Totals
- Total revenue
- $272,546
- Total expenses
- $217,513
- Contributions and grants received
- $268,418
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $4,128
- Other revenue
- $0
- Total assets, end of year
- $1,400,562
- Total liabilities, end of year
- $4,454
- Net assets or fund balances, end of year
- $1,396,108
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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)
$258,418
-
1f · All other contributions, gifts and grants
$10,000
-
3 · Investment income
total $4,128 · related or exempt $4,128
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $45,864
-
11c · Fees: accounting
total $510
-
11g · Fees: other
total $98,678
-
13 · Office expenses
total $77
-
22 · Depreciation, depletion and amortization
total $1,816
-
23 · Insurance
total $2,132
-
24a · Other expenses: Incentives Expense
total $66,185
-
24b · Other expenses: HID Taxes
total $2,251
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $290,091 · end of year $219,328
-
4 · Accounts receivable
end of year $7,283
-
10a · Land, buildings and equipment: cost or other basis
$1,195,806
-
10b · Land, buildings and equipment: accumulated depreciation
$21,855
-
10c · Land, buildings and equipment, net
beginning of year $1,051,977 · end of year $1,173,951
-
17 · Accounts payable and accrued expenses
beginning of year $993 · end of year $4,454
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,341,075 · end of year $1,396,108
Mission and programs · 2023
Mission
Commercial growth for Hutchinson and Reno County
Activities or mission (Part I)
Growth Inc.'s purpose is to promote the business economy and industrial development for the City of Hutchinson, Kansas and the surrounding area. It receives its funding from the City of Hutchinson. In 2022, Growth received a donation of $1,085,691 for the purchase of 500 acres of land with stipulations that the land is used for economic development within Reno County.
-
Purchase land for Industrial Park. Received donation on 1,085,691 to purchase 500 acres for Economic Development
As filed on the 2023 return.
Listed in Part VII
-
Joe Ontjes
Chair
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Sarah Fankhauser
Chair Elect
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Michele Pitts
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Nick Baldetti
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Dan Springer
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Niki Harvey
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Kevin Rule
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Rob Hanson
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Brett Henry
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Tony Hoover
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Dr Dawn Johnson
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Scott Meggers
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Andrea Finlay
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Bryan Schulz
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Dave Sotelo
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Brooke Stover
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Holly Thomas
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Janeishka Venegas
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Lori Bower
Director
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Debra Teufel
President/CEO
- Total calculated
- $217,782
- From this org
- $0
- From related orgs
- $211,782
- Other
- $6,000
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $175,463 related
- Bonus
- $0 + $36,319 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $6,000 related
- Filer's total
- $0 + $217,782 related
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 Commerce
501 (c)(6) · The Chamber of Commerce is the catalyst for Prosperous Business · KS
-
Downtown Hutchinson Revitalization Partnership
501 (c)(6) · Promote Activity in the Downtown Thru Events and Relibation of Historic · KS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349314093
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