Civic Intelligence

Lone Pine Economic Development Corporation and Trust

990 • Fiscal year 2020 • EIN 95-3661244

Jan 01, 2020 to Dec 31, 2020 • Filed on May 11, 2021

Organization ProfileN/A
PO Box 1227Lone Pine, CA 93545

(760) 920-2178

Siviq Scores

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

Liabilities / Assets

99th percentile

2.85x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

6.00x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

30th percentile

-4.0%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

27th percentile

-1.9%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

5.6%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$589,898

Down $11,288 (-1.9%) from 2019

Net Assets

Down

-$1,088,607

Down $11,236 (-1.0%) from 2019

Liabilities

Down

$1,678,505

Down $52 (-0.0%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin30th percentile

Revenue

Up

$279,703

Up $14,742 (+5.6%) from 2019

Expenses

Up

$290,939

Up $7,345 (+2.6%) from 2019

Net Income

Up

-$11,236

Up $7,397 (+40%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,043,147Liabilities 2011: $1,746,192Net Assets 2011: -$703,0452011Assets 2012: $976,493Liabilities 2012: $1,737,192Net Assets 2012: -$760,6992012Assets 2013: $936,489Liabilities 2013: $1,730,517Net Assets 2013: -$794,0282013Assets 2014: $869,831Liabilities 2014: $1,726,270Net Assets 2014: -$856,4392014Assets 2015: $811,452Liabilities 2015: $1,714,770Net Assets 2015: -$903,3182015Assets 2016: $725,381Liabilities 2016: $1,703,933Net Assets 2016: -$978,5522016Assets 2017: $670,209Liabilities 2017: $1,692,878Net Assets 2017: -$1,022,6692017Assets 2018: $624,625Liabilities 2018: $1,683,363Net Assets 2018: -$1,058,7382018Assets 2019: $601,186Liabilities 2019: $1,678,557Net Assets 2019: -$1,077,3712019Assets 2020: $589,898Liabilities 2020: $1,678,505Net Assets 2020: -$1,088,6072020Assets 2021: $563,878Liabilities 2021: $1,674,683Net Assets 2021: -$1,110,8052021Assets 2022: $507,488Liabilities 2022: $1,651,977Net Assets 2022: -$1,144,4892022Assets 2023: $453,254Liabilities 2023: $1,607,342Net Assets 2023: -$1,154,0882023Assets 2024: $464,466Liabilities 2024: $1,590,443Net Assets 2024: -$1,125,9772024

Highlighted filing

2020

Assets$589,898
Liabilities$1,678,505
Net Assets-$1,088,607
Open 2020 Filing

Operations Trend

Revenue Growth61st percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $229,228Expenses 2011: $280,679Net Income 2011: -$51,4512011Revenue 2012: $239,274Expenses 2012: $296,928Net Income 2012: -$57,6542012Revenue 2013: $239,485Expenses 2013: $263,338Net Income 2013: -$23,8532013Revenue 2014: $243,458Expenses 2014: $305,869Net Income 2014: -$62,4112014Revenue 2015: $221,474Expenses 2015: $268,353Net Income 2015: -$46,8792015Revenue 2016: $236,394Expenses 2016: $311,628Net Income 2016: -$75,2342016Revenue 2017: $246,356Expenses 2017: $290,473Net Income 2017: -$44,1172017Revenue 2018: $257,841Expenses 2018: $293,910Net Income 2018: -$36,0692018Revenue 2019: $264,961Expenses 2019: $283,594Net Income 2019: -$18,6332019Revenue 2020: $279,703Expenses 2020: $290,939Net Income 2020: -$11,2362020Revenue 2021: $279,081Expenses 2021: $301,279Net Income 2021: -$22,1982021Revenue 2022: $297,303Expenses 2022: $330,987Net Income 2022: -$33,6842022Revenue 2023: $304,614Expenses 2023: $314,213Net Income 2023: -$9,5992023Revenue 2024: $433,712Expenses 2024: $405,601Net Income 2024: $28,1112024

Highlighted filing

2020

Revenue$279,703
Expenses$290,939
Net Income-$11,236
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 11, 2021
Return Version
2020v4.0
Gross Receipts
$279,703
Mission and Program Overview

Mission

Provide affordable housing to low income families in Inyo County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$316,923$295,060▼ $21,863
Savings and Temporary Cash Investments$242,924$220,500▼ $22,424
Prepaid Expenses and Deferred Charges$25,804$36,793▲ $10,989
Cash and Non-Interest-Bearing Accounts$5,187$30,787▲ $25,600
Accounts Receivable$10,348$6,758▼ $3,590
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$601,186$589,898▼ $11,288
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,633,487$1,627,165▼ $6,322
Other Liabilities$38,626$39,396▲ $770
Accounts Payable and Accrued Expenses$5,859$11,866▲ $6,007
Deferred Revenue$585$78▼ $507
Total Liabilities$1,678,557$1,678,505▼ $52
Net Assets / Fund Balance
Net Assets With Donor Restrictions$203,021$162,268▼ $40,753
Net Assets Without Donor Restrictions$-1,280,392$-1,250,875▲ $29,517
Total Net Assets Fund Balance$-1,077,371$-1,088,607▼ $11,236
Total Liabilities and Net Assets / Fund Balance$601,186$589,898▼ $11,288

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$172,596$1,144,880$1,317,476
Leasehold Improvements$21,484$310,287$331,771
Equipment-$141,771$141,771
Land$100,980-$100,980
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Ed NiehausPresident
Charles JamesTrustee
Doug ThompsonCEO
Beth NiehausSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$279,396
Investment Income
$307
Other Revenue
$0
Change in Net Assets
$-11,236

Audited Revenue Reconciliation

Revenue per Audited Statements
$279,703
Total Revenue per Audited Statements
$279,703
Total Revenue per Form 990
$279,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,657
Salaries, Compensation, and Employee Benefits$66,282
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,236--$60,236
Depreciation Depletion$38,733--$38,733
Insurance$19,726$13,928-$33,654
Interest$29,479--$29,479
Fees for Services Management-$25,772-$25,772
Fees for Services Accounting-$6,500-$6,500
Payroll Taxes$6,046--$6,046
Fees for Services Legal-$4,941-$4,941
Office Expenses-$3,715-$3,715
Other Expenses$1,122$4,650-$1,122
All Other Expenses-$178-$178
Total Functional Expenses$231,255$59,684$0$290,939

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$290,939
Total Expenses per Audited Statements$290,939
Total Expenses per Form 990$290,939
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security deposit payable$21,395
Asset management fee$18,000
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
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, Part VI, Line 11B: Form 990 Review Process

“Reviewed by CEO and Secretary prior to filing.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Lone Pine Economic Development
EIN
95-3661244
Phone
7609202178
Address
PO Box 1227, Lone Pine, CA 93545

Signing Officer

Name
Doug Thompson
Title
CEO
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
4

Preparer

Firm
Hudson Henderson & Company Inc
Address
7473 N Ingram Suite 102, Fresno, CA 93711
Preparer
Brian Henderson
Phone
5594127576
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Corporation may recognizethe tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation and various positions related to the potential sources of unrelated business taxable income (UBTI). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the years ending December 31, 2020 and 2019.”

Raw XML AppendixShowing 400 of 420 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05859
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011866
IRS990/AccountsReceivableGrp/BOYAmt010348
IRS990/AccountsReceivableGrp/EOYAmt06758
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide affordable housing to low income families in Inyo County.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0178
IRS990/AllOtherExpensesGrp/TotalAmt0178
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jeanne Vaughn
IRS990/BooksInCareOfDetail/PhoneNum05598010729
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0601 Pollasky Ave Suite 201
IRS990/BooksInCareOfDetail/USAddress/CityNm0Clovis
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd093612
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05187
IRS990/CashNonInterestBearingGrp/EOYAmt030787
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0307
IRS990/CYOtherExpensesAmt0224657
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0279396
IRS990/CYRevenuesLessExpensesAmt0-11236
IRS990/CYSalariesCompEmpBnftPaidAmt066282
IRS990/CYTotalExpensesAmt0290939
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0279703
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0585
IRS990/DeferredRevenueGrp/EOYAmt078
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt038733
IRS990/DepreciationDepletionGrp/TotalAmt038733
IRS990/Desc0To provide low-income rental housing to income eligible persons residing in Inyo County as non-profit owner of a 34 unit apartment complex located in Lone Pine CA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0203021
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0162268
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0231255
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06500
IRS990/FeesForServicesAccountingGrp/TotalAmt06500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt04941
IRS990/FeesForServicesLegalGrp/TotalAmt04941
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt025772
IRS990/FeesForServicesManagementGrp/TotalAmt025772
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Ed Niehaus
IRS990/Form990PartVIISectionAGrp/PersonNm1Doug Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm2Charles James
IRS990/Form990PartVIISectionAGrp/PersonNm3Beth Niehaus
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0279703
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt013928
IRS990/InsuranceGrp/ProgramServicesAmt019726
IRS990/InsuranceGrp/TotalAmt033654
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt029479
IRS990/InterestGrp/TotalAmt029479
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0307
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0307
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01596938
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0316923
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0295060
IRS990/LandBldgEquipCostOrOtherBssAmt01891998
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0Provide affordable housing to low income families in Inyo County.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01633487
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01627165
IRS990/NetAssetsOrFundBalancesBOYAmt0-1077371
IRS990/NetAssetsOrFundBalancesEOYAmt0-1088607
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1280392
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1250875
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03715
IRS990/OfficeExpensesGrp/TotalAmt03715
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repairs
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2MISC
IRS990/OtherExpensesGrp/Desc3Real Estate Taxes
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04650
IRS990/OtherExpensesGrp/ProgramServicesAmt053485
IRS990/OtherExpensesGrp/ProgramServicesAmt122428
IRS990/OtherExpensesGrp/ProgramServicesAmt21122
IRS990/OtherExpensesGrp/TotalAmt053485
IRS990/OtherExpensesGrp/TotalAmt122428
IRS990/OtherExpensesGrp/TotalAmt24650
IRS990/OtherExpensesGrp/TotalAmt31122
IRS990/OtherLiabilitiesGrp/BOYAmt038626
IRS990/OtherLiabilitiesGrp/EOYAmt039396
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt060236
IRS990/OtherSalariesAndWagesGrp/TotalAmt060236
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06046
IRS990/PayrollTaxesGrp/TotalAmt06046
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025804
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036793
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Low Income Housing Rent
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0279396
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0279396
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0240
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0198465
IRS990/PYProgramServiceRevenueAmt0264721
IRS990/PYRevenuesLessExpensesAmt0-18633
IRS990/PYSalariesCompEmpBnftPaidAmt085129
IRS990/PYTotalExpensesAmt0283594
IRS990/PYTotalRevenueAmt0264961
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-11236
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0279396
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0242924
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0220500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0307
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0240
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0307
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0293
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0295
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0279396
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0264721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0257534
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0246063
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0236099
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01283813
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0240
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0293
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0295
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01442
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99880
IRS990ScheduleA/PublicSupportTotal509Amt01283813
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0279396
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0264721
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0257534
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0246063
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0236099
IRS990ScheduleA/Total509Grp/TotalAmt01283813
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0279703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0264961
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0257841
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0246356
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0236394
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01285255
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0172596
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01144880
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01317476
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0141771
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141771
IRS990ScheduleD/ExpensesSubtotalAmt0290939
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0100980
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100980
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021484
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0310287
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0331771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt221395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Asset management fee
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Security deposit payable
IRS990ScheduleD/RevenueSubtotalAmt0279703
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Corporation may recognizethe tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation and various positions related to the potential sources of unrelated business taxable income (UBTI). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the years ending December 31, 2020 and 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0295060
IRS990ScheduleD/TotalExpensesPerForm990Amt0290939
IRS990ScheduleD/TotalLiabilityAmt039396
IRS990ScheduleD/TotalRevenuePerForm990Amt0279703
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0279703
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0290939
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by CEO and Secretary prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0601186
IRS990/TotalAssetsEOYAmt0589898
IRS990/TotalAssetsGrp/BOYAmt0601186
IRS990/TotalAssetsGrp/EOYAmt0589898
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059684
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231255
IRS990/TotalFunctionalExpensesGrp/TotalAmt0290939
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01678557
IRS990/TotalLiabilitiesEOYAmt01678505
IRS990/TotalLiabilitiesGrp/BOYAmt01678557
IRS990/TotalLiabilitiesGrp/EOYAmt01678505
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1077371
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1088607
IRS990/TotalProgramServiceExpensesAmt0231255
IRS990/TotalProgramServiceRevenueAmt0279396
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0279703
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0279703
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0601186
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0589898
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1227
IRS990/USAddress/CityNm0Lone Pine
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093545
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
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/PersonNm0Doug Thompson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lone Pine Economic Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation and Trust
ReturnHeader/Filer/BusinessNameControlTxt0LONE
ReturnHeader/Filer/EIN0953661244

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
$589,898
Liabilities
$1,678,505
Net assets
-$1,088,607
Revenue
$279,703
Expenses
$290,939
Net income
-$11,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.46$1.59$1.13$0.43$0.41$0.03
2023Summary only. Only limited summary data is available for this year.$0.45$1.61$1.15$0.30$0.31$0.01
2022Summary only. Only limited summary data is available for this year.$0.51$1.65$1.14$0.30$0.33$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$1.67$1.11$0.28$0.30$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.59$1.68$1.09$0.28$0.29$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$1.68$1.08$0.26$0.28$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$1.68$1.06$0.26$0.29$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$1.69$1.02$0.25$0.29$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$1.70$0.98$0.24$0.31$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$1.71$0.90$0.22$0.27$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.87$1.73$0.86$0.24$0.31$0.06
2013Summary only. Only limited summary data is available for this year.$0.94$1.73$0.79$0.24$0.26$0.02
2012Summary only. Only limited summary data is available for this year.$0.98$1.74$0.76$0.24$0.30$0.06
2011Summary only. Only limited summary data is available for this year.$1.04$1.75$0.70$0.23$0.28$0.05