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Nonprofit · EIN 84-0840120

LONGMONT AREA ECONOMIC COUNCIL

Tax-exempt · LONGMONT, CO 80501

Financials

$726K$655K2023$744K$636K2024
Revenue Expenses · by fiscal year end
Financials of LONGMONT AREA ECONOMIC COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$744,385$636,414$107,971$338,607$14,104$324,503
December 31, 2023990$725,889$655,119$70,770$240,715$24,183$216,532
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$693,599
Membership dues
$155,000
Program service revenue
$30,532
Investment income
$1,174
Other revenue
$19,080

Expenses

Grants and similar amounts paid
$2,900
Compensation of officers, directors and key employees
$298,817
Salaries, compensation and benefits (total)
$361,148
Professional fundraising fees
$0
Legal fees
$650
Accounting fees
$1,545
Occupancy
$73,643
Travel
$162
Depreciation
$398
Program services (functional)
$450,220
Management and general (functional)
$151,397
Fundraising (functional)
$34,797

Balance sheet and other

Total assets, start of year
$240,715
Total assets, end of year
$338,607
Total liabilities, end of year
$14,104
Net assets, end of year
$324,503
Land, buildings and equipment
$1,589
Net assets without donor restrictions
$293,787
Net assets with donor restrictions
$30,716
Gross receipts
$744,385
Employees
3
Volunteers
0
Year formed
1981
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
ERIN FOSDICKPRESIDENT/CEO
Trustee or director, Officer
40$153,006
PHILLIP INZERILLOCOMMUNITY & INVESTOR RELAT
Trustee or director
40$70,240
KRISTA COLEHOWEROPERATIONS SPECIALIST
Trustee or director
24$68,490
ANDY WELCHBOARD MEMBER
Trustee or director
4$0
CAMERON GRANTCHAIRMAN
Trustee or director, Officer
4$0
DAN GUSTBOARD MEMBER
Trustee or director
4$0
ERIC WALLACEPAST CHAIRMAN
Trustee or director, Officer
4$0
HAROLD DOMINGUEZCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
JOAN PECKCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
NARCISO GARIBAYTREASURER
Trustee or director, Officer
4$0
DIANE CRISTCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
RYAN ROHMANBOARD MEMBER
Trustee or director
4$0
JACK BESTALLSECRETARY
Trustee or director, Officer
4$0
VALERIE DODDCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
MICHAEL MERCIERBOARD MEMBER
Trustee or director
4$0
4 more people on this return
NameTitleHours / weekCompensation
PAM HORABOARD MEMBER
Trustee or director
4$0
STEVE LANEBOARD MEMBER
Trustee or director
4$0
DON HADDADBOARD MEMBER
Trustee or director
4$0
DARRIN ANSONBOARD MEMBER
Trustee or director
4$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensation
PHILLIP INZERILLOCOMMUNITY & INVESTOR RELATIONS
Trustee or director
40$70,086
KRISTA COLEHOWERADMINISTRATIVE ASSISTANT
Trustee or director
24$65,049
STEPHANIE PITTS-NOGGLEECONOMIC DEVELOPMENT
Trustee or director
40$26,649
ANDY WELCHBOARD MEMBER
Trustee or director
4$0
CAMERON GRANTCHAIRMAN
Trustee or director, Officer
4$0
DAN GUSTBOARD MEMBER
Trustee or director
4$0
ERIC WALLACEPAST CHAIRMAN
Trustee or director, Officer
4$0
HAROLD DOMINGUEZCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
JOAN PECKCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
JOHN CREIGHTONTREASURER
Trustee or director, Officer
4$0
TIM WATERSCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
RYAN ROHMANBOARD MEMBER
Trustee or director
4$0
JACK BESTALLSECRETARY
Trustee or director, Officer
4$0
VALERIE DODDCITY APPOINTED BOARD MEMBE
Trustee or director
4$0
MICHAEL MERCIERBOARD MEMBER
Trustee or director
4$0
PAM HORABOARD MEMBER
Trustee or director
4$0
STEVE LANEBOARD MEMBER
Trustee or director
4$0
DON HADDADBOARD MEMBER
Trustee or director
4$0
DARRIN ANSONBOARD MEMBER
Trustee or director
4$0

Address and contacts

Address (IRS master file)
1925 PIKE RD UNIT 202, LONGMONT, CO 80501-6749
Principal officer (990 for 2024)
KELLY SAGE, 1925 PIKE ROAD SUITE 202, LONGMONT, CO 80501
Signed the 990
KELLY SAGE, PRESIDENT
Phone
(303) 651-0128
Return prepared by
ATLAS CPAS & ADVISORS PLLC

Mission

PROVIDING INFORMATION AND SERVICES TO EXISTING AND PROSPECTIVE BUSINESSES AND INDUSTRIES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING INFORMATION AND SERVICES TO EXISTING AND PROSPECTIVE BUSINESSES AND INDUSTRIES; STIMULATING BUSINESS ECONOMIC DEVELOPMENT, WHICH WILL BE OF BENEFIT TO THE CITIZENS, BUSINESSES AND CITY OF LONGMONT, COLORADO.
    Expenses $450,220

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
84-0840120
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$338,607
Income (IRS master file)
$744,385

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$744,385$636,414$338,607IRS
990December 2023$725,889$655,119$240,715XML
990December 2022$771,668$809,008$180,730IRS
990December 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 84-0840120).

Questions about LONGMONT AREA ECONOMIC COUNCIL

What is the EIN of LONGMONT AREA ECONOMIC COUNCIL?
The employer identification number (EIN) of LONGMONT AREA ECONOMIC COUNCIL is 84-0840120.
Is LONGMONT AREA ECONOMIC COUNCIL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1988.
Are donations to LONGMONT AREA ECONOMIC COUNCIL tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LONGMONT AREA ECONOMIC COUNCIL 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 LONGMONT AREA ECONOMIC COUNCIL 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 LONGMONT AREA ECONOMIC COUNCIL 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 LONGMONT AREA ECONOMIC COUNCIL?
The 990 for the year ended December 31, 2024 names KELLY SAGE.
Who are the officers and directors of LONGMONT AREA ECONOMIC COUNCIL?
The 990 for the year ended December 31, 2024 lists 19 people; 3 received compensation from the organization, the highest $153,006 (ERIN FOSDICK, PRESIDENT/CEO).
How much revenue does LONGMONT AREA ECONOMIC COUNCIL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $744,385, expenses of $636,414 and total assets of $338,607 at year end.

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