Morrison Area Development Corporation

Organization Overview

Morrison Area Development Corporation is located in Morrison, IL. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Morrison Area 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 12/2019, Morrison Area Development Corporation generated $78.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $63.8k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.

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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$44,550
Investment income $484
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$21,165
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,055

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