Underwood Area Economic Development Corporation
- Assets
- $22.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Underwood, ND
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 45-0421611
Organization Overview
Underwood Area Economic Development Corporation is located in Underwood, ND. The organization was established in 2009. 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. Underwood Area Economic Development Corporation 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 12/2023, Underwood Area Economic Development Corporation generated $352.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (44.7%) each year. All expenses for the organization totaled $1.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
ND DEPT OF COMMERCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary Johnson President | 1 | $0 | |
Diane Schell Treasurersecretary | 1 | $0 | |
David Kapanke Director | 1 | $0 | |
Joe Laduke Director | 1 | $0 | |
Steve Werre Director | 1 | $0 | |
Patti Werre Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $352 |
| Total Revenue | $352 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,697 |
| Total expenses | $1,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,292 |
| Other assets | $0 |
| Total assets | $22,448 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,448 |