Nonprofit · EIN 82-0456909
REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO
Also known as INITIATIVE 2000
Tax-exempt · IDAHO FALLS, ID 83402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $161,603 | $270,710 | -$109,107 | $155,192 | $2,603 | $152,589 |
| December 31, 2024 | 990 | $207,697 | $281,091 | -$73,394 | $264,870 | $3,174 | $261,696 |
| December 31, 2023 | 990 | $235,873 | $301,957 | -$66,084 | $339,208 | $4,118 | $335,090 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $129,899
- of which government grants
- $26,274
- Program service revenue
- $0
- Investment income
- $2,520
- Other revenue
- $29,184
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $135,000
- Other salaries and wages
- $43,830
- Salaries, compensation and benefits (total)
- $220,298
- Professional fundraising fees
- $0
- Occupancy
- $13,080
- Travel
- $10,641
- Depreciation
- $340
- Program services (functional)
- $270,710
Balance sheet and other
- Total assets, start of year
- $264,870
- Total assets, end of year
- $155,192
- Total liabilities, end of year
- $2,603
- Net assets, end of year
- $152,589
- Land, buildings and equipment
- $997
- Net assets without donor restrictions
- $152,589
- Gross receipts
- $161,603
- Employees
- 2
- Year formed
- 1993
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA MCKNIGHT | CEO Officer | 40 | $135,000 |
| R SCOTT REESE | CHAIR Trustee or director, Officer | 4 | $0 |
| DREW JENSEN | Director Trustee or director | 1 | $0 |
| BRETT COOK | Director Trustee or director | 1 | $0 |
| TERI TENGAIO | Sec/treas Trustee or director, Officer | 1 | $0 |
| CATHERINE ARIK | Director Trustee or director | 1 | $0 |
| ROBERT WAGNER | Director Trustee or director | 1 | $0 |
| MARTIN BLAIR | Director Trustee or director | 1 | $0 |
| MICHAEL WATSON | VICE CHAIR Trustee or director | 1 | $0 |
| MARC SKINNER | Director Trustee or director | 1 | $0 |
| KIM WESTERGARD | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA MCKNIGHT | CEO Officer | 40 | $135,000 |
| R SCOTT REESE | CHAIR Trustee or director, Officer | 4 | $0 |
| DREW JENSEN | Director Trustee or director | 1 | $0 |
| BRETT COOK | Director Trustee or director | 1 | $0 |
| TERI TENGAIO | Sec/treas Trustee or director, Officer | 1 | $0 |
| NYLE FULLMER | Director Trustee or director | 1 | $0 |
| ROBERT WAGNER | Director Trustee or director, Officer | 1 | $0 |
| MARTIN BLAIR | Director Trustee or director | 1 | $0 |
| MERRI JOHNSON | Director Trustee or director | 1 | $0 |
| SEAN LUANGRATH | Director Trustee or director | 1 | $0 |
| MICHAEL WATSON | VICE CHAIR Trustee or director | 1 | $0 |
| MARC SKINNER | Director Trustee or director | 1 | $0 |
| STACY PASCOE | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA MCKNIGHT | CEO Officer | 40 | $135,000 |
| R SCOTT REESE | CHAIR Trustee or director, Officer | 4 | $0 |
| MARK BAIR | Director Trustee or director | 4 | $0 |
| BRETT COOK | Director Trustee or director | 1 | $0 |
| TERI TENGAIO | Sec/treas Trustee or director, Officer | 1 | $0 |
| RICK AMAN | Director Trustee or director, Officer | 1 | $0 |
| KEVIN SATTERLEE | Director Trustee or director, Officer | 0 | $0 |
| MARTIN BLAIR | Director Trustee or director | 0 | $0 |
| MERRI JOHNSON | Director Trustee or director | 0 | $0 |
| SEAN LUANGRATH | Director Trustee or director | 1 | $0 |
| MICHAEL WATSON | VICE CHAIR Trustee or director | 1 | $0 |
| MARC SKINNER | Director Trustee or director, Officer | 0 | $0 |
| SEAN COLETTI | Director Trustee or director | 1 | $0 |
| JERRY MERRILL | Director Trustee or director | 1 | $0 |
| STACY PASCOE | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 901 PIER VIEW DR STE 204, IDAHO FALLS, ID 83402-5042
- Signed the 990
- R SCOTT REESE, CHAIR
- Phone
- (208) 522-2014
- Website
- WWW.REDICONNECTS.ORG
- Return prepared by
- OBRIEN TOMCHAK & CO CHTD
Mission
TO PROMOTE DIVERSIFICATION OF THE ECONOMY AND ENHANCEMENT OF THE QUALITY OF LIFE FOR THE RESIDENTS OF EASTERN IDAHO COMMUNITIES. PROMOTE PROGRAMS BY COORDINATING, SUPPORTING AND ACTING AS A CATALYST FOR COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES REGION-WIDE.
Program accomplishments
- TO PROMOTE DIVERSIFICATION OF THE ECONOMY AND ENHANCEMENT OF THE QUALITY OF LIFE FOR THE RESIDENTS OF EASTERN IDAHO COMMUNITIES. PROMOTE PROGRAMS BY COORDINATING, SUPPORTING AND ACTING AS A CATALYST FOR COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES REGION-WIDE.Expenses $270,710
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 | 990 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
- 82-0456909
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $155,192
- Income (IRS master file)
- $161,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $161,603 | $270,710 | $155,192 | IRS |
| 990 | December 2024 | $207,697 | $281,091 | $264,870 | IRS |
| 990 | December 2023 | $235,873 | $301,957 | $339,208 | XML |
| 990 | December 2022 | $347,110 | $316,736 | $390,821 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 82-0456909).
Questions about REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO
- What is the EIN of REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO?
- The employer identification number (EIN) of REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO is 82-0456909.
- Is REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO 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 REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $135,000 (TERESA MCKNIGHT, CEO).
- How much revenue does REGIONAL ECONOMIC DEVELOPMENT CORPORATION OFR EAST IDAHO have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $161,603, expenses of $270,710 and total assets of $155,192 at year end.
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