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Nonprofiteer
← SOUTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT INC

Form 990 for tax year 2022

Filed by SOUTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT INC.

Totals

Total revenue
$1,193,737
Total expenses
$1,210,284
Contributions and grants received
$875,980
Grants paid
$0
Program service revenue
$242,405
Investment income
$75,352
Other revenue
$0
Total assets, end of year
$5,324,604
Total liabilities, end of year
$33,210
Net assets or fund balances, end of year
$5,291,394
Program services expenses (Part IX)
$1,154,565
Management and general expenses
$55,719
Fundraising expenses
$0
Program service expenses (Part III)
$1,154,565

Program services were 95.4% 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.

  • 1b · Membership dues

    $65,000

  • 1e · Government grants (contributions)

    $324,666

  • 1f · All other contributions, gifts and grants

    $486,314

  • 2a · Program service revenue: GRANT ADMINISTRATION

    total $168,045 · related or exempt $168,045

  • 2b · Program service revenue: CONTRACT INCOME

    total $65,820 · related or exempt $65,820

  • 2c · Program service revenue: SURVEY INCOME

    total $6,500 · related or exempt $6,500

  • 2d · Program service revenue: PROGRAM SERVICE REVENUE

    total $2,040 · related or exempt $2,040

  • 3 · Investment income

    total $40,493 · excluded $40,493

  • 7a · Gross sales of assets other than inventory

    securities $3,483,937 · other assets $362,000

  • 7b · Less cost or other basis and sales expenses

    securities $3,490,682 · other assets $320,396

  • 7c · Gain or loss

    securities -$6,745 · other assets $41,604

  • 7d · Net gain or loss

    total $34,859 · related or exempt $34,859

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $373,727 · program services $346,590 · management and general $27,137

  • 9 · Other employee benefits

    total $14,819 · program services $13,731 · management and general $1,088

  • 10 · Payroll taxes

    total $28,510 · program services $26,417 · management and general $2,093

  • 11b · Fees: legal

    total $1,071 · management and general $1,071

  • 11c · Fees: accounting

    total $4,565 · management and general $4,565

  • 11g · Fees: other

    total $3,820 · program services $3,820

  • 12 · Advertising and promotion

    total $1,504 · program services $1,504

  • 13 · Office expenses

    total $10,745 · program services $10,745

  • 16 · Occupancy

    total $9,600 · program services $8,267 · management and general $1,333

  • 17 · Travel

    total $7,039 · program services $7,039

  • 19 · Conferences, conventions and meetings

    total $28,999 · program services $28,999

  • 22 · Depreciation, depletion and amortization

    total $4,808 · program services $4,808

  • 23 · Insurance

    total $7,995 · management and general $7,995

  • 24a · Other expenses: COMMUNITY CATALYST EXPENS

    total $607,225 · program services $607,225

  • 24b · Other expenses: LANDLORD ASSISTANCE EXPEN

    total $47,161 · program services $47,161

  • 24c · Other expenses: CONTRACT LABOR

    total $27,860 · program services $27,860

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $10,206 · management and general $10,206

  • 24e · All other expenses

    total $20,630 · program services $20,399 · management and general $231

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,467,743 · end of year $3,523,574

  • 4 · Accounts receivable

    beginning of year $8,350 · end of year $1,768

  • 7 · Other notes and loans receivable

    beginning of year $759,269 · end of year $1,207,896

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,623 · end of year $6,718

  • 10a · Land, buildings and equipment: cost or other basis

    $55,067

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,581

  • 10c · Land, buildings and equipment, net

    beginning of year $16,507 · end of year $13,486

  • 11 · Investments: publicly traded securities

    beginning of year $3,176,169 · end of year $571,162

  • 15 · Other assets

    beginning of year $110,122

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,826 · end of year $23,624

  • 21 · Escrow or custodial account liability

    beginning of year $9,685 · end of year $9,586

  • 27 · Net assets without donor restrictions

    beginning of year $1,500,137 · end of year $1,558,051

  • 28 · Net assets with donor restrictions

    beginning of year $4,015,135 · end of year $3,733,343

Mission and programs · 2022

Mission

TO DEVELOP AND PROMOTE A POSITIVE ECONOMIC CLIMATE WHICH SUPPORTS REGIONAL GROWTH.

  • TO DEVELOP AND PROMOTE A POSITIVE ECONOMIC CLIMATE WHICH SUPPORTS REGIONAL GROWTH.

    Expenses $1,154,565 · Revenue $242,405

As filed on the 2022 return.

Listed in Part VII

  • SHARON HUEFTLE

    EXECUTIVE DI

    Total calculated
    $99,780
    From this org
    $99,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • TRICIA ALLEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARB BARNETT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARY BERLIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA BERTHELSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARNI DANHAUER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDWARD DEXTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEITH DUBAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAQUEL FELZIEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LINDA GLAUSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY HIGGINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GENE HORNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID MUSSMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOE PATTERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THERESA PULS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • NICOLE SABELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN SCHLUNTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SWANSON

    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
28 July 2023
IRS schema version
2022v5.0
Source object
202342159349300934

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