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STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY

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Public IRS 990 nonprofit record

STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY

EIN 93-0810393 · Homeowners & Tenants Associations (L50)

What they do

SEDCOR (STRATEGIC ECONOMIC DEVELOPMENT CORPORATION) is A NONPROFIT ORGANIZATION WORKING WITH PRIVATE and PUBLIC PARTNERS to ENHANCE and DIVERSIFY THE MID-WILLAMETTE VALLEY ECONOMY. SINCE 1982, SEDCOR HAS BUILT and STRENGTHENED POSITIVE and PRODUCTIVE PARTNERSHIPS WITH INDUSTRY LEADERS, NONPROFITS, BUSINESS ADVOCACY GROUPS, COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, STATE and FEDERAL AGENCIES, LOCAL GOVERNMENTS, and MORE. SEDCORS DRIVE to GROW and SHOWCASE ECONOMIC DEVELOPMENT IN MARION, POLK and YAMHILL COUNTIES is WITH A SINGULAR FOCUS: BRING TRADED SECTOR JOBS and WEALTH to THE LOCAL ECONOMY. SEDCORS MISSION is OPPORTUNITY and IT is BUILT ON THE FOUNDING VALUES TO: LISTEN FIRST; THINK OUTSIDE THE BOX; ACT WITH AGILITY; and BUILD to LAST. THIS is DONE BY THOUGHTFULLY CULTIVATING RELATIONSHIPS and COLLABORATING WITH PARTNERS ACROSS SECTORS to RETAIN and ATTRACT HIGH VALUE JOBS and CAPITAL INVESTMENT, WHILE PROVIDING MEMBER SERVICES THAT SUPPORT BUSINESS SUCCESS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $82.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders44 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.74%of revenue went to mission work82.6% of expenses · Program services
$107.37spent for every $100 of revenueSpending was higher than revenue this year.
18.63%of revenue went to management and office costs17.4% of expenses
$0.57in assets for every $1 spent this yearSome assets cannot be spent right away.
52.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $101,849 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $177,885 for ERIK ANDERSSON (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,381,400
Mission workProgram services$1,225,88488.74% of revenue82.6% of expenses
ManagementOffice and general costs$257,36518.63% of revenue17.4% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$1,483,249107.37% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 82.6% mission · 17.4% management · 0.0% fundraisingTotal expenses: 107.37% of revenue
2023Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 346.73% of revenue
2022Expense mix: 77.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 28.86% of revenue

Money in and money out

Revenue$1,381,400
Expenses$1,483,249
Annual shortfall $101,849 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,225,884 · 82.6% of expenses
Management and office costs$257,365 · 17.4% of expenses
See all reported dollar amounts
Revenue$1,381,400
Expenses$1,483,249
Assets$841,789
Income$1,381,400
Contributions$726,301
Mission work (program services)$1,225,884
Management and general$257,365
Accounting fees$1,681
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ERIK ANDERSSONPRESIDENT · 40 hrs/week $177,885Base $159,940 · Other $17,945

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (44)

ERIK ANDERSSONPRESIDENT

RYAN MOSGROVEDIRECTOR

MARIN ARREOLADIRECTOR

MARK HOYTEMERITUS COMMITTEE

MARK RAUMDIRECTOR

MATT STURZENDIRECTOR

MICHAEL FOWLEREXECUTIVE COUNCIL - DIRECT

NATHAN GOODDIRECTOR

RENATA WAKELEYDIRECTOR

RICARDO BAEZDIRECTOR

RICH DUNCANEMERITUS COMMITTEE

ROXANNE BELTZDIRECTOR

RYAN ALBRITTONCHAIR

LIZ SCHAECHERDIRECTOR

RYAN RASMUSSENDIRECTOR

SAMANTHA RIDDERBUSCHDIRECTOR

SANDI GORDONDIRECTOR

SCOTT SALAZARDIRECTOR

SCOTT SNYDEREXECUTIVE COUNCIL - DIRECT

TIMOTHY MURPHYTREASURER

TONY EAQUINTODIRECTOR

TONY SCHACHERVICE CHAIR

ZACHARY SIELICKYDIRECTOR

J MICHAEL KEANEEXECUTIVE COUNCIL - DIRECT

CATHY CLARKDIRECTOR

COLM WILLISEXECUTIVE COUNCIL - DIRECT

CRAIG POPEDIRECTOR

CURT ARTHURDIRECTOR

CURT HYLANDDIRECTOR

CYRUS WARDDIRECTOR

DARYL KNOXEMERITUS COMMITTEE

DAVID BRIGGSDIRECTOR

DAVID RHEINHOLDTDIRECTOR

ERIK FRISKDIRECTOR

BRENT DEHARTDIRECTOR

JACQUELINE CROSBYDIRECTOR

JAMES PARRDIRECTOR

JENNIFER LARSEN MORROWDIRECTOR

JESSICA HOWARDDIRECTOR

JULI FOSCOLIDIRECTOR

JULIE HOYDIRECTOR

KATE SCHWARZLERIMMEDIATE PAST CHAIR

KENT KAUFMANDIRECTOR

KIM PARKER-LLERENASDIRECTOR

About this charity

Recognized since
January 1998
Location
626 HIGH ST NE STE 200, SALEM, OR 97301-2513
County
Marion
In care of
RYAN ALBRITTON
Primary officer
RYAN ALBRITTON, CHAIR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
ANTHEM STRATEGISTS PC
NTEE classification
Homeowners & Tenants Associations (L50)
IRS tax category
Homeowners & Tenants Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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