Civic Intelligence

Greeleyweld Economic Development

990 • Fiscal year 2022 • EIN 84-1071701

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 14, 2023

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

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

27th percentile

0.14x

Higher debt load relative to revenue than 27% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Net Margin

15th percentile

-8.8%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

30th percentile

$189,193

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Asset Growth

47th percentile

-0.1%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$5,495,975

Down $3,939 (-0.1%) from 2021

Net Assets

Down

$5,398,471

Down $59,567 (-1.1%) from 2021

Liabilities

Up

$97,504

Up $55,628 (+133%) from 2021

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin15th percentile

Revenue

Down

$674,390

Down $1,623,066 (-71%) from 2021

Expenses

Down

$733,957

Down $1,415,013 (-66%) from 2021

Net Income

Down

-$59,567

Down $208,053 (-140%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2022

Assets$5,495,975
Liabilities$97,504
Net Assets$5,398,471
Open 2022 Filing

Operations Trend

Revenue Growth2nd 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

2022

Revenue$674,390
Expenses$733,957
Net Income-$59,567
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 14, 2023
Return Version
2022v5.0
Gross Receipts
$674,390
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$4,402,459$4,619,520▲ $217,061
Cash and Non-Interest-Bearing Accounts$715,472$645,526▼ $69,946
Other Notes and Loans Receivable, Net$353,169$180,081▼ $173,088
Accounts Receivable$27,644$50,030▲ $22,386
Land, Buildings, and Equipment, Net$1,170$818▼ $352
Total Assets$5,499,914$5,495,975▼ $3,939
Liabilities
Accounts Payable and Accrued Expenses$41,876$97,504▲ $55,628
Total Liabilities$41,876$97,504▲ $55,628
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,755,626$4,721,780▼ $33,846
Net Assets Without Donor Restrictions$702,412$676,691▼ $25,721
Total Net Assets Fund Balance$5,458,038$5,398,471▼ $59,567
Total Liabilities and Net Assets / Fund Balance$5,499,914$5,495,975▼ $3,939

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$-7,885$99,883$91,998
Leasehold Improvements$8,703-$8,703
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard WernerPresident/ceFT$189,193-$189,193
Richard WernerPresident/CEO-$174,193$15,000$189,193

Board Members and Trustees

NameTitle
Bill MeierChair
Jason OltmanPast Chair
Brian McbroomDirector
Christopher KirkDirector
Dean BrownDirector
John GatesDirector
Kevin RossDirector
Margo KarstenDirector
Nick LarsonDirector
Perry BuckDirector
Tim CroissantDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$342,319
Program Service Revenue
$327,987
Investment Income
$4,084
Other Revenue
$0
All Other Contributions
$321,759
Change in Net Assets
$-59,567

Audited Revenue Reconciliation

Revenue per Audited Statements
$674,390
Total Revenue per Audited Statements
$674,390
Total Revenue per Form 990
$674,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$537,943
Other Expenses$196,014
Total Fundraising Expense$36,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$158,130$62,787$11,627$232,544
Current Officers, Directors, Trustees, and Key Employees$128,651$51,082$9,460$189,193
Other Employee Benefits$34,488$13,695$2,536$50,719
Travel$29,812$11,838$2,193$43,843
Payroll Taxes$24,840$9,863$1,826$36,529
Pension Plan Contributions$19,691$7,819$1,448$28,958
Occupancy$19,065$7,570$1,402$28,037
Fees for Services Accounting$16,931$6,722$1,245$24,898
Advertising$14,600$5,797$1,074$21,471
Office Expenses$5,994$2,381$441$8,816
Information Technology$4,731$1,878$348$6,957
Fees for Services Other$4,271$1,694$313$6,278
Conferences and Meetings$4,076$1,618$300$5,994
Other Expenses$410$163$30$603
Depreciation Depletion$238$95$18$351
Total Functional Expenses$499,089$198,168$36,700$733,957

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$733,957
Total Expenses per Audited Statements$733,957
Total Expenses per Form 990$733,957
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
2023-08-14
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
5

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”

Form 990, Page 2, Part III, Line 4D

“Upstate colorado economic development engages in economic stimulation through the attraction of new business and expanding businesses. This is accomplished through marketing and other investments.”

