Nonprofit · EIN 94-3206648
LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · NEWPORT, OR 97365
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $156,760 | $654,707 | -$497,947 | $194,489 | $0 | $194,489 |
| June 30, 2024 | 990 | $262,084 | $544,865 | -$282,781 | $692,436 | $0 | $692,436 |
| June 30, 2023 | 990 | $1,160,682 | $303,008 | $857,674 | $945,218 | $1 | $945,217 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $108,500
- of which government grants
- $43,500
- Membership dues
- $65,000
- Program service revenue
- $47,480
- Investment income
- $780
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $21,744
- Other salaries and wages
- $269,982
- Salaries, compensation and benefits (total)
- $343,289
- Professional fundraising fees
- $0
- Accounting fees
- $9,065
- Travel
- $6,115
- Program services (functional)
- $586,955
- Management and general (functional)
- $67,752
Balance sheet and other
- Total assets, start of year
- $692,436
- Total assets, end of year
- $194,489
- Total liabilities, end of year
- $0
- Net assets, end of year
- $194,489
- Gross receipts
- $156,760
- Employees
- 4
- Year formed
- 1995
- 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 |
|---|---|---|---|
| ROBERT COWEN | PAST-PRESIDE Trustee or director | 1 | $0 |
| BRYAN FITZSIMMONS | BOARD MEMBER Trustee or director | 1 | $0 |
| DOUG HOLBROOK | BOARD MEMBER Trustee or director | 1 | $0 |
| JASON HOLLAND | AT-LARGE Trustee or director | 1 | $0 |
| KAETY JACOBSON | EX OFFICIO Trustee or director | 1 | $0 |
| CARRIE LEWIS | PRESIDENT Trustee or director | 1 | $0 |
| LESLEY OGDEN | SECRETARY Trustee or director | 1 | $0 |
| GREGORY PRICE | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA ROY | BOARD MEMBER Trustee or director | 1 | $0 |
| BIRGITTE RYSLINGE | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL SMITH | TREASURER Trustee or director | 1 | $0 |
| DR MAJALISE TOLAN | VICE-PRESIDE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACY ANTHONY BAILEY | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT COWEN | PRESIDENT Trustee or director | 1 | $0 |
| BRYAN FITZSIMMONS | BOARD MEMBER Trustee or director | 1 | $0 |
| DOUG HOLBROOK | BOARD MEMBER Trustee or director | 1 | $0 |
| JASON HOLLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| KAETY JACOBSON | EX OFFICIO Trustee or director | 1 | $0 |
| CARRIE LEWIS | VICE PRESIDE Trustee or director | 1 | $0 |
| LESLEY OGDEN | SECRETARY Trustee or director | 1 | $0 |
| GREGORY PRICE | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA ROY | BOARD MEMBER Trustee or director | 1 | $0 |
| BIRGITTE RYSLINGE | PAST PRESIDE Trustee or director | 1 | $0 |
| MICHAEL SMITH | TREASURER Trustee or director | 1 | $0 |
| DR MAJALISE TOLAN | DIRECTOR AT Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACY ANTHONY BAILEY | PAST PRESIDE Trustee or director | 1 | $0 |
| ROBERT COWEN | VICE CHAIR Trustee or director | 1 | $0 |
| BRYAN FITZSIMMONS | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN GRAY | BOARD MEMBER Trustee or director | 1 | $0 |
| DOUG HOLBROOK | BOARD MEMBER Trustee or director | 1 | $0 |
| JASON HOLLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| KAETY JACOBSON | BOARD MEMBER Trustee or director | 1 | $0 |
| CARRIE LEWIS | BOARD MEMBER Trustee or director | 1 | $0 |
| PAULA MIRANDA | BOARD MEMBER Trustee or director | 1 | $0 |
| LESLEY OGDEN | SECRETARY Trustee or director | 1 | $0 |
| LINDA ROY | BOARD MEMBER Trustee or director | 1 | $0 |
| BIRGITTE RYSLINGE | PRESIDENT Trustee or director | 1 | $0 |
| MICHAEL SMITH | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 716, NEWPORT, OR 97365-0050
- In care of
- % CAROLINE BAUMAN
- Principal officer (990 for 2024)
- PAUL SCHUYTEMA, PO BOX 716, NEWPORT, OR 97365
- Signed the 990
- PAUL SCHUYTEMA, EXECUTIVE DIRECTOR
- Return prepared by
- PACIFIC NORTHWEST ACCOUNTING AND TAX INC
Mission
TO DELIVER ECONOMIC DEVELOPMENT SERVICES TO FACILITATE CREATION, GROWTH AND RETENTION OF LINCOLN COUNTY BUSINESSES.
Program accomplishments
- STRATEGIC PLANNING: THE ECONOMIC DEVELOPMENT ALLIANCE OF LINCOLN COUNTY WAS CREATED IN 1994 AND CHARGED WITH MAKING A ROAD MAP FOR ECONOMIC DEVELOPMENT IN THE COUNTY. CONSEQUENTLY, WE CONSULT WITH ECONOMIC DEVELOPMENT LEADERS IN THE COMMUNITY TO SET AND UPDATE THE GOALS OF THE COUNTY, AND PARTICIPATE IN REGIONAL AND STATEWIDE GOAL SETTING SUCH AS THE CEDS AND OREGON BUSINESS PLAN.
- COMMUNITY AND ECONOMIC DEVELOPMENT GRANT REVIEW: THE BOARD OF DIRECTORS SERVES AS THE REVIEW COMMITTEE FOR THE LINCOLN COUNTY COMMUNITY AND ECONOMIC DEVELOPMENT GRANT FUND. THE ALLIANCE BOARD REPORTS TO THE BOARD OF COMMISSIONERS AND DELIVERS ITS RECOMMENDATIONS. THE CRITERIA ARE UPDATED AND REFINED PERIODICALLY AND EXECUTIVE DIRECTOR CAROLINE BAUMAN HOLDS TRAIN ING SEMINARS FOR GRANT APPLICANTS TO ASSIST IN THEIR SUCCESS.
- SOURCE OF INFORMATION TO THE PUBLIC: WE PROVIDE INFORMATION TO PROSPECTIVE BUSINESS OWNERS, CURRENT OWNERS/MANAGERS, AND THE PUBLIC ON THE BUSINESS CLIMATE. WE MAINTAIN A LIST OF DEVELOP ABLE PROPERTIES AND ASSIST IN MARKETING AS NEEDED.
- 4.YAQUINA BAY OCEAN OBSERVING INITIATIVE: WE SUPPORT AN ECONOMIC DEVELOPMENT STRATEGY TO MAKE NEWPORT A HUB FOR ALL OCEAN RELATED SCIENCE AND TECHNOLOGY IN THE PACIFIC NORTHWEST. THERE IS NOW INCREASING SCIENTIFIC AND ECONOMIC ACTIVITY IN OUR REGION. IN ADDITION TO THE MARINE STUDIES CAM PUS SOON TO BE UNDERWAY, OCEAN OBSERVING, MARINE EDUCATION, AND BOAT BUILDING CONTINUE TO BE STRENGTHS. 5.ENTERPRISE ZONE MANAGEMENT: WE PROVIDE INFORMATION FOR QUALIFYING COMPANIES (CERTAIN INDUSTRIES) TO TAKE ADVANTAGE OF THIS TAX INCENTIVE OFFERED BY THE STATE OF OREGON. QUALIFIED APPLICATIONS ARE SUBMITTED AND REVIEWED LOCALLY. 6.ACTIVE PARTNERSHIPS: THE EDALC IS AN ACTIVE PARTNER WITH CHAMBERS, SMALL BUSINESS DEVELOPMENT, AND THE YAQUINA BAY ECONOMIC FOUNDATION. WITH USDA SUPPORT, WE ARE FOCUSING ON MARINE RELATED INDUSTRY IN OUR COUNTY TO CREATE AN INDUSTRY CLUSTER OF SUPPORTIVE ECONOMIC ACTIVITY FOR SEAFOOD PRODUCTS, SCIENTIFIC RESEARCH, AND RENEWABLE ENERGY. WE ARE SERVING ENTREPRENEURS AND LOCAL STARTUPS, THROUGH WORKING WITH RAIN (REGIONAL ACCELERATOR AND INNOVATION NETWORK TO PROVIDE SUPPORT FOR THEM.Expenses $586,955 · grants $21,744
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
- 94-3206648
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $194,489
- Income (IRS master file)
- $156,760
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $156,760 | $654,707 | $194,489 | XML |
| 990 | June 2024 | $262,084 | $544,865 | $692,436 | IRS |
| 990 | June 2023 | $1,160,682 | $303,008 | $945,218 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | 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 94-3206648).
Questions about LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION is 94-3206648.
- Is LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names PAUL SCHUYTEMA.
- Who are the officers and directors of LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $156,760, expenses of $654,707 and total assets of $194,489 at year end.
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