Nonprofit · EIN 93-0814440
LINN ECONOMIC DEVELOPMENT GROUP
Tax-exempt · ALBANY, OR 97321
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $129,294 | $125,109 | $4,185 | $28,385 | $2,674 | $25,711 |
| June 30, 2024 | 990 | $511,476 | $501,107 | $10,369 | $24,130 | $2,604 | $21,526 |
| June 30, 2023 | 990 | $1,978,650 | $11,141,662 | -$9,163,012 | $13,785 | $2,628 | $11,157 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $128,450
- of which government grants
- $120,000
- Program service revenue
- $0
- Investment income
- $21
- Other revenue
- $823
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $101,200
- Salaries, compensation and benefits (total)
- $109,640
- Professional fundraising fees
- $0
- Accounting fees
- $2,030
- Occupancy
- $4,800
- Program services (functional)
- $125,109
Balance sheet and other
- Total assets, start of year
- $24,130
- Total assets, end of year
- $28,385
- Total liabilities, end of year
- $2,674
- Net assets, end of year
- $25,711
- Net assets without donor restrictions
- $25,711
- Gross receipts
- $129,294
- Employees
- 1
- Volunteers
- 22
- Year formed
- 1982
- State of legal domicile
- OR
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN PASCONE | PRESIDENT Officer | 40 | $99,800 |
| DAN WATSON | CHAIR Trustee or director, Officer | 2 | $0 |
| RICK KENYON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MARK RAUM | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| JANET STEELE | DIRECTOR Trustee or director | 1 | $0 |
| LISA AVERY | DIRECTOR Trustee or director | 1 | $0 |
| FLOYD COLLINS | DIRECTOR Trustee or director, Officer | 1 | $0 |
| KEVIN KREITMAN | DIRECTOR Trustee or director | 1 | $0 |
| ADAM KOHLER | DIRECTOR Trustee or director | 1 | $0 |
| ROGER NYQUIST | DIRECTOR Trustee or director | 1 | $0 |
| TIM KIRSCH | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA GRIZZLE | DIRECTOR Trustee or director | 1 | $0 |
| TIM HOUSLEY | DIRECTOR Trustee or director | 1 | $0 |
| ALEX JOHNSON II | DIRECTOR Trustee or director | 1 | $0 |
| REP SHELLY BOSHART-DAVIS | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER TROEDSSEN | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| JANELLE BOOTH | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| SCOTT COWAN | DIRECTOR Trustee or director | 1 | $0 |
| BILL MACHUGH | DIRECTOR Trustee or director | 1 | $0 |
| LAGEA MULL | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HANSON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID VAN DER HAEGHEN | DIRECTOR Trustee or director | 1 | $0 |
| SEAN TATE RESIGNED | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN PASCONE | PRESIDENT Trustee or director, Officer | 40 | $98,400 |
| DAN WATSON | CHAIR Trustee or director, Officer | 2 | $0 |
| RICK KENYON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MARK RAUM | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| JANET STEELE | DIRECTOR Trustee or director | 1 | $0 |
| LISA AVERY | DIRECTOR Trustee or director | 1 | $0 |
| FLOYD COLLINS | DIRECTOR Trustee or director, Officer | 1 | $0 |
| JAMES RAMSEYER | DIRECTOR Trustee or director | 1 | $0 |
| SEAN TATE | DIRECTOR Trustee or director | 1 | $0 |
| ADAM KOHLER | DIRECTOR Trustee or director | 1 | $0 |
| ROGER NYQUIST | DIRECTOR Trustee or director | 1 | $0 |
| WILL TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| TIM KIRSCH | DIRECTOR Trustee or director | 1 | $0 |
| ADAM KEATON | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA GRIZZLE | DIRECTOR Trustee or director | 1 | $0 |
| TIM HOUSLEY | DIRECTOR Trustee or director | 1 | $0 |
| ALEX JOHNSON II | DIRECTOR Trustee or director | 1 | $0 |
| REP SHELLY BOSHART-DAVIS | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| PETER TROEDSSEN | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| KEVIN KREITMAN | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| SCOTT COWAN | DIRECTOR Trustee or director | 1 | $0 |
| BILL MACHUGH | DIRECTOR Trustee or director | 1 | $0 |
| LAGEA MULL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN PASCONE | PRESIDENT Trustee or director, Officer | 40 | $98,400 |
| JON KLOOR | CHAIR Trustee or director, Officer | 2 | $0 |
| JANET STEELE | DIRECTOR Trustee or director | 1 | $0 |
| MARK RAUM | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| SEAN TATE | DIRECTOR Trustee or director | 1 | $0 |
| LISA AVERY | DIRECTOR Trustee or director | 1 | $0 |
| FLOYD COLLINS | DIRECTOR Trustee or director, Officer | 1 | $0 |
| JAMES RAMSEYER | DIRECTOR Trustee or director | 1 | $0 |
| RICK KENYON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ADAM KOHLER | DIRECTOR Trustee or director | 1 | $0 |
| ROGER NYQUIST | DIRECTOR Trustee or director | 1 | $0 |
| WILL TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| TIM KIRSCH | DIRECTOR Trustee or director | 1 | $0 |
| ADAM KEATON | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA GRIZZLE | DIRECTOR Trustee or director | 1 | $0 |
| TIM HOUSLEY | DIRECTOR Trustee or director | 1 | $0 |
| ALEX JOHNSON II | DIRECTOR Trustee or director | 1 | $0 |
| DAN WATSON | DIRECTOR Trustee or director | 1 | $0 |
| REP SHELLY BOSHART-DAVIS | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| PETER TROEDSSEN | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| KEVIN KREITMAN | EX-OFFICIO MEMBER Trustee or director | 1 | $0 |
| SCOTT COWAN | DIRECTOR Trustee or director | 1 | $0 |
| BILL MACHUGH | DIRECTOR Trustee or director | 1 | $0 |
| LAGEA MULL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 548, ALBANY, OR 97321-0161
- Principal officer (990 for 2024)
- JOHN PASCONE, 435 W 1ST AVE, ALBANY, OR 97321
- Signed the 990
- JOHN PASCONE, PRESIDENT
- Phone
- (541) 979-4109
- Return prepared by
- SINGERLEWAK LLP
Mission
TO FOSTER A HEALTHY AND VIABLE ECONOMY IN THE ALBANY, MILLERSBURG AND LINN COUNTY AREA.
Program accomplishments
- TO FOSTER A HEALTHY AND VIABLE ECONOMY IN THE ALBANY, MILLERSBURG AND LINN COUNTY AREA. OBJECTIVES INCLUDE:- ASSIST IN THE DEVELOPMENT, RETENTION, AND EXPANSION OF LINN COUNTY AREA BUSINESSES;- IMPROVE THE OPPORTUNITY FOR BUSINESS SUCCESS;- ENHANCE THE ECONOMIC BASE BY SITING NEW TARGETED INDUSTRIES- SUPPORT AND ASSIST IN REGIONAL AND STATE PROGRAMS WHICH WILL BENEFIT THE MID VALLEY COMMUNITIES; AND - ESTABLISH A VIABLE PARTNERSHIP FOR MANAGED ECONOMIC GROWTHExpenses $125,109 · revenue $823
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 93-0814440
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $28,385
- Income (IRS master file)
- $129,294
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $129,294 | $125,109 | $28,385 | XML |
| 990 | June 2024 | $511,476 | $501,107 | $24,130 | XML |
| 990 | June 2023 | $1,978,650 | $11,141,662 | $13,785 | XML |
| 990 | June 2022 | $20,595,784 | $26,960,430 | $9,176,697 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 93-0814440).
Questions about LINN ECONOMIC DEVELOPMENT GROUP
- What is the EIN of LINN ECONOMIC DEVELOPMENT GROUP?
- The employer identification number (EIN) of LINN ECONOMIC DEVELOPMENT GROUP is 93-0814440.
- Is LINN ECONOMIC DEVELOPMENT GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1982.
- Are donations to LINN ECONOMIC DEVELOPMENT GROUP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LINN ECONOMIC DEVELOPMENT GROUP 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 LINN ECONOMIC DEVELOPMENT GROUP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LINN ECONOMIC DEVELOPMENT GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LINN ECONOMIC DEVELOPMENT GROUP?
- The 990 for the year ended June 30, 2025 names JOHN PASCONE.
- Who are the officers and directors of LINN ECONOMIC DEVELOPMENT GROUP?
- The 990 for the year ended June 30, 2025 lists 23 people; 1 received compensation from the organization, the highest $99,800 (JOHN PASCONE, PRESIDENT).
- How much revenue does LINN ECONOMIC DEVELOPMENT GROUP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $129,294, expenses of $125,109 and total assets of $28,385 at year end.
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