St Charles County Economic
- Assets
- $1.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- St Charles, MO
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 43-1545618
Organization Overview
St Charles County Economic is located in St Charles, MO. The organization was established in 1991. 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. As of 12/2021, St Charles County Economic employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Charles County Economic 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 12/2021, St Charles County Economic generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP BUILD A STRONGER, THRIVING, AND SELF-SUPPORTING ECONOMY FOR ST. CHARLES COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTER SBA LOAN PROGRAM WHICH PROVIDES FINANCING TO SMALL BUSINESSES THROUGHOUT MISSOURI AND ILLINOIS.
THE COUNCIL FACILITATES THE DEVELOPMENT OF NEW BUSINESS AND THE RETENTION OF EXISTING BUSINESSES TO CREATE JOBS AND INCREASE THE ST. CHARLES COUNTY TAX BASE AND WEALTH THAT WILL IMPROVE THE QUALITY OF LIFE.
RECRUITMENT SITE SELECTION RESOURCES- WORKS IN PARTNERSHIP WITH LOCAL GOVERNMENT, COMMUNITY AND BUSINESS LEADERS, AND OTHER REGIONAL ORGANIZATIONS IN THE PURSUIT TO RECRUIT AND/OR RETAIN LOCAL COMPANIES AND STIMULATE INTEREST IN NEW BUSINESS GROWTH IN ST. CHARLES COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Drachnik CEO | Officer | 32 | $156,926 |
Craig Frahm CFO | Officer | 10 | $118,211 |
Keith Schneider Vice Chair | OfficerTrustee | 0.8 | $0 |
Larry Dobrosky Secretary | OfficerTrustee | 0.5 | $0 |
Linda Luera-Sanchez Chair | OfficerTrustee | 0.8 | $0 |
Dan Fitter Treasurer | OfficerTrustee | 0.9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $265,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,831 |
| Total Program Service Revenue | $1,064,029 |
| Investment income | $1,252 |
| 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 | $1,783,664 |
| 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. | $204,812 |
| Compensation of current officers, directors, key employees. | $24,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,189 |
| Payroll taxes | $60,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,772 |
| Fees for services: Accounting | $12,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $127,483 |
| Office expenses | $34,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,911 |
| Travel | $4,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,831 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,999 |
| Insurance | $155,244 |
| All other expenses | $5,363 |
| Total functional expenses | $1,735,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,239,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $325,855 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,380 |
| Net Land, buildings, and equipment | $34,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,617 |
| Total assets | $1,684,696 |
| Accounts payable and accrued expenses | $149,380 |
| Grants payable | $0 |
| Deferred revenue | $318,021 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $617,401 |
| Net assets without donor restrictions | $1,067,295 |
| 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 | $1,684,696 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Charles County Economic has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Bjc Health System St Louis, MO PURPOSE: SUPPORT A STRONGER, THRIVING AND SELF SUPPORTING ECONOMY FOR ST CHARLES COMMUNITY. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
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 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |