Falls City Economic Development Andgrowth Enterprise Inc is located in Falls City, NE. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Falls City Economic Development Andgrowth Enterprise Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falls City Economic Development Andgrowth Enterprise Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Falls City Economic Development Andgrowth Enterprise Inc generated $519.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $338.0k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lucas Froeschl Executive Di | Officer | 40 | $52,314 |
Rod Rowland President | Officer | 5 | $0 |
Ray Joy Vice Preside | Officer | 5 | $0 |
Dana Rathje Executive Co | Trustee | 5 | $0 |
Shawna Bindle Director | Trustee | 1 | $0 |
Bart Keller Executive Co | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $213,800 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $19,868 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $233,668 |
Total Program Service Revenue | $0 |
Investment income | $4 |
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 | $519,784 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $74,004 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,585 |
Information technology | $1,319 |
Royalties | $0 |
Occupancy | $5,974 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,159 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,694 |
All other expenses | $4,670 |
Total functional expenses | $337,964 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $438,037 |
Savings and temporary cash investments | $82,671 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $110,079 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $594,595 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,225,382 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $50,200 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $521,384 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $571,584 |
Net assets without donor restrictions | $653,798 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,225,382 |
Over the last fiscal year, Falls City Economic Development Andgrowth Enterprise Inc has awarded $34,408 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
FAST GLOBAL SOLUTIONS PURPOSE: ASSET MODERNIZATION | $15,000 |
VANTEC INC PURPOSE: ASSET MODERNIZATION | $13,432 |
FALLS CITY FOODS LLC PURPOSE: ASSET MODERNIZATION | $5,976 |
Over the last fiscal year, we have identified 1 grants that Falls City Economic Development Andgrowth Enterprise Inc has recieved totaling $13,750.
Awarding Organization | Amount |
---|---|
Richardson Foundation Inc Falls City, NE PURPOSE: PROMOTE LOCAL BUSINE | $13,750 |
Organization Name | Assets | Revenue |
---|---|---|
Dairy Promotion Inc Kansas City, KS | $585,537 | $75,669,129 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |