Nonprofit · EIN 81-0641530
LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SALMON, ID 83467
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $595,996 | $549,948 | $46,048 | $516,530 | $20,689 | $495,841 |
| December 31, 2023 | 990 | $493,886 | $498,752 | -$4,866 | $470,329 | $20,536 | $449,793 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $242,660
- of which government grants
- $239,625
- Membership dues
- $3,035
- Program service revenue
- $352,797
- Investment income
- $539
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $234,698
- Salaries, compensation and benefits (total)
- $265,803
- Professional fundraising fees
- $0
- Legal fees
- $46,276
- Accounting fees
- $1,943
- Occupancy
- $103,764
- Travel
- $10,354
- Program services (functional)
- $549,948
Balance sheet and other
- Total assets, start of year
- $470,329
- Total assets, end of year
- $516,530
- Total liabilities, end of year
- $20,689
- Net assets, end of year
- $495,841
- Land, buildings and equipment
- $133,017
- Gross receipts
- $595,996
- Employees
- 8
- Year formed
- 1979
- State of legal domicile
- ID
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 |
|---|---|---|---|
| TAMMY L STRINGHAM | EXEC DIRECTOR Key employee | 40 | $48,134 |
| LEO MARSHALL | DIRECTOR Trustee or director | 1 | $0 |
| TODD NELSON | DIRECTOR Trustee or director | 1 | $0 |
| RICK CARLSON | DIRECTOR Trustee or director | 0 | $0 |
| DAN TELFORD | DIRECTOR Trustee or director | 0 | $0 |
| ESTHER ENGLAND | CHAIRMAN Officer | 1 | $0 |
| JOE PROKSCH | SECRETARYTREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAMMY L STRINGHAM | EXEC DIRECTOR Key employee | 40 | $49,921 |
| LEO MARSHALL | DIRECTOR Trustee or director | 1 | $0 |
| LEAH MADSEN | DIRECTOR Trustee or director | 1 | $0 |
| FRED WAIDLEY | CHAIRMAN Officer | 1 | $0 |
| ESTHER ENGLAND | VICE CHAIRMAN Officer | 1 | $0 |
| JOE PROKSCH | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 803 MONROE ST, SALMON, ID 83467-5036
- In care of
- % JOE PROKSCH
- Signed the 990
- JOE PROKSCH, SECRETARYTREASURER
- Phone
- (208) 756-1505
- Return prepared by
- Fred Payne CPA
Mission
ECONOMIC DEVELOPMENT TO FOSTER NEW, PLUS RETAIN AND EXPAND EXISTING, BUSINESSES THUS ENHANCING WELL-BEING AND QUALITY OF LIFE FOR AREA RESIDENTS INCLUDING RESEARCH, GUIDANCE AND PROGRAMS FOR ECONOMIC GROWTH.
Program accomplishments
- ECONOMIC DEVELOPMENT - BUSINESS STARTUP, INCUBATION, TECHNICAL ASSISTANCE, MANAGEMENT SKILLS SUPPORTING A DIVERSE AND SUSTAINABLE ECONOMY.Expenses $326,036 · revenue $352,797
- COMMUNITY DEVELOPMENT - INFRASTRUCTURE IMPROVEMENT INCLUDING TRANSPORTATION, BROADBAND, AND TOURISM. AREA NON-PROFIT FACILITATION AND COORDINATION.Expenses $223,912 · revenue $242,660
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
- 81-0641530
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32)
- Assets (IRS master file)
- $516,530
- Income (IRS master file)
- $595,996
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $595,996 | $549,948 | $516,530 | IRS |
| 990 | December 2023 | $493,886 | $498,752 | $470,329 | XML |
| 990 | December 2022 | $549,157 | $486,546 | $475,959 | 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 81-0641530).
Questions about LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION is 81-0641530.
- Is LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEMHI 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 LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $48,134 (TAMMY L STRINGHAM, EXEC DIRECTOR).
- How much revenue does LEMHI COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $595,996, expenses of $549,948 and total assets of $516,530 at year end.
Other nonprofits in SALMON
- SALMON RIVER OUTFITTERS ASSOCIATION INC EIN 81-2068952 · last filed 990-N for 2025
- FERN-WATERS PUBLIC CHARTER SCHOOL INCORPORATED EIN 82-4261500 · last filed 990 for 2025
- YOUTH EMPLOYMENT PROGRAM INC EIN 82-0483392 · last filed 990 for 2024
- SALMON PUBLIC SCHOOL FOUNDATION INC EIN 94-3112559 · last filed 990 for 2025
- SALMON HOCKEY ASSOCIATION INC EIN 31-1681564 · last filed 990 for 2024
- LEMHI COUNTY CRISIS INTERVENTION INC EIN 82-0525857 · last filed 990 for 2026
- SALMON VALLEY STEWARDSHIP EIN 20-3724466 · last filed 990 for 2024
- LEMHI COUNTY HUMANE SOCIETY INC EIN 82-0327764 · last filed 990 for 2024
All nonprofits in SALMON · Idaho · Community improvement and capacity building