Form 990 for tax year 2022
Filed by SPENCER-OWEN COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $221,264
- Total expenses
- $247,176
- Contributions and grants received
- $134,705
- Grants paid
- $0
- Program service revenue
- $73,679
- Investment income
- $385
- Other revenue
- $12,495
- Total assets, end of year
- $348,169
- Total liabilities, end of year
- $28,770
- Net assets or fund balances, end of year
- $319,399
- Program services expenses (Part IX)
- $243,598
- Management and general expenses
- $0
- Fundraising expenses
- $3,578
- Program service expenses (Part III)
- $243,598
Program services were 98.6% 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.
-
1f · All other contributions, gifts and grants
$134,705
-
2a · Program service revenue: SPONSORSHIPS
total $44,000 · related or exempt $44,000
-
2b · Program service revenue: CHAMBER MEMBERSHIP DUES
total $26,240 · related or exempt $26,240
-
2c · Program service revenue: EVENT REVENUE
total $3,439 · related or exempt $3,439
-
3 · Investment income
total $385 · excluded $385
-
8a · Fundraising events: gross income
$28,908
-
8b · Fundraising events: direct expenses
$16,413
-
8c · Net income from fundraising events
total $12,495
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $116,640 · program services $116,640
-
9 · Other employee benefits
total $5,898 · program services $5,898
-
10 · Payroll taxes
total $8,923 · program services $8,923
-
11b · Fees: legal
total $875 · program services $875
-
11c · Fees: accounting
total $4,045 · program services $4,045
-
12 · Advertising and promotion
total $6,135 · program services $6,135
-
13 · Office expenses
total $14,873 · program services $11,302 · fundraising $3,571
-
14 · Information technology
total $4,487 · program services $4,487
-
15 · Royalties
total $7 · fundraising $7
-
16 · Occupancy
total $13,665 · program services $13,665
-
17 · Travel
total $10,490 · program services $10,490
-
19 · Conferences, conventions and meetings
total $4,697 · program services $4,697
-
22 · Depreciation, depletion and amortization
total $1,517 · program services $1,517
-
23 · Insurance
total $3,237 · program services $3,237
-
24a · Other expenses: COMMUNITY DEVELOPMENT
total $34,544 · program services $34,544
-
24b · Other expenses: COGS
total $9,577 · program services $9,577
-
24c · Other expenses: OUTSIDE SERVICES
total $2,985 · program services $2,985
-
24d · Other expenses: SCHOLARSHIPS
total $2,060 · program services $2,060
-
24e · All other expenses
total $2,521 · program services $2,521
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $300,573 · end of year $279,497
-
2 · Savings and temporary cash investments
beginning of year $30,161 · end of year $30,244
-
4 · Accounts receivable
beginning of year $33,687 · end of year $32,640
-
7 · Other notes and loans receivable
beginning of year $5,834 · end of year $2,113
-
10a · Land, buildings and equipment: cost or other basis
$25,531
-
10b · Land, buildings and equipment: accumulated depreciation
$21,856
-
10c · Land, buildings and equipment, net
beginning of year $5,192 · end of year $3,675
-
17 · Accounts payable and accrued expenses
end of year $419
-
19 · Deferred revenue
beginning of year $25,000 · end of year $25,000
-
25 · Other liabilities
beginning of year $2,671 · end of year $3,351
-
27 · Net assets without donor restrictions
beginning of year $347,776 · end of year $319,399
Mission and programs · 2022
Mission
PROMOTE ECONOMIC DEVELOPMENT AND STIMULATE BUSINESS WITHIN THE COMMUNITY.
-
TO STIMULATE BUSINESS, CONTINUE TO INCREASE THE VALUE OF THE MEMBERSHIP, AND TO CREATE MORE OPPORTUNITIES FOR ECONOMIC GROWTH WITHIN THE COMMUNITY.
Expenses $233,762 · Revenue $73,679
-
TO STIMULATE BUSINESS, CONTINUE TO INCREASE THE VALUE OF THE MEMBERSHIP, AND TO CREATE MORE OPPORTUNITIES FOR ECONOMIC GROWTH WITHIN THE COMMUNITY.
Expenses $9,836
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kim HodgesKIM HODGES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Danielle ConnerDANIELLE CONNER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Todd GardnerTODD GARDNER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lori AbrellLORI ABRELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Heather KeithHEATHER KEITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Grant MinnemeyerGRANT MINNEMEYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marcus RobinsonMARCUS ROBINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bruce HamlinBRUCE HAMLIN
EDC CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nicole PlunkettNICOLE PLUNKETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rick BurgerRICK BURGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andy ClineANDY CLINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason KinneyJASON KINNEY
BOARD MEMBER
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341239349302034
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