Civic Intelligence

Greeleyweld Economic Development

990 • Fiscal year 2021 • EIN 84-1071701

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 30, 2022

Organization ProfileWWW.UPSTATECOLORADO.ORG

View Organization Page

822 7th Street Rm/Ste 550Greeley, CO 80631-3933

(970) 356-4565

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Net Margin

35th percentile

6.5%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

20th percentile

$139,629

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Asset Growth

15th percentile

-0.5%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-47%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$5,499,914

Down $29,898 (-0.5%) from 2020

Net Assets

Up

$5,458,038

Up $148,486 (+2.8%) from 2020

Liabilities

Down

$41,876

Down $178,384 (-81%) from 2020

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin35th percentile

Revenue

Down

$2,297,456

Down $2,008,119 (-47%) from 2020

Expenses

Down

$2,148,970

Down $1,964,751 (-48%) from 2020

Net Income

Down

$148,486

Down $43,368 (-23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,145,181Liabilities 2010: $22,080Net Assets 2010: $4,123,1012010Assets 2011: $3,516,416Liabilities 2011: $17,873Net Assets 2011: $3,498,5432011Assets 2012: $3,139,298Liabilities 2012: $19,367Net Assets 2012: $3,119,9312012Assets 2013: $3,590,290Liabilities 2013: $13,893Net Assets 2013: $3,576,3972013Assets 2014: $4,560,875Liabilities 2014: $43,283Net Assets 2014: $4,517,5922014Assets 2015: $4,704,167Liabilities 2015: $16,005Net Assets 2015: $4,688,1622015Assets 2016: $4,877,096Liabilities 2016: $12,624Net Assets 2016: $4,864,4722016Assets 2017: $5,022,040Liabilities 2017: $50,716Net Assets 2017: $4,971,3242017Assets 2018: $5,197,673Liabilities 2018: $179,937Net Assets 2018: $5,017,7362018Assets 2019: $5,416,481Liabilities 2019: $298,783Net Assets 2019: $5,117,6982019Assets 2020: $5,529,812Liabilities 2020: $220,260Net Assets 2020: $5,309,5522020Assets 2021: $5,499,914Liabilities 2021: $41,876Net Assets 2021: $5,458,0382021Assets 2022: $5,495,975Liabilities 2022: $97,504Net Assets 2022: $5,398,4712022Assets 2023: $5,918,899Liabilities 2023: $298,694Net Assets 2023: $5,620,2052023Assets 2024: $5,957,286Liabilities 2024: $257,674Net Assets 2024: $5,699,6122024

Highlighted filing

2021

Assets$5,499,914
Liabilities$41,876
Net Assets$5,458,038
Open 2021 Filing

Operations Trend

Revenue Growth4th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $853,0532010Expenses 2011: $1,301,5632011Revenue 2012: $604,888Expenses 2012: $983,500Net Income 2012: -$378,6122012Revenue 2013: $1,128,904Expenses 2013: $672,438Net Income 2013: $456,4662013Revenue 2014: $2,940,800Expenses 2014: $1,999,605Net Income 2014: $941,1952014Revenue 2015: $3,837,281Expenses 2015: $3,666,711Net Income 2015: $170,5702015Revenue 2016: $1,860,055Expenses 2016: $1,683,745Net Income 2016: $176,3102016Revenue 2017: $1,427,084Expenses 2017: $1,369,352Net Income 2017: $57,7322017Revenue 2018: $2,114,396Expenses 2018: $2,067,984Net Income 2018: $46,4122018Revenue 2019: $2,569,143Expenses 2019: $2,469,181Net Income 2019: $99,9622019Revenue 2020: $4,305,575Expenses 2020: $4,113,721Net Income 2020: $191,8542020Revenue 2021: $2,297,456Expenses 2021: $2,148,970Net Income 2021: $148,4862021Revenue 2022: $674,390Expenses 2022: $733,957Net Income 2022: -$59,5672022Revenue 2023: $1,074,424Expenses 2023: $852,690Net Income 2023: $221,7342023Revenue 2024: $1,052,838Expenses 2024: $973,431Net Income 2024: $79,4072024

Highlighted filing

2021

Revenue$2,297,456
Expenses$2,148,970
Net Income$148,486
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 30, 2022
Return Version
2021v4.0
Gross Receipts
$2,297,456
Mission and Program Overview

Mission

Our mission focuses on facilitating and attracting investment, creating new job opportunities, stimulating income growth and expanding the local community tax base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,290,875$4,402,459▲ $111,584
Cash and Non-Interest-Bearing Accounts$447,012$715,472▲ $268,460
Other Notes and Loans Receivable, Net$539,173$353,169▼ $186,004
Pledges and Grants Receivable$50,000--
Accounts Receivable$199,195$27,644▼ $171,551
Land, Buildings, and Equipment, Net$3,557$1,170▼ $2,387
Total Assets$5,529,812$5,499,914▼ $29,898
Liabilities
Accounts Payable and Accrued Expenses$220,260$41,876▼ $178,384
Total Liabilities$220,260$41,876▼ $178,384
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,720,531$4,755,626▲ $35,095
Net Assets Without Donor Restrictions$589,021$702,412▲ $113,391
Total Net Assets Fund Balance$5,309,552$5,458,038▲ $148,486
Total Liabilities and Net Assets / Fund Balance$5,529,812$5,499,914▼ $29,898

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,170$107,978$109,148
Leasehold Improvements-$8,703$8,703
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard WernerPresident/ceFT$139,629$139,629

Board Members and Trustees

NameTitle
Bill MeierChair
Jason OltmanPast Chair
Brian McbroomDirector
Dean BrownDirector
John GatesDirector
Kevin RossDirector
Margo KarstenDirector
Matt LecerfDirector
Perry BuckDirector
Steve MorenoDirector
Paul KnappTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$743,245
Program Service Revenue
$1,553,401
Investment Income
$810
Other Revenue
$0
All Other Contributions
$302,167
Change in Net Assets
$148,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,297,456
Total Revenue per Audited Statements
$2,297,456
Total Revenue per Form 990
$2,297,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,358,118
Salaries, Compensation, and Employee Benefits$602,427
Other Expenses$188,425
Total Fundraising Expense$39,543
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,358,118--$1,358,118
Other Salaries and Wages$208,648$82,845$15,342$306,835
Current Officers, Directors, Trustees, and Key Employees$119,932$47,620$8,819$176,371
Other Employee Benefits$40,568$16,108$2,983$59,659
Fees for Services Other$27,876$11,068$2,049$40,993
Payroll Taxes$25,436$10,099$1,870$37,405
Occupancy$18,908$7,508$1,390$27,806
Pension Plan Contributions$15,067$5,982$1,108$22,157
Fees for Services Accounting$14,965$5,942$1,100$22,007
Advertising$13,843$5,496$1,018$20,357
Travel$8,066$3,203$593$11,862
Information Technology$5,685$2,257$418$8,360
Conferences and Meetings$3,531$1,402$260$5,193
Office Expenses$3,482$1,382$256$5,120
Depreciation Depletion$733$291$54$1,078
Other Expenses$48$19$4$71
Interest$24$10$2$36
Total Functional Expenses$1,895,898$213,529$39,543$2,148,970

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,148,970
Total Expenses per Audited Statements$2,148,970
Total Expenses per Form 990$2,148,970
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 11B

“The form 990 is reviewed by management prior to the 990 being filed.”

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

“Board members are required to abstain from voting on potential conflicts if any, which is reflected in the minutes.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors approves compensation as part of the annual budget process.”

Form 990, Page 6, Part VI, Line 19

“All governing documents, copies of policies, tax returns and financial statements are available to the public upon request. Contact information for upstate colorado economic development can be found on its website at www.upstatecolorado.org.”

