Johnston Economic Development Corp
- Assets
- $60.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, IA
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 42-1334645
Organization Overview
Johnston Economic Development Corp is located in Johnston, IA. The organization was established in 1995. 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. Johnston Economic Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Johnston Economic Development Corp generated $51.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $26.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3
DEVELOP AND MAINTAIN WEBSITE TO ASSIST IN INFORMING THE PUBLIC, DEVELOPERS AND BUSINESSES OF CURRENT ACTIVITIES. WORK WITH DEVELOPERS AND BUSINESSES TO ATTRACT NEW COMMERCIAL DEVELOPMENT, ASSIST WITH ZONING AND EDUCATE BUSINESSES REGARDING TIF. SPONSOR THE ANNUAL MEETING - MEETING OF THE JOHNSTON ECONOMIC DEVELOPMENT CORPORATION COUPLED WITH A NETWORKING RECEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Melling Director | 0 | $0 | |
John Ryan Director | 0.25 | $0 | |
Katie Lord Director | 0.25 | $0 | |
Mike Bonnett Director | 0.25 | $0 | |
Tom Foldes Director | 0.25 | $0 | |
Brian Erickson Secretary/tr | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,099 |
| Total Program Service Revenue | $1,675 |
| Membership dues | $0 |
| Investment income | $86 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,860 |
| 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 | $16,992 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,249 |
| Total expenses | $26,241 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,181 |
| Other assets | $0 |
| Total assets | $60,181 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |