Nonprofit · EIN 74-2041618
MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC
Tax-exempt · MONTROSE, CO 81401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $135,874 | $244,424 | -$108,550 | $269,099 | $97,753 | $171,346 |
| December 31, 2023 | 990 | $163,624 | $217,910 | -$54,286 | $380,170 | $100,372 | $279,798 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $140,570
- Membership dues
- $114,263
- Program service revenue
- $0
- Investment income
- $7,422
- Net gain from sales of assets
- $4,090
- Net income from fundraising events
- -$12,118
- Other revenue
- -$12,118
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $130,304
- Salaries, compensation and benefits (total)
- $140,837
- Professional fundraising fees
- $0
- Occupancy
- $20,176
- Depreciation
- $1,503
- Management and general (functional)
- $241,635
- Fundraising (functional)
- $2,789
Balance sheet and other
- Total assets, start of year
- $380,170
- Total assets, end of year
- $269,099
- Total liabilities, end of year
- $97,753
- Net assets, end of year
- $171,346
- Land, buildings and equipment
- $186,591
- Gross receipts
- $153,112
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1957
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDY HEAD | EXECUTIVE DIRECTOR Trustee or director | 40 | $80,000 |
| PATRICIA CUMMINGS | EXECUTIVE ASSISTANT Trustee or director | 40 | $50,304 |
| DAVE FRANK | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE KINION | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT LOCKE | DIRECTOR Trustee or director | 1 | $0 |
| ZANDER PARKER | DIRECTOR Trustee or director | 1 | $0 |
| MARTIN LUTZ | DIRECTOR Trustee or director | 1 | $0 |
| JEFF MENGENHAUSEN | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY MERRIT | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVE METHENY | DIRECTOR Trustee or director | 1 | $0 |
| BUCK MILLER | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| FRANK RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE SAFF | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CORRI SCHMIDT | CHAIR Trustee or director, Officer | 1 | $0 |
| ANTHONY RUSSO | DIRECTOR Trustee or director | 1 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARRIE STEPHENSON | DIRECTOR Trustee or director | 1 | $0 |
| MARI STEINBACK | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN WILSON | DIRECTOR Trustee or director | 1 | $0 |
| STEVE POPE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SCHIELDT | SECRETARY Trustee or director, Officer | 1 | $0 |
| JACK JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
| SUE HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| TONYA MADDOX | DIRECTOR Trustee or director | 1 | $0 |
| ED HAWTHORNE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDY HEAD | EXECUTIVE DIRECTOR Trustee or director | 40 | $80,000 |
| PATRICIA CUMMINGS | EXECUTIVE ASSITANT Trustee or director | 40 | $49,728 |
| STEVE ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM BELL | DIRECTOR Trustee or director | 1 | $0 |
| KEITH CADDY | DIRECTOR Trustee or director | 1 | $0 |
| MIKE KUSAR | CHAIR Trustee or director, Officer | 1 | $0 |
| MARTIN LUTZ | DIRECTOR Trustee or director | 1 | $0 |
| JEFF MENGENHAUSEN | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY MERRIT | DIRECTOR Trustee or director | 1 | $0 |
| STEVE METHENY | DIRECTOR Trustee or director | 1 | $0 |
| BUCK MILLER | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES PLUMHOFF | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE SAFF | TREASURER Trustee or director, Officer | 1 | $0 |
| CORRI SCHMIDT | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DOUG SEACAT | SECRETARY Trustee or director, Officer | 1 | $0 |
| CARRIE STEPHENSON | DIRECTOR Trustee or director | 1 | $0 |
| JON WASCHBUSCH | DIRECTOR Trustee or director | 1 | $0 |
| GREG DAVIDSON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID REED | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SCHIELDT | DIRECTOR Trustee or director | 1 | $0 |
| JACK JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
| SUE HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| TONYA MADDOX | DIRECTOR Trustee or director | 1 | $0 |
| ED HAWTHORNE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE POPE | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN WILSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 401 E MAIN ST, MONTROSE, CO 81401-3929
- Principal officer (990 for 2024)
- SANDRA HEAD, 401 E MAIN STREET, MONTROSE, CO 81401
- Signed the 990
- SANDRA HEAD, EXECUTIVE DIRECTOR
- Phone
- (970) 249-9438
- Website
- WWW.MONTROSEEDC.ORG
- Return prepared by
- DALBY WENDLAND & CO PC
Mission
THE MISSION OF MEDC IS TO STRENGTHEN MONTROSE COUNTY'S ECONOMIC BASE AND INCREASE THE STANDARD OF LIVING FOR ALL OF ITS RESIDENTS THROUGH THE RETENTION, EXPANSION, ATTRACTION, AND DEVELOPMENT OF PRIMARY JOBS AND CAPITAL INVESTMENTS.
Program accomplishments
- 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 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.
- 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2041618
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $269,099
- Income (IRS master file)
- $153,112
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $135,874 | $244,424 | $269,099 | XML |
| 990 | December 2023 | $163,624 | $217,910 | $380,170 | XML |
| 990 | December 2022 | $139,991 | $212,880 | $436,577 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 74-2041618).
Questions about MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC
- What is the EIN of MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC is 74-2041618.
- Is MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MONTROSE ECONOMIC DEVELOPMENT COUNCIL 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 MONTROSE ECONOMIC DEVELOPMENT COUNCIL 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 MONTROSE ECONOMIC DEVELOPMENT COUNCIL 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 MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 names SANDRA HEAD.
- Who are the officers and directors of MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 2 received compensation from the organization, the highest $80,000 (SANDY HEAD, EXECUTIVE DIRECTOR).
- How much revenue does MONTROSE ECONOMIC DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $135,874, expenses of $244,424 and total assets of $269,099 at year end.
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