Totals
- Total revenue
- $228,390
- Total expenses
- $22,584
- Contributions and grants received
- $228,390
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $311,577
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $311,577
- Program services expenses (Part IX)
- $19,484
- Management and general expenses
- $3,100
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $19,484
Program services were 86.3% 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
$228,390
Functional expenses
Part IX, the statement of functional expenses.
-
13 · Office expenses
total $200 · management and general $200
-
14 · Information technology
total $951 · program services $951
-
24a · Other expenses: CONTRIBUTION TO VCDC
total $17,755 · program services $17,755
-
24b · Other expenses: BAD DEBT
total $2,900 · management and general $2,900
-
24c · Other expenses: PROGRAM EXPENSES
total $778 · program services $778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $51,000 · end of year $45,506
-
4 · Accounts receivable
beginning of year $17,100 · end of year $228,400
-
10a · Land, buildings and equipment: cost or other basis
$37,671
-
10c · Land, buildings and equipment, net
beginning of year $37,671 · end of year $37,671
-
27 · Net assets without donor restrictions
beginning of year $105,771 · end of year $311,577
Mission and programs · 2024
Mission
TO PROMOTE ECONOMIC GROWTH FOR THE CITY OF VERMILLION
-
WORK TOWARDS THE ORGANIZATIONS COMMUNITY BETTERMENT AND ECONOMIC DEVELOPMENT GOALS OF SUSTAINABLE BUSINESS DEVELOPMENT AND GREATER COMMUNITY AWARENESS THROUGH ITS PROGRAMS AND ECONOMIC DEVELOPMENT INITIATIVES
Expenses $19,484
As filed on the 2024 return.
Listed in Part VII
-
Dan KentonDAN KENTON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shelby QuailSHELBY QUAIL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam ChandlerADAM CHANDLER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle DavisonMICHELLE DAVISON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nick OyenNICK OYEN
BOARD CHAIR
- 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
- 2024
- Filed
- 22 April 2025
- IRS schema version
- 2024v5.0
- Source object
- 202541129349300834
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