Hancock County Economic Development Corporation
- Assets
- $123.1k
- Revenue
- $195.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Garner, IA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-2714626
Organization Overview
Hancock County Economic Development Corporation is located in Garner, IA. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Hancock County Economic Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hancock County Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Hancock County Economic Development Corporation generated $195.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $167.7k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND ENCOURAGE ECONOMIC DEVELOPMENT FOR HANCOCK COUNTY BY PROVIDING ORGANIZATIONAL AND DEVELOPMENTAL SERVICES TO BUSINESSES AND POTENTIAL NEW BUSINESSES IN THE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HANCOCK COUNTY ECONOMIC DEVELOPMENT CORPORATION IS COMPRISED OF ONE EXECUTIVE DIRECTOR, FIFTEEN BOARD MEMBERS, AND FOUR ADVISORY BOARD MEMBERS. IN 2017, HCEDC FOCUSED ON THE FOLLOWING GOAL AREAS TO FOSTER AND ENCOURAGE ECONOMIC DEVELOPMENT ACROSS THE COUNTY AND ACHIEVED THE FOLLOWING RESULTS: BUSINESS RETENTION - ANNUAL ON-SITE VISITS(40), HOUSING NEEDS ANALYSIS, EMPLOYEE RETENTION ANALYSIS, AND SEMINARS(10) ON CURRENT/NEW RESOURCES AVAILABLE TO LOCAL BUSINESSES NEW BUSINESS ATTRACTION - ASSISTED & PROVIDED RESOURCES TO FOUR START UPS HANCOCK COUNTY REVOLVING LOAN FUND - INSTRUMENTAL IN THE ACQUISITION OF A LOAN AWARD FOR ONE NEW SMALL BUSINESS WORKFORCE DEVELOPMENT - PROMOTION OF WWW.GOTJOBS.WORK AND HOME BASE IOWA, SPONSORSHIP OF HIGH SCHOOL CAREER FAIRS(4), SPONSORSHIP OF A 2ND ANNUAL INTERNSHIP PROGRAM(21 PARTICIPANTS) FEATURING 9 VALUE ADDED TRAININGS AND NETWORKING OPPORTUNITIES, BOOTHS AT VARIOUS EVENTS SHOWCASING AVAILABLE JOBS WITHIN THE COUNTY, WORKFORCE RETENTION TRAINING SESSIONS , AND PARTNERED WITH IOWAWORKS FOR 5 SESSIONS REGIONAL PARTNERSHIP COMMUNICATION - WORKED WITH RESOURCE PARTNERS(7), LOCAL CHAMBERS OF COMMERCE, SCHOOLS, FOUNDATIONS, PDI, AND GOVERNMENT OFFICIALS COMMUNITY INVESTMENT IN HCEDC - RAISING MONIES FROM GRANTS, PRIVATE AND/OR BUSINESS DONORS, COMMUNITIES, AND GOVERNMENT ENTITIES TO FUND THE WORK OF HCEDC
MARKETING OF HANCOCK COUNTY: TV ADVERTISING - 2747 SPOTS WITH ICAN ADVERTISING BANNER ADS - 150,000+ LOCAL INTERNET USERS REACHED DIGITAL MARKETING - FACEBOOK ADS & SNAPCHAT FILTERS DEVELOPED FOR EVENTS (7) SOCIAL MEDIA MARKETING - 405 FOLLOWERS ON FACEBOOK, AN AVERAGE OF 10,000 VIEWS/MONTH AND 600+ POST ENGAGEMENTS RADIO & NEWSPAPER MARKETING - MONTHLY KIOW GOOD MORNING CONVERSATION TALK SHOW APPEARANCE REGARDING WORKFORCE NEEDS, INTERNSHIP PROGRAM, COMMUNITY EVENTS AND FEATURING LOCAL BUSINESS/COMMUNITY GUEST SPEAKERS. MONTHLY BRITT TRIBUNE EDITORIALS GENERAL RESOURCE MATERIALS - DEVELOPMENT, PRINTING AND DISTRIBUTION OF INDUSTRIAL PARK BROCHURES, PROMOTIONAL FLAGS FOR EVENTS, WELCOME/THANK YOU BANNERS FOR COUNTY EVENTS, HANCOCK COUNTY ECONOMIC NEWSLETTER, AND WWW.GOTJOBS.WORK POSTCARDS EVENT MARKETING - HCEDC HAD WELCOME AND EXIT BANNER AT THE BEGINNING AND END OF RAGBRAII ROUTE AND ALSO EXECUTIVE DIRECTOR RODE PART OF THE ROUTE TAKING WITH BIKERS ABOUT THE BENEFITS OF HANCOCK COUNTY, HCEDC HAD A BOOTH AT THE FAMOUS TREE TOWN MUSIC FESTIVAL AND HANCOCK COUNTY DISTRICT FAIR WHERE WE GATHERED SURVEY INFORMATION AND HAD INFORMATION ON JOBS AVAILABLE IN HANCOCK COUNTY FAIR, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Kramer Executive Di | Officer | $66,623 | |
Amy Brownlee Vice Preside | Officer | 2 | $0 |
Eric Newton Treasurer | Officer | 2 | $0 |
Jerry Tlach President | Officer | 2 | $0 |
Laura Swiefel Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,625 |
| Noncash contributions included in lines 1a–1f | $18,985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,391 |
| Total Program Service Revenue | $0 |
| Investment income | $364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,520 |
| Payroll taxes | $6,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $37,687 |
| Office expenses | $1,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,300 |
| Travel | $2,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,646 |
| All other expenses | $11,983 |
| Total functional expenses | $167,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,387 |
| Savings and temporary cash investments | $30,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $693 |
| Total assets | $123,096 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,661 |
| Total liabilities | $2,661 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $120,435 |
| Total liabilities and net assets/fund balances | $123,096 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hancock County Economic Development Corporation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR HANCOCK COUNTY MARKETING | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spire Credit Union Falcon Heights, MN | $1,948,614,361 | $81,305,193 |
Serveminnesota Minneapolis, MN | $9,195,680 | $42,573,491 |
Arrowhead Economic Opportunity Agency Incorporated Virginia, MN | $33,957,216 | $39,136,123 |
Minnesota Valley Action Council Inc Mankato, MN | $12,018,161 | $29,353,976 |
Tri-Valley Opportunity Council Inc Crookston, MN | $15,068,505 | $26,983,244 |
United Community Action Partnership Inc Marshall, MN | $18,347,423 | $25,415,099 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |