Nonprofit · EIN 93-0810393
STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY
Also known as SEDCOR
Tax-exempt · SALEM, OR 97301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,381,400 | $1,483,249 | -$101,849 | $841,789 | $80,277 | $761,512 |
| June 30, 2024 | 990 | $1,216,662 | $4,218,535 | -$3,001,873 | $1,002,692 | $139,331 | $863,361 |
| June 30, 2023 | 990 | $4,168,737 | $1,203,208 | $2,965,529 | $4,231,471 | $366,237 | $3,865,234 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $726,301
- of which government grants
- $559,960
- Membership dues
- $166,341
- Program service revenue
- $630,915
- Investment income
- $23,989
- Other revenue
- $195
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $181,999
- Other salaries and wages
- $376,106
- Salaries, compensation and benefits (total)
- $634,615
- Professional fundraising fees
- $0
- Legal fees
- $20,976
- Accounting fees
- $1,681
- Occupancy
- $62,502
- Travel
- $9,316
- Depreciation
- $152
- Program services (functional)
- $1,225,884
- Management and general (functional)
- $257,365
Balance sheet and other
- Total assets, start of year
- $1,002,692
- Total assets, end of year
- $841,789
- Total liabilities, end of year
- $80,277
- Net assets, end of year
- $761,512
- Land, buildings and equipment
- $222
- Net assets without donor restrictions
- $761,512
- Gross receipts
- $1,381,400
- Employees
- 5
- Volunteers
- 5
- Year formed
- 1982
- 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 | Other / benefits |
|---|---|---|---|---|
| ERIK ANDERSSON | PRESIDENT Officer | 40 | $159,940 | $17,945 |
| KATE SCHWARZLER | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RYAN ALBRITTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY MURPHY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| J MICHAEL KEANE | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| TONY SCHACHER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL FOWLER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| SCOTT SNYDER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| ERIK FRISK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| COLM WILLIS | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| MARIN ARREOLA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CURT ARTHUR | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RICARDO BAEZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ROXANNE BELTZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SANDI GORDON | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE HOY | DIRECTOR Trustee or director | 0.25 | $0 |
| DAVID BRIGGS | DIRECTOR Trustee or director | 0.25 | $0 |
| CURT HYLAND | DIRECTOR Trustee or director | 0.25 | $0 |
| CATHY CLARK | DIRECTOR Trustee or director | 0.25 | $0 |
| JACQUELINE CROSBY | DIRECTOR Trustee or director | 0.25 | $0 |
| BRENT DEHART | DIRECTOR Trustee or director | 0.25 | $0 |
| TONY EAQUINTO | DIRECTOR Trustee or director | 0.25 | $0 |
| JULI FOSCOLI | DIRECTOR Trustee or director | 0.25 | $0 |
| NATHAN GOOD | DIRECTOR Trustee or director | 0.25 | $0 |
| MATT STURZEN | DIRECTOR Trustee or director | 0.25 | $0 |
| JESSICA HOWARD | DIRECTOR Trustee or director | 0.25 | $0 |
| KENT KAUFMAN | DIRECTOR Trustee or director | 0.25 | $0 |
| JENNIFER LARSEN MORROW | DIRECTOR Trustee or director | 0.25 | $0 |
| RYAN MOSGROVE | DIRECTOR Trustee or director | 0.25 | $0 |
| KIM PARKER-LLERENAS | DIRECTOR Trustee or director | 0.25 | $0 |
| JAMES PARR | DIRECTOR Trustee or director | 0.25 | $0 |
| CRAIG POPE | DIRECTOR Trustee or director | 0.25 | $0 |
| RYAN RASMUSSEN | DIRECTOR Trustee or director | 0.25 | $0 |
| MARK RAUM | DIRECTOR Trustee or director | 0.25 | $0 |
| DAVID RHEINHOLDT | DIRECTOR Trustee or director | 0.25 | $0 |
| SAMANTHA RIDDERBUSCH | DIRECTOR Trustee or director | 0.25 | $0 |
| SCOTT SALAZAR | DIRECTOR Trustee or director | 0.25 | $0 |
| LIZ SCHAECHER | DIRECTOR Trustee or director | 0.25 | $0 |
| ZACHARY SIELICKY | DIRECTOR Trustee or director | 0.25 | $0 |
| RENATA WAKELEY | DIRECTOR Trustee or director | 0.25 | $0 |
| CYRUS WARD | DIRECTOR Trustee or director | 0.25 | $0 |
| RICH DUNCAN | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 |
| MARK HOYT | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 |
| DARYL KNOX | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIK ANDERSSON | PRESIDENT Officer | 40 | $149,750 | $16,862 |
| KATE SCHWARZLER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RYAN ALBRITTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY MURPHY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| J MICHAEL KEANE | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| TONY SCHACHER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| MICHAEL FOWLER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| SCOTT SNYDER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| KEITH STAHLEY | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| COLM WILLIS | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| MARIN ARREOLA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CURT ARTHUR | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RICARDO BAEZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ROXANNE BELTZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| BECKY BERGER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ALAN BLOOD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID BRIGGS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CURT HYLAND | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CATHY CLARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JACQUELINE CROSBY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| BRENT DEHART | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| TONY EAQUINTO | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| STEVE ELZINGA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JULI FOSCOLI | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| NATHAN GOOD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| STEVE HORNING | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JESSICA HOWARD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHRIS HOY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| KENT KAUFMAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JENNIFER LARSEN MORROW | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RYAN MOSGROVE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| KIM PARKER-LLERENAS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JAMES PARR | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CRAIG POPE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RYAN RASMUSSEN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MARK RAUM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID RHEINHOLDT | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SAMANTHA RIDDERBUSCH | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SCOTT SALAZAR | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LIZ SCHAECHER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ZACHARY SIELICKY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RENATA WAKELEY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CYRUS WARD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| PATRICIA CALLIHAN BOWMAN | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
| RICH DUNCAN | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
| MARK HOYT | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
| DARYL KNOX | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2023: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIK ANDERSSON | PRESIDENT Officer | 40 | $142,500 | $12,097 |
| KATE SCHWARZLER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RYAN ALBRITTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY MURPHY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| J MICHAEL KEANE | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| TONY SCHACHER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| MICHAEL FOWLER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| SCOTT SNYDER | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| KEITH STAHLEY | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| COLM WILLIS | EXECUTIVE COUNCIL - DIRECT Trustee or director | 1 | $0 | $0 |
| MARIN ARREOLA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CURT ARTHUR | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RICARDO BAEZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ROXANNE BELTZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| BECKY BERGER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ALAN BLOOD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID BRIGGS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CURT HYLAND | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CATHY CLARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JACQUELINE CROSBY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| BRENT DEHART | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| TONY EAQUINTO | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| STEVE ELZINGA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JULI FOSCOLI | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| NATHAN GOOD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| STEVE HORNING | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JESSICA HOWARD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHRIS HOY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| KENT KAUFMAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JENNIFER LARSEN MORROW | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RYAN MOSGROVE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| KIM PARKER-LLERENAS | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JAMES PARR | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CRAIG POPE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RYAN RASMUSSEN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MARK RAUM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID RHEINHOLDT | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SAMANTHA RIDDERBUSCH | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SCOTT SALAZAR | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LIZ SCHAECHER | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ZACHARY SIELICKY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RENATA WAKELEY | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CYRUS WARD | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| PATRICIA CALLIHAN BOWMAN | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
| RICH DUNCAN | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
| MARK HOYT | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
| DARYL KNOX | EMERITUS COMMITTEE Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 626 HIGH ST NE STE 200, SALEM, OR 97301-2513
- Principal officer (990 for 2024)
- TONY SCHACHER, 626 HIGH STREET NE 200, SALEM, OR 97301
- Signed the 990
- RYAN ALBRITTON, CHAIR
- Phone
- (503) 588-6225
- Website
- WWW.SEDCOR.COM
- Return prepared by
- ANTHEM STRATEGISTS PC
Mission
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. SEDCOR'S 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. SEDCOR'S 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
Program accomplishments
- THE PRIMARY OBJECTIVE OF THE ORGANIZATION IS TO ENHANCE AND DIVERSIFY THE MID-WILLAMETTE VALLEY ECONOMY BY PROVIDING RECRUITMENT, RETENTION, AND OTHER SERVICES TO BUSINESSES AND MUNICIPALITIES IN THE REGION. DURING THE YEAR SEVERAL LARGE AND SMALL EVENTS WERE ORGANIZED AND ATTENDED BY MORE THAN 2,000 PEOPLE. THESE EVENTS PROVIDED OPPORTUNITIES TO MEET, LEARN AND NETWORK WITH SEDCOR MEMBERS AND BUSINESS COMMUNITY LEADERS.Expenses $1,225,884 · revenue $631,110
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
- 93-0810393
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $841,789
- Income (IRS master file)
- $1,381,400
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,381,400 | $1,483,249 | $841,789 | IRS |
| 990 | June 2024 | $1,216,662 | $4,218,535 | $1,002,692 | XML |
| 990 | June 2023 | $4,168,737 | $1,203,208 | $4,231,471 | XML |
| 990 | June 2022 | $1,197,091 | $1,072,799 | $899,705 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 93-0810393).
Questions about STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY
- What is the EIN of STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY?
- The employer identification number (EIN) of STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY is 93-0810393.
- Is STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
- Are donations to STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY 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 STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY 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 STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY 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 STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY?
- The 990 for the year ended June 30, 2025 names TONY SCHACHER.
- Who are the officers and directors of STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY?
- The 990 for the year ended June 30, 2025 lists 44 people; 1 received compensation from the organization, the highest $159,940 (ERIK ANDERSSON, PRESIDENT).
- How much revenue does STRATEGIC ECONOMIC DEVELOPMENT CORP OF TH MID-WILLAMETTE VALLEY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,381,400, expenses of $1,483,249 and total assets of $841,789 at year end.
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