Klamath County Economic Development Association FY2021 filing

Not tax-deductible

Klamath Falls, OR501(c)(4)EIN 93-0654603Revenue $553K in FY2021

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.

54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23K
3% of total assets
Looks good: liabilities are 3% 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
$553K
-13% vs prior year
Spent
$457K
To programs
54%
Net assets
$720K
By yearFY2020–FY2025
Revenue
$553K
FY2021▼ -13%
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
$457K
FY2021▼ -2%
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
$720K
FY2021▲ +15%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

54 cents of each dollar spent went to programs.

Program services 54% · $246K Management & general 45% · $205K Fundraising 1% · $6K

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

43 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt 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
Director
$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 →

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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.

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Provided by the organization

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1 program · $246K · in their own filed words · FY2020
01

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

$246Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$553K
Ln 12
Gifts and grantsLn 1h$552K
Investment incomeLn 3$863
Money outPt IX
$457K
Ln 25
Programscol B$246K
Managementcol C$205K
Fundraisingcol D$6K
Owns and owesPt X
$720K
net assets · Ln 32
Cash and savingsLn 1–2$587K
Total assetsLn 16$744K
LiabilitiesLn 26$23K
PeoplePt VI, VII
43
listed · VII A
PaidVII A0
Voting boardVI 1a42
IndependentVI 1b41
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$552K
Fundraising eventsLn 1c$23K
Investment incomeLn 3$863
Total revenueLn 12$553K
Assets in detailPt X, end of year
CashLn 1$435K
SavingsLn 2$152K
Cash and savings togetherLn 1–2$587K
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$744K
LiabilitiesLn 26$23K
Net assetsLn 32$720K
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 FY21End FY21
Cash and savingsLn 1–2$605K$587K
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$661K$744K
LiabilitiesLn 26$36K$23K
Net assetsLn 32$625K$720K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$157K$157K
Other salaries and wagesLn 7$178K$160K$18K
Payroll taxesLn 10$27K$25K$3K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$21K$16K$6K
Office expensesLn 13$21K$19K$2K
OccupancyLn 16$16K$14K$2K
TravelLn 17$4K$3K$374
Depreciation, depletion and amortizationLn 22$232$232
InsuranceLn 23$4K$4K$395
Other expenses (24a–d)Ln 24$7K$6K$738
All other expensesLn 24e$35$35
Total functional expensesLn 25$457K$246K$205K$6K

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 Viewing $553K$457K$96K$720K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $552,635 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $635,078$551,772
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,867$863
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $636,945$552,635
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $342,959$362,362
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $125,445$94,516
I-18 Total expensesPrior year $468,404$456,878
I-19 Revenue less expensesPrior year $168,541$95,757
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 $552,635 across 7 lines filed
VIII-1b Membership dues$248,244
VIII-1c Fundraising events$22,528
VIII-1f All other contributions, gifts and grants$281,000
VIII-1h Total contributions, gifts and grants$551,772
VIII-3 Investment incomeUnrelated business $863$863
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $863 · Excluded from tax $0$552,635
Part IX · Statement of functional expenses $456,878 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $156,720$156,720
IX-7 Other salaries and wagesPrograms $160,454 · Management $17,828$178,282
IX-10 Payroll taxesPrograms $24,624 · Management $2,736$27,360
IX-11b Legal feesManagement $13,776$13,776
IX-11c Accounting feesManagement $8,589$8,589
IX-12 Advertising and promotionPrograms $15,602 · Fundraising $5,501$21,103
IX-13 Office expensesPrograms $18,814 · Management $2,090$20,904
IX-16 OccupancyPrograms $14,105 · Management $1,567$15,672
IX-17 TravelPrograms $3,357 · Management $374$3,731
IX-22 Depreciation, depletion and amortizationManagement $232$232
IX-23 InsurancePrograms $3,555 · Management $395$3,950
IX-24 Other expenses (24a–d)Programs $5,786 · Management $738$6,524
IX-24e All other expensesManagement $35$35
IX-25 Total functional expensesPrograms $246,297 · Management $205,080 · Fundraising $5,501$456,878
Part X · Balance sheet $743,629 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $453,404$435,346
X-2 Savings and temporary cash investmentsStart of year $151,730$152,107
X-4 Accounts receivableStart of year $54,500$54,909
X-10c Land, buildings and equipment, netStart of year $1,498$1,267
X-13 Program-related investments$100,000
X-16 Total assetsStart of year $661,132$743,629
X-17 Accounts payable and accrued expensesStart of year $2,313$0
X-25 Other liabilitiesStart of year $34,133$23,186
X-26 Total liabilitiesStart of year $36,446$23,186
X-27 Net assets without donor restrictionsStart of year $624,686$720,443
X-32 Total net assets or fund balancesStart of year $624,686$720,443
X-33 Total liabilities and net assetsStart of year $661,132$743,629
Part XI · Reconciliation of net assets $720,443 net assets at year end
XI-1 Total revenue$552,635
XI-2 Total expenses$456,878
XI-3 Revenue less expenses$95,757
XI-4 Net assets at start of year$624,686
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$720,443

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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