Appanoose Economic Development Corp
- Assets
- $0.0
- Revenue
- $90.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Centerville, IA
- Founding
- 01/1987
- Data as of
- 12/2020
- EIN
- 42-1285797
Organization Overview
Appanoose Economic Development Corp is located in Centerville, IA. The organization was established in 1987. 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. Appanoose Economic Development Corp 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 12/2020, Appanoose Economic Development Corp generated $90.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $588.6k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN QUALITY JOB CREATION THAT WILL SERVE TO INCREASE BOTH THE ECONOMIC VITALITY OF THE AREA AND THE QUALITY OF LIFE ENJOYED BY THE RESIDENCE OF THE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
-ASSISTED LOCAL BUSINESSES WITH EXPANSION PLANS. -PROMOTED APPANOOSE COUNTY AND ITS RESOURCES TO BUISNESES LOOKING TO EXPAND. -RECOGNZED LOCAL BUSINESSES FOR THEIR CONTRIBUTIONS TO THE COMMUNITY.
-ASSISTED LOCAL BUSINESSES WITH EXPANSION PLANS. -PROMOTED APPANOOSE COUNTY AND ITS RESOURCES TO BUISNESES LOOKING TO EXPAND. -RECOGNZED LOCAL BUSINESSES FOR THEIR CONTRIBUTIONS TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Dillard Secretary | OfficerTrustee | 1 | $0 |
Rod Glosser President | OfficerTrustee | 1 | $0 |
Brett Mihalovich Treasurer | OfficerTrustee | 1 | $0 |
Noel Gorden Vice Preside | OfficerTrustee | 1 | $0 |
Ed Cox Director | Trustee | 0.5 | $0 |
Tom Rubel Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,387 |
| Total Program Service Revenue | $0 |
| Investment income | $24,759 |
| 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 | $90,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $567,893 |
| 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 | $42 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,863 |
| Advertising and promotion | $1,500 |
| Office expenses | $0 |
| Information technology | $6,000 |
| Royalties | $0 |
| Occupancy | $345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $487 |
| All other expenses | $0 |
| Total functional expenses | $588,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Appanoose Economic Development Corp has awarded $567,893 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Centerville, IA PURPOSE: MERGER | $557,893 |
INDIAN HILLS COMMUNITY COLLEGE PURPOSE: TECHNOLOGY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Appanoose Economic Development Corp has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Appanoose Industrial Corporation Centerville, IA PURPOSE: DIRECTOR'S WAGES | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |