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COCONINO COUNTY SUSTAINABLE ECONOMIC

FLAGSTAFF, AZ · EIN 261077054 · Form 990EZ · FY2021 · NTEE S30 · Community Improvement · Small ($100K-$1M) · sedinaz.org
revenue
$114K
expenses
$89K
net assets
$196K
employees
—
mission · from form 990

ADVANCE SUSTAINABLE ECONOMIC DEVELOPMENT. THE SUSTAINABLE ECONOMIC DEVELOPMENT INITIATIVE'S (SEDI) MISSION IS TO PROMOTE SUSTAINABLE ECONOMIC PROSPERITY IN NORTHEN ARIZONA THROUGH ECOLOGICAL HEALTH, SOCIAL EQUITY AND A RESILIANT ECONOMY. SEDI ECOURAGES RENEWABLE ENERGY, LOCAL FOOD SOVEREIGNTY, THE CREATION OF JOBS WITH WAGES AND BENEFITS THAT PROVIDE ADEQUETELY FOR FAMILIES AND THE STEWARDSHIP OF OUR NATURAL RESOURCES INCLUDING WATER AND LAND MANAGEMENT. SEDI WORKS WITH BUSINESSES AND GOVERNMENT TO DEVELOP SMART GROWTH POLICIES AND HELPS ORGANIZATIONS TRANSITION TO SUSTAINABLE MODELS. IT MAKES BUSIENSS MICRO-LOANS, FOSTERS AND SUPPORTS ENTREPRENEURS, SMALL AND HOME-BASED BUSINESSES AND PROMOTES GREEN BUSINESSES. SEDI CONTINUES THE SUCCESSFUL TEACHER AWARDS FOR SUSTAINABLE CURRICULUM AND PARTNERS WITH NORTHERN ARIZONA UNIVERSITY, SCHOOL DISTRICTS IN NORTHERN ARIZONA AND NON-PROFIT ORGANIZATIONS IN THE COMMUNITY TO OFFER ENRICHMENTS AND OTHER PROGRAMS.

profile · synthesized from sources

The Sustainable Economic Development Initiative (SEDI) runs the Dollars4Dreams program, a community-supported lending initiative that provides up to $15,000 in initial financing to start-up, home-based, and existing small businesses in Flagstaff, Arizona. The program targets entrepreneurs lacking access to traditional capital, helps them build credit history by reporting to national credit bureaus, and supports sustainable economic development in northern Arizona. SEDI partners with local foundations, government entities, and community organizations to fund and guide borrowers.

named programs · 1 · from sources

what they call their work

Dollars4Dreams
Community-supported business-lending program providing up to $15,000 in initial financing to start-up, existing, and home-based businesses in Flagstaff. Helps borrowers build credit by reporting loan history to national credit bureaus and may offer larger follow-on loans to qualified applicants.
activities · 2 clusters

what they do

  • Small Business Term Loan Programs 1 activity
    • Administers microloan program for underserved small businesses
      Provides initial financing of up to $15,000 to start-up, existing, and home-based businesses in Flagstaff that lack access to traditional capital. Offers follow-on loans with higher principal amounts to qualified borrowers.
  • Credit Monitoring & Reporting Services 1 activity
    • Builds client credit history through loan reporting
      Reports borrower payment history to national credit reporting agencies, helping clients establish or improve their credit records.
financials · form 990EZ · fy2021

the money

revenue
Total revenue$114K
Contributions & grants$113K99%
Program service revenue$9411%
Investment income——
Other revenue—
expenses
Total expenses$89K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$60K
Grants paid out$12K
balance sheet
Total assets$196K
Cash—
Investments—
Liabilities—
Net assets$196K
2 years on record · 2020–2021 · YoY revenue -1.7%
leadership · form 990 part vii · fy2021

who runs it

paid leadership · 2
NameTitleHours/wkCompensation
CORY RUNGE DIRECTOR 2 $48K
JON PEREZ TREASURER & BOARD MEMBER 1 $11K
board members · 3
  • LINDA BUCHANAN — BOARD MEMBER
  • NATHAN JONES — SECRETARY & BOARD MEMBER
  • RON HUBERT — BOARD MEMBER
relationships · 10

who they work with

  • Arizona Community Foundation of Flagstaff Funder — Provided a grant for the Dollars for Dreams program.
  • Coconino County Funder — Provided a grant for the Dollars for Dreams program.
  • Coconino Small Business Development Center (SBDC) Partner — Recommended resource for small businesses before applying for a loan, offering free business consulting services.
  • Ernest & Evelyn Chilson Foundation Funder — Collaborated with Flagstaff Community Foundation to provide a grant for the Dollars for Dreams program.
  • Federal Home Loan Bank of San Francisco Funder — Provided a grant for the Dollars for Dreams program.
  • Flagstaff Community Foundation Funder — Provided a grant for the Dollars for Dreams program in collaboration with other foundations.
  • GeoFund Funder — Collaborated with Flagstaff Community Foundation to provide a grant for the Dollars for Dreams program.
  • Molly and Joseph Herman Foundation Funder — Collaborated with Flagstaff Community Foundation to provide a grant for the Dollars for Dreams program.
  • Moonshot at NACET Partner — Recommended resource for entrepreneurs to grow and scale their businesses.
  • United Way of Northern Arizona Funder — Provided a grant for the Dollars for Dreams program.