Civic Intelligence

Strategic Economic Development Corporation of the MID-Willamette Valley

990 • Fiscal year 2020 • EIN 93-0810393

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 28, 2020

Organization Profilewww.sedcor.com

View Organization Page

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

21st percentile

0.00x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.00x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

81st percentile

$133,292

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

11th percentile

-15%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

34th percentile

-18%

Faster revenue growth than 34% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$593,297

Down $107,866 (-15%) from 2019

Net Assets

Down

$593,297

Down $107,866 (-15%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin15th percentile

Revenue

Down

$661,631

Down $148,870 (-18%) from 2019

Expenses

Down

$754,779

Down $1,649 (-0.2%) from 2019

Net Income

Down

-$93,148

Down $147,221 (-272%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

2020

Assets$593,297
Liabilities$0
Net Assets$593,297
Open 2020 Filing

Operations Trend

Revenue Growth34th percentile

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

2020

Revenue$661,631
Expenses$754,779
Net Income-$93,148
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 28, 2020
Return Version
2019v5.0
Gross Receipts
$695,361
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$327,291$336,530▲ $9,239
Cash and Non-Interest-Bearing Accounts$218,503$116,126▼ $102,377
Intangible Assets$14,720$0▼ $14,720
Land, Buildings, and Equipment, Net$5,221$4,980▼ $241
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$701,163$593,297▼ $107,866
Other Assets Total$135,428$135,661▲ $233
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$701,163$593,297▼ $107,866
Total Net Assets Fund Balance$701,163$593,297▼ $107,866
Total Liabilities and Net Assets / Fund Balance$701,163$593,297▼ $107,866

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,980$36,631$41,611
Other Assets Org$135,661--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erik AnderssonPresidentFT$133,292$133,292

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$300,137
Program Service Revenue
$317,622
Investment Income
$9,472
Other Revenue
$34,400
Change in Net Assets
$-93,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$571,290
Other Expenses$183,489
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$346,726
Current Officers, Directors, Trustees, and Key Employees---$133,292
Occupancy---$57,366
Payroll Taxes---$43,728
Advertising---$32,249
Other Employee Benefits---$30,037
All Other Expenses---$20,360
Pension Plan Contributions---$17,507
Other Expenses---$10,377
Office Expenses---$9,334
Insurance---$5,026
Depreciation Depletion---$2,143
Conferences and Meetings---$2,095
Total Functional Expenses$0$0$0$754,779
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,714
Fundraising Direct Expenses$33,730
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Forums & Events$58,712$58,712$33,529$25,183
Total Events$58,712$58,712$33,529$25,183
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 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 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
2020-10-28
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Or
Voting Board Members
8
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
Raw XML AppendixShowing 400 of 401 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ENHANCE & 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.
IRS990/AdvertisingGrp/TotalAmt032249
IRS990/AllOtherExpensesGrp/TotalAmt020360
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0ERIK ANDERSSON
IRS990/BooksInCareOfDetail/PhoneNum05035886225
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0626 HIGH STREET NE SUITE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0SALEM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd097301
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0218503
IRS990/CashNonInterestBearingGrp/EOYAmt0116126
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0133292
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt02095
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0300137
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt09472
IRS990/CYOtherExpensesAmt0183489
IRS990/CYOtherRevenueAmt034400
IRS990/CYProgramServiceRevenueAmt0317622
IRS990/CYRevenuesLessExpensesAmt0-93148
IRS990/CYSalariesCompEmpBnftPaidAmt0571290
IRS990/CYTotalExpensesAmt0754779
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0661631
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt02143
IRS990/Desc0THE PRIMARY OBJECTIVE OF THE ORGANIZATION IS TO ENHANCE AND DIVERSIFY THE MID-WILLAMETTE VALLEY ECONOMY BY PROVIDING RECRUITMENT, RETENTION, AND OTHER SERVICES TO CITIES IN THE REGION. DURING THE YEAR SEVERAL LARGE AND SMALL EVENTS WERE ORGANIZED AND ATTENDED BY MORE THAN 1,500 PEOPLE. THESE EVENTS PROVIDED OPPORTUNITIES TO MEET AND NETWORK WITH SEDCOR MEMBERS AND BUSINESS COMMUNITY LEADERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0ERIK ANDERSSON
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE VANARSDALE
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL FOWLER
IRS990/Form990PartVIISectionAGrp/PersonNm3KEVIN CAMERON
IRS990/Form990PartVIISectionAGrp/PersonNm4DARYL KNOX
IRS990/Form990PartVIISectionAGrp/PersonNm5RICH DUNCAN
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK HOYT
IRS990/Form990PartVIISectionAGrp/PersonNm7NATHAN LEVIN
IRS990/Form990PartVIISectionAGrp/PersonNm8STEVE POWERS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0133292
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt033730
IRS990/FundraisingGrossIncomeAmt060714
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0300137
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0695361
IRS990/GrossRentsGrp/RealAmt07416
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt05026
IRS990/IntangibleAssetsGrp/BOYAmt014720
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt09472
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09472
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0327291
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0336530
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt036631
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05221
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04980
IRS990/LandBldgEquipCostOrOtherBssAmt041611
IRS990/LegalDomicileStateCd0OR
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ENHANCE & 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0701163
IRS990/NetAssetsOrFundBalancesEOYAmt0593297
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt026984
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt026984
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt07416
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07416
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0701163
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0593297
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt057366
IRS990/OfficeExpensesGrp/TotalAmt09334
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0135428
IRS990/OtherAssetsTotalGrp/EOYAmt0135661
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030037
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2MILEAGE REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/TotalAmt017757
IRS990/OtherExpensesGrp/TotalAmt113662
IRS990/OtherExpensesGrp/TotalAmt213120
IRS990/OtherExpensesGrp/TotalAmt310377
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0346726
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt043728
IRS990/PensionPlanContributionsGrp/TotalAmt017507
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt0-14718
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 CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1160
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25113
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3110636
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt451713
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25113
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3110636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt451713
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0322204
IRS990/PYInvestmentIncomeAmt010630
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0185081
IRS990/PYOtherRevenueAmt052463
IRS990/PYProgramServiceRevenueAmt0425204
IRS990/PYRevenuesLessExpensesAmt054073
IRS990/PYSalariesCompEmpBnftPaidAmt0571347
IRS990/PYTotalExpensesAmt0756428
IRS990/PYTotalRevenueAmt0810501
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-93148
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/OtherAssetsOrgGrp/BookValueAmt0135661
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Columbia State Bank - Money Mkt
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04980
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt036631
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041611
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04980
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0135661
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033529
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VARIOUS FORUMS & EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt058712
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt058712
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt058712
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt058712
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt025183
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt033529
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033529
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0701163
IRS990/TotalAssetsEOYAmt0593297
IRS990/TotalAssetsGrp/BOYAmt0701163
IRS990/TotalAssetsGrp/EOYAmt0593297
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0300137
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0754779
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0701163
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0593297
IRS990/TotalProgramServiceRevenueAmt0317622
IRS990/TotalReportableCompFromOrgAmt0133292
IRS990/TotalRevenueGrp/ExclusionAmt036456
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0325038
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0661631
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0701163
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0593297
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0626 HIGH STREET NE 200
IRS990/USAddress/CityNm0SALEM
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097301
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.sedcor.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DARYL KNOX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STRATEGIC ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION OF THE MID-WILLAMETTE VALLEY
ReturnHeader/Filer/BusinessNameControlTxt0STRA
ReturnHeader/Filer/EIN0930810393
ReturnHeader/Filer/PhoneNum05035886225
ReturnHeader/Filer/USAddress/AddressLine1Txt0626 HIGH STREET NE
ReturnHeader/Filer/USAddress/CityNm0SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930775226
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Porth & Unrein PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0864 Promontory Pl SE / PO 3200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0973020200
ReturnHeader/PreparerPersonGrp/PhoneNum05033709617
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL C PORTH
ReturnHeader/ReturnTs02020-10-28T15:18:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$593,297
Liabilities
$0
Net assets
$593,297
Revenue
$661,631
Expenses
$754,779
Net income
-$93,148
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
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.66$0.75$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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