Civic Intelligence

Greater Gallup Economic Development Corporation

990 • Fiscal year 2023 • EIN 45-4733224

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 25, 2023

PO Box 1795Gallup, NM 87305

(505) 722-2980

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

24th percentile

0.04x

Higher debt load relative to revenue than 24% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$139,156

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

2023 filings • NTEE S • $1M-$5M nonprofits • Source year 2023

Asset Growth

39th percentile

-0.9%

Faster asset growth than 39% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-35%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,885,337

Down $16,684 (-0.9%) from 2022

Net Assets

Down

$1,864,743

Down $17,261 (-0.9%) from 2022

Liabilities

Up

$20,594

Up $577 (+2.9%) from 2022

Revenue

Down

$556,145

Down $296,240 (-35%) from 2022

Expenses

Down

$625,000

Down $71,435 (-10%) from 2022

Net Income

Down

-$68,855

Down $224,805 (-144%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $14,549Liabilities 2012: $14,111Net Assets 2012: $4382012Assets 2013: $45,874Liabilities 2013: $12,358Net Assets 2013: $33,5162013Assets 2014: $102,959Liabilities 2014: $1,918Net Assets 2014: $101,0412014Assets 2015: $161,355Liabilities 2015: $2,605Net Assets 2015: $158,7502015Assets 2016: $206,982Liabilities 2016: $7,031Net Assets 2016: $199,9512016Assets 2017: $209,879Liabilities 2017: $5,695Net Assets 2017: $204,1842017Assets 2018: $220,552Liabilities 2018: $8,185Net Assets 2018: $212,3672018Assets 2019: $243,051Liabilities 2019: $29,910Net Assets 2019: $213,1412019Assets 2020: $473,104Liabilities 2020: $70,800Net Assets 2020: $402,3042020Assets 2021: $1,803,603Liabilities 2021: $12,713Net Assets 2021: $1,790,8902021Assets 2022: $1,902,021Liabilities 2022: $20,017Net Assets 2022: $1,882,0042022Assets 2023: $1,885,337Liabilities 2023: $20,594Net Assets 2023: $1,864,7432023Assets 2024: $1,935,486Liabilities 2024: $57,655Net Assets 2024: $1,877,8312024Assets 2025: $1,914,795Liabilities 2025: $42,141Net Assets 2025: $1,872,6542025

Highlighted filing

2023

Assets$1,885,337
Liabilities$20,594
Net Assets$1,864,743

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $64,000Expenses 2012: $63,562Net Income 2012: $4382012Revenue 2013: $261,000Expenses 2013: $225,915Net Income 2013: $35,0852013Revenue 2014: $287,502Expenses 2014: $220,672Net Income 2014: $66,8302014Revenue 2015: $308,914Expenses 2015: $251,205Net Income 2015: $57,7092015Revenue 2016: $308,763Expenses 2016: $267,562Net Income 2016: $41,2012016Revenue 2017: $304,825Expenses 2017: $300,592Net Income 2017: $4,2332017Revenue 2018: $302,042Expenses 2018: $293,859Net Income 2018: $8,1832018Revenue 2019: $325,040Expenses 2019: $324,266Net Income 2019: $7742019Revenue 2020: $714,091Expenses 2020: $524,928Net Income 2020: $189,1632020Revenue 2021: $1,881,442Expenses 2021: $492,856Net Income 2021: $1,388,5862021Revenue 2022: $852,385Expenses 2022: $696,435Net Income 2022: $155,9502022Revenue 2023: $556,145Expenses 2023: $625,000Net Income 2023: -$68,8552023Revenue 2024: $571,230Expenses 2024: $650,186Net Income 2024: -$78,9562024Revenue 2025: $582,025Expenses 2025: $682,004Net Income 2025: -$99,9792025

Highlighted filing

2023

Revenue$556,145
Expenses$625,000
Net Income-$68,855
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 25, 2023
Return Version
2022v5.0
Gross Receipts
$556,145
Mission and Program Overview

Mission

To drive economic growth through building on local assets and strategic partnering to target attraction and recruitment of business and industrial employers that provide economic-base jobs in the gallup-mckinley county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$540,694$592,288▲ $51,594
Cash and Non-Interest-Bearing Accounts$363,284$518,948▲ $155,664
Land, Buildings, and Equipment, Net$6,638$4,578▼ $2,060
Accounts Receivable$235,586$3,025▼ $232,561
Prepaid Expenses and Deferred Charges$1,607$1,607→ $0
Total Assets$1,902,021$1,885,337▼ $16,684
Other Assets Total$754,212$764,891▲ $10,679
Liabilities
Other Liabilities$12,526$12,259▼ $267
Accounts Payable and Accrued Expenses$7,491$8,335▲ $844
Total Liabilities$20,017$20,594▲ $577
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,882,004$1,864,743▼ $17,261
Total Net Assets Fund Balance$1,882,004$1,864,743▼ $17,261
Total Liabilities and Net Assets / Fund Balance$1,902,021$1,885,337▼ $16,684

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,020$12,248$14,268
Equipment$2,558$778$3,336
Other Assets Org$764,891--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patricia LundstromExecutive DiFT$139,156$139,156

Board Members and Trustees

NameTitle
Tommy HawsPresident
Kevin TairaDirector
Tony TannerDirector
Yogash KumarDirector
Kent WilsonSecretary
Joe MesichTreasurer
Rick MurphyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$543,918
Program Service Revenue
$0
Investment Income
$11,079
Other Revenue
$1,148
All Other Contributions
$37,365
Change in Net Assets
$-68,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$556,145
Revenue Not Reported on Form 990
$51,594
Total Revenue per Audited Statements
$607,739
Total Revenue per Form 990
$556,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$332,316
Other Expenses$292,684
Total Fundraising Expense$13,102
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,805$9,719$2,430$154,954
Current Officers, Directors, Trustees, and Key Employees$69,578$62,620$6,958$139,156
Fees for Services Other$122,541--$122,541
Travel$28,141$9,585$1,245$38,971
Conferences and Meetings$35,826--$35,826
Advertising$28,396--$28,396
Payroll Taxes$16,711$5,692$738$23,141
Occupancy$16,530$3,483$402$20,415
Office Expenses$9,244$10,738$408$20,390
Other Employee Benefits$10,879$3,705$481$15,065
Fees for Services Accounting-$9,656-$9,656
Information Technology$6,034$2,055$267$8,356
Insurance$3,930$1,339$173$5,442
Depreciation Depletion$1,853$207-$2,060
Other Expenses-$75-$75
Total Functional Expenses$492,468$119,430$13,102$625,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$625,000
Total Expenses per Audited Statements$625,000
Total Expenses per Form 990$625,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Wages$10,294
Payroll Tax Liability$1,878
Accrued Compensated Absences$87
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by management and members of the board prior to submission to the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Board members are required to report all potential and actual conflicts of interest. Steps are taken by the board and the affected member to mitigate the conflict at that time.

Form 990, Page 6, Part VI, Line 15A

Executive director and staff compensation is set during the annual budgeting process.

Form 990, Page 6, Part VI, Line 15B

Executive director and staff compensation is set during the annual budgeting process.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon written request.

Filing and Contact Details

Filer

Filer Name
Greater Gallup Economic Development
EIN
45-4733224
Phone
5057222980
Address
PO BOX 1795, GALLUP, NM 87305

Signing Officer

Name
Tommy Haws
Title
President
Phone
5057222980
Signed
2023-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tommy Haws
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
7
Employees
10

Preparer

Firm
Waters & Company LLC
Address
3311 CANDELARIA NE SUITE J, ALBUQUERQUE, NM 87107-1952
Preparer
Ollie D Waters
Phone
5052600616
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To drive economic growth through building on local assets and strategic partnering to target attraction and recruitment of business and industrial employers that provide economic-base jobs in the gallup-mckinley county area.

Form 990, Page 2, Part III, Line 4A

Ggedc accomplishments (june 30, 2022 to july 31, 2023)ggedc continued to coordinate and lead development efforts related to the development of a hydrogen economy and end-user businesses for the state of new mexico including northwest new mexico and the area around the escalante generating station known as the prewitt industrial park. Ggedc hosted an economic roundtable examining economic opportunities for the state of new mexico and the prewitt industrial park associated with the western inter-states hydrogen hub (wishh) proposal. Ggedc facilitated strategy sessions are examining infrastructure availability for the area in and around the prewitt industrial park and escalante generating station. Engagement with public and private stakeholders including economic development site selectors remains ongoing. Ggedc-led efforts have culminated in partners agreeing jointly to fund development of a master design for the prewitt industrial park. Ggedc in serving as project manager successfully implemented and closed out a 600,000 us eda planning grant intended to support efforts to establish a foreign trade zone / user fee airport in gallup, nm, including oversight of legal consultants, miller & co, who were tasked with formal application development. Efforts focused on application development including consultation with us customs and border protection (cbp) regarding facility requirements and identifying businesses in the community which rely on the imports and exports of materials and goods to generate sales and revenue. Community education included ggedc-hosted lunch and learn events, video presentations from miller & co., digital and print marketing, and direct business outreach. A successful us eda planning grant resulted in nmdot awarding 1m to the city of gallup to, among other deliverables, continue ftz/ufa efforts. Ggedc in serving as project manager successfully implemented and closed out a 600,000 us eda planning grant intended to support efforts to establish a mobility investment district in gallup-mckinley county consisting of an autonomous vehicle test track and hydrogen fueling stations, to support the deployment of carbonless, autonomous trucks to move freight from the seaports of california to the inland port of gallup, nm. Efforts focused on analysis of potential sites for development including review of utility and infrastructure capacity and availability to develop preliminary construction cost estimates. Partnership development included engagement with private, public, research, academic, and site selectors to build awareness and engagement. A successful us eda planning grant resulted in nmdot awarding 4m to mckinley county to continue development of the gallup mobility investment district. Ggedc in serving as project manager successfully implemented and closed out a 600,000 us eda planning grant intended to return air passenger service to the gallup municipal airport through development of a air market feasibility study and development of a preliminary engineering report for the gallup municipal airport terminal, to support ftz/ufa and gallup mobility investment district efforts. Efforts focused on analyzing new construction versus rehabilitation as well as reconfiguration of site plan to accommodate increased commercial passenger traffic and a presence from us customs and border protection (cbp). A successful us eda planning grant resulted in nmdot awarding 1m to the city of gallup to, among other deliverables, continue terminal design and engineering. Ggedc continued business attraction and recruitment efforts with attendance at the imts trade show with the nm partnership, tri-state g&ta, and mckinley county; dallas sales mission;. Promat trade show; chicago sales mission; breakbulk tradeshow;selectusa trade show; world hydrogen north america, and the global energy show. In addition, the ggedc successfully hosted a nm fam tour for economic development site selectors and received a leads grant from the nmedd to c

Form 990, Part IX, Line 11G

Professional services 122,541 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

Greater gallup economic development corporation annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the organization takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards codification. As of june 30, 2023, there were no uncertain tax positions noted. Greater gallup econoimic development corporation's policy is to classify tax penalties and interest, when applicable, according to their natural classification. Under the statue of limitations, greater gallup economic development corporation's tax returns are no longer subject to examination by tax authorities for years prior to 2020.

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IRS990/Desc0GGEDC ACCOMPLISHMENTS (JUNE 30, 2022 TO JULY 31, 2023)GGEDC CONTINUED TO COORDINATE AND LEAD DEVELOPMENT EFFORTS RELATED TO THE DEVELOPMENT OF A HYDROGEN ECONOMY AND END-USER BUSINESSES FOR THE STATE OF NEW MEXICO INCLUDING NORTHWEST NEW MEXICO AND THE AREA AROUND THE ESCALANTE GENERATING STATION KNOWN AS THE PREWITT INDUSTRIAL PARK. GGEDC HOSTED AN ECONOMIC ROUNDTABLE EXAMINING ECONOMIC OPPORTUNITIES FOR THE STATE OF NEW MEXICO AND THE PREWITT INDUSTRIAL PARK ASSOCIATED WITH THE WESTERN INTER-STATES HYDROGEN HUB (WISHH) PROPOSAL. GGEDC FACILITATED STRATEGY SESSIONS ARE EXAMINING INFRASTRUCTURE AVAILABILITY FOR THE AREA IN AND AROUND THE PREWITT INDUSTRIAL PARK AND ESCALANTE GENERATING STATION. ENGAGEMENT WITH PUBLIC AND PRIVATE STAKEHOLDERS INCLUDING ECONOMIC DEVELOPMENT SITE SELECTORS REMAINS ONGOING. GGEDC-LED EFFORTS HAVE CULMINATED IN PARTNERS AGREEING JOINTLY TO FUND DEVELOPMENT OF A MASTER DESIGN FOR THE PREWITT INDUSTRIAL PARK. GGEDC IN SERVING AS PROJECT MANAGER SUCCESSFULLY IMPLEMENTED AND CLOSED OUT A 600,000 US EDA PLANNING GRANT INTENDED TO SUPPORT EFFORTS TO ESTABLISH A FOREIGN TRADE ZONE / USER FEE AIRPORT IN GALLUP, NM, INCLUDING OVERSIGHT OF LEGAL CONSULTANTS, MILLER & CO, WHO WERE TASKED WITH FORMAL APPLICATION DEVELOPMENT. EFFORTS FOCUSED ON APPLICATION DEVELOPMENT INCLUDING CONSULTATION WITH US CUSTOMS AND BORDER PROTECTION (CBP) REGARDING FACILITY REQUIREMENTS AND IDENTIFYING BUSINESSES IN THE COMMUNITY WHICH RELY ON THE IMPORTS AND EXPORTS OF MATERIALS AND GOODS TO GENERATE SALES AND REVENUE. COMMUNITY EDUCATION INCLUDED GGEDC-HOSTED LUNCH AND LEARN EVENTS, VIDEO PRESENTATIONS FROM MILLER & CO., DIGITAL AND PRINT MARKETING, AND DIRECT BUSINESS OUTREACH. A SUCCESSFUL US EDA PLANNING GRANT RESULTED IN NMDOT AWARDING 1M TO THE CITY OF GALLUP TO, AMONG OTHER DELIVERABLES, CONTINUE FTZ/UFA EFFORTS. GGEDC IN SERVING AS PROJECT MANAGER SUCCESSFULLY IMPLEMENTED AND CLOSED OUT A 600,000 US EDA PLANNING GRANT INTENDED TO SUPPORT EFFORTS TO ESTABLISH A MOBILITY INVESTMENT DISTRICT IN GALLUP-MCKINLEY COUNTY CONSISTING OF AN AUTONOMOUS VEHICLE TEST TRACK AND HYDROGEN FUELING STATIONS, TO SUPPORT THE DEPLOYMENT OF CARBONLESS, AUTONOMOUS TRUCKS TO MOVE FREIGHT FROM THE SEAPORTS OF CALIFORNIA TO THE INLAND PORT OF GALLUP, NM. EFFORTS FOCUSED ON ANALYSIS OF POTENTIAL SITES FOR DEVELOPMENT INCLUDING REVIEW OF UTILITY AND INFRASTRUCTURE CAPACITY AND AVAILABILITY TO DEVELOP PRELIMINARY CONSTRUCTION COST ESTIMATES. PARTNERSHIP DEVELOPMENT INCLUDED ENGAGEMENT WITH PRIVATE, PUBLIC, RESEARCH, ACADEMIC, AND SITE SELECTORS TO BUILD AWARENESS AND ENGAGEMENT. A SUCCESSFUL US EDA PLANNING GRANT RESULTED IN NMDOT AWARDING 4M TO MCKINLEY COUNTY TO CONTINUE DEVELOPMENT OF THE GALLUP MOBILITY INVESTMENT DISTRICT. GGEDC IN SERVING AS PROJECT MANAGER SUCCESSFULLY IMPLEMENTED AND CLOSED OUT A 600,000 US EDA PLANNING GRANT INTENDED TO RETURN AIR PASSENGER SERVICE TO THE GALLUP MUNICIPAL AIRPORT THROUGH DEVELOPMENT OF A AIR MARKET FEASIBILITY STUDY AND DEVELOPMENT OF A PRELIMINARY ENGINEERING REPORT FOR THE GALLUP MUNICIPAL AIRPORT TERMINAL, TO SUPPORT FTZ/UFA AND GALLUP MOBILITY INVESTMENT DISTRICT EFFORTS. EFFORTS FOCUSED ON ANALYZING NEW CONSTRUCTION VERSUS REHABILITATION AS WELL AS RECONFIGURATION OF SITE PLAN TO ACCOMMODATE INCREASED COMMERCIAL PASSENGER TRAFFIC AND A PRESENCE FROM US CUSTOMS AND BORDER PROTECTION (CBP). A SUCCESSFUL US EDA PLANNING GRANT RESULTED IN NMDOT AWARDING 1M TO THE CITY OF GALLUP TO, AMONG OTHER DELIVERABLES, CONTINUE TERMINAL DESIGN AND ENGINEERING. GGEDC CONTINUED BUSINESS ATTRACTION AND RECRUITMENT EFFORTS WITH ATTENDANCE AT THE IMTS TRADE SHOW WITH THE NM PARTNERSHIP, TRI-STATE G&TA, AND MCKINLEY COUNTY; DALLAS SALES MISSION;. PROMAT TRADE SHOW; CHICAGO SALES MISSION; BREAKBULK TRADESHOW;SELECTUSA TRADE SHOW; WORLD HYDROGEN NORTH AMERICA, AND THE GLOBAL ENERGY SHOW. IN ADDITION, THE GGEDC SUCCESSFULLY HOSTED A NM FAM TOUR FOR ECONOMIC DEVELOPMENT SITE SELECTORS AND RECEIVED A LEADS GRANT FROM THE NMEDD TO C
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DESIGNATED CASH
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GREATER GALLUP ECONOMIC DEVELOPMENT CORPORATION ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. AS OF JUNE 30, 2023, THERE WERE NO UNCERTAIN TAX POSITIONS NOTED. GREATER GALLUP ECONOIMIC DEVELOPMENT CORPORATION'S POLICY IS TO CLASSIFY TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. UNDER THE STATUE OF LIMITATIONS, GREATER GALLUP ECONOMIC DEVELOPMENT CORPORATION'S TAX RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS PRIOR TO 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO DRIVE ECONOMIC GROWTH THROUGH BUILDING ON LOCAL ASSETS AND STRATEGIC PARTNERING TO TARGET ATTRACTION AND RECRUITMENT OF BUSINESS AND INDUSTRIAL EMPLOYERS THAT PROVIDE ECONOMIC-BASE JOBS IN THE GALLUP-MCKINLEY COUNTY AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GGEDC ACCOMPLISHMENTS (JUNE 30, 2022 TO JULY 31, 2023)GGEDC CONTINUED TO COORDINATE AND LEAD DEVELOPMENT EFFORTS RELATED TO THE DEVELOPMENT OF A HYDROGEN ECONOMY AND END-USER BUSINESSES FOR THE STATE OF NEW MEXICO INCLUDING NORTHWEST NEW MEXICO AND THE AREA AROUND THE ESCALANTE GENERATING STATION KNOWN AS THE PREWITT INDUSTRIAL PARK. GGEDC HOSTED AN ECONOMIC ROUNDTABLE EXAMINING ECONOMIC OPPORTUNITIES FOR THE STATE OF NEW MEXICO AND THE PREWITT INDUSTRIAL PARK ASSOCIATED WITH THE WESTERN INTER-STATES HYDROGEN HUB (WISHH) PROPOSAL. GGEDC FACILITATED STRATEGY SESSIONS