Civic Intelligence

Strategic Economic Development Corporation of the MID-Willamette Valley

990 • Fiscal year 2021 • EIN 93-0810393

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 24, 2022

Organization Profilewww.sedcor.com

View Organization Page

626 High Street NE 200Salem, OR 97301

(503) 588-6225

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

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

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

Liabilities / Revenue

10th percentile

0.00x

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

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

Net Margin

63rd percentile

16%

Higher net margin than 63% of similar nonprofits.

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

Top Officer Pay

52nd percentile

$143,333

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

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

Asset Growth

82nd percentile

31%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

91st percentile

73%

Faster revenue growth than 91% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$775,413

Up $182,116 (+31%) from 2020

Net Assets

Up

$775,413

Up $182,116 (+31%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin63rd percentile

Revenue

Up

$1,145,012

Up $483,381 (+73%) from 2020

Expenses

Up

$962,895

Up $208,116 (+28%) from 2020

Net Income

Up

$182,117

Up $275,265 (+296%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2021

Assets$775,413
Liabilities$0
Net Assets$775,413
Open 2021 Filing

Operations Trend

Revenue Growth91st 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

2021

Revenue$1,145,012
Expenses$962,895
Net Income$182,117
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 24, 2022
Return Version
2020v4.0
Gross Receipts
$1,482,856
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$336,530$330,621▼ $5,909
Cash and Non-Interest-Bearing Accounts$116,126$306,064▲ $189,938
Land, Buildings, and Equipment, Net$4,980$3,020▼ $1,960
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$593,297$775,413▲ $182,116
Other Assets Total$135,661$135,708▲ $47
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$593,297$775,413▲ $182,116
Total Net Assets Fund Balance$593,297$775,413▲ $182,116
Total Liabilities and Net Assets / Fund Balance$593,297$775,413▲ $182,116

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,020$38,591$41,611
Other Assets Org$135,708--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erik AnderssonPresidentFT$143,333$143,333

Board Members and Trustees

NameTitle
Daryl KnoxChairman
Mark HoytPast Chairman
Nathan LevinDirector
Rich DuncanDirector
Steve PowersDirector
Michael FowlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$655,273
Program Service Revenue
$382,705
Investment Income
$-5,861
Other Revenue
$112,895
All Other Contributions
$288,199
Change in Net Assets
$182,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$591,960
Other Expenses$370,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$365,998
Current Officers, Directors, Trustees, and Key Employees---$143,333
Occupancy---$49,225
Payroll Taxes---$45,053
All Other Expenses---$39,278
Other Employee Benefits---$22,775
Advertising---$18,348
Pension Plan Contributions---$14,801
Other Expenses---$12,204
Insurance---$5,352
Depreciation Depletion---$1,960
Office Expenses---$1,543
Total Functional Expenses$0$0$0$962,895
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,705
Professional Fundraising Fees$0
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 200, SALEM, OR 97301

Signing Officer

Name
Daryl Knox
Title
Chairman
Signed
2022-08-24
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Porth & Unrein PC
Address
864 Promontory Pl SE / PO 3200, Salem, OR 97302
Preparer
Daniel C Porth
Phone
5033709617
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“ROUNDING = -$1”

Raw XML Appendix389 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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110495
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2159481
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312729
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0300137
IRS990/PYInvestmentIncomeAmt09472
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0183489
IRS990/PYOtherRevenueAmt034400
IRS990/PYProgramServiceRevenueAmt0317622
IRS990/PYRevenuesLessExpensesAmt0-93148
IRS990/PYSalariesCompEmpBnftPaidAmt0571290
IRS990/PYTotalExpensesAmt0754779
IRS990/PYTotalRevenueAmt0661631
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0182117
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06798
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/BookValueAmt0135708
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Columbia State Bank - Money Mkt
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Columbia State Bank - Money Mkt
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03020
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038591
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041611
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03020
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0135708
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/ExplanationTxt3ROUNDING = -$1
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0593297
IRS990/TotalAssetsEOYAmt0775413
IRS990/TotalAssetsGrp/BOYAmt0593297
IRS990/TotalAssetsGrp/EOYAmt0775413
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0655273
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0962895
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0593297
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0775413
IRS990/TotalProgramServiceRevenueAmt0382705
IRS990/TotalReportableCompFromOrgAmt0143333
IRS990/TotalRevenueGrp/ExclusionAmt0114319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0375420
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01145012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0593297
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0775413
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/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.sedcor.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DARYL KNOX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-24
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 200
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/ZIPCd097302
ReturnHeader/PreparerPersonGrp/PhoneNum05033709617
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL C PORTH
ReturnHeader/ReturnTs02022-08-24T09:21:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DARYL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KNOX
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$775,413
Liabilities
$0
Net assets
$775,413
Revenue
$1,145,012
Expenses
$962,895
Net income
$182,117
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
2021Detailed filing. Detailed filing data is available for this year.$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
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