Montgomery County Economic Development Corporation
- Assets
- $227.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmersville, IL
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 03-0551657
Organization Overview
Montgomery County Economic Development Corporation is located in Farmersville, IL. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Montgomery County Economic Development Corporation generated $91.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $91.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INCREASE ECONOMIC STANDARD OF LIVING AND QUALITY OFLIFE IN MONTGOMERY COUNTY BY PROVIDING EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Wilson President | 5 | $0 | |
Jodi Reynolds Secretary | 0 | $0 | |
Cassandra Rovey Director | 0 | $0 | |
Sarah Mcconnell Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $41,898 |
| Investment income | $3,631 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $45,853 |
| Total Revenue | $91,382 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,185 |
| Professional fees and other payments to independent contractors | $3,440 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $75,705 |
| Total expenses | $91,330 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $227,639 |
| Other assets | $0 |
| Total assets | $227,639 |
| Total liabilities | $336 |
| Net assets or fund balances | $227,303 |