Arthur Area Economic Development Corporation
- Assets
- $127.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arthur, IL
- Founding
- 09/2009
- Data as of
- 04/2021
- EIN
- 27-0221957
Organization Overview
Arthur Area Economic Development Corporation is located in Arthur, IL. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arthur Area 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 04/2021, Arthur Area Economic Development Corporation generated $123.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $110.7k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Miller Executive Di | 40 | $42,000 | |
Angie Parsons Tourism Coor | 40 | $31,917 | |
Scott Seegmiller Member | 1 | $0 | |
Kevin Huffman Member | 1 | $0 | |
Joseph Mcdonald Condill Member | 1 | $0 | |
Kenneth Crossman President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,491 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,585 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,076 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $79,572 |
| Professional fees and other payments to independent contractors | $1,593 |
| Occupancy, rent, utilities, and maintenance | $5,969 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,521 |
| Total expenses | $110,655 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,584 |
| Other assets | $0 |
| Total assets | $127,471 |
| Total liabilities | $1,510 |
| Net assets or fund balances | $125,961 |
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