Morehouse Economic Development Corporation
- Assets
- $175.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Bastrop, LA
- Founding
- 04/1985
- Data as of
- 09/2023
- EIN
- 58-1602245
Organization Overview
Morehouse Economic Development Corporation is located in Bastrop, LA. The organization was established in 1985. 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 09/2023, Morehouse Economic Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morehouse 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 09/2023, Morehouse Economic Development Corporation generated $77.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $65.8k during the year ending 09/2023. 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
ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay W King Executive Direc | 40 | $37,800 | |
Pudden Young Director | 0 | $0 | |
Loe Dunn Director | 0 | $0 | |
Mario Bershell Director | 0 | $0 | |
Allen Spires Jr Director | 0 | $0 | |
Robert Green Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,278 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $144 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,422 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,800 |
| Professional fees and other payments to independent contractors | $1,575 |
| Occupancy, rent, utilities, and maintenance | $1,831 |
| Printing, publications, postage, and shipping | $917 |
| Other expenses | $23,630 |
| Total expenses | $65,753 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,212 |
| Other assets | $0 |
| Total assets | $175,566 |
| Total liabilities | $0 |
| Net assets or fund balances | $175,566 |