County Of Mono Economic Development Corporation

Organization Overview

County Of Mono Economic Development Corporation is located in Bridgeport, CA. The organization was established in 2002. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. County Of Mono Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, County Of Mono Economic Development Corporation generated $1.1m in total revenue. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 91.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO RENDER FINANCIAL ASSISTANCE TO MONO COUNTY BY FINANCING, REFINANCING, ACQUIRING, CONSTRUCTING, IMPROVING, LEASING, SELLING, OR OTHERWISE CONVEYING PUBLIC IMPROVEMENTS AND PROPERTY OF ANY KIND, THROUGH THE ISSUANCE OF CERTIFICATES OF PARTICIPATION OR SIMILAR SECURITY ARRANGEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NON-OPERATING LEASE INTEREST EXPENSE OF $1,115,053. NON-OPERATING LEASE INTEREST REVENUE OF $1,115,053. COLLECTED ANNUAL PAYMENTS ON DIRECT FINANCING LEASE FROM MONO COUNTY AND MADE DEBT SERVICE PAYMENTS ON THE UNDERLYING OBLIGATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,115,053

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