Ecia Business Growth Inc
- Assets
- $5.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Dubuque, IA
- Founding
- 08/1984
- Data as of
- 06/2021
- EIN
- 42-1207483
Organization Overview
Ecia Business Growth Inc is located in Dubuque, IA. The organization was established in 1984. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Ecia Business Growth 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 06/2021, Ecia Business Growth Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $568.1k during the year ending 06/2021. While expenses have increased by 9.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROCESS LOAN APPLICATIONS AND TO MAKE SUBORDINATED LOANS TO ELIGIBLE BUSINESSES THROUGH SBA AND VARIOUS REVOLVING LOAN FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROCESS LOAN APPLICATIONS FOR ELIGIBLE BUSINESSES AND MAKE LOANS UNDER THE SBA AND VARIOUS REVOLVING LOAN PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hein Chair | OfficerTrustee | $0 | |
Vacant Vice-Chair | OfficerTrustee | $0 | |
Kelley Deutmeyer Secretary | Officer | $0 | |
Lisa Weinhold Treasurer | Officer | $0 | |
Linda Beck Director | Trustee | $0 | |
Donna Boss Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,856,480 |
| Investment income | $780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,857,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $361,406 |
| Fees for services: Legal | $26,155 |
| Fees for services: Accounting | $3,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,601 |
| Advertising and promotion | $604 |
| Office expenses | $14,215 |
| Information technology | $5,692 |
| Royalties | $0 |
| Occupancy | $9,306 |
| Travel | $1,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,951 |
| Interest | $6,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,750 |
| All other expenses | $9,858 |
| Total functional expenses | $568,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,738 |
| Savings and temporary cash investments | $863,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,168,108 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,249,513 |
| Accounts payable and accrued expenses | $70,801 |
| Grants payable | $0 |
| Deferred revenue | $39,980 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,340,403 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,895 |
| Total liabilities | $1,571,079 |
| Net assets without donor restrictions | $137,824 |
| Net assets with donor restrictions | $3,540,610 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,249,513 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ecia Business Growth Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Dubuque Initiatives Dubuque, IA PURPOSE: TO DEVELOP A LOAN PROGRAM FOR DOWNTOWN BUSINESSES NEGATIVELY IMPACTED BY CITY CONSTRUCTION PROJECTS | $100,000 |
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