Stafford County Economic Development Inc
- Assets
- $4.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- St John, KS
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 45-3261720
Organization Overview
Stafford County Economic Development Inc is located in St John, KS. The organization was established in 2013. 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, Stafford County Economic Development Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stafford County Economic Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Stafford County Economic Development Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $401.8k during the year ending 12/2021. While expenses have increased by 16.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE SOLELY AND EXCLUSIVELY AS A CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL ORGANIZATION AS DESIGNATED WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS AND GRANTS TO ORGANIZATION THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF A GROCERY STORE IN ST. JOHN TO PROVIDE THE LOCAL COMMUNITY AND SURROUNDING AREA WITH A GROCERY STORE THAT IS AFFORDABLE AND CONVENIENT TO THE CITIZENS OF STAFFORD COUNTY.
ADMINISTER HOUSING PROGRAMS TO ADVANCE THE AVAILABILITY OF HOUSING THAT IS AFFORDABLE FOR LOW AND MODERATE INCOME POPULATION. MANAGE THREE RENTAL HOUSING UNITS. ADMINISTER AND MONITOR THE IMPLEMENTATION OF THE MODERATE INCOME HOUSING PROGRAM INCENTIVE FOR STAFFORD COUNTY, WHICH IS USED TO INCENTIVIZE PRIVATE-OWNED DEVELOPMENT OF WORKFORCE HOUSING.
ACQUIRED AND COMPLETED A BUILDING FOR USE AS A BUSINESS INCUBATOR TO PROVIDE READILY AVAILABLE SPACE TO START A BUSINESS, AND TO PROVIDE EDUCATION AND SUPPORT SERVICES TO ENTREPRENEURS.
VARIETY OF OTHER PROGRAM SERVICES THAT ARE A DIRECT BENEFIT TO STAFFORD COUNTY ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Dunn Ex Director | Officer | 40 | $55,000 |
Kathleen Norman Ex Director | Officer | 40 | $36,500 |
Tyler Axman Secretary | OfficerTrustee | 1 | $0 |
Alex Vosburgh President | OfficerTrustee | 1 | $0 |
Jamie Kreutzer Treasurer | OfficerTrustee | 1 | $0 |
Jeff Barney Vice Preside | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ja Knight Sons Inc Construction | 12/30/18 | $2,771,470 |
Whites Kingco Construction | 12/30/18 | $622,977 |
Marick Wichita Llc Construction | 12/30/18 | $170,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $256,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $666,178 |
| Noncash contributions included in lines 1a–1f | $81,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $922,781 |
| Total Program Service Revenue | $234,375 |
| Investment income | $851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,157,793 |
| 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. | $91,500 |
| Compensation of current officers, directors, key employees. | $30,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,600 |
| Pension plan accruals and contributions | $2,763 |
| Other employee benefits | $4,908 |
| Payroll taxes | $7,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,858 |
| Office expenses | $1,169 |
| Information technology | $6,159 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,398 |
| Interest | $50,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,286 |
| Insurance | $9,211 |
| All other expenses | $13,903 |
| Total functional expenses | $401,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,371 |
| Savings and temporary cash investments | $189,720 |
| 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 | $39,536 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,606,078 |
| Investments—publicly traded securities | $28,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,925,873 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,998,872 |
| Unsecured mortgages and notes payable | $39,031 |
| Other liabilities | $7,973 |
| Total liabilities | $2,045,876 |
| Net assets without donor restrictions | $2,493,957 |
| Net assets with donor restrictions | $386,040 |
| 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 | $4,925,873 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Stafford County Economic Development Inc has recieved totaling $125,010.
| Awarding Organization | Amount |
|---|---|
Sunderland Foundation Overland Park, KS PURPOSE: CONSTRUCT AFFORDABLE HOUSING | $100,000 |
Kansas Health Foundation Wichita, KS PURPOSE: Utilize three AmeriCorps VISTA positions to meet low-income residents where they are and connect them to resources, identify obstacles to health care access and employment barriers and better inform citizens and local policymakers on actions needed to bridge those gaps in Stafford County. | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |
Entrepreneur Startup Business Development Corporation St Louis, MO | $30,546,182 | $5,633,965 |