Civic Intelligence

Pedco Foundation Inc.

990 • Fiscal year 2022 • EIN 74-2457373

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

Organization ProfileN/A
301 N Main StPueblo, CO 81003-3237

(719) 544-2000

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

70th percentile

20%

Higher net margin than 70% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

22nd percentile

-8.6%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-54%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,754,831

Down $165,679 (-8.6%) from 2021

Net Assets

Down

$1,754,831

Down $165,679 (-8.6%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin70th percentile

Revenue

Down

$92,309

Down $106,664 (-54%) from 2021

Expenses

Up

$74,095

Up $42,781 (+137%) from 2021

Net Income

Down

$18,214

Down $149,445 (-89%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$15M$10M$5.0M$0Assets 2010: $10,352,231Liabilities 2010: $9,689,169Net Assets 2010: $663,0622010Assets 2011: $1,410,093Liabilities 2011: $209,905Net Assets 2011: $1,200,1882011Assets 2012: $1,434,713Liabilities 2012: $247,600Net Assets 2012: $1,187,1132012Assets 2013: $1,784,357Liabilities 2013: $232,543Net Assets 2013: $1,551,8142013Assets 2014: $1,553,086Liabilities 2014: $65,992Net Assets 2014: $1,487,0942014Assets 2015: $1,882,089Liabilities 2015: $34,604Net Assets 2015: $1,847,4852015Assets 2016: $1,806,187Liabilities 2016: $0Net Assets 2016: $1,806,1872016Assets 2017: $1,786,293Liabilities 2017: $543Net Assets 2017: $1,785,7502017Assets 2018: $1,780,701Liabilities 2018: $75,000Net Assets 2018: $1,705,7012018Assets 2019: $1,736,650Liabilities 2019: $34,622Net Assets 2019: $1,702,0282019Assets 2020: $1,709,540Liabilities 2020: $0Net Assets 2020: $1,709,5402020Assets 2021: $1,920,510Liabilities 2021: $0Net Assets 2021: $1,920,5102021Assets 2022: $1,754,831Liabilities 2022: $0Net Assets 2022: $1,754,8312022Assets 2023: $1,745,777Liabilities 2023: $64,093Net Assets 2023: $1,681,6842023Assets 2024: $1,727,527Liabilities 2024: $30,000Net Assets 2024: $1,697,5272024

Highlighted filing

2022

Assets$1,754,831
Liabilities$0
Net Assets$1,754,831
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

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

$400K$200K$0-$200KExpenses 2010: $323,6322010Expenses 2011: $267,7372011Expenses 2012: $14,4552012Revenue 2013: $389,824Expenses 2013: $25,123Net Income 2013: $364,7012013Revenue 2014: $3,246Expenses 2014: $67,966Net Income 2014: -$64,7202014Revenue 2015: $367,572Expenses 2015: $7,181Net Income 2015: $360,3912015Revenue 2016: $7,033Expenses 2016: $48,331Net Income 2016: -$41,2982016Revenue 2017: $4,059Expenses 2017: $24,496Net Income 2017: -$20,4372017Revenue 2018: $16,063Expenses 2018: $96,112Net Income 2018: -$80,0492018Revenue 2019: $17,839Expenses 2019: $26,836Net Income 2019: -$8,9972019Revenue 2020: $51,088Expenses 2020: $109,265Net Income 2020: -$58,1772020Revenue 2021: $198,973Expenses 2021: $31,314Net Income 2021: $167,6592021Revenue 2022: $92,309Expenses 2022: $74,095Net Income 2022: $18,2142022Revenue 2023: $45,303Expenses 2023: $166,122Net Income 2023: -$120,8192023Revenue 2024: $60,777Expenses 2024: $64,393Net Income 2024: -$3,6162024

Highlighted filing

2022

Revenue$92,309
Expenses$74,095
Net Income$18,214
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$92,309
Mission and Program Overview

Mission

Assist the pueblo economic development corporation (pedco) and the city of pueblo in the creation of new primary jobs in the pueblo area generally by providing facilities for new employers that are partially or wholly funded by the city of pueblo's 1/2 cent sales tax economic development fund.

Creation of new primary jobs in the pueblo area generally by providing facilities for new employers that are partially or wholly funded by the city of pueblo's 1/2 cent sales tax economic development fund.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,092,760$1,060,447▼ $32,313
Land, Buildings, and Equipment, Net$681,600$681,600→ $0
Savings and Temporary Cash Investments$44,271--
Cash and Non-Interest-Bearing Accounts$101,879$11,784▼ $90,095
Accounts Receivable-$1,000-
Total Assets$1,920,510$1,754,831▼ $165,679
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,920,510$1,754,831▼ $165,679
Total Net Assets Fund Balance$1,920,510$1,754,831▼ $165,679
Total Liabilities and Net Assets / Fund Balance$1,920,510$1,754,831▼ $165,679

Asset Categories

AssetBook ValueDepreciationBasis
Land$681,600-$681,600
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Andrew LangPresident/ch
Ashley ValdezBoard Member
Bob LeachBoard Member
Chris PanionBoard Member
Greg HahnBoard Member
Ray SwerdfegerBoard Member
Tammy FesmireBoard Member
Chad HeberlySecretary/tr
Todd PasquinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$92,309
Other Revenue
$0
Change in Net Assets
$18,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$56,250
Other Expenses$17,845
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$56,250--$56,250
Fees for Services Other$12,409--$12,409
Fees for Services Accounting-$3,197-$3,197
Fees for Services Management-$2,239-$2,239
Total Functional Expenses$68,659$5,436$0$74,095
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
PedcoPueblo, CO--$56,250
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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 7A

“Pedco foundation is a supporting organization to the pueblo economic development corporation (pedco). Within its organization documents, pedco is the only member of the pedco foundation and appoints its board of directors. Pedco does not have a residual interest in any of the net assets of the pedco foundation.”

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

“The form 990 is reviewed in detail by the board of directors in the month following its filing.”

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

“The board annually signs a new conflict of interest statement and at each vote there is a discussion to determine if there are any conflicts of interest and if there are the board member obstains from voting.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Pedco Foundation Inc
EIN
74-2457373
Phone
7195442000
Address
301 N MAIN ST, PUEBLO, CO 81003-3237

Signing Officer

Name
Andrew Lang
Title
President/chairman
Phone
7195442000
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Lang
Formed
1987
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Mgpm Pc
Address
503 N MAIN ST STE 740, PUEBLO, CO 81003
Preparer
Todd S Mihelich
Phone
7195430516
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Assist the pueblo economic development corporation (pedco) and the city of pueblo in the creation of new primary jobs in the pueblo area generally by providing facilities for new employers that are partially or wholly funded by the city of pueblo's 1/2 cent sales tax economic development fund.”

Form 990, Part IX, Line 11G

“Property taxes 12,409 0 0”

Raw XML Appendix338 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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IRS990ScheduleA/SupportSumAmt056250
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0681600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0681600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0681600
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt056250
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PEDCO
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0301 N MAIN ST SUITE 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PUEBLO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd081003
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSIST THE PUEBLO ECONOMIC DEVELOPMENT CORPORATION (PEDCO) AND THE CITY OF PUEBLO IN THE CREATION OF NEW PRIMARY JOBS IN THE PUEBLO AREA GENERALLY BY PROVIDING FACILITIES FOR NEW EMPLOYERS THAT ARE PARTIALLY OR WHOLLY FUNDED BY THE CITY OF PUEBLO'S 1/2 CENT SALES TAX ECONOMIC DEVELOPMENT FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PEDCO FOUNDATION IS A SUPPORTING ORGANIZATION TO THE PUEBLO ECONOMIC DEVELOPMENT CORPORATION (PEDCO). WITHIN ITS ORGANIZATION DOCUMENTS, PEDCO IS THE ONLY MEMBER OF THE PEDCO FOUNDATION AND APPOINTS ITS BOARD OF DIRECTORS. PEDCO DOES NOT HAVE A RESIDUAL INTEREST IN ANY OF THE NET ASSETS OF THE PEDCO FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED IN DETAIL BY THE BOARD OF DIRECTORS IN THE MONTH FOLLOWING ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD ANNUALLY SIGNS A NEW CONFLICT OF INTEREST STATEMENT AND AT EACH VOTE THERE IS A DISCUSSION TO DETERMINE IF THERE ARE ANY CONFLICTS OF INTEREST AND IF THERE ARE THE BOARD MEMBER OBSTAINS FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROPERTY TAXES 12,409 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01920510
IRS990/TotalAssetsEOYAmt01754831
IRS990/TotalAssetsGrp/BOYAmt01920510
IRS990/TotalAssetsGrp/EOYAmt01754831
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068659
IRS990/TotalFunctionalExpensesGrp/TotalAmt074095
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01920510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01754831
IRS990/TotalProgramServiceExpensesAmt068659
IRS990/TotalRevenueGrp/ExclusionAmt092309
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt092309
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01920510
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01754831
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW LANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07195442000
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEDCO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PEDC
ReturnHeader/Filer/EIN0742457373
ReturnHeader/Filer/PhoneNum07195442000
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 N MAIN ST
ReturnHeader/Filer/USAddress/CityNm0PUEBLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd0810033237
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0840628988
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MGPM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0503 N MAIN ST STE 740
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PUEBLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081003
ReturnHeader/PreparerPersonGrp/PhoneNum07195430516
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD S MIHELICH
ReturnHeader/ReturnTs02023-11-14T08:38:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LANG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,754,831
Liabilities
$0
Net assets
$1,754,831
Revenue
$92,309
Expenses
$74,095
Net income
$18,214
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.73$0.03$1.70$0.06$0.06$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.06$1.68$0.05$0.17$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.00$1.75$0.09$0.07$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.20$0.03$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.05$0.11$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.03$1.70$0.02$0.03$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.78$0.08$1.71$0.02$0.10$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.00$0.02$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.01$0.05$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.88$0.03$1.85$0.37$0.01$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.55$0.07$1.49$0.00$0.07$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.78$0.23$1.55$0.39$0.03$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.25$1.19$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.21$1.20$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$9.69$0.66$0.32