Civic Intelligence

Strategic Economic Development Corporation of the MID-Willamette Valley

990 • Fiscal year 2019 • EIN 93-0810393

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 01, 2019

626 High Street NESalem, OR 97301

(503) 588-6225

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

60th percentile

6.7%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

67th percentile

$92,749

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

58th percentile

8.4%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

79th percentile

17%

Faster revenue growth than 79% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$701,163

Up $54,073 (+8.4%) from 2018

Net Assets

Up

$701,163

Up $54,073 (+8.4%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$810,501

Up $116,992 (+17%) from 2018

Expenses

Up

$756,428

Up $108,914 (+17%) from 2018

Net Income

Up

$54,073

Up $8,078 (+18%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $328,167Liabilities 2011: $0Net Assets 2011: $328,1672011Assets 2012: $374,835Liabilities 2012: $0Net Assets 2012: $374,8352012Assets 2013: $436,787Liabilities 2013: $0Net Assets 2013: $436,7872013Assets 2014: $454,070Liabilities 2014: $0Net Assets 2014: $454,0702014Assets 2015: $482,785Liabilities 2015: $0Net Assets 2015: $482,7852015Assets 2016: $552,848Liabilities 2016: $0Net Assets 2016: $552,8482016Assets 2017: $601,092Liabilities 2017: $0Net Assets 2017: $601,0922017Assets 2018: $647,090Liabilities 2018: $0Net Assets 2018: $647,0902018Assets 2019: $701,163Liabilities 2019: $0Net Assets 2019: $701,1632019Assets 2020: $593,297Liabilities 2020: $0Net Assets 2020: $593,2972020Assets 2021: $775,413Liabilities 2021: $0Net Assets 2021: $775,4132021Assets 2022: $899,705Liabilities 2022: $0Net Assets 2022: $899,7052022Assets 2023: $4,231,471Liabilities 2023: $366,237Net Assets 2023: $3,865,2342023Assets 2024: $1,002,692Liabilities 2024: $139,331Net Assets 2024: $863,3612024

Highlighted filing

2019

Assets$701,163
Liabilities$0
Net Assets$701,163

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $592,3122011Expenses 2012: $535,8172012Expenses 2013: $551,5252013Revenue 2014: $574,216Expenses 2014: $556,933Net Income 2014: $17,2832014Revenue 2015: $697,817Expenses 2015: $669,102Net Income 2015: $28,7152015Revenue 2016: $728,248Expenses 2016: $658,185Net Income 2016: $70,0632016Revenue 2017: $702,539Expenses 2017: $654,295Net Income 2017: $48,2442017Revenue 2018: $693,509Expenses 2018: $647,514Net Income 2018: $45,9952018Revenue 2019: $810,501Expenses 2019: $756,428Net Income 2019: $54,0732019Revenue 2020: $661,631Expenses 2020: $754,779Net Income 2020: -$93,1482020Revenue 2021: $1,145,012Expenses 2021: $962,895Net Income 2021: $182,1172021Revenue 2022: $1,197,091Expenses 2022: $1,072,799Net Income 2022: $124,2922022Revenue 2023: $4,168,737Expenses 2023: $1,203,208Net Income 2023: $2,965,5292023Revenue 2024: $1,216,662Expenses 2024: $4,218,535Net Income 2024: -$3,001,8732024

Highlighted filing

2019

Revenue$810,501
Expenses$756,428
Net Income$54,073
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 1, 2019
Return Version
2018v3.1
Gross Receipts
$890,130
Mission and Program Overview

Mission

Enhance & diversify the region's economy by bringing employers to the region. This is accomplished by leveraging the strength of our public/private partnerships, aggressively retaining and attracting high value jobs and capital investments while providing member services that support business success in marion and polk counties of oregon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$317,071$327,291▲ $10,220
Cash and Non-Interest-Bearing Accounts$324,481$218,503▼ $105,978
Intangible Assets-$14,720-
Land, Buildings, and Equipment, Net$5,538$5,221▼ $317
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$647,090$701,163▲ $54,073
Other Assets Total-$135,428-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$647,090$701,163▲ $54,073
Total Net Assets Fund Balance$647,090$701,163▲ $54,073
Total Liabilities and Net Assets / Fund Balance$647,090$701,163▲ $54,073

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,221$34,488$39,709
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Erik AnderssonPresidentFT$92,749$92,749

Board Members and Trustees

NameTitle
Daryl KnoxChairman
Mark HoytPast Chairman
Kevin CameronBoard Member
Lesa GoffBoard Member
Michael FowlerBoard Member
Nathan LevinBoard Member
Rich DuncanBoard Member
Steve PowersBoard Member
Steve VanarsdaleBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$322,204
Program Service Revenue
$425,204
Investment Income
$10,630
Other Revenue
$52,463
Change in Net Assets
$54,073
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$571,347
Other Expenses$185,081
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$385,517
Current Officers, Directors, Trustees, and Key Employees---$92,749
Occupancy---$63,883
Other Employee Benefits---$44,129
Advertising---$35,951
Payroll Taxes---$29,777
All Other Expenses---$23,108
Pension Plan Contributions---$19,175
Other Expenses---$9,023
Conferences and Meetings---$4,689
Insurance---$4,135
Office Expenses---$2,922
Depreciation Depletion---$1,992
Travel---$480
Total Functional Expenses$0$0$0$756,428
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$116,676
Fundraising Direct Expenses$79,629
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Forums & Events$77,747$77,747$57,173$20,574
Golf Tournament$38,929$38,929$22,456$16,473
Total Events$116,676$116,676$79,629$37,047
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 members are dues paying members and consist of local area businesses in marion and polk counties.

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

Sedcor president and executive board review the form 990 prior to filing.

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

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Strategic Economic Development
EIN
93-0810393
Phone
5035886225
Address
626 HIGH STREET NE, SALEM, OR 97301

Signing Officer

Name
Daryl Knox
Title
Chairman
Signed
2019-11-01
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
10
Employees
6

Preparer

Firm
Porth & Unrein PC
Address
864 Promontory Pl SE / PO 3200, Salem, OR 97302-0200
Preparer
Daniel C Porth
Phone
5033709617
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0385517
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt029777
IRS990/PensionPlanContributionsGrp/TotalAmt019175
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/BusinessCd2900004
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/BusinessCd4541900
IRS990/ProgramServiceRevenueGrp/Desc0CITY CONTRACT
IRS990/ProgramServiceRevenueGrp/Desc1MEETINGS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP DUES & ASSESSM
IRS990/ProgramServiceRevenueGrp/Desc4OTHER GRANTS & CONTRACTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0200000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12298
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211460
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3153990
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt457456
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12298
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3153990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt457456
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0210000
IRS990/PYInvestmentIncomeAmt07067
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0187624
IRS990/PYOtherRevenueAmt048221
IRS990/PYProgramServiceRevenueAmt0428221
IRS990/PYRevenuesLessExpensesAmt045995
IRS990/PYSalariesCompEmpBnftPaidAmt0459890
IRS990/PYTotalExpensesAmt0647514
IRS990/PYTotalRevenueAmt0693509
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt054073
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt07416
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05221
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034488
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039709
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05221
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0135428
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt079629
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VARIOUS FORUMS & EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt077747
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt038929
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0116676
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt077747
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt038929
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0116676
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt037047
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt079629
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt057173
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt022456
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MEMBERS ARE DUES PAYING MEMBERS AND CONSIST OF LOCAL AREA BUSINESSES IN MARION AND POLK COUNTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEDCOR PRESIDENT AND EXECUTIVE BOARD REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON 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 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0647090
IRS990/TotalAssetsEOYAmt0701163
IRS990/TotalAssetsGrp/BOYAmt0647090
IRS990/TotalAssetsGrp/EOYAmt0701163
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0322204
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0756428
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0647090
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0701163
IRS990/TotalProgramServiceRevenueAmt0425204
IRS990/TotalReportableCompFromOrgAmt092749
IRS990/TotalRevenueGrp/ExclusionAmt047677
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0440620
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0810501
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0647090
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0701163
IRS990/TravelGrp/TotalAmt0480
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0647090
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0701163
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0626 HIGH STREET NE 200
IRS990/USAddress/CityNm0SALEM
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097301
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.sedcor.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DARYL KNOX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman

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.$1.00$0.14$0.86$1.22$4.22$3.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.23$0.37$3.87$4.17$1.20$2.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.00$0.90$1.20$1.07$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.00$0.78$1.15$0.96$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$0.66$0.75$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.81$0.76$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$0.69$0.65$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$0.70$0.65$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.55$0.73$0.66$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.70$0.67$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$0.57$0.56$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.59