Civic Intelligence

Lake County Economic Development Corporation

990EZ • Fiscal year 2017 • EIN 30-0756681

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 25, 2018

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

48th percentile

0.00x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.00x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

78th percentile

15%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$44,110

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 30.1% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

70th percentile

14%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-9.2%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$183,873

Up $22,143 (+14%) from 2016

Net Assets

Up

$183,633

Up $21,903 (+14%) from 2016

Liabilities

$240

No earlier filing loaded for comparison.

Revenue

Down

$146,480

Down $14,780 (-9.2%) from 2016

Expenses

Down

$124,577

Down $40,414 (-24%) from 2016

Net Income

Up

$21,903

Up $25,634 (+687%) from 2016

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 2017: $183,873Liabilities 2017: $240Net Assets 2017: $183,6332017Assets 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

2017

Assets$183,873
Liabilities$240
Net Assets$183,633

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 2017: $146,480Expenses 2017: $124,577Net Income 2017: $21,9032017Revenue 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

2017

Revenue$146,480
Expenses$124,577
Net Income$21,903
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 25, 2018
Return Version
2017v2.3
Gross Receipts
$146,480
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
MIKE BORDOGNAExecutive DiFT$44,110-$44,110
TYRONE RIMBERTDirector-$0--
SARAH MUDGEDirector/Vic-$0--
DAVE HORNINGDirector-$0--
GARY CAMPBELLDirector-$0--
HEATHER LINDHDirector-$0--
GREG LABBEDirector-$0--
DONNA CHILDRESSDirector-$0--
NELL WAREHAMDirector-$0--
CRAIG STULLERDirector/Tre-$0--
JASON HALLDirector/Sec-$0--
JEFF MCGUINNESSDirector-$0--
KEITH MOFFETTDirector/Pre-$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
Keith Moffett
Title
Director/pres
Phone
7192932316
Signed
2018-06-25
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 16

Expenses office expense 402 advertising and promotion 733 software and payroll proc 134 travel/conferences 1,947 fees 1,010 insurance 2,124 supplies 296 business attrac/expan/ret 3,878 dues education and semina 2,536 annual meeting/retreat 1,165 main street program 10,000 broadband project 5,000 main street planters 5,055 main street banners 1,617 industrial park project 3,600 total 39,497

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 240

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 Appendix161 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/ExplanationTxt0EXPENSES OFFICE EXPENSE 402 ADVERTISING AND PROMOTION 733 SOFTWARE AND PAYROLL PROC 134 TRAVEL/CONFERENCES 1,947 FEES 1,010 INSURANCE 2,124 SUPPLIES 296 BUSINESS ATTRAC/EXPAN/RET 3,878 DUES EDUCATION AND SEMINA 2,536 ANNUAL MEETING/RETREAT 1,165 MAIN STREET PROGRAM 10,000 BROADBAND PROJECT 5,000 MAIN STREET PLANTERS 5,055 MAIN STREET BANNERS 1,617 INDUSTRIAL PARK PROJECT 3,600 TOTAL 39,497
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 240
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MISSION IS TO PROMOTE BUSINESS AND STIMULATE ALL FORMS OF ECONOMIC DEVELOPMENT IN THE TOWN OF LEADVILLE AND LAKE COUNTY, COLORADO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ECONOMIC DEVELOPMENT OF LEADVILLE AND LAKE COUNTY COLORADO
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
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ReturnHeader/ReturnTs02018-07-12T14:22:11-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings