West Central Economic Development Alliance
- Assets
- $79.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wadena, MN
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 27-5168472
Organization Overview
West Central Economic Development Alliance is located in Wadena, MN. The organization was established in 2016. 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. West Central Economic Development Alliance 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 12/2022, West Central Economic Development Alliance generated $115.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $108.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
OPTIONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Farniok President | 1 | $0 | |
Kim Aagard Treasurer | 1 | $0 | |
Lisa Graba-Meech Secretary | 1 | $0 | |
Chad Bullock Director | 1 | $0 | |
Ryan Browne Director | 1 | $0 | |
Ray Ludovissie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $79,500 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,051 |
| Total Revenue | $115,551 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $88,727 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,187 |
| Total expenses | $108,414 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,084 |
| Other assets | $0 |
| Total assets | $79,084 |
| Total liabilities | $8,077 |
| Net assets or fund balances | $71,007 |