Civic Intelligence

Fremont County Economic Development Corp

EIN 74-2251600 • 501(c)6 • Canon City, CO

Profile

To promote and assist in economic development for Fremont County, CO.

402 Valley RoadCanon City, CO 81212

fedc.co

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.00x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

86th percentile

27%

Higher net margin than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$42,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

94th percentile

80%

Faster asset growth than 94% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

144%

Faster revenue growth than 97% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$281,119

Up $124,578 (+80%) from 2023

Liabilities

Up

$181

Up $181 from 2023

Net Assets

Up

$280,938

Up $124,397 (+79%) from 2023

Revenue

Up

$461,950

Up $272,845 (+144%) from 2023

Expenses

Up

$337,553

Up $24,023 (+7.7%) from 2023

Net Income

Up

$124,397

Up $248,822 (+200%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $79,507Liabilities 2010: $5,539Net Assets 2010: $73,9682010Assets 2011: $70,005Liabilities 2011: $1,172Net Assets 2011: $68,8332011Assets 2012: $64,384Liabilities 2012: $679Net Assets 2012: $63,7052012Assets 2013: $101,557Liabilities 2013: $0Net Assets 2013: $101,5332013Assets 2014: $58,008Liabilities 2014: $0Net Assets 2014: $58,0082014Assets 2015: $51,665Liabilities 2015: $0Net Assets 2015: $51,6652015Assets 2016: $42,997Liabilities 2016: $100Net Assets 2016: $42,8972016Assets 2017: $37,501Liabilities 2017: $320Net Assets 2017: $37,1812017Assets 2018: $138,413Liabilities 2018: $7,015Net Assets 2018: $131,3982018Assets 2019: $155,262Liabilities 2019: $5,841Net Assets 2019: $149,4212019Assets 2020: $151,060Liabilities 2020: $16,278Net Assets 2020: $134,7822020Assets 2021: $184,516Liabilities 2021: $2,380Net Assets 2021: $182,1362021Assets 2022: $281,869Liabilities 2022: $0Net Assets 2022: $281,8692022Assets 2023: $156,541Liabilities 2023: $0Net Assets 2023: $156,5412023Assets 2024: $281,119Liabilities 2024: $181Net Assets 2024: $280,9382024

Highlighted filing

2024

Assets$281,119
Liabilities$181
Net Assets$280,938

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $72,7282010Expenses 2011: $69,1632011Expenses 2012: $65,5602012Revenue 2013: $54,674Expenses 2013: $66,479Net Income 2013: -$11,8052013Revenue 2014: $76,359Expenses 2014: $70,545Net Income 2014: $5,8142014Revenue 2015: $71,345Expenses 2015: $77,688Net Income 2015: -$6,3432015Revenue 2016: $122,222Expenses 2016: $130,241Net Income 2016: -$8,0192016Revenue 2017: $72,570Expenses 2017: $78,284Net Income 2017: -$5,7142017Revenue 2018: $176,708Expenses 2018: $86,684Net Income 2018: $90,0242018Revenue 2019: $210,891Expenses 2019: $185,837Net Income 2019: $25,0542019Revenue 2020: $281,295Expenses 2020: $295,934Net Income 2020: -$14,6392020Revenue 2021: $323,310Expenses 2021: $263,239Net Income 2021: $60,0712021Revenue 2022: $453,759Expenses 2022: $354,026Net Income 2022: $99,7332022Revenue 2023: $189,105Expenses 2023: $313,530Net Income 2023: -$124,4252023Revenue 2024: $461,950Expenses 2024: $337,553Net Income 2024: $124,3972024

Highlighted filing

2024

Revenue$461,950
Expenses$337,553
Net Income$124,397

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.00$2.81$4.62$3.38$1.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.00$1.57$1.89$3.14$1.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.00$2.82$4.54$3.54$1.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.02$1.82$3.23$2.63$0.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.16$1.35$2.81$2.96$0.15
2019Summary only. Only limited summary data is available for this year.$1.55$0.06$1.49$2.11$1.86$0.25
2018Summary only. Only limited summary data is available for this year.$1.38$0.07$1.31$1.77$0.87$0.90
2017Summary only. Only limited summary data is available for this year.$0.38$0.00$0.37$0.73$0.78$0.06
2016Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$1.22$1.30$0.08
2015Summary only. Only limited summary data is available for this year.$0.52$0.00$0.52$0.71$0.78$0.06
2014Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.76$0.71$0.06
2013Summary only. Only limited summary data is available for this year.$1.02$0.00$1.02$0.55$0.66$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.01$0.64$0.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.01$0.69$0.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.06$0.74$0.73
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 24, 2025
Return Version
2024v5.0
Gross Receipts
$461,950
Mission and Program Overview

Mission

To promote and assist in economic development for Fremont County, CO.

To promote economic development for Fremont County, CO.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$156,541$280,938▲ $124,397
Cash and Non-Interest-Bearing Accounts$121,115$259,555▲ $138,440
Other Notes and Loans Receivable, Net$35,426$21,564▼ $13,862
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$156,541$281,119▲ $124,578
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$181▲ $181
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$181▲ $181
Net Assets / Fund Balance
Total Net Assets Fund Balance$156,541$280,938▲ $124,397
Total Liabilities and Net Assets / Fund Balance$156,541$281,119▲ $124,578
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert V BrownExecutive DirectorPT$42,000$42,000

Board Members and Trustees

NameTitle
Jacob HakesChairman of the Board
Brenda McKayVice Chair
David ReynoldsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$413,682
Program Service Revenue
$46,132
Investment Income
$2,136
Other Revenue
$0
All Other Contributions
$341,469
Change in Net Assets
$124,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,548
Salaries, Compensation, and Employee Benefits$46,005
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$42,000
Fees for Services Management---$31,807
Other Expenses---$17,331
Occupancy---$12,446
Fees for Services Accounting---$5,429
Other Salaries and Wages---$3,720
Office Expenses---$2,974
Insurance---$1,676
Advertising---$1,668
Payroll Taxes---$285
Conferences and Meetings---$126
Total Functional Expenses$0$0$0$337,553
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$0
Total Nondeductible Lobbying and Political Cost$0
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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, Part VI, Section A, Line 6

The organization has members who are individuals and businesses from the community.

Form 990, Part VI, Section A, Line 7A

Businesses and individuals interested in the economic development of the area can join. Annual dues are required, members can voice concerns, ideas, and opinions at monthly meetings. Board members are nominated annually and voted on at the annual meeting by the members.

Form 990, Part VI, Section B, Line 11B

The treasurer and the chairman review the return before filing. The return is then discussed at the Executive Committee meeting which meets on a monthly basis.

Form 990, Part VI, Section B, Line 12C

A conflict of interest policy was adopted and is reviewed annually during one of the monthly meetings.

Form 990, Part VI, Section B, Line 15

Compensation is determined annually by the Board of Directors based on current economic and prevailing salaries among other development corporations. Compensated individuals receive a 1099 or a W2.

Form 990, Part VI, Section C, Line 19

All documents are on file at the FEDC office location and are available during normal business hours with an appointment.

Filing and Contact Details

Filer

Filer Name
Fremont County Economic Development Corp
EIN
74-2251600
Phone
7192758601
Address
402 Valley Road, Canon City, CO 81212

Signing Officer

Name
David Reynolds
Title
Treasurer
Phone
7192758601
Signed
2025-07-24

Organization Details

Principal Officer
David Reynolds
Formed
1976
Legal Domicile
Co
Voting Board Members
34
Independent Board Members
34
Employees
1
Volunteers
40
Raw XML AppendixShowing 400 of 405 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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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27710
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311531
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311531
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0162406
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0271530
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt026699
IRS990/PYRevenuesLessExpensesAmt0-124425
IRS990/PYSalariesCompEmpBnftPaidAmt042000
IRS990/PYTotalExpensesAmt0313530
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0189105
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0124397
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0156541
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0280938
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/CarriedOverAmt00
IRS990ScheduleC/DuesAssessmentsAmt072213
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt00
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt00
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt0181
IRS990ScheduleD/TotalLiabilityAmt0181
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has members who are individuals and businesses from the community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Businesses and individuals interested in the economic development of the area can join. Annual dues are required, members can voice concerns, ideas, and opinions at monthly meetings. Board members are nominated annually and voted on at the annual meeting by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The treasurer and the chairman review the return before filing. The return is then discussed at the Executive Committee meeting which meets on a monthly basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A conflict of interest policy was adopted and is reviewed annually during one of the monthly meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation is determined annually by the Board of Directors based on current economic and prevailing salaries among other development corporations. Compensated individuals receive a 1099 or a W2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All documents are on file at the FEDC office location and are available during normal business hours with an appointment.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0156541
IRS990/TotalAssetsEOYAmt0281119
IRS990/TotalAssetsGrp/BOYAmt0156541
IRS990/TotalAssetsGrp/EOYAmt0281119
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0413682
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0337553
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0181
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0181
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0156541
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0280938
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt046132
IRS990/TotalReportableCompFromOrgAmt042000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt048268
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0461950
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0156541
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0281119
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01677 Grand Ave
IRS990/USAddress/CityNm0Canon City
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081212
IRS990/VotingMembersGoverningBodyCnt034
IRS990/VotingMembersIndependentCnt034
IRS990/WebsiteAddressTxt0https://fedc.co
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0Accounting records were not ready due to a software conversion.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Reynolds
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07192758601
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREMONT COUNTY ECONOMIC DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0FREM
ReturnHeader/Filer/EIN0742251600
ReturnHeader/Filer/PhoneNum07192758601
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 Valley Road
ReturnHeader/Filer/USAddress/CityNm0Canon City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081212
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01

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