Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-7217517

DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC

Tax-exempt · DURANGO, CO 81302

Financials

$9K$24K2023$96K$1.9M2024
Revenue Expenses · by fiscal year end
Financials of DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$95,518$1,890,685-$1,795,167$1,036,950$0$1,036,950
December 31, 2023990$8,521$24,319-$15,798$2,915,550$1,727$2,913,823
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$95,518
Net gain from sales of assets
$92,755
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,876,726
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,910
Accounting fees
$1,150

Balance sheet and other

Total assets, start of year
$2,915,550
Total assets, end of year
$1,036,950
Total liabilities, end of year
$0
Net assets, end of year
$1,036,950
Publicly traded securities
$85
Net assets without donor restrictions
$1,036,950
Gross receipts
$780,564
Employees
0
Volunteers
0
Year formed
1972
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
James MorehartTreasurer
Trustee or director, Officer
1$0
Don MapelVice President
Trustee or director, Officer
1$0
Steve ShortDirector
Trustee or director
1$0
Greg MunroeSecretary
Trustee or director, Officer
1$0
Jason PortzPresident
Trustee or director, Officer
1$0
Heidi ZinkDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
James MorehartTreasurer
Trustee or director, Officer
1$0
Don MapelVice President
Trustee or director, Officer
1$0
Steve ShortDirector
Trustee or director
1$0
Greg MunroSecretary
Trustee or director, Officer
1$0
Jason PortzPresident
Trustee or director, Officer
1$0
Holly ZinkDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 3850, DURANGO, CO 81302-3850
Principal officer (990 for 2024)
Jason Portz, PO Box 3850, Durango, CO 81302
Signed the 990
Jason Portz, President
Phone
(970) 385-5329
Return prepared by
MBE CPAs LLP

Mission

To create an environment which will enhance the Durango area economy by creating new jobs and diversifying our economic base.

990 for the year ended December 31, 2024

Program accomplishments

  • Create and enhance industrial development projects in the Durango area.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7217517
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,036,950
Income (IRS master file)
$780,564

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$95,518$1,890,685$1,036,950XML
990December 2023$8,521$24,319$2,915,550XML
990December 2022$30,991$19,763$3,072,130IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7217517).

Questions about DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC

What is the EIN of DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC?
The employer identification number (EIN) of DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC is 23-7217517.
Is DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
Are donations to DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Jason Portz.
Who are the officers and directors of DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does DURANGO INDUSTRIAL DEVELOPMENT FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $95,518, expenses of $1,890,685 and total assets of $1,036,950 at year end.

Other nonprofits in DURANGO

All nonprofits in DURANGO · Colorado