Industrial Development Corp Of Louisville
- Assets
- $204.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, GA
- Founding
- 04/1966
- Data as of
- 12/2023
- EIN
- 58-6049758
Organization Overview
Industrial Development Corp Of Louisville is located in Louisville, GA. The organization was established in 1966. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Development Corp Of Louisville 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 12/2023, Industrial Development Corp Of Louisville generated $4.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $4.0k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZATION CREATED TO ENCOURAGE MANUFACTURING AND OTHER SUPPORT INDUSTRIES TO LOCATE IN LOUISVILLE, GEORGIA. BUILDINGS AND LOANS ARE AVAILABLE TO ACHIEVE THESE OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W F Easterlin III President | 0 | $0 | |
Larry Hodges Secr./treas. | 0 | $0 | |
Eugene Smith Director | 0 | $0 | |
Emory Bargeron Jr Vice President | 0 | $0 | |
John R Murphy III Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,253 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,753 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,435 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,538 |
| Total expenses | $3,973 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $203,654 |
| Other assets | $0 |
| Total assets | $204,395 |
| Total liabilities | $40,200 |
| Net assets or fund balances | $164,195 |