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Nonprofiteer
← GREAT BEND ECONOMIC DEVELOPMENT INC

Form 990 for tax year 2023

Filed by GREAT BEND ECONOMIC DEVELOPMENT INC.

Totals

Total revenue
$791,841
Total expenses
$474,675
Contributions and grants received
$784,331
Grants paid
$0
Program service revenue
$0
Investment income
$7,510
Other revenue
$0
Total assets, end of year
$1,166,819
Total liabilities, end of year
$287,024
Net assets or fund balances, end of year
$879,795
Program services expenses (Part IX)
$471,405
Management and general expenses
$3,270
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 99.3% 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.

  • 1e · Government grants (contributions)

    $600,000

  • 1f · All other contributions, gifts and grants

    $184,331

  • 3 · Investment income

    total $7,510 · related or exempt $7,510

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $182,733 · program services $182,733

  • 9 · Other employee benefits

    total $8,807 · program services $8,807

  • 11c · Fees: accounting

    total $3,270 · management and general $3,270

  • 11g · Fees: other

    total $13,322 · program services $13,322

  • 12 · Advertising and promotion

    total $73,719 · program services $73,719

  • 13 · Office expenses

    total $9,213 · program services $9,213

  • 16 · Occupancy

    total $1,202 · program services $1,202

  • 17 · Travel

    total $7,475 · program services $7,475

  • 22 · Depreciation, depletion and amortization

    total $4,170 · program services $4,170

  • 23 · Insurance

    total $5,492 · program services $5,492

  • 24a · Other expenses: INCENTIVES

    total $82,378 · program services $82,378

  • 24b · Other expenses: DOWNTOWN REVITILAZATIO

    total $46,683 · program services $46,683

  • 24c · Other expenses: ENTREPRENEURSHIP PROGRAM

    total $38,361 · program services $38,361

  • 24d · Other expenses: GB ALIVE

    total $54 · program services $54

  • 24e · All other expenses

    total -$2,204 · program services -$2,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $643,587 · end of year $332,757

  • 2 · Savings and temporary cash investments

    beginning of year $142,645 · end of year $443,670

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

    $407,217

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

    $16,825

  • 10c · Land, buildings and equipment, net

    beginning of year $385,755 · end of year $390,392

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,613 · end of year $12,674

  • 18 · Grants payable

    beginning of year $603,745 · end of year $274,350

  • 27 · Net assets without donor restrictions

    beginning of year $145,537 · end of year $879,795

  • 28 · Net assets with donor restrictions

    beginning of year $417,092

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED TO PROMOTE AND SUPPORT ECONOMIC DEVELOPMENT FOR THE BENEFIT OF ALL CITIZENS OF GREAT BEND, KS AND THE SURROUNDING AREA. TO RECRUIT AND RETIAN INDUSTRIAL, RETAIL AND OTHER BUSINESSES TO GREAT BEND, KS AND SURROUNDING AREA. TO ENCOURAGE AND SUPPORT ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT IN GREAT BEND, KS AND THE SURROUNDING AREA. TO CREATE AND UTILIZE ECONOMIC METRICS AND INDICATORS. TO CONDUCT RELATED ECONOMIC DEVELOPMENT AND TO CONDUCT MARKETING, FOSTERING COMMUNICATION WITH TARGETED BUSINESSES AND INDUSTRIES.

  • THE CORPORATION IS ORGANIZED TO PROMOTE AND SUPPORT ECONOMIC DEVELOPMENT FOR THE BENEFIT OF ALL CITIZENS OF GREAT BEND, KS AND THE SURROUNDING AREA. TO RECRUIT AND RETIAN INDUSTRIAL, RETAIL AND OTHER BUSINESSES TO GREAT BEND, KS AND SURROUNDING AREA. TO ENCOURAGE AND SUPPORT ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT IN GREAT BEND, KS AND THE SURROUNDING AREA. TO CREATE AND UTILIZE ECONOMIC METRICS AND INDICATORS. TO CONDUCT RELATED ECONOMIC DEVELOPMENT AND TO CONDUCT MARKETING, FOSTERING COMMUNICATION WITH TARGETED BUSINESSES AND INDUSTRIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ryan Fairchild

    VICE CHAIR

    Total calculated
    $0

  • Shawn Hutchinson

    BOARD MEMBER

    Total calculated
    $0

  • Dennis Neeland

    SECRETARY

    Total calculated
    $0

  • Paul Snapp

    CHAIR

    Total calculated
    $0

  • Kevyn Soupiset

    BOARD MEMBER

    Total calculated
    $0

  • Meleesa Stueder

    BOARD MEMBER

    Total calculated
    $0

  • John Worden

    TREASURER

    Total calculated
    $0

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
2023
Filed
9 February 2024
IRS schema version
2023v5.0
Source object
202440969349300814

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