Clarinda Economic Development Corporation
- Assets
- $389.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clarinda, IA
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 42-1526149
Organization Overview
Clarinda Economic Development Corporation is located in Clarinda, IA. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Clarinda 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 06/2022, Clarinda Economic Development Corporation generated $172.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $112.0k during the year ending 06/2022. While expenses have increased by 12.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
ORGANIZATION CONTINUES TO ASSIST AND RECRUIT BUSINESSES WITH EXPANSION AND RELOCATION TO CLARINDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy B Mcqueen Executive Director | 40 | $72,525 | |
Katie Purdy Director | 1 | $0 | |
Jeff Mccall Director | 1 | $0 | |
Jon Baier President | 2 | $0 | |
Steve Weis Director | 1 | $0 | |
Troy Hanni Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,885 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,669 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,554 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $84,006 |
| Professional fees and other payments to independent contractors | $2,465 |
| Occupancy, rent, utilities, and maintenance | $660 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,833 |
| Total expenses | $111,964 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $282,044 |
| Other assets | $0 |
| Total assets | $389,118 |
| Total liabilities | $53,835 |
| Net assets or fund balances | $335,283 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clarinda Economic Development Corporation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Clarinda Youth Corporation Clarinda, IA PURPOSE: COMMUNITY RELATIONS | $15,000 |
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Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |