Civic Intelligence

Clear Creek Economic Development Corporation Inc

990 • Fiscal year 2020 • EIN 84-0972025

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 23, 2021

Organization ProfileWWW.CLEARCREEKEDC.ORG
PO Box 2030Georgetown, CO 80444

(303) 569-2133

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

22nd percentile

0.03x

Higher debt load relative to revenue than 22% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

98th percentile

61%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

30th percentile

$83,150

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

330%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$2,038,889

Up $350,011 (+21%) from 2019

Net Assets

Up

$2,024,006

Up $338,492 (+20%) from 2019

Liabilities

Up

$14,883

Up $11,519 (+342%) from 2019

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin98th percentile

Revenue

Up

$554,161

Up $425,298 (+330%) from 2019

Expenses

Up

$215,669

Up $62,518 (+41%) from 2019

Net Income

Up

$338,492

Up $362,780 (+1494%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $665,417Liabilities 2010: $3,185Net Assets 2010: $662,2322010Assets 2011: $615,081Liabilities 2011: $3,204Net Assets 2011: $611,8772011Assets 2012: $584,819Liabilities 2012: $594Net Assets 2012: $584,2252012Assets 2013: $586,414Liabilities 2013: $1,704Net Assets 2013: $584,7102013Assets 2014: $496,669Liabilities 2014: $1,712Net Assets 2014: $494,9572014Assets 2015: $393,654Liabilities 2015: $1,463Net Assets 2015: $392,1912015Assets 2016: $621,818Liabilities 2016: $3,012Net Assets 2016: $618,8062016Assets 2017: $571,608Liabilities 2017: $3,552Net Assets 2017: $568,0562017Assets 2018: $695,148Liabilities 2018: $3,567Net Assets 2018: $691,5812018Assets 2019: $1,688,878Liabilities 2019: $3,364Net Assets 2019: $1,685,5142019Assets 2020: $2,038,889Liabilities 2020: $14,883Net Assets 2020: $2,024,0062020Assets 2021: $2,140,544Liabilities 2021: $17,292Net Assets 2021: $2,123,2522021Assets 2022: $2,444,803Liabilities 2022: $161,704Net Assets 2022: $2,283,0992022Assets 2023: $2,382,339Liabilities 2023: $145,922Net Assets 2023: $2,236,4172023Assets 2024: $2,650,885Liabilities 2024: $130,841Net Assets 2024: $2,520,0442024

Highlighted filing

2020

Assets$2,038,889
Liabilities$14,883
Net Assets$2,024,006
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $349,538Expenses 2010: $134,488Net Income 2010: $215,0502010Revenue 2011: $153,300Expenses 2011: $203,655Net Income 2011: -$50,3552011Revenue 2012: $162,102Expenses 2012: $189,754Net Income 2012: -$27,6522012Revenue 2013: $189,273Expenses 2013: $189,247Net Income 2013: $262013Revenue 2014: $103,353Expenses 2014: $193,106Net Income 2014: -$89,7532014Revenue 2015: $187,953Expenses 2015: $290,719Net Income 2015: -$102,7662015Revenue 2016: $407,563Expenses 2016: $180,948Net Income 2016: $226,6152016Revenue 2017: $130,260Expenses 2017: $181,010Net Income 2017: -$50,7502017Revenue 2018: $298,614Expenses 2018: $175,089Net Income 2018: $123,5252018Revenue 2019: $128,863Expenses 2019: $153,151Net Income 2019: -$24,2882019Revenue 2020: $554,161Expenses 2020: $215,669Net Income 2020: $338,4922020Revenue 2021: $566,074Expenses 2021: $466,828Net Income 2021: $99,2462021Revenue 2022: $285,121Expenses 2022: $152,678Net Income 2022: $132,4432022Revenue 2023: $169,507Expenses 2023: $216,189Net Income 2023: -$46,6822023Revenue 2024: $464,474Expenses 2024: $187,410Net Income 2024: $277,0642024

Highlighted filing

2020

Revenue$554,161
Expenses$215,669
Net Income$338,492
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 23, 2021
Return Version
2020v4.1
Gross Receipts
$554,161
Mission and Program Overview

Mission

To provide economic development services to clear creek county and its municipalities. In addition, the ccedc administers a business loan fund program in clear creek and gilpin counties (region 3).

Established in 1985 to provideeconomic development services to clear creek county and its municipalities. In addition, the ccedc administers abusiness loan fund program in clear creek and gilpin counties (region 3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,100,967$1,011,244▼ $89,723
Savings and Temporary Cash Investments$481,444$937,804▲ $456,360
Cash and Non-Interest-Bearing Accounts$101,014$81,989▼ $19,025
Land, Buildings, and Equipment, Net$853$757▼ $96
Total Assets$1,688,878$2,038,889▲ $350,011
Other Assets Total$4,600$7,095▲ $2,495
Liabilities
Deferred Revenue-$9,500-
Accounts Payable and Accrued Expenses$3,364$5,383▲ $2,019
Total Liabilities$3,364$14,883▲ $11,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,685,514$2,024,006▲ $338,492
Total Net Assets Fund Balance$1,685,514$2,024,006▲ $338,492
Total Liabilities and Net Assets / Fund Balance$1,688,878$2,038,889▲ $350,011

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$757$740$1,497
Other Assets Org$2,495--
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lindsey ValdezPresident & CEOFT$83,150$83,150

Board Members and Trustees

NameTitle
Mike HillmanChairman
Brian BosshardtBoard Member
Jim EpsteinBoard Member
Lalitha ChristianBoard Member
Wendy KochBoard Member
Dyllan SmithYouth Board Member
Kelly FlennikenSecretary
Dan EbertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$497,685
Program Service Revenue
$55,647
Investment Income
$829
Other Revenue
$0
Change in Net Assets
$338,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$104,525
Other Expenses$96,874
Grants and Similar Amounts Paid$14,270
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$98,150--$98,150
All Other Expenses$67,282--$67,282
Grants to Domestic Orgs$14,270--$14,270
Fees for Services Accounting$11,863--$11,863
Occupancy$7,800--$7,800
Payroll Taxes$6,375--$6,375
Office Expenses$1,466--$1,466
Other Expenses$823--$823
Fees for Services Management$750--$750
Insurance$657--$657
Advertising$459--$459
Fees for Services Legal$337--$337
Conferences and Meetings$303--$303
Depreciation Depletion$96--$96
Total Functional Expenses$215,669$0$0$215,669
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Form 990 is reviewed and approved prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“Conflicts of interest reviewed on a case-by-case basis.”

Governing documents etc available to public Part VI line 19

“Tax returns are avalable online and to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Clear Creek Economic Development Corporation Inc
EIN
84-0972025
Address
PO BOX 2030, GEORGETOWN, CO 80444

Signing Officer

Name
Lindsey K Valdez
Title
CEO
Phone
3035692133
Signed
2021-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindsey Valdez
Formed
1990
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
1

Preparer

Firm
Georgetown Tax Prep Office
Address
1540 ARGENTINE ST POB 223, Georgetown, CO 80444
Preparer
Eddie Baker Ea
Phone
3035695046
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“$67,282.. Loan loss write-off on uncollected loan.”

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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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt091640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0165017
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt067553
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0740
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01497
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04600
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12495
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPPAID EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0757
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07095
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST REVIEWED ON A CASE-BY-CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX RETURNS ARE AVALABLE ONLINE AND TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3$67,282.. LOAN LOSS WRITE-OFF ON UNCOLLECTED LOAN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01688878
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IRS990/TotalContributionsAmt0497685
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215669
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215669
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt014883
IRS990/TotalLiabilitiesGrp/BOYAmt03364
IRS990/TotalLiabilitiesGrp/EOYAmt014883
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0215669
IRS990/TotalProgramServiceRevenueAmt055647
IRS990/TotalReportableCompFromOrgAmt083150
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0554161
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02038889
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IRS990/USAddress/AddressLine1Txt0502 SIXTH ST 2ND FLOOR
IRS990/USAddress/CityNm0GEORGETOWN
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IRS990/USAddress/ZIPCd080444
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDSEY K VALDEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03035692133
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEAR CREEK ECONOMIC DEVELOPMENT CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0840972025
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2030
ReturnHeader/Filer/USAddress/CityNm0GEORGETOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080444
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0830527892
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GEORGETOWN TAX PREP OFFICE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01540 ARGENTINE ST POB 223
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Georgetown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080444
ReturnHeader/PreparerPersonGrp/PhoneNum03035695046
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDDIE BAKER EA
ReturnHeader/ReturnTs02021-11-13T09:58:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LINDSEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VALDEZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,038,889
Liabilities
$14,883
Net assets
$2,024,006
Revenue
$554,161
Expenses
$215,669
Net income
$338,492
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.13$2.52$0.46$0.19$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.38$0.15$2.24$0.17$0.22$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.44$0.16$2.28$0.29$0.15$0.13
2021Detailed filing. Detailed filing data is available for this year.$2.14$0.02$2.12$0.57$0.47$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.01$2.02$0.55$0.22$0.34
2019Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.13$0.15$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.69$0.30$0.18$0.12
2017Summary only. Only limited summary data is available for this year.$0.57$0.00$0.57$0.13$0.18$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.41$0.18$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.19$0.29$0.10
2014Summary only. Only limited summary data is available for this year.$0.50$0.00$0.49$0.10$0.19$0.09
2013Summary only. Only limited summary data is available for this year.$0.59$0.00$0.58$0.19$0.19$0.00
2012Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.16$0.19$0.03
2011Summary only. Only limited summary data is available for this year.$0.62$0.00$0.61$0.15$0.20$0.05
2010Summary only. Only limited summary data is available for this year.$0.67$0.00$0.66$0.35$0.13$0.22