Great River Economic Development Foundation

Organization Overview

Great River Economic Development Foundation is located in Quincy, IL. The organization was established in 1979. 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. As of 12/2021, Great River Economic Development Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great River Economic Development Foundation 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 12/2021, Great River Economic Development Foundation generated $459.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $416.6k during the year ending 12/2021. 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

PROMOTE ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

GREDF PROMOTES ECONOMIC DEVELOPMENT IN THE QUINCY COMMUNITY AND PROVIDES PROFESSIONAL ASSISTANCE TO BUSINESSES WISHING TO LOCATE IN THE QUINCY AREA.


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
Marcel Wagner Jr
President
$105,350
Eric Barnes
Treasurer
$0
Mike Elbe
Board Chair
$0
Payne Schoen
Vice Chair
$0
Melanie Allen
Director
$0
Katie Awerkamp
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $154,200
All other contributions, gifts, grants, and similar amounts not included above$922
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$155,122
Total Program Service Revenue$186,775
Investment income $46,174
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $31,493
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $459,817

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Great River Economic Development Foundation has recieved totaling $23,000.

Awarding OrganizationAmount
Blessing Hospital

Quincy, IL

PURPOSE: GENERAL SUPPORT

$23,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or