Warren County Economic Development Corporation
- Assets
- $593.1k
- Revenue
- $239.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Indianola, IA
- Founding
- 05/1995
- Data as of
- 06/2023
- EIN
- 42-1393420
Organization Overview
Warren County Economic Development Corporation is located in Indianola, IA. The organization was established in 1995. 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. As of 06/2023, Warren County Economic Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warren County Economic Development Corporation 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 06/2023, Warren County Economic Development Corporation generated $239.8k 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 (4.2%) each year. All expenses for the organization totaled $229.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND RETAIN JOBS WHILE ENHANCING THE QUALITY OF LIFE IN WARREN COUNTY, ACCOMPLISHED FOREMOST BY STRENGTHENING AND SUPPORTING THE BUSINESS CLIMATE IN THE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARRY OUT ECONOMIC DEVELOPMENT ACTIVITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Walker Director | Trustee | 1 | $0 |
Jack Bohlender Director | Trustee | 1 | $0 |
Deven Markley Director | Trustee | 1 | $0 |
T M Franklin Cownie Director | Trustee | 1 | $0 |
Charlie Dissell Director | Trustee | 1 | $0 |
Brad Munford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $221,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,545 |
| Total Program Service Revenue | $0 |
| Investment income | $2,220 |
| 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 | $239,765 |
| 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 | $123,512 |
| Pension plan accruals and contributions | $2,485 |
| Other employee benefits | $8,951 |
| Payroll taxes | $9,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,428 |
| Office expenses | $0 |
| Information technology | $2,718 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,965 |
| 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 | $513 |
| Insurance | $3,570 |
| All other expenses | $7,072 |
| Total functional expenses | $229,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,799 |
| Savings and temporary cash investments | $192,741 |
| 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 | $73,695 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,101 |
| Accounts payable and accrued expenses | $4,026 |
| 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 | $4,026 |
| Net assets without donor restrictions | $589,075 |
| 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 | $593,101 |