TY 2023 Form 990EZ

Form990EZ

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)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
IDA-LEW ECONOMIC DEVELOPMENT COUNCIL INC

Number and street (or P. O. box, if mail is not delivered to street address)PO Box 393
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Grangeville, ID83530

D Employer identification number

82-0537210

E Telephone number

(208) 983-2570

F Group Exemption
Number bullet

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? Ida-Lew Economic Development Council Inc (Ida-Lew EDC) Was organized to assist and encourage business and economic development in Idaho and Lewis Counties in Idaho.
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 Ida-Lew EDC has one full time employee who meets with community leaders and business owners whenever he can find an audience to discuss ideas, needs, and resources from the community and from outside the community. Employee helps connect business owners to resources, both public and private, to help facilitate business success and employment growth. Ida-Lew EDC has also initiated a local committee of concerned citizens to discuss and share ideas on how to improve the local housing situation. Ida-Lew EDC partners with other economic development organizations such as SBDC (Small Business Development Council (https://amerlcassbdc.org/about-us/)) and CEDA (Clearwater Economic Development Association (http://www.clearwater-eda.org/)). (Grants $ ) If this amount includes foreign grants, check here ...			28a	71,323
29 (Grants $ ) If this amount includes foreign grants, check here ...			29a
30 (Grants $ ) If this amount includes foreign grants, check here ...			30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	71,323

(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
DAVID McKNIGHT Trustee	1.00	0
GARY BALL President	1.00	0
MIKE STURDEVANT Vice President	1.00	0
JUSTIN MCLEOD Trustee	1.00	0
TED LINDSLEY Trustee	1.00	0
JANET BRENNAN Trustee	1.00	0

Yes

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 .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

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
NONE

Total number of other employees paid over $100,000 ............. bullet

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
NONE

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $234
Other Expenses.1002	Office Expenses $1255
Other Expenses.1005	Travel $904
Other Expenses.1007	Conferences, Conventions, and Meetings $345
Other Expenses.1012	Insurance $1945
Other Expenses.1	PAYROLL EXPENSE REIMBURSEMENT $17684
Other Expenses.2	RENT $3600
Other Expenses.3	UTILITIES $1290
Other Expenses.4	WORKERS COMP $1005
Other Expenses.5	DUES AND SUBSCRIPTIONS $488
Other Expenses.7	LICENSES & PERMITS $100
Other Expenses.8	BANK SERVICE CHARGES $33
Other Assets.1011	Prepaid Expenses and Deferred Charges - Beginning $935 Prepaid Expenses and Deferred Charges - Ending $62
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $1580 Accounts Payable and Accrued Expenses - Ending $1199
Total Liabilities.1	PAYROLL TAX LIABILITIES - Beginning $0 PAYROLL TAX LIABILITIES - Ending $1904
Total Liabilities.2	ACCRUED WAGES - Beginning $0 ACCRUED WAGES - Ending $10821

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $234

Other Expenses.1002

Office Expenses $1255

Other Expenses.1005

Travel $904

Other Expenses.1007

Conferences, Conventions, and Meetings $345

Other Expenses.1012

Insurance $1945

Other Expenses.1

PAYROLL EXPENSE REIMBURSEMENT $17684

Other Expenses.2

RENT $3600

Other Expenses.3

UTILITIES $1290

Other Expenses.4

WORKERS COMP $1005

Other Expenses.5

DUES AND SUBSCRIPTIONS $488

Other Expenses.7

LICENSES & PERMITS $100

Other Expenses.8

BANK SERVICE CHARGES $33

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $935 Prepaid Expenses and Deferred Charges - Ending $62

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1580 Accounts Payable and Accrued Expenses - Ending $1199

Total Liabilities.1

PAYROLL TAX LIABILITIES - Beginning $0 PAYROLL TAX LIABILITIES - Ending $1904

Total Liabilities.2

ACCRUED WAGES - Beginning $0 ACCRUED WAGES - Ending $10821

1	Contributions, gifts, grants, and similar amounts received ....................	1	54,939
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3
4	Investment income ....................................	4	471
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
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	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
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	0
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 ..............	9	55,410

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	37,650
13	Professional fees and other payments to independent contractors ............	13	4,658
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15	132
16	Other expenses (describe in Schedule O) ...................	16	28,883
17	Total expenses. Add lines 10 through 16 .................	17	71,323

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-15,913
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	53,845
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	37,932

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Software ID:	23017517
Software Version:	2023v5.1