Nonprofit · EIN 84-1096907
SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC
Tax-exempt · LAMAR, CO 81052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,541,796 | $1,364,126 | $177,670 | $11,821,689 | $2,321,977 | $9,499,712 |
| December 31, 2023 | 990 | $2,972,095 | $1,171,341 | $1,800,754 | $10,325,557 | $1,003,515 | $9,322,042 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $931,225
- of which government grants
- $883,113
- Membership dues
- $48,112
- Program service revenue
- $386,826
- Investment income
- $21,718
- Other revenue
- $202,027
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $760,947
- Salaries, compensation and benefits (total)
- $760,947
- Professional fundraising fees
- $0
- Legal fees
- $2,064
- Accounting fees
- $13,800
- Occupancy
- $31,256
- Travel
- $61,068
- Depreciation
- $13,668
- Program services (functional)
- $1,364,126
Balance sheet and other
- Total assets, start of year
- $10,325,557
- Total assets, end of year
- $11,821,689
- Total liabilities, end of year
- $2,321,977
- Net assets, end of year
- $9,499,712
- Land, buildings and equipment
- $2,222,158
- Net assets without donor restrictions
- $9,499,712
- Gross receipts
- $1,541,796
- Employees
- 15
- Year formed
- 1988
- 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 | Other / benefits |
|---|---|---|---|---|
| STEPHANIE GONZALES | EXECUTIVE DI Officer | 40 | $82,171 | $13,073 |
| BLAINE ARBUTHNOT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLEN AUSMUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANELLE BERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK BUTLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRK CRESPIN | SECRETARY Trustee or director | 1 | $0 | $0 |
| ROY ELLIOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHILOH FREED | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM GRASMICK | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| TIM KNABENSHUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE LENING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIM MACDONNELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRY MCMILLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROB OQUIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD OSWALD | VICE CHAIRMA Trustee or director | 1 | $0 |
| BUTCH ROBERTSON | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES SHUPE | DIRECTOR Trustee or director | 1 | $0 |
| JEAN SYKES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BLAINE ARBUTHNOT | DIRECTOR Trustee or director | – | $0 |
| GLEN AUSMUS | DIRECTOR Trustee or director | – | $0 |
| JIM BALDWIN | DIRECTOR Trustee or director | – | $0 |
| DANELLE BERG | DIRECTOR Trustee or director | – | $0 |
| RICK BUTLER | DIRECTOR Trustee or director | – | $0 |
| WENDY BUXTON-ANDRADE | DIRECTOR Trustee or director | – | $0 |
| JIM COLLINS | DIRECTOR Trustee or director | – | $0 |
| KIRK CRESPIN | SECRETARY R Trustee or director | – | $0 |
| ROY ELLIOTT | DIRECTOR Trustee or director | – | $0 |
| SHILOH FREED | DIRECTOR Trustee or director | – | $0 |
| TOM GRASMICK | CHAIRMAN Trustee or director | – | $0 |
| MARTY LEE | DIRECTOR Trustee or director | – | $0 |
| MIKE LENING | DIRECTOR Trustee or director | – | $0 |
| TERRY MCMILLAN | DIRECTOR Trustee or director | – | $0 |
| DONALD OSWALD | VICE CHAIRMA Trustee or director | – | $0 |
| BUTCH ROBERTSON | DIRECTOR Trustee or director | – | $0 |
| JEAN SYKES | DIRECTOR Trustee or director | – | $0 |
| STEPHANIE GONZALES | EXECUTIVE DI Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1600, LAMAR, CO 81052-1600
- Principal officer (990 for 2024)
- STEPHANIE GONZALES
- Signed the 990
- STEPHANIE GONZALES, EXECUTIVE DIRECTOR
- Phone
- (719) 336-3850
- Website
- WWW.SECED.NET
- Return prepared by
- RFARMER LLC
Mission
TO PROVIDE ECONOMIC ASSISTANCE TO INDIVIDUALS AND BUSINESSES IN SOUTHEAST COLORADO THAT DO NOT QUALIFY FOR TRADITIONAL FINANCING. LOANS ARE PRIMARLY MADE TO NEW, START-UP BUSINESSES OR BUSINESSES THAT ARE HAVING DIFFICULTY WITH TRADITIONAL FINANCING. LOANS HAVE BEEN MADE TO HOME OWNERS TO IMPROVE THEIR PERSONAL RESIDENCES BY UPGRADING WINDOWS, DOORS, AND HEATING.
Program accomplishments
- BUSINSS ASSISTANCE LOAN FUND--THE REVOLVING LOAN IS DESIGNED TO FILL GAPS IN SMALL BUSINESS FINANCING OPTIONS. THE ALTERNATIVE FINANCING METHOD POSITIVELY IMPACTS THE ECONOMIC HEALTH OF THE COMMUNITES WITIN BACA, BENT, CROWLEY, KIOWA, AND PROWERS COUNTIES. SINCE INCEPTION THE PROGRAM HAS CREATED IN EXCESS OF 400 JOBS. THE AVERAGE LOAN IS APPROXIMATELY 60,000.Expenses $1,200,236
- REVOLVING LOAN FUND-PROVIDES INCENTIVES AND DEVELOPS PROMOTIONAL ACTIVITIES TO MARKET AND ADVERTISE ADVANTAGES OF LOCATING A BUSINESS IN SE COLORADO, CREATE A POSITIVE IDENTITY, ENCOURAGE RETENTION, AND EXPANSION OF EXISTING BUSINESSES, PROMOTE REDEVELOPMENT AND ATTRACT NEW BUSINESSES. GENERALLY ENHANCE THE ECONOMIC GROWTH OF SOUTHEAST COLORADO. THIS INCLUDES THE COLORADO DIVISION OF HOUSING-SINGLE FAMILY OWNER OCCUPIED REHABILITATION LOAN PROGRAM FOR HOME OWNERS LIVING IN BACA, KIOWA, AND PROWERS COUNTIES TO PROVIDE LOW INTEREST RATE LOANS. THE PROGRAM HAS MADE APPROXIMATELY 315 LOAN TO INDIVIDUALS LIVING IN THE AUTHORIZED AREA SINCE 1995. THE AVERAGE LOAN AMOUNT IS APPROXIMATELY 16,450. THE PROGRAM SERVES LOW TO MODERATE INCOME HOUSEHOLDS WITH LOW FIXED RATE INTEREST AND FAVORABLE REPAYMENT TERMS.
- OTHER ADMINISTRATIVE COSTS FOR ENTERPRISE ADMINSTRATIVE PROGRAMS, TRANSPORTATION PLANNING PROGRAMS, AND TECHNICAL ASSISTANCE PROGRAMS.Expenses $163,890
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
- 84-1096907
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $11,821,689
- Income (IRS master file)
- $1,541,796
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,541,796 | $1,364,126 | $11,821,689 | IRS |
| 990 | December 2023 | $2,972,095 | $1,171,341 | $10,325,557 | XML |
| 990 | December 2022 | $1,702,636 | $2,293,212 | $7,817,182 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 84-1096907).
Questions about SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC
- What is the EIN of SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC?
- The employer identification number (EIN) of SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC is 84-1096907.
- Is SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT 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 SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT 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 SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT 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 SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names STEPHANIE GONZALES.
- Who are the officers and directors of SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $82,171 (STEPHANIE GONZALES, EXECUTIVE DI).
- How much revenue does SOUTHEAST COLORADO ENTERPRISE DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,541,796, expenses of $1,364,126 and total assets of $11,821,689 at year end.
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