Grand Island Area Economic Development Corporation

Organization Overview

Grand Island Area Economic Development Corporation is located in Grand Island, NE. The organization was established in 1957. 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 12/2021, Grand Island Area Economic Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Island Area 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 12/2021, Grand Island Area Economic Development Corporation generated $828.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $490.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FURTHER GENERAL BUSINESS INTEREST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECRUITING OF POTENTIAL INDUSTRIAL ENTITIES AND AIDING IN THE EXPANSION OF EXISTING INDUSTRIAL COMPANIES.


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Board, Officers & Key Employees

Name (title)Compensation
Dave Taylor
President
$155,069
Will Armstrong
Vice-Chairma
$0
Bruce Lux
Secretary/tr
$0
Matt Maser
Chairman
$0
Krisha Dolton
Trustee
$0
Jack Henry
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$108,800
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$391,565
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$500,365
Total Program Service Revenue$0
Investment income $7,481
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $77,882
Net Gain/Loss on Asset Sales $242,453
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $828,181

Grants Awarded

Over the last fiscal year, Grand Island Area Economic Development Corporation has awarded $221,000 in support to 3 organizations.

Grant RecipientAmount

HENDRIX GENETICS

PURPOSE: FOSTER ECONOMIC GROWTH IN CENTRAL NEBRASKA

$150,000

GRAND ISLAND LIVESTOCK COMPLEX AUTHORITY

Org PageRecipient Profile

Grand Island, NE

PURPOSE: FOSTER ECONOMIC GROWTH IN CENTRAL NEBRASKA

$50,000

CENTAL NEBRASKA GROWTH FOUNDATION

Org PageRecipient Profile

Grand Island, NE

PURPOSE: FOSTER ECONOMIC GROWTH IN CENTRAL NEBRASKA

$21,000
View Grant Profile

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