Eldora Industrial Development Corp

Organization Overview

Eldora Industrial Development Corp is located in Eldora, IA. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eldora Industrial Development Corp 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 12/2021, Eldora Industrial Development Corp generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.3%) each year. All expenses for the organization totaled $918.0 during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT. THE CORPORATION IS DEDICATED TO THE PROMOTION OF INDUSTRIAL AND ECONOMIC DEVELOPMENT WITHIN THE COMMUNITY OF ELDORA, IOWA. THE CORPORATION'S PURPOSE IS TO ASSIST IN ALLEVIATING ECONOMIC HARDSHIPS AND UNEMPLOYMENT IN THIS RURAL AREA, AS WELL AS COMBAT COMMUNITY DETERIORATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION PROMOTES COMMERCIAL AND INDUSTRIAL DEVELOPMENT AND RETENTION BY OWNING REAL ESTATE AND MAKING IT AVAILABLE FOR USE BY LOCAL BUSINESSES AND EMPLOYERS WHO MIGHT NOT OTHERWISE MAINTAIN OPERATIONS IN ELDORA WITHOUT INVOLVEMENT AND SUBSIDY BY THE CORPORATION.


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Board, Officers & Key Employees

Name (title)Compensation
David Rubow
Director & President
$0
Marc Anderson
Director & Treasurer
$0
David Vanderwilt
Director
$0
Leon Herndon
Director
$0
Steve Throssel
Director
$0
Maury Hyde
Director
$0

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$35
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$35
Total Program Service Revenue$0
Investment income $1,972
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 $2,007

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Eldora Industrial Development Corp has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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