STRATEGIC ECONOMIC DEVELOPMENT CORP OF THE MID-WILLAMETTE VALLEY | SEDCOR

SALEM, OR | Marion County
Economic Development
STRATEGIC ECONOMIC DEVELOPMENT CORP OF THE MID-WILLAMETTE VALLEY | SEDCOR
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

STRATEGIC ECONOMIC DEVELOPMENT CORP OF THE MID-WILLAMETTE VALLEY | SEDCOR
93-0810393
626 HIGH STREET NE
SALEM, OR 97301
Marion County
(503) 588-6225

info@sedcor.com
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Mission Statement info

SEDCOR IS A NONPROFIT ORGANIZATION WORKING WITH PRIVATE AND PUBLIC PARTNERS TO ENHANCE AND DIVERSIFY THE MID-WILLAMETTE VALLEY ECONOMY. SINCE 1982, SEDCOR HAS BUILT AND STRENGTHENED POSITIVE AND PRODUCTIVE PARTNERSHIPS WITH INDUSTRY LEADERS, NONPROFITS, BUSINESS ADVOCACY GROUPS, COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, STATE AND FEDERAL AGENCIES, LOCAL GOVERNMENTS, AND MORE. SEDCOR'S DRIVE TO GROW AND SHOWCASE ECONOMIC DEVELOPMENT IN MARION, POLK AND YAMHILL COUNTIES IS WITH A SINGULAR FOCUS: BRING TRADED SECTOR JOBS AND WEALTH TO THE LOCAL ECONOMY. SEDCOR'S MISSION IS 'OPPORTUNITY' AND IT IS BUILT ON THE FOUNDING VALUES TO: LISTEN FIRST; THINK OUTSIDE THE BOX; ACT WITH AGILITY; AND BUILD TO LAST. THIS IS DONE BY THOUGHTFULLY CULTIVATING RELATIONSHIPS AND COLLABORATING WITH PARTNERS ACROSS SECTORS TO RETAIN AND ATTRACT HIGH VALUE JOBS AND CAPITAL INVESTMENT, WHILE PROVIDING MEMBER SERVICES THAT SUPPORT BUSINESS SUCCESS IN THE MID-WILLAMETTE VALLEY. IN A PHRASE, "WE KNOW SOMEONE FOR THAT!"

CRA Category info
  • Economic Development
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
1982
Total Employees info
7
Total Volunteers info
4
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
400
Area development, redevelopment of renewal
200
Business promotion
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported
Targeted Clients info
  • Entrepreneurs
  • Minority-Owned Businesses
  • Small Businesses
  • Small Farms
CRA Income Characteristics info
  • SNAP Recipients
  • USDA Free or Reduced Lunch Students

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
38%
Percent LMI Served info
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
Business Retention and Expansion
Identifying resources for the growth, expansion, and health of small businesses in Marion, Polk and Yamhill Counties. Particular focus on rural and historically underserved business owners.
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Minority-Owned Businesses
  • Rural Residents
  • Small Businesses
  • Small Farms
  • Women-Owned Businesses
CRA Income Characteristics info
  • Moderate-Income
Industry Driven Workforce Infrastructure Support
Support the innovation and development of infrastructure programs that allow the workforce in Marion, Polk and Yamhill Counties. Examples of these programs include: Started as a workforce childcare initiative during COVID-19, Project Oasis provides high quality, affordable, and equitable childcare for families in Yamhill County. In partnership with a cross-section of public and private leadership, the Newberg Workforce Housing Consortium is working on a project to promote housing affordability and workforce housing options (aka 'missing middle housing').
Targeted Clients info
  • Children & Youth
  • Economically Disadvantaged
  • Entrepreneurs
  • Families
  • General Public
  • Job Seekers
  • Minority Individuals
  • Nonprofits
  • Rural Residents
  • Small Businesses
  • Unemployed
  • Women
CRA Income Characteristics info

    Not reported

Latino Microenterprise Development Program (LMDP)
The Latino Microenterprise Development Program (LMDP) is a multifaceted and comprehensive approach to support the Latinx/a/o business community at various stages throughout the business development continuum. Through a dedicated network of partners, this program provides robust outreach to serve previously non-engaged businesses, to provide low-barrier, linguistically and culturally appropriate training, technical assistance, instruction, and mentorship support. The LMDP is based on five key pillars: 1) Long-term sustainability; 2) Increased profitability; 3) Increased self-sufficiency; 4) Capacity building; and 5) Effective communication/collaboration. All programming is offered free-of-charge to participants.
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Minority Individuals
  • Minority-Owned Businesses
  • Rural Residents
  • Small Businesses
  • Small Farms
  • Underbanked or Unbanked
  • Women-Owned Businesses
CRA Income Characteristics info

    Not reported

Pacific Northwest Ag Supply Chain Innovation Cluster
Farmers need to be innovative, adaptive, and creative to ensure their competitive advantage in national and international markets. How do we get them the technology to meet that need? The NW Ag Innovation Hub is a series of programming designed to build an ecosystem of relationships between agriculture, technology, and innovation. Our goal is to keep farmers and farm profitability as the guiding light for everything we do. We align efforts from not only businesses and industry squarely within ag, but also from community colleges, four-year institutions, cooperative extensions, other nonprofits, as well as businesses along the Ag Supply Chain including equipment manufacturers, ag retailers, and food processors.
Targeted Clients info
  • Entrepreneurs
  • Rural Residents
  • Small Businesses
  • Small Farms
CRA Income Characteristics info

    Not reported

Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.2M
Revenue
$1.2M
Assets
$899.7K

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
1998-04
Deductibility Status info
Not Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

IRS Publication 78 Details info

As of Nov 2023
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-06
E-File
990
XML
990
Tax period ending in
2021-06
E-File
990
XML
990
Tax period ending in
2020-06
PDF
990
Tax period ending in
2019-06
PDF
990
E-File
990
XML
990
Tax period ending in
2018-06
PDF
990
E-File
990
XML
990
Tax period ending in
2017-06
E-File
990
XML
990
Tax period ending in
2016-06
PDF
990

Nonprofit Location

Physical Address info
626 HIGH STREET NE
SALEM, OR 97301
Marion County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
41420
MSA/MD info
41
State info
047
County info
0002.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
41420 - Salem, OR
Combined Statistical Area info
440 - Portland-Vancouver-Salem, OR-WA
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 28.34%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • OR - Marion County
  • OR - Polk County
  • OR - Yamhill County

Market Data

Census Tract County
0002.00 Marion County
Population
Total Population 4,595 344,037
Total Households 1,399 121,132
Income
Median Family Income (Census*) $121,250 $64,880
Median Family Income (2022 FFIEC est.) $89,100 $89,100
Tract Income Percentage 164.56% N/A
Below Poverty Level 19.0% 13.4%
Unemployment Level 4.4% 5.7%
Housing
Total Housing Units 1,460 127,743
Total Owner-Occupied Units 25.2% 61.2%
Total Renter-Occupied Units 70.6% 38.8%
Total Vacant Units 4.2% 6%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

9
Total Voting Members
in Governing Body info
9
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
J Michael Keane
(503) 588-6225
Principal Officer info
J Michael Keane
findCRA Profile Owner
Jenni Kistler
Director of Operations
jkistler@sedcor.com
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.