Totals
- Total revenue
- $1,864,067
- Total expenses
- $124,590
- Contributions and grants received
- $1,837,002
- Grants paid
- $0
- Program service revenue
- $18,532
- Investment income
- $6,533
- Other revenue
- $2,000
- Total assets, end of year
- $3,139,458
- Total liabilities, end of year
- $3,873
- Net assets or fund balances, end of year
- $3,135,585
- Program services expenses (Part IX)
- $105,527
- Management and general expenses
- $19,063
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,812,002
-
1f · All other contributions, gifts and grants
$25,000
-
2a · Program service revenue: LAND RENTAL
total $18,532 · related or exempt $18,532
-
3 · Investment income
total $6,533 · related or exempt $6,533
-
11a · Other revenue: OTHER INCOME
total $2,000 · related or exempt $2,000
-
11e · Other revenue, total
$2,000
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $16,513 · management and general $16,513
-
11c · Fees: accounting
total $500 · management and general $500
-
11g · Fees: other
total $56,030 · program services $56,030
-
13 · Office expenses
total $50 · management and general $50
-
22 · Depreciation, depletion and amortization
total $82 · program services $82
-
23 · Insurance
total $2,000 · management and general $2,000
-
24a · Other expenses: INCENTIVE EXPENSE
total $44,815 · program services $44,815
-
24b · Other expenses: HID TAXES
total $4,480 · program services $4,480
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $120 · program services $120
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $219,328 · end of year $471,162
-
4 · Accounts receivable
beginning of year $7,283 · end of year $9,178
-
10a · Land, buildings and equipment: cost or other basis
$2,681,056
-
10b · Land, buildings and equipment: accumulated depreciation
$21,938
-
10c · Land, buildings and equipment, net
beginning of year $1,173,951 · end of year $2,659,118
-
17 · Accounts payable and accrued expenses
beginning of year $4,454 · end of year $3,873
-
31 · Retained earnings, endowment or other funds
beginning of year $1,396,108 · end of year $3,135,585
Mission and programs · 2024
Mission
GROWTH'S PURPOSE IS TO PROMOTE THE BUSINESS ECONOMY AND INDUSTRIAL DEVELOPMENT FOR THE CITY OF HUTCHINSON, KANSAS AND THE SURROUNDING AREA.
Activities or mission (Part I)
GROWTH INC'S PURPOSE IS THE PROMOTE THE BUSINESS ECONOMY AND INDUSTRIAL DEVELOPMENT FOR THE CITY OF HUTCHINSON, KS AND THE SURROUNDING AREA. IT RECEIVES ITS FUNDING FROM THE CITY OF HUTCHINSON AND CITY OF SOUTH HUTCHINSON IN 2024. IN 2024, GROWTH INC RECEIVED A GRANT FOR 2,000,000 FROM THE KANSAS DEPARTMENT OF COMMERCE TO USE FOR K96 CORRIDOR INDUSTRIAL COMPLEX DEVELOPMENT.
-
GROWTH INC RECEIVED A GRANT FROM THE KANSAS DEPARTMENT OF COMMERCE TO USE K96 CORRIDOR INDUSTRIAL COMPLEX DEVELOPMENT.
As filed on the 2024 return.
Listed in Part VII
-
Debra TeufelDEBRA TEUFEL
PRESIDENT/CE
- Total calculated
- $221,906
- From this org
- $0
- From related orgs
- $215,906
- Other
- $6,000
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $161,617 related
- Bonus
- not reported + $54,289 related
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $6,000 related
- Filer's total
- not reported + $221,906 related
-
Nick BaldettiNICK BALDETTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lori BowerLORI BOWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah FankhauserSARAH FANKHAUSER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea FinlayANDREA FINLAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob HansonROB HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett HenryBRETT HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Troy HuttonTROY HUTTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Dawn JohnsonDR DAWN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe OntjesJOE ONTJES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michele PittsMICHELE PITTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah RodriguezSARAH RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SchulzBRYAN SCHULZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave SoteloDAVE SOTELO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey ThiessenLINDSEY THIESSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janeishka VenegasJANEISHKA VENEGAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
HUTCHINSON RENO COUNTY CHAMBER OF C
501C6 · CHAMBER · KS
-
DOWNTOWN HUTCHINSON REVITALIZATION
501C6 · PROMOTE · KS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513169349303926
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