NonprofitsLincoln County Economic Development Corporation

Lincoln County Economic Development Corporation

NEWPORT, OR

Total revenue

$262K

Total expenses

$545K

Net assets

$692K

Grants received

$95K

1 grants

EIN

943206648

Tax year

2023

Mission

To deliver economic development services to facilitate creation, growth and retention of lincoln county businesses.

Programs

3 programs

Community and economic development grant review: the board of directors serves as the review committee for the lincoln county community and economic development grant fund. The alliance board reports to the board of commissioners and delivers its recommendations. The criteria are updated and refined periodically and executive director caroline bauman holds train ing seminars for grant applicants to assist in their success.

Source of information to the public: we provide information to prospective business owners, current owners/managers, and the public on the business climate. We maintain a list of develop able properties and assist in marketing as needed.

4.yaquina bay ocean observing initiative: we support an economic development strategy to make newport a hub for all ocean related science and technology in the pacific northwest. There is now increasing scientific and economic activity in our region. In addition to the marine studies cam pus soon to be underway, ocean observing, marine education, and boat building continue to be strengths. 5.enterprise zone management: we provide information for qualifying companies (certain industries) to take advantage of this tax incentive offered by the state of oregon. Qualified applications are submitted and reviewed locally. 6.active partnerships: the edalc is an active partner with chambers, small business development, and the yaquina bay economic foundation. With usda support, we are focusing on marine related industry in our county to create an industry cluster of supportive economic activity for seafood products, scientific research, and renewable energy. We are serving entrepreneurs and local startups, through working with rain (regional accelerator and innovation network to provide support for them.

Expenses: $494KGrants: $112K

Financials

FY 2023

Revenue

Contributions & grants$245K
Program service revenue$16K
Investment income$226
Other revenue
Total revenue$262K

Expenses

Grants paid$112K
Salaries & benefits$215K
Fundraising
Other expenses$218K
Total expenses$545K
Total assets$692K
Net assets$692K

People

13 listed

NameRoleCompensation

TRACY ANTHONY BAILEY

BOARD MEMBER

Board

1 hrs/wk

ROBERT COWEN

PRESIDENT

Board

1 hrs/wk

BRYAN FITZSIMMONS

BOARD MEMBER

Board

1 hrs/wk

DOUG HOLBROOK

BOARD MEMBER

Board

1 hrs/wk

JASON HOLLAND

BOARD MEMBER

Board

1 hrs/wk

KAETY JACOBSON

EX OFFICIO

Board

1 hrs/wk

CARRIE LEWIS

VICE PRESIDE

Board

1 hrs/wk

LESLEY OGDEN

SECRETARY

Board

1 hrs/wk

GREGORY PRICE

BOARD MEMBER

Board

1 hrs/wk

LINDA ROY

BOARD MEMBER

Board

1 hrs/wk

BIRGITTE RYSLINGE

PAST PRESIDE

Board

1 hrs/wk

MICHAEL SMITH

TREASURER

Board

1 hrs/wk

DR MAJALISE TOLAN

DIRECTOR AT

Board

1 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$95K
Lincoln County Community Connector
2024

Funded by

$95K from 1 funder · 1 grant · 2024

The Ford Family Foundation

$95K · 1 grant · 2024

Details

EIN943206648
Subsection06
Ruling date1995-02
Formed1995
Employees4
LINCOLN COUNTY ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo