Kane Area Industrial Development Corp

Organization Overview

Kane Area Industrial Development Corp, operating under the name Kaidc, is located in Kane, PA. The organization was established in 1989. 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. Kaidc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2023, Kaidc generated $71.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $59.4k during the year ending 12/2023. 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

LEVELS AND PROVIDE FOR FUTURE GROWTH.TO ASSIST IN THE RECRUITMENT OF NEW BUSINESS AND INDUSTRY AND TO WORK WITH EXISTING BUSINESS AND INDUSTRY TO RETAIN PRESENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE A VEHICLE FOR COOPERATIVE PROJECTS, INTERCHANGE OF IDEAS, INTERCOMMUNITY COOPERATION, INTERCHANGE OF INDUSTRIAL INFORMATION FOR THE ECONOMICAL DEVELOPMENT AND BETTERMENT OF THE AREA SERVED.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Tunall
President
$0
Crystal Kocjancic
Vice President
$0
Susan Zook Wilson
Secretary
$0
Steve Perry
Treasurer
$0
Ed Kocjancic
Board Member
$0
Tom Kase
Board Member
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $9,583
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $45,536
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 $71,618

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