Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
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
25 people listed on the 990; $94K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| John Pascone | $99,800 | $98,400 | $98,400 | $94,000 | $94,000 | $94,000 |
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.
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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
Fosters a healthy economy in the Linn County area by assisting businesses, attracting new industries, and supporting regional programs.
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To develop property and secure funding from oregon department of transportation for development of a mid-valley intermodal facility on the property by the linn economic development group.
To foster a healthy and viable economy in the albany-millersburg area.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $17K | $10K |
| Land, buildings, equipmentLn 10c | $9.2M | $9.2M |
| Total assetsLn 16 | $15.5M | $9.2M |
| LiabilitiesLn 26 | $3K | $3K |
| Net assetsLn 32 | $15.5M | $9.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $26.8M | $26.8M | ||
| Pay of current officers, directors and key staffLn 5 | $94K | $94K | ||
| Other employee benefitsLn 9 | $226 | $226 | ||
| Payroll taxesLn 10 | $8K | $8K | ||
| Legal feesLn 11b | $100 | $100 | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Advertising and promotionLn 12 | $100 | $100 | ||
| Office expensesLn 13 | $659 | $659 | ||
| OccupancyLn 16 | $5K | $5K | ||
| TravelLn 17 | $428 | $428 | ||
| Conferences, conventions and meetingsLn 19 | $862 | $862 | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $4K | $4K | ||
| Total functional expensesLn 25 | $27.0M | $27.0M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $129K | $125K | $4K | $26K | 990 PDF |
| FY2024 | $511K | $501K | $10K | $22K | 990 PDF |
| FY2023 | $2.0M | $11.1M | −$9.2M | $11K | 990 PDF |
| FY2022 Viewing | $20.6M | $27.0M | −$6.4M | $9.2M | 990 PDF |
| FY2021 | $14.9M | $114K | $14.8M | $15.5M | 990 PDF |
| FY2020 | $141K | $817K | −$676K | $717K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $20,595,784 across 6 lines filed
Part IX · Statement of functional expenses $26,960,430 across 13 lines filed
Part X · Balance sheet $9,176,697 assets, 10 lines filed
Part XI · Reconciliation of net assets $9,174,169 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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