Raw XML AppendixShowing 400 of 435 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/BOYAmt041876
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt097504
IRS990/AccountsReceivableGrp/BOYAmt027644
IRS990/AccountsReceivableGrp/EOYAmt050030
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/FundraisingAmt01074
IRS990/AdvertisingGrp/ManagementAndGeneralAmt05797
IRS990/AdvertisingGrp/ProgramServicesAmt014600
IRS990/AdvertisingGrp/TotalAmt021471
IRS990/AllOtherContributionsAmt0321759
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/BOYAmt0715472
IRS990/CashNonInterestBearingGrp/EOYAmt0645526
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt09460
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt051082
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0128651
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0189193
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt0300
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01618
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04076
IRS990/ConferencesMeetingsGrp/TotalAmt05994
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0342319
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04084
IRS990/CYOtherExpensesAmt0196014
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0327987
IRS990/CYRevenuesLessExpensesAmt0-59567
IRS990/CYSalariesCompEmpBnftPaidAmt0537943
IRS990/CYTotalExpensesAmt0733957
IRS990/CYTotalFundraisingExpenseAmt036700
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0674390
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt018
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt095
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0238
IRS990/DepreciationDepletionGrp/TotalAmt0351
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/BOYAmt04755626
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04721780
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt068435
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt01245
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06722
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt016931
IRS990/FeesForServicesAccountingGrp/TotalAmt024898
IRS990/FeesForServicesOtherGrp/FundraisingAmt0313
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01694
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04271
IRS990/FeesForServicesOtherGrp/TotalAmt06278
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/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/PersonNm3TIM CROISSANT
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN GATES
IRS990/Form990PartVIISectionAGrp/PersonNm5MARGO KARSTEN
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRISTOPHER KIRK
IRS990/Form990PartVIISectionAGrp/PersonNm7NICK LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm8BRIAN MCBROOM
IRS990/Form990PartVIISectionAGrp/PersonNm9BILL MEIER
IRS990/Form990PartVIISectionAGrp/PersonNm10JASON OLTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN ROSS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0189193
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/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
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/GovernmentGrantsAmt020560
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0674390
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0348
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01878
IRS990/InformationTechnologyGrp/ProgramServicesAmt04731
IRS990/InformationTechnologyGrp/TotalAmt06957
IRS990/InvestmentIncomeGrp/ExclusionAmt04084
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04084
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt0150
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt099883
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01170
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0818
IRS990/LandBldgEquipCostOrOtherBssAmt0100701
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/NetAssetsOrFundBalancesBOYAmt05458038
IRS990/NetAssetsOrFundBalancesEOYAmt05398471
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0702412
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0676691
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01402
IRS990/OccupancyGrp/ManagementAndGeneralAmt07570
IRS990/OccupancyGrp/ProgramServicesAmt019065
IRS990/OccupancyGrp/TotalAmt028037
IRS990/OfficeExpensesGrp/FundraisingAmt0441
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02381
IRS990/OfficeExpensesGrp/ProgramServicesAmt05994
IRS990/OfficeExpensesGrp/TotalAmt08816
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02536
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013695
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt034488
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050719
IRS990/OtherExpensesGrp/Desc0DUES/SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT/MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BANK FEES & OTHER CHARGES
IRS990/OtherExpensesGrp/FundraisingAmt01477
IRS990/OtherExpensesGrp/FundraisingAmt1962
IRS990/OtherExpensesGrp/FundraisingAmt230
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15193
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2163
IRS990/OtherExpensesGrp/ProgramServicesAmt020081
IRS990/OtherExpensesGrp/ProgramServicesAmt113080
IRS990/OtherExpensesGrp/ProgramServicesAmt2410
IRS990/OtherExpensesGrp/TotalAmt029531
IRS990/OtherExpensesGrp/TotalAmt119235
IRS990/OtherExpensesGrp/TotalAmt2603
