$916,000
Gilchrist Forest ProductsFY2024$700,000
Gilchrist Forest ProductsFY2023$730,000
Transformations Wellness CenterOR · FY2022$225,000
Klamath Community College FoundationOR · FY2021$270,000
Oregon Tech Foundation INCOR · FY2021$180,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$637K
Ln 12
Gifts and grantsLn 1h$635K
Investment incomeLn 3$2K
Money outPt IX
$468K
Ln 25
Programscol B$256K
Managementcol C$212K
Fundraisingcol D$37K
Owns and owesPt X
$625K
net assets · Ln 32
Cash and savingsLn 1–2$605K
Total assetsLn 16$661K
LiabilitiesLn 26$36K
PeoplePt VI, VII
83
listed · VII A
PaidVII A0
Voting boardVI 1a38
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$635K
Investment incomeLn 3$2K
Total revenueLn 12$637K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$605K
Total assetsLn 16$661K
LiabilitiesLn 26$36K
Net assetsLn 32$625K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $637K$468K$169K$625K 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 (1 part)
Part VI · Governance 37 of 38 board members independent, 4 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members37
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

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

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