Civic Intelligence

Klamath Co Economic Development Assn

990 • Fiscal year 2015 • EIN 93-0654603

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 11, 2015

Organization ProfileTEAMKLAMATH.COM

View Organization Page

205 Riverside Suite 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

78th percentile

0.13x

Higher debt load relative to assets than 78% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.05x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Net Margin

93rd percentile

41%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

99th percentile

593%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

75%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$137,686

Up $117,823 (+593%) from 2014

Net Assets

Up

$120,025

Up $135,010 (+901%) from 2014

Liabilities

Down

$17,661

Down $17,187 (-49%) from 2014

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin93rd percentile

Revenue

Up

$327,252

Up $139,860 (+75%) from 2014

Expenses

Down

$192,242

Down $17,348 (-8.3%) from 2014

Net Income

Up

$135,010

Up $157,208 (+708%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2015

Assets$137,686
Liabilities$17,661
Net Assets$120,025
Open 2015 Filing

Operations Trend

Revenue Growth94th percentile

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

2015

Revenue$327,252
Expenses$192,242
Net Income$135,010
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$327,252
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,168$135,169▲ $119,001
Land, Buildings, and Equipment, Net$3,695$2,517▼ $1,178
Total Assets$19,863$137,686▲ $117,823
Liabilities
Other Liabilities$34,848$17,661▼ $17,187
Total Liabilities$34,848$17,661▼ $17,187
Net Assets / Fund Balance
Unrestricted Net Assets$-14,985$120,025▲ $135,010
Total Net Assets Fund Balance$-14,985$120,025▲ $135,010
Total Liabilities and Net Assets / Fund Balance$19,863$137,686▲ $117,823

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,517$55,809$58,326
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Lauren JespersenPresident
Donnie BoydDirector
Jason NashDirector
Matt HurleyDirector
Randy ShawDirector
Russ CarterDirector
Sam PorterDirector
Stan GilbertDirector
Todd AndresDirector
Albert WedamSecretary
Ann CavanaughTreasurer
Mark WendtVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$327,211
Program Service Revenue
$0
Investment Income
$41
Other Revenue
$0
All Other Contributions
$192,094
Change in Net Assets
$135,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,759
Salaries, Compensation, and Employee Benefits$95,483
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,317$6,369-$63,686
All Other Expenses$12,910$7,840-$20,750
Other Employee Benefits$16,152$1,795-$17,947
Fees for Services Accounting-$10,668-$10,668
Pension Plan Contributions$8,256$917-$9,173
Occupancy$6,179$687-$6,866
Other Expenses$5,205$1,482-$5,205
Travel$4,472$497-$4,969
Payroll Taxes$4,209$468-$4,677
Advertising$3,541--$3,541
Office Expenses-$2,683-$2,683
Depreciation Depletion$1,178--$1,178
Conferences and Meetings$995--$995
Interest-$291-$291
Total Functional Expenses$158,545$33,697$0$192,242
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
Compensation Absences$13,331
Payroll Liabilities Payable$3,160
Employee Benefits$1,153
Aflac$17
Wells Fargo Credit Card-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board of directors in a board meeting prior to filing.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Klamath County Economic Development
EIN
93-0654603
Phone
5418829600
Address
205 RIVERSIDE SUITE E, KLAMATH FALLS, OR 97601

Signing Officer

Name
GREG O'SULLIVAN
Title
Executive Director
Phone
5418829600
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
GREG O'SULLIVAN
Formed
1975
Legal Domicile
Or
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
Wicks Emmett Llp
Address
358 NE WINCHESTER ST - PO BOX 2350, ROSEBURG, OR 97470-3327
Preparer
Brian F Menefee CPA
Phone
5416734423
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Telephone 3,905 434 0 pass thru grant 0 3,500 0 printing 3,111 346 0 insurance d&o 0 3,196 0 insurance liability 2,142 238 0 public relations 1,598 0 0 meals 1,403 0 0 travel meals 401 0 0 insurance workers comp 175 20 0 postage 175 20 0 licenses 0 50 0 bank charges 0 36 0”

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

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IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02517
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055809
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt058326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013331
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21153
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMPENSATION ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2EMPLOYEE BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3AFLAC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4WELLS FARGO CREDIT CARD
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02517
IRS990ScheduleD/TotalLiabilityAmt017661
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS IN A BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CORPORATE DOCUMENTS ARE AVAILABLE FOR VIEWING AT THE CORPORATE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TELEPHONE 3,905 434 0 PASS THRU GRANT 0 3,500 0 PRINTING 3,111 346 0 INSURANCE D&O 0 3,196 0 INSURANCE LIABILITY 2,142 238 0 PUBLIC RELATIONS 1,598 0 0 MEALS 1,403 0 0 TRAVEL MEALS 401 0 0 INSURANCE WORKERS COMP 175 20 0 POSTAGE 175 20 0 LICENSES 0 50 0 BANK CHARGES 0 36 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt019863
IRS990/TotalAssetsEOYAmt0137686
IRS990/TotalAssetsGrp/BOYAmt019863
IRS990/TotalAssetsGrp/EOYAmt0137686
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0327211
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033697
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0158545
IRS990/TotalFunctionalExpensesGrp/TotalAmt0192242
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034848
IRS990/TotalLiabilitiesEOYAmt017661
IRS990/TotalLiabilitiesGrp/BOYAmt034848
IRS990/TotalLiabilitiesGrp/EOYAmt017661
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-14985
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0120025
IRS990/TotalProgramServiceExpensesAmt0158545
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt041
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0327252
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019863
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0137686
IRS990/TravelGrp/ManagementAndGeneralAmt0497
IRS990/TravelGrp/ProgramServicesAmt04472
IRS990/TravelGrp/TotalAmt04969
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-14985
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0120025
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05684 GLENRIDGE WAY
IRS990/USAddress/CityNm0KLAMATH FALLS
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097603
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0TEAMKLAMATH.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG O'SULLIVAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05418829600
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KLAMATH COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0KLAM
ReturnHeader/Filer/EIN0930654603
ReturnHeader/Filer/PhoneNum05418829600
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 RIVERSIDE SUITE E
ReturnHeader/Filer/USAddress/CityNm0KLAMATH FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930718861
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WICKS EMMETT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0358 NE WINCHESTER ST - PO BOX 2350
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSEBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0974703327
ReturnHeader/PreparerPersonGrp/PhoneNum05416734423
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN F MENEFEE CPA
ReturnHeader/ReturnTs02015-11-12T14:24:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$137,686
Liabilities
$17,661
Net assets
$120,025
Revenue
$327,252
Expenses
$192,242
Net income
$135,010
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