Wyandotte Economic Development Council Inc

Organization Overview

Wyandotte Economic Development Council Inc is located in Kansas City, KS. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Wyandotte Economic Development Council Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyandotte Economic Development Council Inc 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 12/2022, Wyandotte Economic Development Council Inc generated $971.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $908.1k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND STRENGTHEN WYANDOTTE COUNTY'S ECONOMY THROUGH INNOVATIVE APPROACHES TO PROGRAMS, PARTNERSHIPS, AND LEADERSHIP IN INDUSTRIAL, RESIDENTIAL, OFFICE, AND RETAIL MARKETS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS YEAR WYANDOTTE ECONOMIC DEVELOPMENT COUNCIL (WYEDC) PARTNERED WITH THE MID-AMERICA REGIONAL COUNCIL ON A ECONOMIC DEVELOPMENT ADMINISTRATION GRANT TO SUPPORT SMALL BUSINESSES THAT WERE MOST VULNERABLE BECAUSE OF THE ECONOMIC DOWNTURN AND EXPAND THE COUNTY'S SMALL BUSINESS ECOSYSTEM. THE PROGRAM TARGETS LOCAL, MINORITY, AND WOMAN-OWNED BUSINESSES TO ENGAGE IN WEBINARS, ROUNDTABLES, AND EVENTS TO INTRODUCE SMALL BUSINESS OWNERS TO RESOURCES ON THE LOCAL, REGIONAL, AND STATE LEVEL. THE EMPOWER WYCO FUND, CREATED IN COLLABORATION WITH NETWORK KANSAS TO INCREASE FUNDING IN SOCIALLY-DISADVANTAGED POPULATION, SAW APPROVED LOANS FOR 21 BUSINESSES TOTALING 304,000. LOAN FUNDS COULD BE USED FOR EQUIPMENT, INVENTORY, REPAIRS, BUILDING PURCHASE, INFRASTRUCTURE, REFINANCING EXISTING BUILDING DEBT, AND WORKING CAPITAL. WORKFORCE SOLUTIONS GROUP WORKED IN 2022 TO FINE-TUNE THE BUSINESS ESL PROGRAM. THE PROGRAM PROVIDED ON-SITE ESL TRAINING TO IMPROVE COMMUNICATION AND SAFTEY AND UPSKILL EMPLOYEES TO THREE BUSINESSES AND 45 EMPLOYEES.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory S Kindle
President
$202,000
Jeff Turk
Treasurer
$0
Valerie Mussett
Chair
$0
Tiffany Stovall
Secretary
$0
Greg Mosier
1st Vice Cha
$0
Chris Vaeth
Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $13,000
All other contributions, gifts, grants, and similar amounts not included above$17,884
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,884
Total Program Service Revenue$938,579
Investment income $847
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 $971,310

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wyandotte Economic Development Council Inc has recieved totaling $150,000.

Awarding OrganizationAmount
Mid-America Manufacturing Technology Center Inc

Lenexa, KS

PURPOSE: Programs to assist manufacturers resolve business impacting issues

$150,000
View Grant Recipient Profile

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