Economic Development Corporation Of Lawrence And Douglas County is located in Lawrence, KS. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Corporation Of Lawrence And Douglas County 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 03/2022, Economic Development Corporation Of Lawrence And Douglas County generated $256.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $458.2k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE ECONOMIC GROWTH IN THE DOUGLAS COUNTY KANSAS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STIMULATE ECONOMIC GROWTH IN THE DOUGLAS COUNTY KANSAS AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marilyn Bittenbender Chair | OfficerTrustee | 0.1 | $0 |
Joe Flannery Vice Chair | OfficerTrustee | 0.1 | $0 |
Steve Kelly Secretary | OfficerTrustee | 0.2 | $0 |
Bradley Burnside Treasurer | OfficerTrustee | 0.4 | $0 |
Adam Courtney Director | Trustee | 0.1 | $0 |
Jason Hoover Director | Trustee | 0.1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $256,167 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $256,167 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $256,167 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $15,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,720 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $150,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $47 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $980 |
Insurance | $1,000 |
All other expenses | $0 |
Total functional expenses | $458,247 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $131,770 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,308,400 |
Accounts receivable, net | $31,900 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $8,819 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,480,890 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,435,634 |
Total liabilities | $2,435,634 |
Net assets without donor restrictions | $45,256 |
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 | $2,480,890 |
Over the last fiscal year, Economic Development Corporation Of Lawrence And Douglas County has awarded $204,475 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
EAST HILLS BUSINESS PARK PURPOSE: CASH TRANSFER | $194,475 |
Lawrence, KS PURPOSE: General Contribution | $10,000 |
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 |