Civic Intelligence

I-70 Regional Economic Advancement Partnership

EIN 20-4130147 • 501(c)6 • Strasburg, CO

Profile

Our mission is to stimulate private investment in the region to increase opportunities for employment, to expand the tax base, to broaden the economy, and to generally improve the quality of life for our citizens.

PO Box 711Strasburg, CO 80136

i-70reap.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.02x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.02x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

34th percentile

-8.3%

Higher net margin than 34% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

90th percentile

$55,972

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 65.3% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-7.3%

Faster asset growth than 40% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$82,480

Down $6,521 (-7.3%) from 2023

Liabilities

Up

$1,431

Up $479 (+50%) from 2023

Net Assets

$81,049

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue63rd percentileNet Margin34th percentile

Revenue

Up

$85,711

Up $17,584 (+26%) from 2023

Expenses

Up

$92,811

Up $8,474 (+10%) from 2023

Net Income

Up

-$7,100

Up $9,110 (+56%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $58,896Liabilities 2011: $02011Assets 2012: $60,842Liabilities 2012: $02012Assets 2013: $54,577Liabilities 2013: $02013Assets 2014: $79,000Liabilities 2014: $8232014Assets 2015: $56,829Liabilities 2015: $02015Assets 2016: $58,406Liabilities 2016: $02016Assets 2017: $60,078Liabilities 2017: $02017Assets 2018: $68,104Liabilities 2018: $02018Assets 2019: $67,302Liabilities 2019: $02019Assets 2020: $86,338Liabilities 2020: $02020Assets 2021: $106,132Liabilities 2021: $1,003Net Assets 2021: $105,1292021Assets 2022: $105,935Liabilities 2022: $1,6762022Assets 2023: $89,001Liabilities 2023: $9522023Assets 2024: $82,480Liabilities 2024: $1,431Net Assets 2024: $81,0492024

Highlighted filing

2024

Assets$82,480
Liabilities$1,431
Net Assets$81,049
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $55,873Expenses 2011: $60,270Net Income 2011: -$4,3972011Revenue 2012: $59,881Expenses 2012: $57,935Net Income 2012: $1,9462012Revenue 2013: $54,396Expenses 2013: $60,661Net Income 2013: -$6,2652013Revenue 2014: $81,865Expenses 2014: $58,265Net Income 2014: $23,6002014Revenue 2015: $85,264Expenses 2015: $106,612Net Income 2015: -$21,3482015Revenue 2016: $106,086Expenses 2016: $104,509Net Income 2016: $1,5772016Revenue 2017: $69,931Expenses 2017: $68,259Net Income 2017: $1,6722017Revenue 2018: $74,110Expenses 2018: $66,084Net Income 2018: $8,0262018Revenue 2019: $72,538Expenses 2019: $72,735Net Income 2019: -$1972019Revenue 2020: $73,736Expenses 2020: $54,870Net Income 2020: $18,8662020Revenue 2021: $70,050Expenses 2021: $50,880Net Income 2021: $19,1702021Revenue 2022: $64,443Expenses 2022: $65,313Net Income 2022: -$8702022Revenue 2023: $68,127Expenses 2023: $84,337Net Income 2023: -$16,2102023Revenue 2024: $85,711Expenses 2024: $92,811Net Income 2024: -$7,1002024

Highlighted filing

2024

Revenue$85,711
Expenses$92,811
Net Income-$7,100
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,480
Liabilities
$1,431
Net assets
$81,049
Revenue
$85,711
Expenses
$92,811
Net income
-$7,100
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.82$0.01$0.81$0.86$0.93$0.07
2023Summary only. Only limited summary data is available for this year.$0.89$0.01$0.68$0.84$0.16
2022Summary only. Only limited summary data is available for this year.$1.06$0.02$0.64$0.65$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.05$0.70$0.51$0.19
2020Summary only. Only limited summary data is available for this year.$0.86$0.00$0.74$0.55$0.19
2019Summary only. Only limited summary data is available for this year.$0.67$0.00$0.73$0.73$0.00
2018Summary only. Only limited summary data is available for this year.$0.68$0.00$0.74$0.66$0.08
2017Summary only. Only limited summary data is available for this year.$0.60$0.00$0.70$0.68$0.02
2016Summary only. Only limited summary data is available for this year.$0.58$0.00$1.06$1.05$0.02
2015Summary only. Only limited summary data is available for this year.$0.57$0.00$0.85$1.07$0.21
2014Summary only. Only limited summary data is available for this year.$0.79$0.01$0.82$0.58$0.24
2013Summary only. Only limited summary data is available for this year.$0.55$0.00$0.54$0.61$0.06
2012Summary only. Only limited summary data is available for this year.$0.61$0.00$0.60$0.58$0.02
2011Summary only. Only limited summary data is available for this year.$0.59$0.00$0.56$0.60$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.0
Gross Receipts
$85,711
Mission and Program Overview

Mission

Our mission is to stimulate private investment in the region to increase opportunities for employment, to expand the tax base, to broaden the economy, and to generally improve the quality of life for our citizens.

Program Services

DescriptionGrantsExpenses
MONTHLY EDUCATIONAL MEETINGS ARE HELD THROUGH MOST OF THE YEAR.--
WE PARTNER WITH OTHER ORGANIZATIONS AND REGIONAL GOVERNMENTS IN PLANNING FOR BALANCED GROWTH AND SUSTAINABLE QUALITY OF LIFE ALONG THE I-70 CORRIDOR FROM AURORA TO DEER TRAIL.--
WE PARTNER WITH RURAL SCHOOLS AND JOB CENTERS TO FOSTER EARLY WORKFORCE DEVELOPMENT.--
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LOUIS X CHEROUTESExecutive DiPT$55,972-$55,972
KIRK HOLWELLBoard Chair-$0--
MARK HARDINGChair Elect-$0--
WIL CHASEChair Emerit-$0--
JACK KEVERChair Emerit-$0--
KEVIN HOUGANSecretary-$0--
IVY CRAIGTreasurer-$0--
BECKY ZIEREROfficer At L-$0--
GARY MAYOfficer At L-$0--
Filing and Contact Details

Filer

Filer Name
I-70 Regional Economic Advancement
EIN
20-4130147
Phone
7205877501
Address
PO BOX 711, STRASBURG, CO 80136

Signing Officer

Name
Louis X Cheroutes
Title
Executive Director
Phone
7205877501
Signed
2025-06-24
Discuss with paid preparer
Yes

Preparer

Firm
Grothe Financial Services Pc
Address
690 E COLFAX AVE, BENNETT, CO 80102-8812
Preparer
Lance Grothe CPA
Phone
3036444600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising & marketing 800 website management 3,703 office & admin expenses 1,099 travel expenses 2,375 memberships & dues 1,678 total 9,655”

Form 990-ez, Part I, Line 20

“PRIOR PERIOD ADJMT 100”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 952 1,431”

Form 990-ez, Part III

“Our mission is to stimulate private investment in the region to increase opportunities for employment, to expand the tax base, to broaden the economy, and to generally improve the quality of life for our citizens.”

Raw XML Appendix129 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt088049
IRS990EZ/NetAssetsOrFundBalancesEOYAmt081049
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIR EMERIT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHAIR EMERIT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TREASURER
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PrintingPublicationsPostageAmt0712
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IRS990EZ/TotalRevenueAmt085711
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0I-70REAP.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & MARKETING 800 WEBSITE MANAGEMENT 3,703 OFFICE & ADMIN EXPENSES 1,099 TRAVEL EXPENSES 2,375 MEMBERSHIPS & DUES 1,678 TOTAL 9,655
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LANCE GROTHE CPA
ReturnHeader/ReturnTs02025-06-25T15:03:30-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • <$500k nonprofits