Jesup Economic Development Foundation
- Assets
- $446.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jesup, IA
- Founding
- 11/1986
- Data as of
- 01/2024
- EIN
- 42-1268254
Organization Overview
Jesup Economic Development Foundation is located in Jesup, IA. The organization was established in 1986. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Jesup 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 01/2024, Jesup Economic Development Foundation generated $10.6k 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 (26.0%) each year. All expenses for the organization totaled $103.0k during the year ending 01/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
PROMOTION OF ECONOMIC DEVELOPMENT ACTIVITY IN THE JESUP, IA. AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Rohlfsen President | 0 | $0 | |
Marsha Mcglaughlin Secretary | 0 | $0 | |
Don Weber Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,006 |
| Investment income | $9,566 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,572 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $38 |
| Other expenses | $1,988 |
| Total expenses | $103,026 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $435,505 |
| Other assets | $0 |
| Total assets | $446,369 |
| Total liabilities | $0 |
| Net assets or fund balances | $446,369 |