Form990EZ
Click to see attachment
Department of the Treasury
Internal Revenue Service
Short Form
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
bullet Do not enter social security numbers on this form as it may be made public.


bullet Go to www.irs.gov/Form990EZ for instructions and the latest information.
OMB No. 1545-1150
2018
Open to Public
Inspection
A
For the 2018 calendar year, or tax year beginning 01-01-2018, and ending 12-31-2018
B
Check if applicable:
C Name of organization
BONNER COUNTY ECONOMIC DEVELOPMENT
CORP
Number and street (or P. O. box, if mail is not delivered to street address)231 NORTH 3RD AVE STE 107
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code SANDPOINT, ID83864
D Employer identification number

82-0526763
E Telephone number

(208) 265-6402
F Group Exemption
Numberbullet  
G Accounting Method: Other (specify) bulletMOD ACCRUALH Check bulletI Website:bulletBONNERCOUNTYEDC.COMJ Tax-exempt status (check only one) - ( 6) bullet (insert no.) or
K Form of organization:  
L Add lines 5b, 6c, and 7b to line 9 to determine gross receipts. If gross receipts are $200,000 or more, or if total assets (Part II, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-EZ ...........................bullet $ 131,000
Part Ⅰ
Revenue, Expenses, and Changes in Net Assets or Fund Balances (see the instructions for Part I) Check if the organization used Schedule O to respond to any question in this Part I.....................
VerticalRevenue 1 Contributions, gifts, grants, and similar amounts received .................... 1 80,500
2 Program service revenue including government fees and contracts ............... 2  
3 Membership dues and assessments ........................... 3 50,500
4 Investment income ........................... 4  
5a Gross amount from sale of assets other than inventory ..... 5a  
b Less: cost or other basis and sales expenses ....... 5b  
c Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ...... 5c  
6 Gaming and fundraising events
a Gross income from gaming (attach Schedule G if greater than $15,000) 6a  
b Gross income from fundraising events (not including $   of contributions from fundraising events reported on line 1) (attach Schedule G if the sum of such gross income and contributions exceeds $15,000) ..6b  
c Less: direct expenses from gaming and fundraising events ... 6c  
d Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c) 6d  
7a Gross sales of inventory, less returns and allowances ...... 7a  
b Less: cost of goods sold ............. 7b  
c Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) ......... 7c  
8 Other revenue (describe in Schedule O) .......... 8  
9 Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 .............. Bullet 9 131,000
VerticalExpenses 10 Grants and similar amounts paid (list in Schedule O) ............ 10  
11 Benefits paid to or for members ................ 11  
12 Salaries, other compensation, and employee benefits ................ 12 49,850
13 Professional fees and other payments to independent contractors ............ 13 3,082
14 Occupancy, rent, utilities, and maintenance ................... 14 4,336
15 Printing, publications, postage, and shipping .............. 15 1,533
16 Other expenses (describe in Schedule O) .............. 16 94,690
17 Total expenses. Add lines 10 through 16 .............. Bullet 17 153,491
VerticalNetAssets 18 Excess or (deficit) for the year (Subtract line 17 from line 9) ............ 18 -22,491
19 Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
end-of-year figure reported on prior year’s return) ............ 19 38,407
20 Other changes in net assets or fund balances (explain in Schedule O) .......... 20  
21 Net assets or fund balances at end of year. Combine lines 18 through 20 ....... 21 15,916
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 10642I Form 990-EZ (2018)
Form 990-EZ (2018)
Page 2
Part ⅡBalance Sheets (see the instructions for Part II)Check if the organization used Schedule O to respond to any question in this Part II.................

(A) Beginning of year(B) End of year
22Cash, savings, and investments................
38,268
22
16,645
23Land and buildings....................
 
23
 
24Other assets (describe in Schedule O) ..........
2,345
24
1,763
25Total assets......................
40,613
25
18,408
26
Total liabilities (describe in Schedule O) .............
2,206
26
2,492
27Net assets or fund balances (line 27 of column (B) must agree with line 21)
38,407
27
15,916
Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . . Expenses
(Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? THE MISSION OF THE ORGANIZATION IS TO NURTURE, EXPAND, AND DIVERSIFY THE COUNTY'S ECONOMIC BASE BY ATTRACTING COMPATIBLE NEW BUSINESSES, WORKING WITH EXISTING BUSINESSES AND IMPROVING THE COUNTY'S COMMERCIAL AND RETAIL BASE. THIS WILL RESULT IN A WIDER RANGE OF EMPLOYMENT AND INCOME OPPORTUNITIES, AND BETTER EDUCATION AND QUALITY OF LIFE FOR COUNTY RESIDENTS.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 IN 2018, BONNER COUNTY ECONOMIC DEVELOPMENT CORPORATION ACCOMPLISHED THE FOLLOWING: WE EXECUTED OUR 4TH ANNUAL "WHAT'S HAPPENING UP NORTH" ECONOMIC SUMMIT FEATURING THE TOPIC "HOUSING & LABOR". OUR ATTENDANCE INCLUDED OVER 140 LOCAL AND REGIONAL BUSINESS AND PUBLIC OFFICIALS. FIBER NETWORK AFTER IDENTIFYING ACCESS TO HIGH-SPEED INTERNET AS THE NUMBER ONE BARRIER TO BUSINESS GROWTH AND RETENTION IN BONNER COUNTY, SANDPOINT IS HOME TO TWO MAJOR FIBER PROVIDERS, TING AND FATBEAM. TING IS OPERATIONAL IN PHASE I NEIGHBORHOODS IN SANDPOINT AND CONTINUES EXPANSION INTO SOUTH SANDPOINT AS PART OF THEIR SECOND PHASE. FATBEAM IS UNDER-DEVELOPMENT. ESTABLISHMENT OF OPPORTUNITY ZONE FOR DOWNTOWN SANDPOINT LEAD ENTIRELY BY THE BCEDC, OUR ORIGINAL HOPES WERE TO CONFIRM TWO OF OUR THREE QUALIFYING ZIP CODES AS OPPORTUNITY ZONES, TARGETING DOWNTOWN PRIEST RIVER, HOPE, AND DOWNTOWN SANDPOINT. IN THE END, IT WAS ONLY SANDPOINT DOWNTOWN THAT WAS ACCEPTED. BUSINESS RETENTION/EXPANSION 63-602NN AFTER THE ESTABLISHMENT OF PROPERTY TAX EXEMPTIONS AND LOWERING THE CAPITAL LIMIT TO 500,000 THRESHOLD, THE BCEDC IS WORKING DIRECTLY WITH THE COUNTY AND THEIR ATTORNEY TO NAVIGATE APPLICATIONS AND THEIR PROGRESS. COMPANIES NOW UNDER 63-602NN INCLUDE LITEHOUSE, QUEST, MOUNTAIN METALS, TAMARACK, CRYPTOROCK AND PAPE MACHINERY. CURRENT APPLICANTS UNDER REVIEW WILL BE GIVEN AN UPDATE BY THE COUNTY ATTORNEY IN EARLY 2019. NEWLY INTERESTED APPLICANTS INCLUDE IDAGON AMONG OTHERS. DIEDRICH ROASTERS DIEDRICH ROASTERS BEGAN A TWO-PHASE EXPANSION INTO A BRAND NEW, STATE OF THE ART FACILITY IN PONDERAY, ID. DIEDRICH COMPLETED PHASE I IN EARLY 2018 AND HAS BEGUN PHASE II AS OF Q3 2018. THEY PLAN TO MOVE ALL OPERATIONS UNDER THE NEW BUILDING BY JUNE 2019. LITEHOUSE FOODS THIS FALL, THE SANDPOINT-BASED COMPANY MADE FAMOUS FOR ITS SALAD DRESSINGS AND DIPS CUT THE RIBBON ON A 175,000 SQUARE FOOT EXPANSION OF ITS PRODUCTION FACILITY IN UTAH. THE GROWTH FOLLOWS SIMILAR PRODUCTION EXPANSIONS AT LITEHOUSE'S SANDPOINT AND MICHIGAN LOCATIONS, TOO. IN SANDPOINT, A 6.2 MILLION EXPANSION IN FEBRUARY OF 2018 UNDERSCORES LITEHOUSE'S COMMITMENT TO AND INVESTMENT IN THE SANDPOINT COMMUNITY AND BONNER COUNTY. THE 26,000-SQUARE-FOOT EXPANSION INCLUDES A NEW COOLER, SHIPPING AND RECEIVING CENTER, LOADING DOCKS, UPDATED EMPLOYEE BREAK ROOMS AND FACILITIES, AND A 4,000-SQUARE-FOOT WASTEWATER TREATMENT FACILITY. THE NEW COOLER ADDS ROUGHLY 1,350 NEW REFRIGERATED PALLET LOCATIONS AS WELL AS APPROXIMATELY 150 FREEZER PALLET LOCATIONS. TAMARACK AEROSPACE IN 2018, TAMARACK RELOCATED TO A NEW HANGER LOCATION AT THE SANDPOINT AIRPORT. CAPITAL EXPENDITURES THE SANDPOINT DOWNTOWN REVITALIZATION PROJECT THE PROJECT WILL PROVIDE WIDER SIDEWALKS WITH STREET FURNITURE, STORM GARDENS TO TREAT STORMWATER BEFORE DISCHARGING TO SAND CREEK AND PEND OREILLE RIVER, PLACES FOR PUBLIC ART AND NEW LANDSCAPING. WITH FUNDING FROM THE SANDPOINT URBAN RENEWAL AGENCY AND AN IDAHO COMMUNITY DEVELOPMENT BLOCK GRANT AWARDED BY THE IDAHO DEPARTMENT OF COMMERCE, THE CITY IMPLEMENTED THE FIRST PHASE OF THE PROJECT TRANSFORM THE DOWNTOWN INTO A NEW AND WELCOMING ENVIRONMENT FOR PEOPLE TO REDISCOVER ALL OF WHAT DOWNTOWN SANDPOINT HAS TO OFFER. PHASE 1 CONSTRUCTION OF THE PROJECT WAS COMPLETED ON CEDAR STREET BETWEEN 2ND AND 5TH AVENUES. PHASE 2'S TIMELINE HAS BEEN ADJUSTED TO MEET THE NEEDS OF DOWNTOWN BUSINESS OWNERS AND WILL NOW INCLUDE A DELAYED START OF CONSTRUCTION TO AFTER LABOR DAY 2019 WITH A GOAL OF CURB-TO-CURB COMPLETED BY OCTOBER 31, 2019; 5' SIDEWALK (ASPHALT OR CONCRETE) BY NOVEMBER 26, 2019; AND ALL WORK COMPLETE BY JUNE 1, 2020. GROWTH & DEVELOPMENT KITCHEN PONDERAY BONNER COUNTY IS NOW HOME TO KITCHEN PONDERAY, A NONPROFIT COMMERCIAL KITCHEN ALLOWING FOOD ENTREPRENEURS TO START UP THEIR BUSINESSES AT A FRACTION OF THE COST, AND HELPS THEM MAXIMIZE PROFITS WHEN THEY NEED IT THE MOST. WHILE THE KITCHEN'S PRIMARY PURPOSE IS TO SERVE NEW BUSINESS STARTUPS, IT WILL ALSO BE USED FOR SOME CHARITABLE WORK IN THE FUTURE. THIS COMMUNITY PROJECT WAS LED BY THE BONNER COUNTY ECONOMIC DEVELOPMENT CORPORATION IN COLLABORATION AND PARTNERSHIP WITH THE PANHANDLE AREA COUNCIL, THE BONNER COUNTY COMMISSIONERS, THE CITY OF PONDERAY. THROUGH SIX GRANTS INCLUDING A LEAD GRANT FROM NORTHWEST BUSINESS DEVELOPMENT ASSOCIATION FOR 30,000, KITCHEN PONDERAY IS LOCATED IN PONDERAY, ID. IN JANUARY THE ECONOMIC DEVELOPMENT CORPORATION HOSTED AN OPEN HOUSE WITH OVER 35 ATTENDEES INCLUDING ASPIRING BUSINESS OWNERS READY TO USE THE SPACE FOR BUSINESS DEVELOPMENT. EXPERIENCE ECONOMY MATCHWOOD BREWING COMPANY. IN OCTOBER OF 2018, MATCHWOOD BREWING COMPANY, SANDPOINT'S NEWEST BREWERY AND EATERY, RENOVATED A 6,000 SQUARE FOOT HISTORIC WAREHOUSE IN THE HISTORIC GRANARY ARTS DISTRICT IN DOWNTOWN SANDPOINT. THIS 10 BBL BREWHOUSE PRODUCTION FACILITY AND TAPROOM ADDED 21 NEW JOBS EMPLOYING FOLKS FROM ACROSS THE COUNTY INCLUDING SAGLE, PONDERAY, AND SANDPOINT. UTARA BREWING. IN JUNE OF 2017, UTARA BREWING OPENED AN ALTERNATING PROPRIETORSHIP BUSINESS STRUCTURE WHERE BOTH UTARA AND WESTWOOD BREWERY BEERS ARE BREWED ON SITE IN SANDPOINT. UTARA'S OWNERS RENOVATED A FORMER OIL PIT/TUNE-UP SHOP AND CREATED SIX JOBS. UPSIDE KOMBUCHA. OPENED IN SPRING OF 2018, UPSIDE KOMBUCHA IS A CRAFT KOMBUCHA PRODUCTION AND DISTRIBUTION COMPANY LOCATED IN SANDPOINT, ID. FEATURING CANS, KEGS AND A SMALL TAPROOM FOR GROWLER FILLS AND PINTS, UPSIDE STARTED AS A BUSINESS UNDER THE COTTAGE LAW AT THE LOCAL FARMERS MARKET AND NOW SERVED AT MULTIPLE LOCATIONS ACROSS THE COUNTY. BCEDC GROWTH IDAHO DEPARTMENT OF COMMERCE RURAL ED PROFESSIONAL GRANT. IN PARTNERSHIP WITH BONNER COUNTY, THIS GRANT WAS RENEWED AT THE 15,000 LEVEL AND SUPPORTED THE SUSTAINABILITY OF THE BCEDC. AS A RESULT, STATEWIDE OFFICIALS FROM THE DEPARTMENT OF COMMERCE, DEPARTMENT OF LABOR AND OTHER ENTITIES AT THE STATEWIDE LEVEL HAVE PARTICIPATED IN MEETINGS, BUSINESS SITE VISITS, AND OUR ANNUAL SUMMIT -- PRIORITIZING BONNER COUNTY AND NORTHERN IDAHO ON THE MAP OF INFLUENTIAL DECISION-MAKERS.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 28a  
29
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		29a
30
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		30a
31 Other program services (describe in Schedule O) ................
(Grants $   ) If this amount includes foreign grants, check here...MediumBullet		 31a
32 Total program service expenses (add lines 28a through 31a).......... bullet 32  
Part Ⅳ
List of Officers, Directors, Trustees, and Key Employees (list each one even if not compensated — see the instructions for Part IV)Check if the organization used Schedule O to respond to any question in this Part IV............
(a) Name and title (b) Average
hours per week
devoted to position		 (c) Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-) 		(d) Health benefits, contributions to employee benefit plans, and
deferred compensation		 (e) Estimated amount
of other compensation
RYAN ROBINSON  
 
DIRECTOR 		1.00 0    
SHERYL RICKARD  
 
DIRECTOR 		1.00 0    
JIM KANE  
 
DIRECTOR 		1.00 0    
ERIC PAULL  
 
CHAIRMAN 		1.00 0    
COLIN MCLEMORE  
 
DIRECTOR 		1.00 0    
KELLY PRIOR  
 
DIRECTOR 		1.00 0    
DR CHARLES BUCK  
 
DIRECTOR 		1.00 0    
KRISTINA PECK  
 
SECRETARY/TR 		1.00 0    
ROD ENGEL  
 
VICE CHAIRMA 		1.00 0    
TODD PRESCOTT  
 
DIRECTOR 		1.00 0    
JEFF CONNOLLY  
 
DIRECTOR 		1.00 0    
ANGELA COCHRAN  
 
DIRECTOR 		1.00 0    
CARI SACCOMONNO  
 
DIRECTOR 		1.00 0    
WALLY JACOBSON  
 
DIRECTOR 		1.00 0    
ANDREA MARCOCCIO  
 
EXECUTIVE DI 		1.00 0    
Form 990-EZ (2018)
Form 990-EZ (2018)
Page 3
Part Ⅴ
Other Information
(Note the Schedule A and personal benefit contract statement requirements in the
instructions for Part V.) Check if the organization used Schedule O to respond to any question in this Part V.......
Yes
No
33
Did the organization engage in any significant activity not previously reported to the IRS? If "Yes," provide a detailed description of each activity in Schedule O ...................
33
 
No
34
Were any significant changes made to the organizing or governing documents? If "Yes," attach a conformed copy of the amended documents if they reflect a change to the organization’s name. Otherwise, explain the changeon Schedule O (see instructions) ..........................
34
 
No
35a
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities (such as those reported on lines 2, 6a, and 7a, among others)? ............
35a
 
No
b
If "Yes," to line 35a, has the organization filed a Form 990-T for the year? If "No," provide an explanation in Schedule O
35b
 
 
c
Was the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements during the year? If "Yes," complete Schedule C, Part III
35c
 
No
36
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If “Yes," complete applicable parts of Schedule N ................
36
 
No
37a
Enter amount of political expenditures, direct or indirect, as described in the instructions. bullet
37a
 
b
Did the organization file Form 1120-POL for this year?...................
37b
 
No
38a
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were
any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?..
38a
 
No
b
If “Yes," complete Schedule L, Part II and enter the total amount involved .
38b
 
39
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on line 9.......
39a
 
b
Gross receipts, included on line 9, for public use of club facilities.....
39b
 
40a
Section 501(c)(3) organizations. Enter amount of tax imposed on the organization during the year under:
section 4911 bullet   ; section 4912 bullet   ; section 4955 bullet  
b
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I
40b
 
 
c
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Enter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and 4958bullet  
d
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Enter amount of tax on line 40c reimbursed by the organizationbullet  
e
All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? If "Yes," complete Form 8886-T ................
40e
 
No
41List the states with which a copy of this return is filed. bulletID
42aThe organization's books are in care of bulletBONNER COUNTY EDC
 Telephone no.bullet (208) 265-6402
Located at bullet231 N 3RD AVE SUITE 107SANDPOINT,ID ZIP + 4bullet83864
Yes
No
b
At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? . .
42b
 
No
If “Yes," enter the name of the foreign country: bullet
See the instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)
c
At any time during the calendar year, did the organization maintain an office outside the U.S.? . . .
42c
 
No
If “Yes," enter the name of the foreign country: bullet
43......bullet
and enter the amount of tax-exempt interest received or accrued during the tax year....bullet43
 
Yes
No
44a
Did the organization maintain any donor advised funds during the year? If "Yes," Form 990 must be completed insteadof Form 990-EZ.............................
44a
 
No
b
Did the organization operate one or more hospital facilities during the year? If "Yes," Form 990 must be completedinstead of Form 990-EZ.............................
44b
 
No
c
Did the organization receive any payments for indoor tanning services during the year?.........
44c
 
No
d
If "Yes," to line 44c, has the organization filed a Form 720 to report these payments? If "No," provide an
explanation in Schedule O ............................
44d
 
 
45a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?.........
45a
 
No
45b
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," Form 990 and Schedule R may need to be completed instead of Form 990-EZ (see instructions).........................
45b
 
No
Form 990-EZ (2018)
Form 990-EZ (2018)
Page 4
Yes
No
46
Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition tocandidates for public office? If “Yes," complete Schedule C, Part I. ...........
46
 
No
Part Ⅵ
Section 501(c)(3) organizations only All section 501(c)(3) organizations must answer questions 47- 49b and 52, and complete the tables for lines 50 and 51. Check if the organization used Schedule O to respond to any question in this Part VI ..................
Yes
No
47
Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................
47
 
 
48
Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..
48
 
 
49a
Did the organization make any transfers to an exempt non-charitable related organization?......
49a
 
 
b
If "Yes," was the related organization a section 527 organization?................
49b
 
 
50
Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and title of each employee (b) Average
hours per week
devoted to position		 (c) Reportable compensation
(Forms W-2/1099-MISC) 		(d) Health benefits, contributions to employee benefit plans, and deferred compensation (e) Estimated amount of other compensation
 
f
Total number of other employees paid over $100,000 .............bullet  

51
Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and business address of each independent contractor (b) Type of service (c) Compensation
 
d
Total number of other independent contractors each receiving over $100,000..........bullet  


52
Did the organization complete Schedule A? NOTE. All section 501(c)(3) organizations must attach a
completed Schedule A ........................................bullet
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name bullet

Firm's EIN bullet
Firm's address bullet



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
Form 990-EZ (2018)

Additional Data


Software ID:  
Software Version:  

Form 990-EZ, Special Condition Description:
Special Condition Description

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
BONNER COUNTY ECONOMIC DEVELOPMENT
CORP
Employer identification number

82-0526763
Return Reference Explanation
FORM 990-EZ, PART I, LINE 16 EXPENSES ADVERTISING/MARKETING 7,028 POSTAGE 63 OFFICE SUPPLIES 1,166 INSURANCE 1,236 WORKERS COMP 225 PROSPECT MEMBERSHIP EXP 750 EQUIPMENT RENTAL 1,800 KITCHEN IMPROVEMENTS 82,017 REPAIRS 253 BANK CHARGES 70 NON-INVESTMENT DEPRECIATION 82 TOTAL 94,690
FORM 990-EZ, PART II, LINE 24 ACCOUNTS RECEIVABLE 500 0 LEASEHOLD IMP & OFFICE EQUIPMENT 10,871 10,871 LESS ACCUMULATED DEPRECIATION 9,026 9,108 TOTAL 2,345 1,763
FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 372 693 PAYROLL LIABILITIES 1,834 1,799
FORM 990-EZ, PART III THE MISSION OF THE ORGANIZATION IS TO NURTURE, EXPAND, AND DIVERSIFY THE COUNTY'S ECONOMIC BASE BY ATTRACTING COMPATIBLE NEW BUSINESSES, WORKING WITH EXISTING BUSINESSES AND IMPROVING THE COUNTY'S COMMERCIAL AND RETAIL BASE. THIS WILL RESULT IN A WIDER RANGE OF EMPLOYMENT AND INCOME OPPORTUNITIES, AND BETTER EDUCATION AND QUALITY OF LIFE FOR COUNTY RESIDENTS.
FORM 990-EZ, PART III, LINE 28 IN 2018, BONNER COUNTY ECONOMIC DEVELOPMENT CORPORATION ACCOMPLISHED THE FOLLOWING: WE EXECUTED OUR 4TH ANNUAL "WHAT'S HAPPENING UP NORTH" ECONOMIC SUMMIT FEATURING THE TOPIC "HOUSING & LABOR". OUR ATTENDANCE INCLUDED OVER 140 LOCAL AND REGIONAL BUSINESS AND PUBLIC OFFICIALS. FIBER NETWORK AFTER IDENTIFYING ACCESS TO HIGH-SPEED INTERNET AS THE NUMBER ONE BARRIER TO BUSINESS GROWTH AND RETENTION IN BONNER COUNTY, SANDPOINT IS HOME TO TWO MAJOR FIBER PROVIDERS, TING AND FATBEAM. TING IS OPERATIONAL IN PHASE I NEIGHBORHOODS IN SANDPOINT AND CONTINUES EXPANSION INTO SOUTH SANDPOINT AS PART OF THEIR SECOND PHASE. FATBEAM IS UNDER-DEVELOPMENT. ESTABLISHMENT OF OPPORTUNITY ZONE FOR DOWNTOWN SANDPOINT LEAD ENTIRELY BY THE BCEDC, OUR ORIGINAL HOPES WERE TO CONFIRM TWO OF OUR THREE QUALIFYING ZIP CODES AS OPPORTUNITY ZONES, TARGETING DOWNTOWN PRIEST RIVER, HOPE, AND DOWNTOWN SANDPOINT. IN THE END, IT WAS ONLY SANDPOINT DOWNTOWN THAT WAS ACCEPTED. BUSINESS RETENTION/EXPANSION 63-602NN AFTER THE ESTABLISHMENT OF PROPERTY TAX EXEMPTIONS AND LOWERING THE CAPITAL LIMIT TO 500,000 THRESHOLD, THE BCEDC IS WORKING DIRECTLY WITH THE COUNTY AND THEIR ATTORNEY TO NAVIGATE APPLICATIONS AND THEIR PROGRESS. COMPANIES NOW UNDER 63-602NN INCLUDE LITEHOUSE, QUEST, MOUNTAIN METALS, TAMARACK, CRYPTOROCK AND PAPE MACHINERY. CURRENT APPLICANTS UNDER REVIEW WILL BE GIVEN AN UPDATE BY THE COUNTY ATTORNEY IN EARLY 2019. NEWLY INTERESTED APPLICANTS INCLUDE IDAGON AMONG OTHERS. DIEDRICH ROASTERS DIEDRICH ROASTERS BEGAN A TWO-PHASE EXPANSION INTO A BRAND NEW, STATE OF THE ART FACILITY IN PONDERAY, ID. DIEDRICH COMPLETED PHASE I IN EARLY 2018 AND HAS BEGUN PHASE II AS OF Q3 2018. THEY PLAN TO MOVE ALL OPERATIONS UNDER THE NEW BUILDING BY JUNE 2019. LITEHOUSE FOODS THIS FALL, THE SANDPOINT-BASED COMPANY MADE FAMOUS FOR ITS SALAD DRESSINGS AND DIPS CUT THE RIBBON ON A 175,000 SQUARE FOOT EXPANSION OF ITS PRODUCTION FACILITY IN UTAH. THE GROWTH FOLLOWS SIMILAR PRODUCTION EXPANSIONS AT LITEHOUSE'S SANDPOINT AND MICHIGAN LOCATIONS, TOO. IN SANDPOINT, A 6.2 MILLION EXPANSION IN FEBRUARY OF 2018 UNDERSCORES LITEHOUSE'S COMMITMENT TO AND INVESTMENT IN THE SANDPOINT COMMUNITY AND BONNER COUNTY. THE 26,000-SQUARE-FOOT EXPANSION INCLUDES A NEW COOLER, SHIPPING AND RECEIVING CENTER, LOADING DOCKS, UPDATED EMPLOYEE BREAK ROOMS AND FACILITIES, AND A 4,000-SQUARE-FOOT WASTEWATER TREATMENT FACILITY. THE NEW COOLER ADDS ROUGHLY 1,350 NEW REFRIGERATED PALLET LOCATIONS AS WELL AS APPROXIMATELY 150 FREEZER PALLET LOCATIONS. TAMARACK AEROSPACE IN 2018, TAMARACK RELOCATED TO A NEW HANGER LOCATION AT THE SANDPOINT AIRPORT. CAPITAL EXPENDITURES THE SANDPOINT DOWNTOWN REVITALIZATION PROJECT THE PROJECT WILL PROVIDE WIDER SIDEWALKS WITH STREET FURNITURE, STORM GARDENS TO TREAT STORMWATER BEFORE DISCHARGING TO SAND CREEK AND PEND OREILLE RIVER, PLACES FOR PUBLIC ART AND NEW LANDSCAPING. WITH FUNDING FROM THE SANDPOINT URBAN RENEWAL AGENCY AND AN IDAHO COMMUNITY DEVELOPMENT BLOCK GRANT AWARDED BY THE IDAHO DEPARTMENT OF COMMERCE, THE CITY IMPLEMENTED THE FIRST PHASE OF THE PROJECT TRANSFORM THE DOWNTOWN INTO A NEW AND WELCOMING ENVIRONMENT FOR PEOPLE TO REDISCOVER ALL OF WHAT DOWNTOWN SANDPOINT HAS TO OFFER. PHASE 1 CONSTRUCTION OF THE PROJECT WAS COMPLETED ON CEDAR STREET BETWEEN 2ND AND 5TH AVENUES. PHASE 2'S TIMELINE HAS BEEN ADJUSTED TO MEET THE NEEDS OF DOWNTOWN BUSINESS OWNERS AND WILL NOW INCLUDE A DELAYED START OF CONSTRUCTION TO AFTER LABOR DAY 2019 WITH A GOAL OF CURB-TO-CURB COMPLETED BY OCTOBER 31, 2019; 5' SIDEWALK (ASPHALT OR CONCRETE) BY NOVEMBER 26, 2019; AND ALL WORK COMPLETE BY JUNE 1, 2020. GROWTH & DEVELOPMENT KITCHEN PONDERAY BONNER COUNTY IS NOW HOME TO KITCHEN PONDERAY, A NONPROFIT COMMERCIAL KITCHEN ALLOWING FOOD ENTREPRENEURS TO START UP THEIR BUSINESSES AT A FRACTION OF THE COST, AND HELPS THEM MAXIMIZE PROFITS WHEN THEY NEED IT THE MOST. WHILE THE KITCHEN'S PRIMARY PURPOSE IS TO SERVE NEW BUSINESS STARTUPS, IT WILL ALSO BE USED FOR SOME CHARITABLE WORK IN THE FUTURE. THIS COMMUNITY PROJECT WAS LED BY THE BONNER COUNTY ECONOMIC DEVELOPMENT CORPORATION IN COLLABORATION AND PARTNERSHIP WITH THE PANHANDLE AREA COUNCIL, THE BONNER COUNTY COMMISSIONERS, THE CITY OF PONDERAY. THROUGH SIX GRANTS INCLUDING A LEAD GRANT FROM NORTHWEST BUSINESS DEVELOPMENT ASSOCIATION FOR 30,000, KITCHEN PONDERAY IS LOCATED IN PONDERAY, ID. IN JANUARY THE ECONOMIC DEVELOPMENT CORPORATION HOSTED AN OPEN HOUSE WITH OVER 35 ATTENDEES INCLUDING ASPIRING BUSINESS OWNERS READY TO USE THE SPACE FOR BUSINESS DEVELOPMENT. EXPERIENCE ECONOMY MATCHWOOD BREWING COMPANY. IN OCTOBER OF 2018, MATCHWOOD BREWING COMPANY, SANDPOINT'S NEWEST BREWERY AND EATERY, RENOVATED A 6,000 SQUARE FOOT HISTORIC WAREHOUSE IN THE HISTORIC GRANARY ARTS DISTRICT IN DOWNTOWN SANDPOINT. THIS 10 BBL BREWHOUSE PRODUCTION FACILITY AND TAPROOM ADDED 21 NEW JOBS EMPLOYING FOLKS FROM ACROSS THE COUNTY INCLUDING SAGLE, PONDERAY, AND SANDPOINT. UTARA BREWING. IN JUNE OF 2017, UTARA BREWING OPENED AN ALTERNATING PROPRIETORSHIP BUSINESS STRUCTURE WHERE BOTH UTARA AND WESTWOOD BREWERY BEERS ARE BREWED ON SITE IN SANDPOINT. UTARA'S OWNERS RENOVATED A FORMER OIL PIT/TUNE-UP SHOP AND CREATED SIX JOBS. UPSIDE KOMBUCHA. OPENED IN SPRING OF 2018, UPSIDE KOMBUCHA IS A CRAFT KOMBUCHA PRODUCTION AND DISTRIBUTION COMPANY LOCATED IN SANDPOINT, ID. FEATURING CANS, KEGS AND A SMALL TAPROOM FOR GROWLER FILLS AND PINTS, UPSIDE STARTED AS A BUSINESS UNDER THE COTTAGE LAW AT THE LOCAL FARMERS MARKET AND NOW SERVED AT MULTIPLE LOCATIONS ACROSS THE COUNTY. BCEDC GROWTH IDAHO DEPARTMENT OF COMMERCE RURAL ED PROFESSIONAL GRANT. IN PARTNERSHIP WITH BONNER COUNTY, THIS GRANT WAS RENEWED AT THE 15,000 LEVEL AND SUPPORTED THE SUSTAINABILITY OF THE BCEDC. AS A RESULT, STATEWIDE OFFICIALS FROM THE DEPARTMENT OF COMMERCE, DEPARTMENT OF LABOR AND OTHER ENTITIES AT THE STATEWIDE LEVEL HAVE PARTICIPATED IN MEETINGS, BUSINESS SITE VISITS, AND OUR ANNUAL SUMMIT -- PRIORITIZING BONNER COUNTY AND NORTHERN IDAHO ON THE MAP OF INFLUENTIAL DECISION-MAKERS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018


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