Civic Intelligence

Bonner County Economic Development Corp

990EZ • Fiscal year 2016 • EIN 82-0526763

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 03, 2017

231 North 3rd Ave Suite 107Sandpoint, ID 83864

(208) 265-6402

Siviq Scores

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

Liabilities / Assets

70th percentile

0.08x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.04x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

3rd percentile

-88%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

4th percentile

-60%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$19,923

Down $29,956 (-60%) from 2015

Net Assets

Down

$18,342

Down $31,537 (-63%) from 2015

Liabilities

$1,581

No earlier filing loaded for comparison.

Revenue

Down

$35,850

Down $27,851 (-44%) from 2015

Expenses

Up

$67,389

Up $35,262 (+110%) from 2015

Net Income

Down

-$31,539

Down $63,113 (-200%) from 2015

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $36,242Liabilities 2011: $10,0012011Assets 2012: $17,930Liabilities 2012: $6,4482012Assets 2013: $17,612Liabilities 2013: $952Net Assets 2013: $16,6602013Assets 2014: $18,347Liabilities 2014: $42Net Assets 2014: $18,3052014Assets 2015: $49,879Net Assets 2015: $49,8792015Assets 2016: $19,923Liabilities 2016: $1,581Net Assets 2016: $18,3422016Assets 2017: $40,613Liabilities 2017: $2,210Net Assets 2017: $38,4032017Assets 2018: $18,408Liabilities 2018: $2,492Net Assets 2018: $15,9162018Assets 2019: $33,258Liabilities 2019: $824Net Assets 2019: $32,4342019Assets 2020: $104,632Liabilities 2020: $424Net Assets 2020: $104,2082020Assets 2021: $87,421Liabilities 2021: $335Net Assets 2021: $87,0862021Assets 2022: $108,916Liabilities 2022: $5,999Net Assets 2022: $102,9172022Assets 2023: $56,136Liabilities 2023: $1,845Net Assets 2023: $54,2912023Assets 2024: $41,827Liabilities 2024: $1,849Net Assets 2024: $39,9782024

Highlighted filing

2016

Assets$19,923
Liabilities$1,581
Net Assets$18,342

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $86,782Expenses 2011: $92,635Net Income 2011: -$5,8532011Revenue 2012: $82,002Expenses 2012: $96,762Net Income 2012: -$14,7602012Revenue 2013: $84,083Expenses 2013: $78,905Net Income 2013: $5,1782013Revenue 2014: $53,900Expenses 2014: $52,255Net Income 2014: $1,6452014Revenue 2015: $63,701Expenses 2015: $32,127Net Income 2015: $31,5742015Revenue 2016: $35,850Expenses 2016: $67,389Net Income 2016: -$31,5392016Revenue 2017: $96,130Expenses 2017: $76,068Net Income 2017: $20,0622017Revenue 2018: $131,000Expenses 2018: $153,491Net Income 2018: -$22,4912018Revenue 2019: $77,346Expenses 2019: $60,828Net Income 2019: $16,5182019Revenue 2020: $171,978Expenses 2020: $100,204Net Income 2020: $71,7742020Revenue 2021: $26,564Expenses 2021: $43,686Net Income 2021: -$17,1222021Revenue 2022: $40,250Expenses 2022: $24,419Net Income 2022: $15,8312022Revenue 2023: $52,411Expenses 2023: $101,036Net Income 2023: -$48,6252023Revenue 2024: $78,988Expenses 2024: $93,301Net Income 2024: -$14,3132024

Highlighted filing

2016

Revenue$35,850
Expenses$67,389
Net Income-$31,539
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 3, 2017
Return Version
2016v3.0
Gross Receipts
$35,850
Mission and Program Overview

Mission

The mission of the organization is to work with others to develop a vibrant economy of diverse businesses and industries that offer quality job opportunities and help build prosperity for all in bonner county.

The mission of the organization is to nurture, expand, and diversify the county's economic base by attracting compatible new businesses, working with existing businesses and improving the county's commercial and retail base. This will result in a wider range of employment and income opportunities, and better education and quality of life for county residents.

Program Services

DescriptionGrantsExpenses
IN 2016, BONNER COUNTY ECONOMIC DEVELOPMENT CORPORATION: -CONTINUED ITS WORK AND COMMUNITY EFFORTS TO BRING FIBER TO HOME AND BUSINESS THROUGH TING, A DIVISION OF TWO COWS (2 INTERNET DOMAIN NAME REGISTRATION COMPANY). -ESTABLISHED RELATIONSHIPS WITH FATBEAM FOR THE COMPLETION OF THEIR FIBER LOOP FROM RATHDRUM IN SUPPORT OF TING AND THE SCHOOL DISTRICTS. -ESTABLISHED WITH THE COUNTY THE PROCEDURES FOR EXECUTING PROPERTY TAX EXEMPTIONS UNDER IDAHO STATE STATUTE 63-602NN FOR MANUFACTURING AND 63-606A FOR NON MANUFACTURING. PROPERTY TAX EXEMPTIONS HAVE BEEN GRANTED TO LITEHOUSE, INC. QUEST AIRCRAFT AND THE PONDERAY WELLNESS CENTER. -ASSISTED IN THE PLANS TO RETAIN AND SUPPORT GROWTH WITH LOCAL BUSINESSES LIKE BIOMEDICAL INNOVATIONS (LEAD LOK), THORNE, AEROCET, KOCHAVA, INTELISCOPE. -PROVIDED INFORMATION FOR IDAHO STATE DEPARTMENT OF COMMERCE RFI'S THAT HAVE THE POTENTIAL OF BRINGING IN OVER 300 JOBS INTO BONNER COUNTY. -WORKED WITH PERCUSSIONAIRE TO RELOCATE THEIR BUSINESS TO THE CWC (L3M) BUILDING. -HAVE BEEN SUPPORTING AEROCET TO SECURE 40 ACRES OF PROPERTY AND BUILD AN 85,000 SQUARE FOOT FACILITY IN PRIEST RIVER.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PAUL KUSCHEExecutive DiFT$39,650-$39,650
RYAN ROBINSONTreasurer/Se-$0--
SHERYL RICKARDDirector-$0--
JIM KANEDirector-$0--
ERIC PAULLVice Chairma-$0--
COLIN MCLEMOREDirector-$0--
KELLY PRIORDirector-$0--
TOM CHASSEChairman-$0--
DAN HOFFMANDirector-$0--
JOE WILLIAMSDirector-$0--
CARLOS SCHWARZDirector-$0--
DR CHARLES BUCKDirector-$0--
GLEN BAILEYDirector-$0--
KRISTINA PECKDirector-$0--
Filing and Contact Details

Filer

Filer Name
Bonner County Economic Development
EIN
82-0526763
Phone
2082656402
Address
231 NORTH 3RD AVE SUITE 107, SANDPOINT, ID 83864

Signing Officer

Name
Paul Kusche
Title
Executive Director
Phone
2082656402
Signed
2017-02-03
Discuss with paid preparer
Yes

Preparer

Firm
Williams & Parsons Pc Cpas
Address
708 SUPERIOR ST STE A, SANDPOINT, ID 83864-1656
Preparer
Brad J Williams
Phone
2082655959
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising/marketing 10,310 office supplies 1,335 556 insurance 1,050 workers comp 215 prospect membership exp 1,520 non-investment depreciation 83 total 15,069

Form 990-ez, Part II, Line 24

Accounts receivable 18,500 0 employee advances 0 0 leasehold imp & office equipment 10,871 10,871 less accumulated depreciation 8,860 8,943 total 20,511 1,928

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 505 payroll liabilities 0 1,076

Form 990-ez, Part III

The mission of the organization is to nurture, expand, and diversify the county's economic base by attracting compatible new businesses, working with existing businesses and improving the county's commercial and retail base. This will result in a wider range of employment and income opportunities, and better education and quality of life for county residents.

Form 990-ez, Part III, Line 28

In 2016, bonner county economic development corporation: -continued its work and community efforts to bring fiber to home and business through ting, a division of two cows (2 internet domain name registration company). -established relationships with fatbeam for the completion of their fiber loop from rathdrum in support of ting and the school districts. -established with the county the procedures for executing property tax exemptions under idaho state statute 63-602nn for manufacturing and 63-606a for non manufacturing. Property tax exemptions have been granted to litehouse, inc. Quest aircraft and the ponderay wellness center. -assisted in the plans to retain and support growth with local businesses like biomedical innovations (lead lok), thorne, aerocet, kochava, inteliscope. -provided information for idaho state department of commerce rfi's that have the potential of bringing in over 300 jobs into bonner county. -worked with percussionaire to relocate their business to the cwc (l3m) building. -have been supporting aerocet to secure 40 acres of property and build an 85,000 square foot facility in priest river.

Raw XML Appendix152 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IN 2016, BONNER COUNTY ECONOMIC DEVELOPMENT CORPORATION: -CONTINUED ITS WORK AND COMMUNITY EFFORTS TO BRING FIBER TO HOME AND BUSINESS THROUGH TING, A DIVISION OF TWO COWS (2 INTERNET DOMAIN NAME REGISTRATION COMPANY). -ESTABLISHED RELATIONSHIPS WITH FATBEAM FOR THE COMPLETION OF THEIR FIBER LOOP FROM RATHDRUM IN SUPPORT OF TING AND THE SCHOOL DISTRICTS. -ESTABLISHED WITH THE COUNTY THE PROCEDURES FOR EXECUTING PROPERTY TAX EXEMPTIONS UNDER IDAHO STATE STATUTE 63-602NN FOR MANUFACTURING AND 63-606A FOR NON MANUFACTURING. PROPERTY TAX EXEMPTIONS HAVE BEEN GRANTED TO LITEHOUSE, INC. QUEST AIRCRAFT AND THE PONDERAY WELLNESS CENTER. -ASSISTED IN THE PLANS TO RETAIN AND SUPPORT GROWTH WITH LOCAL BUSINESSES LIKE BIOMEDICAL INNOVATIONS (LEAD LOK), THORNE, AEROCET, KOCHAVA, INTELISCOPE. -PROVIDED INFORMATION FOR IDAHO STATE DEPARTMENT OF COMMERCE RFI'S THAT HAVE THE POTENTIAL OF BRINGING IN OVER 300 JOBS INTO BONNER COUNTY. -WORKED WITH PERCUSSIONAIRE TO RELOCATE THEIR BUSINESS TO THE CWC (L3M) BUILDING. -HAVE BEEN SUPPORTING AEROCET TO SECURE 40 ACRES OF PROPERTY AND BUILD AN 85,000 SQUARE FOOT FACILITY IN PRIEST RIVER.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING/MARKETING 10,310 OFFICE SUPPLIES 1,335 556 INSURANCE 1,050 WORKERS COMP 215 PROSPECT MEMBERSHIP EXP 1,520 NON-INVESTMENT DEPRECIATION 83 TOTAL 15,069
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 18,500 0 EMPLOYEE ADVANCES 0 0 LEASEHOLD IMP & OFFICE EQUIPMENT 10,871 10,871 LESS ACCUMULATED DEPRECIATION 8,860 8,943 TOTAL 20,511 1,928
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 505 PAYROLL LIABILITIES 0 1,076
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MISSION OF THE ORGANIZATION IS TO NURTURE, EXPAND, AND DIVERSIFY THE COUNTY'S ECONOMIC BASE BY ATTRACTING COMPATIBLE NEW BUSINESSES, WORKING WITH EXISTING BUSINESSES AND IMPROVING THE COUNTY'S COMMERCIAL AND RETAIL BASE. THIS WILL RESULT IN A WIDER RANGE OF EMPLOYMENT AND INCOME OPPORTUNITIES, AND BETTER EDUCATION AND QUALITY OF LIFE FOR COUNTY RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2016, BONNER COUNTY ECONOMIC DEVELOPMENT CORPORATION: -CONTINUED ITS WORK AND COMMUNITY EFFORTS TO BRING FIBER TO HOME AND BUSINESS THROUGH TING, A DIVISION OF TWO COWS (2 INTERNET DOMAIN NAME REGISTRATION COMPANY). -ESTABLISHED RELATIONSHIPS WITH FATBEAM FOR THE COMPLETION OF THEIR FIBER LOOP FROM RATHDRUM IN SUPPORT OF TING AND THE SCHOOL DISTRICTS. -ESTABLISHED WITH THE COUNTY THE PROCEDURES FOR EXECUTING PROPERTY TAX EXEMPTIONS UNDER IDAHO STATE STATUTE 63-602NN FOR MANUFACTURING AND 63-606A FOR NON MANUFACTURING. PROPERTY TAX EXEMPTIONS HAVE BEEN GRANTED TO LITEHOUSE, INC. QUEST AIRCRAFT AND THE PONDERAY WELLNESS CENTER. -ASSISTED IN THE PLANS TO RETAIN AND SUPPORT GROWTH WITH LOCAL BUSINESSES LIKE BIOMEDICAL INNOVATIONS (LEAD LOK), THORNE, AEROCET, KOCHAVA, INTELISCOPE. -PROVIDED INFORMATION FOR IDAHO STATE DEPARTMENT OF COMMERCE RFI'S THAT HAVE THE POTENTIAL OF BRINGING IN OVER 300 JOBS INTO BONNER COUNTY. -WORKED WITH PERCUSSIONAIRE TO RELOCATE THEIR BUSINESS TO THE CWC (L3M) BUILDING. -HAVE BEEN SUPPORTING AEROCET TO SECURE 40 ACRES OF PROPERTY AND BUILD AN 85,000 SQUARE FOOT FACILITY IN PRIEST RIVER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum02082656402
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ReturnHeader/PreparerPersonGrp/PhoneNum02082655959
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRAD J WILLIAMS
ReturnHeader/ReturnTs02017-02-03T13:47:52-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$0.79$0.93$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.02$0.54$0.52$1.01$0.49
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.06$1.03$0.40$0.24$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.27$0.44$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.04$1.72$1.00$0.72
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$0.77$0.61$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.16$1.31$1.53$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.41$0.02$0.38$0.96$0.76$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.18$0.36$0.67$0.32
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.50$0.64$0.32$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.54$0.52$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$0.84$0.79$0.05
2012Summary only. Only limited summary data is available for this year.$0.18$0.06$0.82$0.97$0.15
2011Summary only. Only limited summary data is available for this year.$0.36$0.10$0.87$0.93$0.06