Greater Kokomo Economic Development Alliance Inc

Organization Overview

Greater Kokomo Economic Development Alliance Inc is located in Kokomo, IN. The organization was established in 1984. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Greater Kokomo Economic Development Alliance Inc 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 12/2021, Greater Kokomo Economic Development Alliance Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 2.6% 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

ALIGN,LINK, AND LEVERAGE RESOURCES TO BUILD COMMUNITY PROSPERITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENTLEADERSHIP AND COLLABORATION OF INITIATIVES THAT LEAD TO COMMUNITY ECONOMIC PROSPERITY. FACILITATE ECONOMIC GROWTH OF THE COMMUNITY THROUGH THE ATTRACTION OF JOBS, INVESTMENT, VISITORS, AND RESIDENTS. DEVELOP, RETAIN, AND ATTRACT TALENT TO ENHANCE THE COMUNNITY. FOSTER AN ENTREPRENEURIAL CULTURE AND PROVIDE INFRASTRUCTIRE FOR INNOVATORS TO CREATE AND GROW BUSINESS ENTERPRISES. PROMOTE AND SUPPORT EFFORTS TO DRIVE INVESTMENT IN QUALITY ASSETS AND ACTIVITIES TO BENEFIT CURRENT AND FUTURE EMPLOYERS AND RESIDENTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Charlie Sparks
President & CEO
$124,556
Joe Hooper
Chair
$0
Paul Wyman
Secretary
$0
Cary Mawbey
Treasurer
$0
Robb Blume
Vice Chair
$0
Susan Sciame-Giesecke
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Benchmark Mechanical
Building Repairs/improvements
$244,828
Hearn Construction
Building Repairs/improvements
$2,012,738
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,726,571
All other contributions, gifts, grants, and similar amounts not included above$122,631
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,849,202
Total Program Service Revenue$66,871
Investment income $1,041
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $498,182
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $21,330
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,502,144

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Greater Kokomo Economic Development Alliance Inc has recieved totaling $1,774,899.

Awarding OrganizationAmount
Kokomo Community Development Corporation

Kokomo, IN

PURPOSE: PURCHASE LAND FOR INDUSTRIAL PARK FOR KOKOMO, INDIANA

$1,771,949
Nisource Charitable Foundation

Columbus, OH

PURPOSE: CORPORATE DONATION

$2,950
View Grant Recipient Profile

Create an account to unlock the data you need.

or