Civic Intelligence

Lake County Economic Development Corporation

990EZ • Fiscal year 2016 • EIN 30-0756681

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 10, 2017

PO Box 1503Leadville, CO 80461

(719) 293-2316

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

36th percentile

-2.3%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

94th percentile

$81,437

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 50.5% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

37th percentile

-3.2%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-24%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$161,730

Down $5,291 (-3.2%) from 2015

Net Assets

Down

$161,730

Down $3,731 (-2.3%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$161,260

Down $51,097 (-24%) from 2015

Expenses

Down

$164,991

Down $2,482 (-1.5%) from 2015

Net Income

Down

-$3,731

Down $48,615 (-108%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $134,638Liabilities 2014: $14,061Net Assets 2014: $120,5772014Assets 2015: $167,021Liabilities 2015: $1,560Net Assets 2015: $165,4612015Assets 2016: $161,730Net Assets 2016: $161,7302016Assets 2018: $190,358Net Assets 2018: $190,3582018Assets 2019: $210,785Liabilities 2019: $1,149Net Assets 2019: $209,6362019Assets 2020: $228,957Liabilities 2020: $2,318Net Assets 2020: $226,6392020Assets 2021: $264,727Liabilities 2021: $34,158Net Assets 2021: $230,5692021Assets 2022: $296,801Liabilities 2022: $7,480Net Assets 2022: $289,3212022Assets 2024: $244,371Net Assets 2024: $244,3712024

Highlighted filing

2016

Assets$161,730
Liabilities-
Net Assets$161,730

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $122,525Expenses 2014: $122,831Net Income 2014: -$3062014Revenue 2015: $212,357Expenses 2015: $167,473Net Income 2015: $44,8842015Revenue 2016: $161,260Expenses 2016: $164,991Net Income 2016: -$3,7312016Revenue 2018: $132,375Expenses 2018: $125,650Net Income 2018: $6,7252018Revenue 2019: $109,764Expenses 2019: $90,486Net Income 2019: $19,2782019Revenue 2020: $262,352Expenses 2020: $245,349Net Income 2020: $17,0032020Revenue 2021: $285,892Expenses 2021: $281,962Net Income 2021: $3,9302021Revenue 2022: $288,482Expenses 2022: $229,730Net Income 2022: $58,7522022Revenue 2024: $148,742Expenses 2024: $103,906Net Income 2024: $44,8362024

Highlighted filing

2016

Revenue$161,260
Expenses$164,991
Net Income-$3,731
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 10, 2017
Return Version
2016v3.0
Gross Receipts
$161,260
Mission and Program Overview

Mission

The organization's mission is to promote business and stimulate all forms of economic development in the town of leadville and lake county, colorado.

Program Services

DescriptionGrantsExpenses
PROMOTION OF BUSINESS AND ECONOMIC STIMULATION OF LEADVILLE AND LAKE COUNTY'S ECONOMY--
ECONOMIC DEVELOPMENT OF LEADVILLE AND LAKE COUNTY COLORADO--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICOLE J THOMPSONExecutive DiFT$75,584$5,853$81,437
CINDY ALLGOODDirector/Sec-$0--
MIKE BORDOGNADirector/Vic-$0--
DAVE HORNINGDirector-$0--
TARA HOSICKDirector-$0--
HEATHER LINDHDirector/Pre-$0--
GREG LABBEDirector-$0--
STEPHANIE SPONGDirector-$0--
LINDSEY PARLINDirector-$0--
CRAIG STULLERDirector/Tre-$0--
JASON HALLDirector-$0--
JEFF MCGUINNESSDirector-$0--
KEITH MOFFETTDirector-$0--
MARY SCHROEDERDirector-$0--
RACHEL POKRANDTDirector-$0--
TRACY PURDYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Lake County Economic Development
EIN
30-0756681
Phone
7192932316
Address
PO BOX 1503, LEADVILLE, CO 80461

Signing Officer

Name
Heather Lindh
Title
Director/pres
Phone
7192932316
Signed
2017-08-10
Discuss with paid preparer
Yes

Preparer

Firm
Kenneth L Olsen CPA Pc
Address
P O BOX 912, LEADVILLE, CO 80461
Preparer
Kenneth L Olsen CPA
Phone
7194860268
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Tabor opera house foundation 01/22/2016 tabor opera house foundation 308 harrison avenue 5,900 0 308 harrison avenue 0 leadville, co 80461

Form 990-ez, Part I, Line 16

Expenses office expense 199 advertising and promotion 1,004 software and payroll proc 63 travel/conferences 5,161 fees 471 insurance 4,487 supplies 829 business attrac/expan/ret 3,738 dues education and semina 5,116 annual meeting/retreat 1,893 main street program 10,500 downtown mural project 1,500 main street planters 6,934 strategy plan 497 total 42,392

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,560 0

Form 990-ez, Part III

The organization's mission is to promote business and stimulate all forms of economic development in the town of leadville and lake county, colorado.

Form 990-ez, Part III, Line 31

Economic development of leadville and lake county colorado

Raw XML Appendix167 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TABOR OPERA HOUSE FOUNDATION 01/22/2016 TABOR OPERA HOUSE FOUNDATION 308 HARRISON AVENUE 5,900 0 308 HARRISON AVENUE 0 LEADVILLE, CO 80461
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXPENSE 199 ADVERTISING AND PROMOTION 1,004 SOFTWARE AND PAYROLL PROC 63 TRAVEL/CONFERENCES 5,161 FEES 471 INSURANCE 4,487 SUPPLIES 829 BUSINESS ATTRAC/EXPAN/RET 3,738 DUES EDUCATION AND SEMINA 5,116 ANNUAL MEETING/RETREAT 1,893 MAIN STREET PROGRAM 10,500 DOWNTOWN MURAL PROJECT 1,500 MAIN STREET PLANTERS 6,934 STRATEGY PLAN 497 TOTAL 42,392
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,560 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S MISSION IS TO PROMOTE BUSINESS AND STIMULATE ALL FORMS OF ECONOMIC DEVELOPMENT IN THE TOWN OF LEADVILLE AND LAKE COUNTY, COLORADO.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)6 • <$500k nonprofits