Arthur Area Economic Development Corporation
- Assets
- $158.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arthur, IL
- Founding
- 09/2009
- Data as of
- 04/2024
- EIN
- 27-0221957
Organization Overview
Arthur Area Economic Development Corporation is located in Arthur, IL. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arthur Area Economic Development Corporation 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 04/2024, Arthur Area Economic Development Corporation generated $78.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $64.8k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Huffman Member | 0 | $0 | |
Scott Seegmiller Member | 0 | $0 | |
Kenneth Crossman President | 0 | $0 | |
James Aikman Member | 0 | $0 | |
Nick Binion Member | 0 | $0 | |
Dawn Boddy Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,177 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,698 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,875 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,754 |
| Professional fees and other payments to independent contractors | $2,826 |
| Occupancy, rent, utilities, and maintenance | $5,330 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,849 |
| Total expenses | $64,759 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,444 |
| Other assets | $0 |
| Total assets | $158,237 |
| Total liabilities | $664 |
| