Falls City Economic Development Andgrowth Enterprise Inc

Organization Overview

Falls City Economic Development Andgrowth Enterprise Inc is located in Falls City, NE. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Falls City Economic Development Andgrowth Enterprise Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falls City Economic Development Andgrowth Enterprise Inc 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, Falls City Economic Development Andgrowth Enterprise Inc generated $519.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $338.0k during the year ending 12/2021. While expenses have increased by 4.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.


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Board, Officers & Key Employees

Name (title)Compensation
Lucas Froeschl
Executive Di
$52,314
Rod Rowland
President
$0
Ray Joy
Vice Preside
$0
Dana Rathje
Executive Co
$0
Shawna Bindle
Director
$0
Bart Keller
Executive Co
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$213,800
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$19,868
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$233,668
Total Program Service Revenue$0
Investment income $4
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 $519,784

Grants Awarded

Over the last fiscal year, Falls City Economic Development Andgrowth Enterprise Inc has awarded $34,408 in support to 3 organizations.

Grant RecipientAmount

FAST GLOBAL SOLUTIONS

PURPOSE: ASSET MODERNIZATION

$15,000

VANTEC INC

PURPOSE: ASSET MODERNIZATION

$13,432

FALLS CITY FOODS LLC

PURPOSE: ASSET MODERNIZATION

$5,976
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Falls City Economic Development Andgrowth Enterprise Inc has recieved totaling $13,750.

Awarding OrganizationAmount
Richardson Foundation Inc

Falls City, NE

PURPOSE: PROMOTE LOCAL BUSINE

$13,750
View Grant Recipient Profile

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