Economic Growth Group Inc
- Assets
- $383.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, IN
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 35-1521309
Organization Overview
Economic Growth Group Inc is located in Richmond, IN. The organization was established in 1982. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Economic Growth Group 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, Economic Growth Group Inc generated $21.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $134.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
CONTINUED INVOLVEMENT IN ECONOMIC DEVELOPMENT CORPORATION - AN ORGANIZATION DESIGNED FOR COMMUNITY DEVELOPMENT AND GROWTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Lingle President | 1 | $0 | |
Kevin Ahaus Vice President | 1 | $0 | |
J Scott Porter Member | 1 | $0 | |
Joe Chamness Member | 1 | $0 | |
Mike Cramer Member | 1 | $0 | |
Lee Elzemeyer Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,700 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,198 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,364 |
| Total Revenue | $21,262 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $895 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,551 |
| Total expenses | $134,800 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $336,521 |
| Other assets | $0 |
| Total assets | $383,944 |
| Total liabilities | $85,350 |
| Net assets or fund balances | $298,594 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic Growth Group Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Quigg Fund Inc Culver, IN PURPOSE: COMMUNITY SERVICE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |