Totals
- Total revenue
- $56,839
- Total expenses
- $28,483
- Contributions and grants received
- $36,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $86
- Other revenue
- $20,753
- Total assets, end of year
- $579,898
- Total liabilities, end of year
- $5,000
- Net assets or fund balances, end of year
- $574,898
- Program services expenses (Part IX)
- $28,483
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $28,483
Program services were 100.0% 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)
$36,000
-
3 · Investment income
total $86 · related or exempt $86
-
6a · Gross rents
real property $25,000
-
6b · Less rental expenses
real property $4,247
-
6c · Rental income or loss
real property $20,753
-
6d · Net rental income or loss
total $20,753 · related or exempt $20,753
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $655 · program services $655
-
13 · Office expenses
total $58 · program services $58
-
19 · Conferences, conventions and meetings
total $417 · program services $417
-
20 · Interest
total $813 · program services $813
-
22 · Depreciation, depletion and amortization
total $15,583 · program services $15,583
-
23 · Insurance
total $4,367 · program services $4,367
-
24a · Other expenses: LICENSE
total $25 · program services $25
-
24b · Other expenses: PROPERTY TAXES
total $6,453 · program services $6,453
-
24c · Other expenses: OPERATING SUPPLIES
total $100 · program services $100
-
24d · Other expenses: BANK FEES
total $12 · program services $12
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,983 · end of year $33,654
-
2 · Savings and temporary cash investments
beginning of year $108,234 · end of year $97,673
-
10a · Land, buildings and equipment: cost or other basis
$638,316
-
10b · Land, buildings and equipment: accumulated depreciation
$189,745
-
10c · Land, buildings and equipment, net
beginning of year $464,154 · end of year $448,571
-
17 · Accounts payable and accrued expenses
beginning of year $2,000 · end of year $5,000
-
23 · Secured mortgages and notes payable
beginning of year $30,829
-
27 · Net assets without donor restrictions
beginning of year $546,542 · end of year $574,898
Mission and programs · 2022
Mission
ENCOURAGE AND ASSIST ECONOMIC GROWTH AND ASSIST THE INDUSTRIAL, COMMMERCIAL, AND ECONOMIC DEVELOPMENT OF THE CITY AND AREA. PURCHASE, LEASE, OR HIRE & DEAL IN REAL AND PERSONAL PROPERTY OF THE SAME NATURE
-
ENCOURAGE AND ASSIST THE INDUSTRIAL, COMMERICAL, AND ECONOMIC DEVELOPMENT OF THE CITY AND AREA. PURCHASE, LEASE, OR HIRE AND DEAL IN REAL AND PERSONAL PROPERTY OF THE SAME NATURE
Expenses $28,483
As filed on the 2022 return.
Listed in Part VII
-
Ken SchweigerKEN SCHWEIGER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Lisa Wallin KapinusLISA WALLIN KAPINUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle FarrellMICHELLE FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary BoughtonGARY BOUGHTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Raymond SaintRAYMOND SAINT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael ReynoldsMICHAEL REYNOLDS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ramona KordRAMONA KORD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
De Anne ChappellDE ANNE CHAPPELL
TREASURER
- 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
- 10 March 2023
- IRS schema version
- 2022v4.1
- Source object
- 202340699349301524
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