Filing and Contact Details

Filer

Filer Name
Greeleyweld Economic Development
EIN
84-1071701
Phone
9703564565
Address
822 7TH STREET RM/STE 550, GREELEY, CO 80631-3933
Doing Business As
Dba Upstate Colorado Economic Devel

Signing Officer

Name
Richard Werner
Title
President/CEO
Phone
9703564565
Signed
2022-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Werner
Formed
1987
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
7

Preparer

Firm
Anderson & Whitney Pc
Address
5801 W 11TH ST STE 300, GREELEY, CO 80634
Preparer
Melissa Bigler CPA
Phone
9703527990
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

“Upstate co economic development”

Raw XML AppendixShowing 400 of 432 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0220260
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041876
IRS990/AccountsReceivableGrp/BOYAmt0199195
IRS990/AccountsReceivableGrp/EOYAmt027644
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OUR MISSION FOCUSES ON FACILITATING AND ATTRACTING INVESTMENT, CREATING NEW JOB OPPORTUNITIES, STIMULATING INCOME GROWTH AND EXPANDING THE LOCAL COMMUNITY TAX BASE.
IRS990/AdvertisingGrp/FundraisingAmt01018
IRS990/AdvertisingGrp/ManagementAndGeneralAmt05496
IRS990/AdvertisingGrp/ProgramServicesAmt013843
IRS990/AdvertisingGrp/TotalAmt020357
IRS990/AllOtherContributionsAmt0302167
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0UPSTATE COLORADO ECONOMIC DEVELOPME
IRS990/BooksInCareOfDetail/PhoneNum09703564565
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0822 7TH STREET SUITE 550
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREELEY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080631
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0447012
IRS990/CashNonInterestBearingGrp/EOYAmt0715472
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt08819
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt047620
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0119932
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0176371
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt0260
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01402
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03531
IRS990/ConferencesMeetingsGrp/TotalAmt05193
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0743245
IRS990/CYGrantsAndSimilarPaidAmt01358118
IRS990/CYInvestmentIncomeAmt0810
IRS990/CYOtherExpensesAmt0188425
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01553401
IRS990/CYRevenuesLessExpensesAmt0148486
IRS990/CYSalariesCompEmpBnftPaidAmt0602427
IRS990/CYTotalExpensesAmt02148970
IRS990/CYTotalFundraisingExpenseAmt039543
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02297456
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt054
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0291
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0733
IRS990/DepreciationDepletionGrp/TotalAmt01078
IRS990/Desc0UPSTATE COLORADO ECONOMIC DEVELOPMENT ADMINISTERS THE GREELEY COMMUNITY DEVELOPMENT FUND(GCDF) AND THE WELD/LARIMER REVOLVING LOAN FUND (RLF). THESE FUNDS ARE USED TO STIMULATE ECONOMIC GROWTH THROUGH NEW BUSINESS AND BUSINESS EXPANSION LOANS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0DBA UPSTATE COLORADO ECONOMIC DEVEL
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt04720531
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04755626
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt043882
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt01100
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05942
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt014965
IRS990/FeesForServicesAccountingGrp/TotalAmt022007
IRS990/FeesForServicesOtherGrp/FundraisingAmt02049
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt011068
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt027876
IRS990/FeesForServicesOtherGrp/TotalAmt040993
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD WERNER
IRS990/Form990PartVIISectionAGrp/PersonNm1DEAN BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2PERRY BUCK
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN GATES
IRS990/Form990PartVIISectionAGrp/PersonNm4MARGO KARSTEN
IRS990/Form990PartVIISectionAGrp/PersonNm5PAUL KNAPP
IRS990/Form990PartVIISectionAGrp/PersonNm6MATT LECERF
IRS990/Form990PartVIISectionAGrp/PersonNm7BRIAN MCBROOM
IRS990/Form990PartVIISectionAGrp/PersonNm8BILL MEIER
IRS990/Form990PartVIISectionAGrp/PersonNm9STEVE MORENO
IRS990/Form990PartVIISectionAGrp/PersonNm10JASON OLTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN ROSS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0139629
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0441078
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01358118
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01358118
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02297456
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0418
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02257
IRS990/InformationTechnologyGrp/ProgramServicesAmt05685
IRS990/InformationTechnologyGrp/TotalAmt08360
IRS990/InterestGrp/FundraisingAmt02
IRS990/InterestGrp/ManagementAndGeneralAmt010
IRS990/InterestGrp/ProgramServicesAmt024
IRS990/InterestGrp/TotalAmt036
IRS990/InvestmentIncomeGrp/ExclusionAmt0810
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0810
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt0144
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0116681
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03557
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01170
IRS990/LandBldgEquipCostOrOtherBssAmt0117851
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OUR MISSION FOCUSES ON FACILITATING AND ATTRACTING INVESTMENT, CREATING NEW JOB OPPORTUNITIES, STIMULATING INCOME GROWTH AND EXPANDING THE LOCAL COMMUNITY TAX BASE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05309552
IRS990/NetAssetsOrFundBalancesEOYAmt05458038
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0589021
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0702412
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01390
IRS990/OccupancyGrp/ManagementAndGeneralAmt07508
IRS990/OccupancyGrp/ProgramServicesAmt018908
IRS990/OccupancyGrp/TotalAmt027806
IRS990/OfficeExpensesGrp/FundraisingAmt0256
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01382
IRS990/OfficeExpensesGrp/ProgramServicesAmt03482
IRS990/OfficeExpensesGrp/TotalAmt05120
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02983
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016108
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt040568
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059659
IRS990/OtherExpensesGrp/Desc0EQUIPMENT/MAINTENANCE
IRS990/OtherExpensesGrp/Desc1DUES/SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/FundraisingAmt01286
IRS990/OtherExpensesGrp/FundraisingAmt1991
IRS990/OtherExpensesGrp/FundraisingAmt24
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06943
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15354
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt219
IRS990/OtherExpensesGrp/ProgramServicesAmt017484
IRS990/OtherExpensesGrp/ProgramServicesAmt113484
IRS990/OtherExpensesGrp/ProgramServicesAmt248
IRS990/OtherExpensesGrp/TotalAmt025713
IRS990/OtherExpensesGrp/TotalAmt119829
IRS990/OtherExpensesGrp/TotalAmt271
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015342
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt082845
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0208648
IRS990/OtherSalariesAndWagesGrp/TotalAmt0306835
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0539173
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0353169
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01870
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010099
IRS990/PayrollTaxesGrp/ProgramServicesAmt025436
IRS990/PayrollTaxesGrp/TotalAmt037405
IRS990/PensionPlanContributionsGrp/FundraisingAmt01108
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05982
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015067
IRS990/PensionPlanContributionsGrp/TotalAmt022157
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICHARD WERNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE CONTRACT
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON DEV LOANS
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01517446
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135096
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2859
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01517446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135096
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2859
IRS990/ProgSrvcAccomActy2Grp/Desc0UPSTATE COLORADO ECONOMIC DEVELOPMENT ENGAGES IN ECONOMIC STIMULATION THROUGH THE ATTRACTION OF NEW BUSINESS AND EXPANDING BUSINESSES. THIS IS ACCOMPLISHED THROUGH MARKETING AND OTHER INVESTMENTS. IN 2021, IT ALSO INCLUDED ADMINISTERING A WELD RECOVERY FUND IN CONJUNCTION WITH WELD COUNTY AND THE STATE OF COLORADO.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01852016
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01358118
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01517446
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0940118
IRS990/PYGrantsAndSimilarPaidAmt03259767
IRS990/PYInvestmentIncomeAmt03147
IRS990/PYOtherExpensesAmt0247480
IRS990/PYProgramServiceRevenueAmt03362310
IRS990/PYRevenuesLessExpensesAmt0191854
IRS990/PYSalariesCompEmpBnftPaidAmt0606474
IRS990/PYTotalExpensesAmt04113721
IRS990/PYTotalRevenueAmt04305575
IRS990/ReconcilationRevenueExpnssAmt0148486
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt035955
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04290875
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04402459
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01170
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0107978
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0109148
IRS990ScheduleD/ExpensesSubtotalAmt02148970
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08703
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08703
IRS990ScheduleD/RevenueSubtotalAmt02297456
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01170
IRS990ScheduleD/TotalExpensesPerForm990Amt02148970
IRS990ScheduleD/TotalRevenuePerForm990Amt02297456
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02297456
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02148970
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01358118
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0150
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT ASSISTANCE TO AID BUSINESSES THAT DEMONSTRATE FINANCIAL STRESS OR DISRUPTED OPERATIONS, DUE TO THE PUBLIC HEALTH CRISIS, WHO ARE TRYING TO REOPEN AND/OR MODIFY THEIR BUSINESS OPERATIONS OR FACILITIES TO SERVE CUSTOMERS IN A SAFE WAY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPSTATE CO ECONOMIC DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO THE 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO ABSTAIN FROM VOTING ON POTENTIAL CONFLICTS IF ANY, WHICH IS REFLECTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES COMPENSATION AS PART OF THE ANNUAL BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS, COPIES OF POLICIES, TAX RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CONTACT INFORMATION FOR UPSTATE COLORADO ECONOMIC DEVELOPMENT CAN BE FOUND ON ITS WEBSITE AT WWW.UPSTATECOLORADO.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05529812
IRS990/TotalAssetsEOYAmt05499914
IRS990/TotalAssetsGrp/BOYAmt05529812
IRS990/TotalAssetsGrp/EOYAmt05499914
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0743245
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039543
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0213529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01895898
IRS990/TotalFunctionalExpensesGrp/TotalAmt02148970
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0220260
IRS990/TotalLiabilitiesEOYAmt041876
IRS990/TotalLiabilitiesGrp/BOYAmt0220260
IRS990/TotalLiabilitiesGrp/EOYAmt041876
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05309552
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05458038
IRS990/TotalProgramServiceExpensesAmt01895898
IRS990/TotalProgramServiceRevenueAmt01553401
IRS990/TotalReportableCompFromOrgAmt0139629
IRS990/TotalRevenueGrp/ExclusionAmt0810
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01553401
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02297456
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05529812
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05499914
IRS990/TravelGrp/FundraisingAmt0593
IRS990/TravelGrp/ManagementAndGeneralAmt03203
IRS990/TravelGrp/ProgramServicesAmt08066
IRS990/TravelGrp/TotalAmt011862
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,499,914
Liabilities
$41,876
Net assets
$5,458,038
Revenue
$2,297,456
Expenses
$2,148,970
Net income
$148,486
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$0.26$5.70$1.05$0.97$0.08
2023Detailed filing. Detailed filing data is available for this year.$5.92$0.30$5.62$1.07$0.85$0.22
2022Detailed filing. Detailed filing data is available for this year.$5.50$0.10$5.40$0.67$0.73$0.06
2021Detailed filing. Detailed filing data is available for this year.$5.50$0.04$5.46$2.30$2.15$0.15
2020Detailed filing. Detailed filing data is available for this year.$5.53$0.22$5.31$4.31$4.11$0.19
2019Detailed filing. Detailed filing data is available for this year.$5.42$0.30$5.12$2.57$2.47$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.20$0.18$5.02$2.11$2.07$0.05
2017Detailed filing. Detailed filing data is available for this year.$5.02$0.05$4.97$1.43$1.37$0.06
2016Detailed filing. Detailed filing data is available for this year.$4.88$0.01$4.86$1.86$1.68$0.18
2015Detailed filing. Detailed filing data is available for this year.$4.70$0.02$4.69$3.84$3.67$0.17
2014Detailed filing. Detailed filing data is available for this year.$4.56$0.04$4.52$2.94$2.00$0.94
2013Detailed filing. Detailed filing data is available for this year.$3.59$0.01$3.58$1.13$0.67$0.46
2012Summary only. Only limited summary data is available for this year.$3.14$0.02$3.12$0.60$0.98$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.02$3.50$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.02$4.12$0.85