Civic Intelligence

La Plata Economic Development Alliance

990 • Fiscal year 2020 • EIN 84-1533334

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 21, 2021

2301 Main AvenueDurango, CO 81301

(970) 259-1700

Siviq Scores

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

Liabilities / Assets

55th percentile

0.01x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.02x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-10%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$95,913

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 33.5% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

37th percentile

-4.0%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

-8.6%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$391,955

Down $16,506 (-4.0%) from 2019

Net Assets

Down

$386,753

Down $20,131 (-4.9%) from 2019

Liabilities

Up

$5,202

Up $3,625 (+230%) from 2019

Revenue

Down

$286,126

Down $26,969 (-8.6%) from 2019

Expenses

Up

$315,431

Up $54,648 (+21%) from 2019

Net Income

Down

-$29,305

Down $81,617 (-156%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $200,004Liabilities 2011: $13,179Net Assets 2011: $186,8252011Assets 2012: $222,744Liabilities 2012: $15,999Net Assets 2012: $206,7452012Assets 2013: $234,592Liabilities 2013: $3,737Net Assets 2013: $230,8552013Assets 2014: $257,862Liabilities 2014: $15,546Net Assets 2014: $242,3162014Assets 2015: $286,717Liabilities 2015: $23,410Net Assets 2015: $263,3072015Assets 2016: $299,615Liabilities 2016: $21,683Net Assets 2016: $277,9322016Assets 2017: $317,928Liabilities 2017: $23,763Net Assets 2017: $294,1652017Assets 2018: $345,870Liabilities 2018: $13,197Net Assets 2018: $332,6732018Assets 2019: $408,461Liabilities 2019: $1,577Net Assets 2019: $406,8842019Assets 2020: $391,955Liabilities 2020: $5,202Net Assets 2020: $386,7532020Assets 2021: $632,788Liabilities 2021: $55,991Net Assets 2021: $576,7972021Assets 2022: $849,537Liabilities 2022: $215,108Net Assets 2022: $634,4292022Assets 2023: $1,406,051Liabilities 2023: $279,926Net Assets 2023: $1,126,1252023Assets 2024: $1,352,240Liabilities 2024: $197,638Net Assets 2024: $1,154,6022024

Highlighted filing

2020

Assets$391,955
Liabilities$5,202
Net Assets$386,753

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $216,782Expenses 2011: $176,340Net Income 2011: $40,4422011Expenses 2012: $244,0372012Revenue 2013: $290,117Expenses 2013: $266,007Net Income 2013: $24,1102013Revenue 2014: $301,833Expenses 2014: $267,457Net Income 2014: $34,3762014Revenue 2015: $331,477Expenses 2015: $312,853Net Income 2015: $18,6242015Revenue 2016: $393,471Expenses 2016: $378,846Net Income 2016: $14,6252016Revenue 2017: $338,365Expenses 2017: $321,349Net Income 2017: $17,0162017Revenue 2018: $354,927Expenses 2018: $310,295Net Income 2018: $44,6322018Revenue 2019: $313,095Expenses 2019: $260,783Net Income 2019: $52,3122019Revenue 2020: $286,126Expenses 2020: $315,431Net Income 2020: -$29,3052020Revenue 2021: $569,138Expenses 2021: $382,758Net Income 2021: $186,3802021Revenue 2022: $573,629Expenses 2022: $481,206Net Income 2022: $92,4232022Revenue 2023: $1,355,005Expenses 2023: $839,311Net Income 2023: $515,6942023Revenue 2024: $1,425,181Expenses 2024: $1,422,048Net Income 2024: $3,1332024

Highlighted filing

2020

Revenue$286,126
Expenses$315,431
Net Income-$29,305
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 21, 2021
Return Version
2020v4.0
Gross Receipts
$287,149
Mission and Program Overview

Mission

To create a vibrant business community and a range of employment opportunities for la plata county citizens through retention, expansion and recruitment of quality businesses.

To create a vibrant and resilient economy from the recruitment, retainment, and growth of business, by fostering public and private partnerships, and preserving our quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$276,796$256,617▼ $20,179
Investments in Publicly Traded Securities$109,200$118,219▲ $9,019
Investments Program Related$21,013$8,675▼ $12,338
Accounts Receivable$658$6,620▲ $5,962
Prepaid Expenses and Deferred Charges-$1,824-
Savings and Temporary Cash Investments$794$0▼ $794
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$408,461$391,955▼ $16,506
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,577$5,202▲ $3,625
Total Liabilities$1,577$5,202▲ $3,625
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$322,384$316,253▼ $6,131
Net Assets With Donor Restrictions$84,500$70,500▼ $14,000
Total Net Assets Fund Balance$406,884$386,753▼ $20,131
Total Liabilities and Net Assets / Fund Balance$408,461$391,955▼ $16,506

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,274$2,274
Investment Program Related Org$8,675--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael FrenchExecutive DirectorFT$95,913$95,913

Board Members and Trustees

NameTitle
Jameson BobbinChairman
Dan KormanVice Chair
Ashleigh TarkingtonDirector
Barbra NoseworthyDirector
Clyde ChurchDirector
Dr Tom StritikusDirector
Patti ZinkDirector
Sharon CraigDirector
Brian KimmelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$291,695
Program Service Revenue
$4,505
Investment Income
$165
Other Revenue
$-10,239
All Other Contributions
$12,000
Change in Net Assets
$-29,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$204,884
Other Expenses$110,547
Total Fundraising Expense$24,367
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,139$19,183$9,591$95,913
Other Salaries and Wages$52,203$14,914$7,458$74,575
Other Employee Benefits$15,133$4,322$2,162$21,617
Payroll Taxes$8,945$2,556$1,278$12,779
Fees for Services Other$6,762$4,489$180$11,431
Office Expenses$6,833$2,063$976$9,872
Occupancy$6,545$1,870$935$9,350
Conferences and Meetings$5,562--$5,562
Fees for Services Legal-$3,600-$3,600
Advertising$3,087--$3,087
Fees for Services Accounting-$2,582-$2,582
Other Expenses$4,724-$1,754$1,754
Travel$1,197--$1,197
Fees for Service Investment Mgmnt Fees-$1,076-$1,076
All Other Expenses$500$96-$596
Insurance$235$159$33$427
Total Functional Expenses$234,154$56,910$24,367$315,431
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization is made up of members. The members elect the members of the executive board and approve significant decisions of the excutive board.

Form 990, Part VI, Line 11B: Form 990 Review Process

Tax return reviewed by the Executive Director before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All members are asked to identify potential conflicts before all monthly member meetings and Executive Board meetings.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director's compensation is reviewed annually by the Executive Board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Made available upon request.

Filing and Contact Details

Filer

Filer Name
La Plata County Economic Development
EIN
84-1533334
Phone
9702591700
Address
2301 Main Avenue, Durango, CO 81301

Signing Officer

Name
Michael French
Title
Executive Director
Signed
2021-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael French
Formed
2000
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
12

Preparer

Firm
FredrickZink & Associates PC CPAs
Address
954 East 2nd Avenue 201, Durango, CO 81301
Preparer
Michelle Sainio
Phone
9702470506
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0316253
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0935
IRS990/OccupancyGrp/ManagementAndGeneralAmt01870
IRS990/OccupancyGrp/ProgramServicesAmt06545
IRS990/OccupancyGrp/TotalAmt09350
IRS990/OfficeExpensesGrp/FundraisingAmt0976
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02063
IRS990/OfficeExpensesGrp/ProgramServicesAmt06833
IRS990/OfficeExpensesGrp/TotalAmt09872
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02162
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04322
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015133
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021617
IRS990/OtherExpensesGrp/Desc0Initiatives
IRS990/OtherExpensesGrp/Desc1Website Development
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Bank and credit card fees
IRS990/OtherExpensesGrp/FundraisingAmt01754
IRS990/OtherExpensesGrp/ProgramServicesAmt044822
IRS990/OtherExpensesGrp/ProgramServicesAmt110467
IRS990/OtherExpensesGrp/ProgramServicesAmt24724
IRS990/OtherExpensesGrp/TotalAmt044822
IRS990/OtherExpensesGrp/TotalAmt110467
IRS990/OtherExpensesGrp/TotalAmt24724
IRS990/OtherExpensesGrp/TotalAmt31754
IRS990/OtherRevenueMiscGrp/BusinessCd0900003
IRS990/OtherRevenueMiscGrp/Desc0SCAPE K1 Activity
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-12339
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-12339
IRS990/OtherRevenueTotalAmt0-12339
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07458
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014914
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt052203
IRS990/OtherSalariesAndWagesGrp/TotalAmt074575
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt01278
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02556
IRS990/PayrollTaxesGrp/ProgramServicesAmt08945
IRS990/PayrollTaxesGrp/TotalAmt012779
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01824
IRS990/PrincipalOfficerNm0Michael French
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Economic Summit
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04505
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0249050
IRS990/PYInvestmentIncomeAmt01491
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0223338
IRS990/PYOtherRevenueAmt09624
IRS990/PYProgramServiceRevenueAmt052930
IRS990/PYRevenuesLessExpensesAmt052312
IRS990/PYSalariesCompEmpBnftPaidAmt037445
IRS990/PYTotalExpensesAmt0260783
IRS990/PYTotalRevenueAmt0313095
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-29305
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02100
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0284200
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0794
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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/DepreciationAmt02274
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02274
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt08675
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SCAPE Investments
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is made up of members. The members elect the members of the executive board and approve significant decisions of the excutive board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Tax return reviewed by the Executive Director before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All members are asked to identify potential conflicts before all monthly member meetings and Executive Board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Director's compensation is reviewed annually by the Executive Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0408461
IRS990/TotalAssetsEOYAmt0391955
IRS990/TotalAssetsGrp/BOYAmt0408461
IRS990/TotalAssetsGrp/EOYAmt0391955
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0291695
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024367
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056910
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0234154
IRS990/TotalFunctionalExpensesGrp/TotalAmt0315431
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01577
IRS990/TotalLiabilitiesEOYAmt05202
IRS990/TotalLiabilitiesGrp/BOYAmt01577
IRS990/TotalLiabilitiesGrp/EOYAmt05202
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0406884
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0386753
IRS990/TotalProgramServiceExpensesAmt0234154
IRS990/TotalProgramServiceRevenueAmt04505
IRS990/TotalReportableCompFromOrgAmt095913
IRS990/TotalRevenueGrp/ExclusionAmt02138
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-7707
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286126
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0408461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0391955
IRS990/TravelGrp/ProgramServicesAmt01197
IRS990/TravelGrp/TotalAmt01197
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.20$1.15$1.43$1.42$0.00
2023Summary only. Only limited summary data is available for this year.$1.41$0.28$1.13$1.36$0.84$0.52
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.22$0.63$0.57$0.48$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.06$0.58$0.57$0.38$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.39$0.29$0.32$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.00$0.41$0.31$0.26$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.01$0.33$0.35$0.31$0.04
2017Summary only. Only limited summary data is available for this year.$0.32$0.02$0.29$0.34$0.32$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.02$0.28$0.39$0.38$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.02$0.26$0.33$0.31$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.24$0.30$0.27$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.29$0.27$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.02$0.21$0.24
2011Summary only. Only limited summary data is available for this year.$0.20$0.01$0.19$0.22$0.18$0.04