EIN 74-2041618

Montrose Economic Development Corporation

IRS 501(c) type
501(c)(6)
Num. employees
2
City
Montrose
Year formed
1957
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Montrose Economic Development Corporation's mission is to strengthen Montrose County's economic base and increase the standard of living for all residents. They acquire and develop infrastructure for industrial/commercial use as an aid to retaining/expanding existing firms and helping businesses to relocate into the area, with indirect benefits to all county residents. MEDC operates in Montrose, CO, assisting in economic development through retention, expansion, attraction, and development of primary jobs and capital investments.
Total revenues
$163,624
2023
Total expenses
$217,910
2023
Total assets
$380,170
2023
Num. employees
2
2023

Program areas at Montrose Economic Development Corporation

Economic Development in Montrose county, Colorado including assisting in retaining/expanding existing firms and helping businesses relocate into the area. Indirect benefit to all residents of county.
Acquire and develop infrastructure for industrial/commercial use as an aid to retaining/expanding existing firms and helping businesses to relocate into the area. Indirect benefit to all residents of county.
Acquire and develop sites for industrial/commercial use as an aid to retaining/expanding existing firms and helping businesses to relocate into the area. Indirect benefit to all residents of county.

Who funds Montrose Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Montrose Regional Health (MMH)To Support Program$5,750

Personnel at Montrose Economic Development Corporation

NameTitleCompensation
Sandra HeadExecutive Director$80,000
Sandy HeadBoard Member$80,000
Mike KusarChair$0
Corri SchmidtVice Chair$0
David SchieldtDirector$0
...and 6 more key personnel

Financials for Montrose Economic Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$173,440
Program services$0
Investment income and dividends$2,541
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-12,357
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$163,624

Form 990s for Montrose Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-28990View PDF
2022-122023-11-15990View PDF
2021-122022-08-23990View PDF
2020-122021-07-14990EZView PDF
2019-122020-09-17990EZView PDF
...and 9 more Form 990s

Organizations like Montrose Economic Development Corporation

OrganizationLocationRevenue
One OkaloosaFort Walton Beach, FL$697,242
Waller County Ecomonic Development PartnershipHempstead, TX$471,081
Growth Dimensions for Belvidere and Boone CountyBelvidere, IL$387,682
North CountySaint Louis, MO$262,261
Webster City Area ABIWebster City, IA$153,032
Wilton Industrial Development CorporationWilton, IA$181,542
San Diego North Economic Development CouncilSan Marcos, CA$604,953
Richland Economic DevelopmentSidney, MT$179,828
Bloomington Economic Development CorporationBloomington, IN$590,621
River Bend Growth AssociationGodfrey, IL$309,889
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 5 new personnel
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $5,750 from Montrose Regional Health (MMH)
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 7, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Economic developmentBusiness and industry
Characteristics
MembershipsFundraising eventsState / local levelReceives government funding
General information
Address
1601 Oxbow Dr 360b
Montrose, CO 81401
County
Montrose County, CO
Website URL
montroseedc.org/ 
Phone
(970) 249-9438
IRS details
EIN
74-2041618
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1957
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when Montrose Economic Development Corporation has new information, or want to find more organizations like Montrose Economic Development Corporation?

Create free Cause IQ account