Civic Intelligence

Lake County Economic Development Corporation

990EZ • Fiscal year 2019 • EIN 30-0756681

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 10, 2020

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

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.01x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

80th percentile

18%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$39,125

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 35.6% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$210,785

Up $20,427 (+11%) from 2018

Net Assets

Up

$209,636

Up $19,278 (+10%) from 2018

Liabilities

$1,149

No earlier filing loaded for comparison.

Revenue

Down

$109,764

Down $22,611 (-17%) from 2018

Expenses

Down

$90,486

Down $35,164 (-28%) from 2018

Net Income

Up

$19,278

Up $12,553 (+187%) from 2018

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

2019

Assets$210,785
Liabilities$1,149
Net Assets$209,636

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

2019

Revenue$109,764
Expenses$90,486
Net Income$19,278
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 10, 2020
Return Version
2019v5.0
Gross Receipts
$109,764
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$39,125-$39,125
TYRONE RIMBERTDirector-$0--
JOHN WELLSDirector/Pre-$0--
KAYLA MARCELLADirector-$0--
BOB DEISTERDirector-$0--
HEATHER LINDHDirector-$0--
GREG LABBEDirector-$0--
DONNA CHILDRESSDirector-$0--
NELL WAREHAMDirector-$0--
CRAIG STULLERDirector/Tre-$0--
JASON HALLDirector/Sec-$0--
DONNA CHILDRESSDirector-$0--
KEITH MOFFETTDirector/Vic-$0--
MARY SCHROEDERDirector-$0--
RACHEL POKRANDTDirector-$0--
TRACY PURDYDirector-$0--
MARK SABANTINIDirector-$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
John Wells
Title
Director/pres
Phone
7192932316
Signed
2020-04-10
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 16

Expenses office expense 1,900 advertising and promotion 247 software and payroll proc 33 travel/conferences 617 fees 1,000 insurance 953 business attrac/expan/ret 887 dues education and semina 1,452 annual meeting/retreat 410 total 7,499

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,149

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

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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 1,900 ADVERTISING AND PROMOTION 247 SOFTWARE AND PAYROLL PROC 33 TRAVEL/CONFERENCES 617 FEES 1,000 INSURANCE 953 BUSINESS ATTRAC/EXPAN/RET 887 DUES EDUCATION AND SEMINA 1,452 ANNUAL MEETING/RETREAT 410 TOTAL 7,499
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,149
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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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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. 2019 filings • 501(c)6 • <$500k nonprofits