Economic Development for Central Oregon INC FY2024 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

Lead the diversification of Central oregon's economy through marketing, targeted recruitment, business expansion, formation of effective public/private partnerships and venture coaching for early stage companies.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$242K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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
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 $23K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$242K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$140K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 39 voting members
Looks good: 39 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+3% vs prior year
Spent
$1.7M
To programs
0%
Net assets
$544K
By yearFY2020–FY2025
Revenue
$1.7M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.8M
FY2023$1.7M
FY2024$1.7M
FY2025$2.0M
Expenses
$1.7M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$1.5M
FY2023$1.8M
FY2024$1.7M
FY2025$2.0M
Net assets
$544K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$454K
FY2021$409K
FY2022$620K
FY2023$514K
FY2024$544K
FY2025$569K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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 Nov 1981.

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

Who runs it and what they're paid

46 people listed on the 990; $242K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$133,388Pt VII · Sec A
$108,440Pt VII · Sec A
President
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Roger Lee———$138,046$119,132$114,729
Jon Stark$137,569$133,388$128,053$98,272——
Erin Chaiet$113,885$108,440$106,107———
Steve Curley$111,818—————

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 Economic Development for Central Oregon INC executive salaries →

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

Diversifies Central Oregon's economy by marketing, recruiting, expanding businesses, and coaching startups.

Questions for Economic Development for Central Oregon INC

Tap to ask. Economic Development for Central Oregon INC sees how many people are interested.

Your first name shows with your question. Economic Development for Central Oregon INC answers here, for everyone.

1 program · in their own filed words · FY2023
01

To market, research and recruit business opportunities in central oregon and offer venture coaching for early stage companies.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$311K
Other incomeLn 4–11$93K
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$544K
net assets · Ln 32
Cash and savingsLn 1–2$619K
Total assetsLn 16$684K
LiabilitiesLn 26$140K
PeoplePt VI, VII
46
listed · VII A
PaidVII A2
Voting boardVI 1a39
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$569K
Fees for servicesLn 2g$311K
Investment incomeLn 3$13K
Other incomeLn 4–11$93K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$533K
Cash and savings togetherLn 1–2$619K
Accounts receivableLn 4$65K
Total assetsLn 16$684K
LiabilitiesLn 26$140K
Net assetsLn 32$544K
OperationsPt I, VI
EmployeesI 514
VolunteersI 6100
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 FY24End FY24
Cash and savingsLn 1–2$402K$619K
Total assetsLn 16$608K$684K
LiabilitiesLn 26$95K$140K
Net assetsLn 32$514K$544K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$172K
Other salaries and wagesLn 7$962K
Pension plan contributionsLn 8$25K
Other employee benefitsLn 9$55K
Payroll taxesLn 10$89K
Legal feesLn 11b$1K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$4K
Advertising and promotionLn 12$10K
Office expensesLn 13$14K
OccupancyLn 16$75K
TravelLn 17$20K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$271K
All other expensesLn 24e$12K
Total functional expensesLn 25$1.7M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 12, 2026 $2.0M$2.0M$25K$569K 990 PDF
FY2024 ViewingFiled with the IRS May 13, 2025 $1.7M$1.7M$30K$544K 990 PDF
FY2023Filed with the IRS May 15, 2024 $1.7M$1.8M−$93K$514K 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.8M$1.5M$210K$620K 990 PDF
FY2021Filed with the IRS May 16, 2022 $1.5M$1.6M−$45K$409K 990 PDF
FY2020Filed with the IRS May 14, 2021 $1.5M$1.5M$8K$454K 990 PDF

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 $1,749,536 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,424,356$1,331,888
I-9 Program service revenuePrior year $216,441$310,987
I-10 Investment incomePrior year $4,037$13,225
I-11 Other revenuePrior year $51,420$93,436
I-12 Total revenuePrior year $1,696,254$1,749,536
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,369,358$1,303,012
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $420,069$416,205
I-18 Total expensesPrior year $1,789,427$1,719,217
I-19 Revenue less expensesPrior year −$93,173$30,319
Part VI · Governance 39 of 39 board members independent, 3 to look at
VI-1a Voting members of the governing body39
VI-1b Independent voting members39
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,749,536 across 10 lines filed
VIII-1b Membership dues$334,589
VIII-1e Government grants$569,397
VIII-1f All other contributions, gifts and grants$427,902
VIII-1h Total contributions, gifts and grants$1,331,888
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $310,987$310,987
VIII-3 Investment incomeExcluded from tax $13,225$13,225
VIII-6 Net rental income or lossExcluded from tax $9,500$9,500
VIII-8 Net income from fundraising events$56,544
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $27,392$27,392
VIII-12 Total revenueRelated to mission $310,987 · Excluded from tax $50,117$1,749,536
Part IX · Statement of functional expenses $1,719,217 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$172,385
IX-7 Other salaries and wages$961,749
IX-8 Pension plan contributions$24,752
IX-9 Other employee benefits$54,842
IX-10 Payroll taxes$89,284
IX-11b Legal fees$1,003
IX-11c Accounting fees$4,695
IX-11g Other fees for services$3,799
IX-12 Advertising and promotion$9,551
IX-13 Office expenses$14,059
IX-16 Occupancy$75,102
IX-17 Travel$20,057
IX-23 Insurance$5,449
IX-24 Other expenses (24a–d)$270,745
IX-24e All other expenses$11,745
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,719,217
Part X · Balance sheet $683,852 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $64,102$85,762
X-2 Savings and temporary cash investmentsStart of year $338,368$532,945
X-4 Accounts receivableStart of year $179,329$65,145
X-16 Total assetsStart of year $608,355$683,852
X-17 Accounts payable and accrued expensesStart of year $74,952$85,092
X-25 Other liabilities$54,813
X-26 Total liabilitiesStart of year $94,727$139,905
X-27 Net assets without donor restrictionsStart of year $513,628$543,947
X-32 Total net assets or fund balancesStart of year $513,628$543,947
X-33 Total liabilities and net assetsStart of year $608,355$683,852
Part XI · Reconciliation of net assets $543,947 net assets at year end
XI-1 Total revenue$1,749,536
XI-2 Total expenses$1,719,217
XI-3 Revenue less expenses$30,319
XI-4 Net assets at start of year$513,628
XI-10 Net assets at end of year$543,947

Form 990 e-file (XML) FY2024 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.

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.