Civic Intelligence

Economic Development for Central Oregon Inc

990 • Fiscal year 2021 • EIN 93-0796784

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

705 SW Bonnett Way Ste 1000Bend, OR 97702

(541) 388-3236

Siviq Scores

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

Liabilities / Assets

85th percentile

0.47x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.24x

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

17th percentile

-2.9%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

47th percentile

$129,319

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

86th percentile

36%

Faster asset growth than 86% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-2.1%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$768,375

Up $205,285 (+36%) from 2020

Net Assets

Down

$409,177

Down $44,581 (-9.8%) from 2020

Liabilities

Up

$359,198

Up $249,866 (+229%) from 2020

Revenue

Down

$1,514,905

Down $33,247 (-2.1%) from 2020

Expenses

Up

$1,559,486

Up $19,819 (+1.3%) from 2020

Net Income

Down

-$44,581

Down $53,066 (-625%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $179,963Liabilities 2010: $44,986Net Assets 2010: $134,9772010Assets 2011: $192,422Liabilities 2011: $52,324Net Assets 2011: $140,0982011Assets 2012: $188,579Liabilities 2012: $48,449Net Assets 2012: $140,1302012Assets 2013: $264,765Liabilities 2013: $83,500Net Assets 2013: $181,2652013Assets 2014: $339,834Liabilities 2014: $79,267Net Assets 2014: $260,5672014Assets 2015: $397,163Liabilities 2015: $113,935Net Assets 2015: $283,2282015Assets 2016: $549,194Liabilities 2016: $150,808Net Assets 2016: $398,3862016Assets 2017: $651,678Liabilities 2017: $136,351Net Assets 2017: $515,3272017Assets 2018: $526,618Liabilities 2018: $92,552Net Assets 2018: $434,0662018Assets 2019: $575,674Liabilities 2019: $130,401Net Assets 2019: $445,2732019Assets 2020: $563,090Liabilities 2020: $109,332Net Assets 2020: $453,7582020Assets 2021: $768,375Liabilities 2021: $359,198Net Assets 2021: $409,1772021Assets 2022: $682,769Liabilities 2022: $63,100Net Assets 2022: $619,6692022Assets 2023: $608,355Liabilities 2023: $94,727Net Assets 2023: $513,6282023Assets 2024: $683,852Liabilities 2024: $139,905Net Assets 2024: $543,9472024

Highlighted filing

2021

Assets$768,375
Liabilities$359,198
Net Assets$409,177

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $766,0892010Expenses 2011: $838,4602011Expenses 2012: $826,3532012Expenses 2013: $908,2612013Revenue 2014: $1,040,307Expenses 2014: $961,005Net Income 2014: $79,3022014Revenue 2015: $1,110,559Expenses 2015: $1,087,898Net Income 2015: $22,6612015Revenue 2016: $1,316,880Expenses 2016: $1,201,722Net Income 2016: $115,1582016Revenue 2017: $1,350,140Expenses 2017: $1,233,199Net Income 2017: $116,9412017Revenue 2018: $1,405,849Expenses 2018: $1,487,110Net Income 2018: -$81,2612018Revenue 2019: $1,478,218Expenses 2019: $1,467,011Net Income 2019: $11,2072019Revenue 2020: $1,548,152Expenses 2020: $1,539,667Net Income 2020: $8,4852020Revenue 2021: $1,514,905Expenses 2021: $1,559,486Net Income 2021: -$44,5812021Revenue 2022: $1,756,557Expenses 2022: $1,546,065Net Income 2022: $210,4922022Revenue 2023: $1,696,254Expenses 2023: $1,789,427Net Income 2023: -$93,1732023Revenue 2024: $1,749,536Expenses 2024: $1,719,217Net Income 2024: $30,3192024

Highlighted filing

2021

Revenue$1,514,905
Expenses$1,559,486
Net Income-$44,581
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$1,514,905
Mission and Program Overview

Mission

Lead the diversification of central oregon's economy through marketing, targeted recruitment, business expansion, formation of effective public/private partnerships and venture coaching for early stage companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$460,497$509,381▲ $48,884
Accounts Receivable$74,543$173,400▲ $98,857
Cash and Non-Interest-Bearing Accounts-$77,252-
Prepaid Expenses and Deferred Charges$19,707$6,506▼ $13,201
Land, Buildings, and Equipment, Net$8,343$1,836▼ $6,507
Total Assets$563,090$768,375▲ $205,285
Liabilities
Other Liabilities$404$229,419▲ $229,015
Deferred Revenue$4,250$72,492▲ $68,242
Accounts Payable and Accrued Expenses$104,678$57,287▼ $47,391
Total Liabilities$109,332$359,198▲ $249,866
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$453,758$409,177▼ $44,581
Total Net Assets Fund Balance$453,758$409,177▼ $44,581
Total Liabilities and Net Assets / Fund Balance$563,090$768,375▲ $205,285

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,836$73,961$75,797
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roger LeeCEOFT$119,132$10,187$129,319

Board Members and Trustees

NameTitle
Coby HortonPresident
Carolyn EaganPresident El
Anthony BroadmanDirector
Bill AndersonDirector
Brent PasDirector
Brian BerglerDirector
Bruce AndersDirector
Cindie SagnerDirector
Dan OxfordDirector
Dan StevensDirector
Eric StrobelDirector
Greg LambertDirector
Jennifer LetzDirector
Jeremy GrohDirector
Jon BullockDirector
Jordan SmithDirector
Josh NewtonDirector
Julia TheisenDirector
Julianne HornerDirector
Katy BrooksDirector
Keith WitcoskyDirector
Kelly SimmelinkDirector
Kim DanielsDirector
Krisanna EndicottDirector
Laurie ChesleyDirector
Mandy WeidmanDirector
Matt ChancellorDirector
Melanie WidmerDirector
Phil ChangDirector
Rick MolitorDirector
Sean NearyDirector
Steve CurleyDirector
Steve ForresterDirector
Tia LewisDirector
Tom AndersonDirector
Tom BarrettDirector
Tyler NeeseDirector
Wes PriceDirector
Zak SundstenDirector
Connie DrulinerPast Preside
Don MooreSecretary
Amber YatesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,302,169
Program Service Revenue
$185,202
Investment Income
$170
Other Revenue
$27,364
All Other Contributions
$498,019
Change in Net Assets
$-44,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,233,357
Other Expenses$326,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$890,018
Current Officers, Directors, Trustees, and Key Employees---$134,796
Payroll Taxes---$83,849
Other Employee Benefits---$78,672
Occupancy---$70,350
Pension Plan Contributions---$46,022
All Other Expenses---$16,240
Office Expenses---$13,205
Other Expenses---$13,061
Fees for Services Other---$9,874
Advertising---$6,785
Depreciation Depletion---$6,509
Insurance---$6,117
Travel---$2,075
Total Functional Expenses$0$0$0$1,559,486
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
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$226,515
Custodial/pass Through$2,500
Bend Bio Fund$404
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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

The form 990 will be reviewed by the organization's management and the audit/finance committee before it is filed.

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

A sub-committee of the executive committee meets to review current pay, last raise and comparative compensation data and determine if a salary increase is due.

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

Employee evaluations are performed by the executive director annually.

Form 990, Page 6, Part VI, Line 19

The organization makes it's governing documents available to the public by reviewing them during board of directors orientation meetings, by providing them in the board of directors' binders, by disseminating financial reports prior to each board meeting, and upon request.

Filing and Contact Details

Filer

Filer Name
Economic Development for Central
EIN
93-0796784
Phone
5413883236
Address
705 SW BONNETT WAY STE 1000, BEND, OR 97702

Signing Officer

Name
Erin Chaiet
Title
COO
Phone
5413883236
Signed
2022-05-16

Organization Details

Principal Officer
Erin Chaiet
Formed
1980
Legal Domicile
Or
Voting Board Members
38
Independent Board Members
38
Employees
18
Volunteers
100

Preparer

Firm
Jones & Roth Pc
Address
300 SW COLUMBIA SUITE 201, BEND, OR 97702
Preparer
Brian G Newton
Phone
5413823590
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The organization uses volunteers for board of director oversight, industry intelligence, lead generation, membership recruitment, accounting consultation, database maintenance, event logistics, and marketing/tourism.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm25JULIANNE HORNER
IRS990/Form990PartVIISectionAGrp/PersonNm26JENNIFER LETZ
IRS990/Form990PartVIISectionAGrp/PersonNm27RICK MOLITOR
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IRS990/Form990PartVIISectionAGrp/PersonNm29DAN OXFORD
IRS990/Form990PartVIISectionAGrp/PersonNm30WES PRICE
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IRS990/Form990PartVIISectionAGrp/PersonNm34DAN STEVENS
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IRS990/Form990PartVIISectionAGrp/PersonNm42KATY BROOKS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT EL
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST PRESIDE
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/TitleTxt20DIRECTOR
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/TitleTxt42DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.14$0.54$1.75$1.72$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.09$0.51$1.70$1.79$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.06$0.62$1.76$1.55$0.21
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.36$0.41$1.51$1.56$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.11$0.45$1.55$1.54$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.13$0.45$1.48$1.47$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.09$0.43$1.41$1.49$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.14$0.52$1.35$1.23$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.15$0.40$1.32$1.20$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.11$0.28$1.11$1.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.08$0.26$1.04$0.96$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.08$0.18$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.05$0.14$0.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.05$0.14$0.84
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.04$0.13$0.77