Van Wert Area Economic Development Corporation
- Assets
- $405.4k
- Revenue
- $463.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Van Wert, OH
- Founding
- 05/2016
- Data as of
- 06/2023
- EIN
- 81-2588014
Organization Overview
Van Wert Area Economic Development Corporation is located in Van Wert, OH. The organization was established in 2016. 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. Van Wert Area Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schumm Trustee | 4 | $0 | |
Stacey Baer Trustee | 4 | $0 | |
Troy Miller Trustee | 4 | $0 | |
Vallace Hunt Trustee | 4 | $0 | |
Ken Markward Trustee | 4 | $0 | |
Mike Schuette Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $436,510 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,493 |
| Total Revenue | $463,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,891 |
| Other employee salaries and wages | $181,286 |
| Pension plans, employee benefits | $15,628 |
| Interest | $0 |
| Taxes | $19,190 |
| Depreciation | $0 |
| Occupancy | $21,852 |
| Travel, conferences, and meetings | $2,492 |
| Printing and publications | $3,402 |
| Other expenses | $49,573 |
| Total operating and administrative expenses | $404,264 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $404,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,353 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $20,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $405,353 |
| Accounts payable and accrued expenses | $2,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,380 |