Clearwater Economic Development Assoc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820288410 ✦ Lewiston, ID ✦ Designated as a 501(c)(3)

Overview

What is Clearwater Economic Development Assoc?

Clearwater Economic Development Assoc, established as a non-profit organization, serves as a bridge between North Central Idaho businesses and communities. Their primary role is to channel necessary resources to enhance local development, acting as a conduit for these much-needed assets. With a collective voice for the region, Clearwater Economic Development Association (CEDA) leads and guides in community development, fostering economic diversity, and ultimately, creating prosperity. During the fiscal year, CEDA administered $84,523 in state and government grants and contracts to regional agencies, furthering their economic goals. Additionally, they granted 8 new loans worth $952,487 to small businesses, aiding in job creation and diversification. CEDA's Small Business Program managed 41 outstanding loans with a total value of $3.2 million at the end of the fiscal year. Overall, CEDA's mission is to empower North Central Idaho businesses and communities, fostering growth and prosperity.


Official website here: www.clearwater-eda.org

Is Clearwater Economic Development Assoc legitimate?

Clearwater Economic Development Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clearwater Economic Development Assoc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $87,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $379,687

For more financial information, click here


Official website here: www.clearwater-eda.org

What is the mission statement of Clearwater Economic Development Assoc?

The Clearwater Economic Development Association (CEDA) is a non-profit organization with a mission to assist businesses and communities in North Central Idaho. Acting as a conduit for necessary resources, CEDA serves as the collective voice for the region, providing leadership and guidance in developing communities, diversifying the economy, and fostering prosperity. CEDA's activities involve offering community planning and development services, distributing state and government grants and contracts to regional agencies with similar economic purposes, and granting loans to small businesses to promote diversification and alleviate unemployment. The association's small business program also manages outstanding loans to support local businesses.


Official website here: www.clearwater-eda.org

What is the revenue of Clearwater Economic Development Assoc?

Clearwater Economic Development Assoc's revenue in 2022 was $2,648,278.


Official website here: www.clearwater-eda.org

Who are the executives of Clearwater Economic Development Assoc and what are their salaries?

The average compensation at Clearwater Economic Development Assoc during 2022 was $11,680. There are 40 employees at Clearwater Economic Development Assoc.

Here are 3 key members and their salaries:

    Dodd Snodgrass (Executive Direc)
  • Compensation: $83,353
  • Related: $0
  • Other: $4,168

    • Cari Miller (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathie Lafortune (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.clearwater-eda.org

    Where can I find the form 990 for Clearwater Economic Development Assoc?

    The Clearwater Economic Development Assoc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.clearwater-eda.org

    Learn more at the official website: www.clearwater-eda.org

    Mission Statement of Clearwater Economic Development Assoc

    Clearwater Economic Development Association (CEDA) is a non-profit organization established with a mission to aid businesses and communities in North Central Idaho. Serving as the collective voice for the region, CEDA provides leadership and guidance in developing communities, diversifying the economy, and fostering prosperity. The organization's role is to act as a conduit for needed resources, working towards the betterment of North Central Idaho businesses and communities. By offering guidance and leadership, CEDA aims to shape the region's future and improve its economic outlook.

    Impact

    This information is meant to be a general summary of Clearwater Economic Development Assoc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Clearwater Economic Development Assoc's impact includes providing leadership and guidance in developing communities, diversifying the economy, and creating prosperity in North Central Idaho. They have facilitated community planning and development services for numerous organizational members and have distributed grants and contracts to agencies in the region for economic development purposes. Additionally, they have granted loans to small businesses in order to promote diversification and alleviate unemployment in the region. Overall, CEDA plays a crucial role in supporting businesses and communities to thrive and prosper in North Central Idaho.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,159,172
  • Program Service Revenue: $365,045
  • Gross Receipts: $3,489,803

    • Assets and Liabilities:
  • Total Assets: $7,859,302
  • Total Liabilities: $1,737,702
  • Net Assets: $6,121,600
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LEASE INCOME - CGMT BLDG

    Revenue

    $17,712

    LEASE INCOME - LC FIRE

    Revenue

    $41,264

    LEASE INCOME - RCGB BLDG

    Revenue

    $122,765

    LOAN FEES AND INTEREST

    Revenue

    $183,304

    Organization Details

    Founding Year

    1967

    Main Address

    1626 6TH AVENUE N, LEWISTON, ID, 83501

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Clearwater Economic Development Assoc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.