ARE EXAMINING INFRASTRUCTURE AVAILABILITY FOR THE AREA IN AND AROUND THE PREWITT INDUSTRIAL PARK AND ESCALANTE GENERATING STATION. ENGAGEMENT WITH PUBLIC AND PRIVATE STAKEHOLDERS INCLUDING ECONOMIC DEVELOPMENT SITE SELECTORS REMAINS ONGOING. GGEDC-LED EFFORTS HAVE CULMINATED IN PARTNERS AGREEING JOINTLY TO FUND DEVELOPMENT OF A MASTER DESIGN FOR THE PREWITT INDUSTRIAL PARK. GGEDC IN SERVING AS PROJECT MANAGER SUCCESSFULLY IMPLEMENTED AND CLOSED OUT A 600,000 US EDA PLANNING GRANT INTENDED TO SUPPORT EFFORTS TO ESTABLISH A FOREIGN TRADE ZONE / USER FEE AIRPORT IN GALLUP, NM, INCLUDING OVERSIGHT OF LEGAL CONSULTANTS, MILLER & CO, WHO WERE TASKED WITH FORMAL APPLICATION DEVELOPMENT. EFFORTS FOCUSED ON APPLICATION DEVELOPMENT INCLUDING CONSULTATION WITH US CUSTOMS AND BORDER PROTECTION (CBP) REGARDING FACILITY REQUIREMENTS AND IDENTIFYING BUSINESSES IN THE COMMUNITY WHICH RELY ON THE IMPORTS AND EXPORTS OF MATERIALS AND GOODS TO GENERATE SALES AND REVENUE. COMMUNITY EDUCATION INCLUDED GGEDC-HOSTED LUNCH AND LEARN EVENTS, VIDEO PRESENTATIONS FROM MILLER & CO., DIGITAL AND PRINT MARKETING, AND DIRECT BUSINESS OUTREACH. A SUCCESSFUL US EDA PLANNING GRANT RESULTED IN NMDOT AWARDING 1M TO THE CITY OF GALLUP TO, AMONG OTHER DELIVERABLES, CONTINUE FTZ/UFA EFFORTS. GGEDC IN SERVING AS PROJECT MANAGER SUCCESSFULLY IMPLEMENTED AND CLOSED OUT A 600,000 US EDA PLANNING GRANT INTENDED TO SUPPORT EFFORTS TO ESTABLISH A MOBILITY INVESTMENT DISTRICT IN GALLUP-MCKINLEY COUNTY CONSISTING OF AN AUTONOMOUS VEHICLE TEST TRACK AND HYDROGEN FUELING STATIONS, TO SUPPORT THE DEPLOYMENT OF CARBONLESS, AUTONOMOUS TRUCKS TO MOVE FREIGHT FROM THE SEAPORTS OF CALIFORNIA TO THE INLAND PORT OF GALLUP, NM. EFFORTS FOCUSED ON ANALYSIS OF POTENTIAL SITES FOR DEVELOPMENT INCLUDING REVIEW OF UTILITY AND INFRASTRUCTURE CAPACITY AND AVAILABILITY TO DEVELOP PRELIMINARY CONSTRUCTION COST ESTIMATES. PARTNERSHIP DEVELOPMENT INCLUDED ENGAGEMENT WITH PRIVATE, PUBLIC, RESEARCH, ACADEMIC, AND SITE SELECTORS TO BUILD AWARENESS AND ENGAGEMENT. A SUCCESSFUL US EDA PLANNING GRANT RESULTED IN NMDOT AWARDING 4M TO MCKINLEY COUNTY TO CONTINUE DEVELOPMENT OF THE GALLUP MOBILITY INVESTMENT DISTRICT. GGEDC IN SERVING AS PROJECT MANAGER SUCCESSFULLY IMPLEMENTED AND CLOSED OUT A 600,000 US EDA PLANNING GRANT INTENDED TO RETURN AIR PASSENGER SERVICE TO THE GALLUP MUNICIPAL AIRPORT THROUGH DEVELOPMENT OF A AIR MARKET FEASIBILITY STUDY AND DEVELOPMENT OF A PRELIMINARY ENGINEERING REPORT FOR THE GALLUP MUNICIPAL AIRPORT TERMINAL, TO SUPPORT FTZ/UFA AND GALLUP MOBILITY INVESTMENT DISTRICT EFFORTS. EFFORTS FOCUSED ON ANALYZING NEW CONSTRUCTION VERSUS REHABILITATION AS WELL AS RECONFIGURATION OF SITE PLAN TO ACCOMMODATE INCREASED COMMERCIAL PASSENGER TRAFFIC AND A PRESENCE FROM US CUSTOMS AND BORDER PROTECTION (CBP). A SUCCESSFUL US EDA PLANNING GRANT RESULTED IN NMDOT AWARDING 1M TO THE CITY OF GALLUP TO, AMONG OTHER DELIVERABLES, CONTINUE TERMINAL DESIGN AND ENGINEERING. GGEDC CONTINUED BUSINESS ATTRACTION AND RECRUITMENT EFFORTS WITH ATTENDANCE AT THE IMTS TRADE SHOW WITH THE NM PARTNERSHIP, TRI-STATE G&TA, AND MCKINLEY COUNTY; DALLAS SALES MISSION;. PROMAT TRADE SHOW; CHICAGO SALES MISSION; BREAKBULK TRADESHOW;SELECTUSA TRADE SHOW; WORLD HYDROGEN NORTH AMERICA, AND THE GLOBAL ENERGY SHOW. IN ADDITION, THE GGEDC SUCCESSFULLY HOSTED A NM FAM TOUR FOR ECONOMIC DEVELOPMENT SITE SELECTORS AND RECEIVED A LEADS GRANT FROM THE NMEDD TO C
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY MANAGEMENT AND MEMBERS OF THE BOARD PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO REPORT ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST. STEPS ARE TAKEN BY THE BOARD AND THE AFFECTED MEMBER TO MITIGATE THE CONFLICT AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR AND STAFF COMPENSATION IS SET DURING THE ANNUAL BUDGETING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE DIRECTOR AND STAFF COMPENSATION IS SET DURING THE ANNUAL BUDGETING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL SERVICES 122,541 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990/USAddress/CityNm0GALLUP
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087305
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IRS990/WebsiteAddressTxt0WWW.GALLUPEDC.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOMMY HAWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05057222980
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREATER GALLUP ECONOMIC DEVELOPMENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.04$1.87$0.58$0.68$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.06$1.88$0.57$0.65$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.02$1.86$0.56$0.63$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.02$1.88$0.85$0.70$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.01$1.79$1.88$0.49$1.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.07$0.40$0.71$0.52$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.03$0.21$0.33$0.32$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.01$0.21$0.30$0.29$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.01$0.20$0.30$0.30$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.01$0.20$0.31$0.27$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.00$0.16$0.31$0.25$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.29$0.22$0.07
2013Summary only. Only limited summary data is available for this year.$0.05$0.01$0.03$0.26$0.23$0.04
2012Summary only. Only limited summary data is available for this year.$0.01$0.01$0.00$0.06$0.06$0.00