Civic Intelligence

Loveland Development Fund

990EZ • Fiscal year 2015 • EIN 46-2257572

Oct 01, 2014 to Sep 30, 2015 • Filed on Dec 02, 2015

421 East 4th StreetLoveland, CO 80537

(970) 203-6100

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 2015

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2015

Net Margin

80th percentile

17%

Higher net margin than 80% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

72nd percentile

15%

Faster asset growth than 72% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

9th percentile

-32%

Faster revenue growth than 9% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$97,832

Up $13,078 (+15%) from 2014

Net Assets

Up

$97,832

Up $13,078 (+15%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$77,500

Down $36,500 (-32%) from 2014

Expenses

Down

$64,422

Down $3,773 (-5.5%) from 2014

Net Income

Down

$13,078

Down $32,727 (-71%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $43,949Liabilities 2013: $5,0002013Assets 2014: $84,754Net Assets 2014: $84,7542014Assets 2015: $97,832Net Assets 2015: $97,8322015Assets 2016: $130,041Liabilities 2016: $77,225Net Assets 2016: $52,8162016Assets 2017: $68,495Liabilities 2017: $4,2262017Assets 2018: $90,724Liabilities 2018: $02018Assets 2019: $67,347Liabilities 2019: $02019Assets 2020: $63,529Liabilities 2020: $0Net Assets 2020: $63,5292020Assets 2021: $45,385Liabilities 2021: $0Net Assets 2021: $45,3852021Assets 2022: $27,311Liabilities 2022: $0Net Assets 2022: $27,3112022Assets 2023: $44,457Liabilities 2023: $02023

Highlighted filing

2015

Assets$97,832
Liabilities-
Net Assets$97,832

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $52,500Expenses 2013: $13,551Net Income 2013: $38,9492013Revenue 2014: $114,000Expenses 2014: $68,195Net Income 2014: $45,8052014Revenue 2015: $77,500Expenses 2015: $64,422Net Income 2015: $13,0782015Revenue 2016: $110,185Expenses 2016: $155,201Net Income 2016: -$45,0162016Revenue 2017: $43,500Expenses 2017: $32,047Net Income 2017: $11,4532017Revenue 2018: $48,850Expenses 2018: $22,395Net Income 2018: $26,4552018Revenue 2019: $17,688Expenses 2019: $41,065Net Income 2019: -$23,3772019Revenue 2020: $8,800Expenses 2020: $12,618Net Income 2020: -$3,8182020Revenue 2021: $8,983Expenses 2021: $27,127Net Income 2021: -$18,1442021Revenue 2022: $0Expenses 2022: $7,724Net Income 2022: -$7,7242022Revenue 2023: $39,750Expenses 2023: $22,604Net Income 2023: $17,1462023

Highlighted filing

2015

Revenue$77,500
Expenses$64,422
Net Income$13,078
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Dec 2, 2015
Return Version
2014v5.0
Gross Receipts
$77,500
Mission and Program Overview

Mission

The loveland development fund (ldf) is an organization comprised of businesses in the city of loveland colorado interested in promoting and supporting business growth and opportunity within the city of loveland that will provide high quality employment opportunities for current and future citizens. As loveland continues to grow and thrive, ldf works with the loveland business community, city leaders and educators to create, fund and lead initiatives that boost loveland's economic development. We support the innovation efforts of the warehouse and companies housed there they are creating the jobs of the future.

The loveland development fund (ldf) is an organization comprised of businesses in the city of loveland colorado interested in promoting and supporting business growth and opportunity within the city of loveland that will provide high quality employment opportunities for current and future citizens. The activities of the ldf are: attraction of new businesses to loveland; retention of existing business in loveland; support of a business accelerator in the city of loveland.

