Pueblo Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840857804 ✦ Pueblo, CO ✦ Designated as a 501(c)(6)

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Overview

What is Pueblo Economic Development Corporation?

The Pueblo Economic Development Corporation, located at 301 North Main Street in Pueblo, Colorado, serves as a crucial catalyst for job growth within the community. Funded primarily by the city's 1/2 cent sales tax fund, this nonprofit organization's mission is to draw in, maintain, and expand primary job opportunities for the Pueblo population. To achieve this goal, they rely on grants from various sources, including the city itself, Pueblo County, and membership dues. The corporation's activities are centered around attracting, retaining, and expanding primary jobs for the betterment of the Pueblo community.


Official website here: www.pedco.org

Is Pueblo Economic Development Corporation legitimate?

Pueblo Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pueblo Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $144,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,226

For more financial information, click here


Official website here: www.pedco.org

What is the mission statement of Pueblo Economic Development Corporation?

The Pueblo Economic Development Corporation's mission is centered around attracting, retaining, and expanding primary job opportunities within a specific community. This organization plays a crucial role in assisting the local city in securing new primary job positions, with the necessary facilities funded by the city's 1/2 cent sales tax fund. The recruitment of these primary jobs is further supported by grants from various sources, including the city itself, the county, and contributions from its member dues.


Official website here: www.pedco.org

Who is the CEO of Pueblo Economic Development Corporation?

Jeff Shaw is the President of Pueblo Economic Development Corporation.


Official website here: www.pedco.org

What is the revenue of Pueblo Economic Development Corporation?

Pueblo Economic Development Corporation's revenue in 2022 was $1,002,112.


Official website here: www.pedco.org

Who are the executives of Pueblo Economic Development Corporation and what are their salaries?

The average compensation at Pueblo Economic Development Corporation during 2022 was $89,329. There are 5 employees and 16 volunteers at Pueblo Economic Development Corporation.


Here are 16 key members and their salaries:


Jeff Shaw (President)
  • Compensation: $144,417
  • Related: $0
  • Other: $0
Ashley Valdez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominic Gallina (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Rob (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Florian Oppenrieder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Leach (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Drury (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Welte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Lang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Trainor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Graham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Constance Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Flores (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Wiseman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sabina Genesio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pedco.org

Where can I find the form 990 for Pueblo Economic Development Corporation?

Pueblo Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pedco.org

Learn more at the official website: www.pedco.org

Mission Statement of Pueblo Economic Development Corporation

The Pueblo Economic Development Corporation, abbreviated as PEDC, is dedicated to a mission aimed at benefiting the Pueblo community. Its primary goal is to draw in, preserve, and expand primary job opportunities within the area. To accomplish this, PEDC relies on various funding sources, including the city's 1/2 cent sales tax fund, grants from the City of Pueblo and Pueblo County, and membership dues. The organization's main objective is to assist the city of Pueblo in finding new primary employment opportunities, thereby contributing to the community's economic growth and development.

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Impact




October, 2024

The Pueblo Economic Development Corporation (PEDCO) plays a crucial role in enhancing the job market and overall economic landscape of Pueblo, Colorado. Its primary mission is to attract, retain, and expand primary jobs within the community, significantly contributing to local employment opportunities.

By assisting the City of Pueblo in locating new primary jobs, PEDCO helps to ensure a steady influx of employment opportunities that stimulate economic growth. The facilities for these new jobs are funded through the city’s 1/2 cent sales tax, showcasing a strong partnership between PEDCO and local government to drive community improvement.

Furthermore, the recruitment of these primary jobs is bolstered by grants from both the City of Pueblo and Pueblo County, as well as contributions from members’ dues. This multi-faceted funding structure reflects a collaborative commitment to economic development, ensuring that the community can consistently attract new industries and employers.

Overall, PEDCO's efforts are instrumental in fostering a thriving economic environment, creating sustainable job opportunities, and enhancing the quality of life for residents in Pueblo.




This information is meant to be a general summary of Pueblo Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,002,112 (2022)
Expenses
$1,054,025 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $571
  • Program Service Revenue: $299,815
  • Gross Receipts: $1,002,112

Assets and Liabilities:

  • Total Assets: $543,851
  • Total Liabilities: $469,702
  • Net Assets: $74,149

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

COMMUNITY RELATIONS

Revenue

$67,907

FACILITIES MGT

Revenue

$57,000

RENTAL- BUSINESS INCUBATO

Revenue

$174,908

Organization Details

Founding Year

1981

Principal Officer

Jeff Shaw

Main Address

301 North Main Street 200, Pueblo, CO, 81003

NTEE Category

Code: S30 - Community improvement

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