Lucas County Development Corp
- Assets
- $168.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chariton, IA
- Founding
- 06/1990
- Data as of
- 06/2019
- EIN
- 42-1350549
Organization Overview
Lucas County Development Corp is located in Chariton, IA. The organization was established in 1990. 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. Lucas County 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 06/2019, Lucas County Development Corp generated $40.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $73.1k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Meyer President/director | 1 | $0 | |
Donise Altenhofen Vice President/director | 0 | $0 | |
Karen Wilker Treasurer/director | 0 | $0 | |
Joe Sellers Secretary/director | 0 | $0 | |
Larry Achenbach Director | 0 | $0 | |
Jim Arnold Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,450 |
| Total Program Service Revenue | $2,000 |
| Membership dues | $0 |
| Investment income | $2,291 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,741 |
| 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 | $22,600 |
| Occupancy, rent, utilities, and maintenance | $155 |
| Printing, publications, postage, and shipping | $242 |
| Other expenses | $8,559 |
| Total expenses | $73,098 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,365 |
| Other assets | $0 |
| Total assets | $168,907 |
| Total liabilities | $0 |
| Net assets or fund balances | $168,907 |