Program Services

DescriptionGrantsExpenses
ECONOMIC DEVELOPMENT INCENTIVES TO BUSINESS: THE ORGANIZATION WILL PROVIDE SHORT TERM SUBSIDIES, FEE WAIVERS, MOVING COSTS, IN KIND PRODUCTS AND SERVICES, AND OTHER FUNDS TO ASSIST BUSINESS IN THEIR EARLY STAGE GROWTH AND/OR RELOCATION TO LOCATIONS WITHIN LOVELAND, INLUDING THE ROCKY MOUNTAIN CENTER FOR TECHNOLOGY AND INNOVATION, THE DOWNTOWN LOVELAND AREA AS WELL AS OTHER AREAS OF THE CITY OF LOVELAND.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUGLAS RUTLEDGEBoard Chairm-$0--
DANIEL MILLSBoard Presid-$0--
DEBBIE DOYELBoard Secret-$0--
DOUGLAS DONAHUEBoard Treasu-$0--
ROCKY TURNERBoard Member-$0--
DOUGLAS ERIONBoard Member-$0--
JACK CANTLEYBoard Member-$0--
DON MAROSTICABoard Member-$0--
STEVEN FANCHERBoard Member-$0--
JASON TACHABoard Member-$0--
JAY DOKTERBoard Member-$0--
RON SCHNEIDERBoard Member-$0--
CHAD BRENTBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Loveland Development Fund
EIN
46-2257572
Phone
9702036100
Address
421 EAST 4TH STREET, LOVELAND, CO 80537

Signing Officer

Name
Douglas Rutledge
Title
Board Chairman
Phone
9702036100
Signed
2015-12-02
Discuss with paid preparer
Yes

Preparer

Firm
Bauerle and Company Pc
Address
7887 E BELLEVIEW AVE STE 700, DENVER, CO 80111-6021
Preparer
Robert E Fabry CPA
Phone
3037590089
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses insurance 2,617 fund raising expenses 521 economic support 26,000 total 29,138

Form 990-ez, Part II, Line 24

Accounts receivable 0 15,000 total 0 15,000

Form 990-ez, Part III

The loveland development fund (ldf) is an organization comprised of businesses in the city of loveland colorado interested in promoting and supporting business growth and opportunity within the city of loveland that will provide high quality employment opportunities for current and future citizens. The activities of the ldf are: attraction of new businesses to loveland; retention of existing business in loveland; support of a business accelerator in the city of loveland.

Form 990-ez, Part III, Line 28

Economic development incentives to business: the organization will provide short term subsidies, fee waivers, moving costs, in kind products and services, and other funds to assist business in their early stage growth and/or relocation to locations within loveland, inluding the rocky mountain center for technology and innovation, the downtown loveland area as well as other areas of the city of loveland.

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IRS990EZ/PrimaryExemptPurposeTxt0THE LOVELAND DEVELOPMENT FUND (LDF) IS AN ORGANIZATION COMPRISED OF BUSINESSES IN THE CITY OF LOVELAND COLORADO INTERESTED IN PROMOTING AND SUPPORTING BUSINESS GROWTH AND OPPORTUNITY WITHIN THE CITY OF LOVELAND THAT WILL PROVIDE HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR CURRENT AND FUTURE CITIZENS. THE ACTIVITIES OF THE LDF ARE: ATTRACTION OF NEW BUSINESSES TO LOVELAND; RETENTION OF EXISTING BUSINESS IN LOVELAND; SUPPORT OF A BUSINESS ACCELERATOR IN THE CITY OF LOVELAND.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INSURANCE 2,617 FUND RAISING EXPENSES 521 ECONOMIC SUPPORT 26,000 TOTAL 29,138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 15,000 TOTAL 0 15,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LOVELAND DEVELOPMENT FUND (LDF) IS AN ORGANIZATION COMPRISED OF BUSINESSES IN THE CITY OF LOVELAND COLORADO INTERESTED IN PROMOTING AND SUPPORTING BUSINESS GROWTH AND OPPORTUNITY WITHIN THE CITY OF LOVELAND THAT WILL PROVIDE HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR CURRENT AND FUTURE CITIZENS. THE ACTIVITIES OF THE LDF ARE: ATTRACTION OF NEW BUSINESSES TO LOVELAND; RETENTION OF EXISTING BUSINESS IN LOVELAND; SUPPORT OF A BUSINESS ACCELERATOR IN THE CITY OF LOVELAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ECONOMIC DEVELOPMENT INCENTIVES TO BUSINESS: THE ORGANIZATION WILL PROVIDE SHORT TERM SUBSIDIES, FEE WAIVERS, MOVING COSTS, IN KIND PRODUCTS AND SERVICES, AND OTHER FUNDS TO ASSIST BUSINESS IN THEIR EARLY STAGE GROWTH AND/OR RELOCATION TO LOCATIONS WITHIN LOVELAND, INLUDING THE ROCKY MOUNTAIN CENTER FOR TECHNOLOGY AND INNOVATION, THE DOWNTOWN LOVELAND AREA AS WELL AS OTHER AREAS OF THE CITY OF LOVELAND.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

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