Civic Intelligence

Klamath Co Economic Development Assn

990 • Fiscal year 2019 • EIN 93-0654603

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 06, 2020

205 Riverside Drive Ste EKlamath Falls, OR 97601

(541) 882-9600

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.10x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.09x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$92,003

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

92nd percentile

43%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

53%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$505,572

Up $151,109 (+43%) from 2018

Net Assets

Up

$456,145

Up $149,678 (+49%) from 2018

Liabilities

Up

$49,427

Up $1,431 (+3.0%) from 2018

Revenue

Up

$543,488

Up $188,079 (+53%) from 2018

Expenses

Down

$393,810

Down $46,416 (-11%) from 2018

Net Income

Up

$149,678

Up $234,495 (+276%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $19,544Liabilities 2011: $33,889Net Assets 2011: -$14,3452011Assets 2012: $14,044Liabilities 2012: $25,314Net Assets 2012: -$11,2702012Assets 2013: $27,830Liabilities 2013: $20,617Net Assets 2013: $7,2132013Assets 2014: $19,863Liabilities 2014: $34,848Net Assets 2014: -$14,9852014Assets 2015: $137,686Liabilities 2015: $17,661Net Assets 2015: $120,0252015Assets 2016: $176,066Liabilities 2016: $5,923Net Assets 2016: $170,1432016Assets 2017: $391,453Liabilities 2017: $168Net Assets 2017: $391,2852017Assets 2018: $354,463Liabilities 2018: $47,996Net Assets 2018: $306,4672018Assets 2019: $505,572Liabilities 2019: $49,427Net Assets 2019: $456,1452019Assets 2020: $661,132Liabilities 2020: $36,446Net Assets 2020: $624,6862020Assets 2021: $743,629Liabilities 2021: $23,186Net Assets 2021: $720,4432021Assets 2022: $2,225,243Liabilities 2022: $765,036Net Assets 2022: $1,460,2072022Assets 2023: $1,999,693Liabilities 2023: $754,717Net Assets 2023: $1,244,9762023Assets 2024: $3,044,118Liabilities 2024: $753,940Net Assets 2024: $2,290,1782024Assets 2025: $2,651,915Liabilities 2025: $755,558Net Assets 2025: $1,896,3572025

Highlighted filing

2019

Assets$505,572
Liabilities$49,427
Net Assets$456,145

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $163,726Expenses 2011: $178,474Net Income 2011: -$14,7482011Revenue 2012: $202,823Expenses 2012: $199,749Net Income 2012: $3,0742012Revenue 2013: $239,568Expenses 2013: $221,084Net Income 2013: $18,4842013Revenue 2014: $187,392Expenses 2014: $209,590Net Income 2014: -$22,1982014Revenue 2015: $327,252Expenses 2015: $192,242Net Income 2015: $135,0102015Revenue 2016: $435,311Expenses 2016: $385,193Net Income 2016: $50,1182016Revenue 2017: $721,053Expenses 2017: $499,911Net Income 2017: $221,1422017Revenue 2018: $355,409Expenses 2018: $440,226Net Income 2018: -$84,8172018Revenue 2019: $543,488Expenses 2019: $393,810Net Income 2019: $149,6782019Revenue 2020: $636,945Expenses 2020: $468,404Net Income 2020: $168,5412020Revenue 2021: $552,635Expenses 2021: $456,878Net Income 2021: $95,7572021Revenue 2022: $1,702,886Expenses 2022: $963,122Net Income 2022: $739,7642022Revenue 2023: $788,865Expenses 2023: $1,004,096Net Income 2023: -$215,2312023Revenue 2024: $2,351,160Expenses 2024: $1,305,957Net Income 2024: $1,045,2032024Revenue 2025: $1,799,365Expenses 2025: $2,205,703Net Income 2025: -$406,3382025

Highlighted filing

2019

Revenue$543,488
Expenses$393,810
Net Income$149,678
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 6, 2020
Return Version
2018v3.1
Gross Receipts
$543,488
Mission and Program Overview

Mission

The organization's mission is to promote new and existing business development in southern oregon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$284,365$464,795▲ $180,430
Accounts Receivable$67,700$39,000▼ $28,700
Land, Buildings, and Equipment, Net$2,055$1,777▼ $278
Total Assets$354,463$505,572▲ $151,109
Other Assets Total$343$0▼ $343
Liabilities
Other Liabilities$168$49,427▲ $49,259
Accounts Payable and Accrued Expenses$47,828--
Total Liabilities$47,996$49,427▲ $1,431
Net Assets / Fund Balance
Unrestricted Net Assets$306,467$456,145▲ $149,678
Total Net Assets Fund Balance$306,467$456,145▲ $149,678
Total Liabilities and Net Assets / Fund Balance$354,463$505,572▲ $151,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$460$15,086$15,546
Buildings$1,317$810$2,127
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Randy CoxManager/officerFT$92,003$92,003
GREG O'SULLIVANManager/officerFT$10,085$10,085

Board Members and Trustees

NameTitle
Lauren JespersenPresident
Randy ShawVice President
Al PranghoferDirector
Allison YorkDirector
Amy PickettDirector
Anna HawkinsDirector
Brian FoxDirector
Carol ValenzuelaDirector
Chad OlneyDirector
Cindy SchmeckDirector
Dan MorrisonDirector
Debra GisrielDirector
Dennis WinnDirector
Donnie BoydDirector
Erik SteimleDirector
George RogersDirector
Jared HallDirector
Jerry MeyersDirector
Joe SpendoliniDirector
Joe YoungDirector
John BellDirector
Justin BraswellDirector
Lance LeuseurDirector
Mark WendtDirector
Matt HurleyDirector
Nathan CherpeskiDirector
Neal EberleinDirector
Orville ShockeyDirector
Paul StewartDirector
Robert KingzettDirector
Roberto GutierrezDirector
Ron StewartDirector
Ryan KliewerDirector
Sophia HomfeldtDirector
Stan GilbertDirector
Stephanie HircheDirector
Steve BocchiDirector
Steve VincentDirector
Tayo AkinsDirector
Todd AndresDirector
Ann CavanaughSecretary
Terry ScrogginTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$543,428
Program Service Revenue
$0
Investment Income
$60
Other Revenue
$0
All Other Contributions
$267,178
Change in Net Assets
$149,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$302,095
Other Expenses$85,055
Grants and Similar Amounts Paid$6,660
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$150,230$16,692-$166,922
Current Officers, Directors, Trustees, and Key Employees-$102,088-$102,088
Payroll Taxes$18,935$2,104-$21,039
Occupancy$14,118$1,569-$15,687
Office Expenses$12,747$1,416-$14,163
Other Employee Benefits$10,842$1,204-$12,046
Advertising$10,993--$10,993
Fees for Services Accounting-$9,440-$9,440
Fees for Services Other$9,296$99-$9,395
Travel$6,331$703-$7,034
Grants to Domestic Individuals$6,660--$6,660
Insurance$3,279$365-$3,644
Depreciation Depletion-$278-$278
Other Expenses$160$18-$178
All Other Expenses-$115-$115
Total Functional Expenses$256,296$137,514$0$393,810
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Benefits$48,631
Payroll Liabilities$796
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Part VI, Section B, Line 11B

Form 990 is reviewed during a board meeting before it is filed.

Form 990, Part VI, Section C, Line 19

All corporate documents are available for viewing at the corporate office upon request.

Filing and Contact Details

Filer

Filer Name
Klamath Co Economic Development Assn
EIN
93-0654603
Phone
5418829600
Address
205 RIVERSIDE DRIVE STE E, KLAMATH FALLS, OR 97601

Signing Officer

Name
Randy Cox
Title
Executive Director
Phone
5418829600
Signed
2020-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Cox
Formed
1975
Legal Domicile
Or
Voting Board Members
44
Independent Board Members
42
Employees
4
Volunteers
0

Preparer

Firm
Molatore Scroggin Peterson & Co Llp
Address
824 PINE STREET, KLAMATH FALLS, OR 97601
Preparer
Terry Scroggin
Phone
5418844164
Raw XML AppendixShowing 400 of 623 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm22CHAD OLNEY
IRS990/Form990PartVIISectionAGrp/PersonNm23STEVE BOCCHI
IRS990/Form990PartVIISectionAGrp/PersonNm24GEORGE ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm25PAUL STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm26NEAL EBERLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm27ROBERT KINGZETT
IRS990/Form990PartVIISectionAGrp/PersonNm28ALLISON YORK
IRS990/Form990PartVIISectionAGrp/PersonNm29CINDY SCHMECK
IRS990/Form990PartVIISectionAGrp/PersonNm30JERRY MEYERS
IRS990/Form990PartVIISectionAGrp/PersonNm31JUSTIN BRASWELL
IRS990/Form990PartVIISectionAGrp/PersonNm32DAN MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm33TAYO AKINS
IRS990/Form990PartVIISectionAGrp/PersonNm34STEPHANIE HIRCHE
IRS990/Form990PartVIISectionAGrp/PersonNm35AMY PICKETT
IRS990/Form990PartVIISectionAGrp/PersonNm36CAROL VALENZUELA
IRS990/Form990PartVIISectionAGrp/PersonNm37JOE SPENDOLINI
IRS990/Form990PartVIISectionAGrp/PersonNm38RON STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm39LANCE LEUSEUR
IRS990/Form990PartVIISectionAGrp/PersonNm40ERIK STEIMLE
IRS990/Form990PartVIISectionAGrp/PersonNm41RYAN KLIEWER
IRS990/Form990PartVIISectionAGrp/PersonNm42GREG O'SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm43RANDY COX
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
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/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt360
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4210085
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4392003
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt39DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt40DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt41DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt42MANAGER/OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt43MANAGER/OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt044
IRS990/GrantAmt06660
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt06660
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt06660
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0543488

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.65$0.76$1.90$1.80$2.21$0.41
2024Detailed filing. Detailed filing data is available for this year.$3.04$0.75$2.29$2.35$1.31$1.05
2023Detailed filing. Detailed filing data is available for this year.$2.00$0.75$1.24$0.79$1.00$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.23$0.77$1.46$1.70$0.96$0.74
2021Detailed filing. Detailed filing data is available for this year.$0.74$0.02$0.72$0.55$0.46$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.04$0.62$0.64$0.47$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.05$0.46$0.54$0.39$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.31$0.36$0.44$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.72$0.50$0.22
2016Summary only. Only limited summary data is available for this year.$0.18$0.01$0.17$0.44$0.39$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.33$0.19$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.03$0.01$0.19$0.21$0.02
2013Summary only. Only limited summary data is available for this year.$0.03$0.02$0.01$0.24$0.22$0.02
2012Summary only. Only limited summary data is available for this year.$0.01$0.03$0.01$0.20$0.20$0.00
2011Summary only. Only limited summary data is available for this year.$0.02$0.03$0.01$0.16$0.18$0.01