Iron County Resource Development Association Inc
- Assets
- $378.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hurley, WI
- Founding
- 08/1967
- Data as of
- 12/2023
- EIN
- 39-1040414
Organization Overview
Iron County Resource Development Association Inc is located in Hurley, WI. The organization was established in 1967. 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. Iron County Resource Development Association Inc 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 12/2023, Iron County Resource Development Association Inc generated $471.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (45.2%) each year. All expenses for the organization totaled $18.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
PURCHASED AND IMPROVED AN INDUSTRIAL PARKCONSISTING OF 470 ACRES OF LAND. DEVELOPED INTERNET COVERAGE.CONSTRUCTED BUILDINGS FOR SALE/LEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Reinerio Board Member | 1 | $0 | |
Donn Rowe Board Member | 1 | $0 | |
Larry Erickson Vice President | 1 | $0 | |
Michael Zacharias Board Member | 1 | $0 | |
Ray Corullo Board Member | 1 | $0 | |
Thomas Davis Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $471 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $471 |
| 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 | $6,975 |
| Occupancy, rent, utilities, and maintenance | $11,446 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $18,421 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,105 |
| Other assets | $0 |
| Total assets | $378,630 |
| Total liabilities | $8,890 |
| Net assets or fund balances | $369,740 |
Grants Awarded
Over the last fiscal year, Iron County Resource Development Association Inc has awarded $31,447 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HURLEY PURPOSE: LAND DEVELOPMENT | $15,104 |
GOGEBIC RANGENET PURPOSE: EQUIPMENT | $16,343 |