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011627
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062787
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0158130
IRS990/OtherSalariesAndWagesGrp/TotalAmt0232544
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0353169
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0180081
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01826
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09863
IRS990/PayrollTaxesGrp/ProgramServicesAmt024840
IRS990/PayrollTaxesGrp/TotalAmt036529
IRS990/PensionPlanContributionsGrp/FundraisingAmt01448
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07819
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt019691
IRS990/PensionPlanContributionsGrp/TotalAmt028958
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICHARD WERNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GOVERNMENT GRANTS
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON DEV LOANS
IRS990/ProgramServiceRevenueGrp/Desc2LOAN RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0282500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125624
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3513
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0282500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125624
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3513
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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0430654
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0283013
IRS990/ProgSrvcAccomActyOtherGrp/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.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0743245
IRS990/PYGrantsAndSimilarPaidAmt01358118
IRS990/PYInvestmentIncomeAmt0810
IRS990/PYOtherExpensesAmt0188425
IRS990/PYProgramServiceRevenueAmt01553401
IRS990/PYRevenuesLessExpensesAmt0148486
IRS990/PYSalariesCompEmpBnftPaidAmt0602427
IRS990/PYTotalExpensesAmt02148970
IRS990/PYTotalRevenueAmt02297456
IRS990/ReconcilationRevenueExpnssAmt0-59567
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt044974
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04402459
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04619520
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/BookValueAmt0-7885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099883
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091998
IRS990ScheduleD/ExpensesSubtotalAmt0733957
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08703
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08703
IRS990ScheduleD/RevenueSubtotalAmt0674390
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0818
IRS990ScheduleD/TotalExpensesPerForm990Amt0733957
IRS990ScheduleD/TotalRevenuePerForm990Amt0674390
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0674390
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0733957
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0174193
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD WERNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0189193
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPSTATE CO ECONOMIC DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPSTATE COLORADO ECONOMIC DEVELOPMENT ENGAGES IN ECONOMIC STIMULATION THROUGH THE ATTRACTION OF NEW BUSINESS AND EXPANDING BUSINESSES. THIS IS ACCOMPLISHED THROUGH MARKETING AND OTHER INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO THE 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO ABSTAIN FROM VOTING ON POTENTIAL CONFLICTS IF ANY, WHICH IS REFLECTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS APPROVES COMPENSATION AS PART OF THE ANNUAL BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL 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 2, PART III, LINE 4D
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 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/TotalAssetsBOYAmt05499914
IRS990/TotalAssetsEOYAmt05495975
IRS990/TotalAssetsGrp/BOYAmt05499914
IRS990/TotalAssetsGrp/EOYAmt05495975
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0342319
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt036700
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0198168
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0499089
IRS990/TotalFunctionalExpensesGrp/TotalAmt0733957
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt041876
IRS990/TotalLiabilitiesEOYAmt097504
IRS990/TotalLiabilitiesGrp/BOYAmt041876
IRS990/TotalLiabilitiesGrp/EOYAmt097504
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05458038
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05398471
IRS990/TotalProgramServiceExpensesAmt0499089
IRS990/TotalProgramServiceRevenueAmt0327987
IRS990/TotalReportableCompFromOrgAmt0189193
IRS990/TotalRevenueGrp/ExclusionAmt04084
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0327987
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0674390
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05499914
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05495975
IRS990/TravelGrp/FundraisingAmt02193
IRS990/TravelGrp/ManagementAndGeneralAmt011838
IRS990/TravelGrp/ProgramServicesAmt029812
IRS990/TravelGrp/TotalAmt043843
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,495,975
Liabilities
$97,504
Net assets
$5,398,471
Revenue
$674,390
Expenses
$733,957
Net income
-$59,567
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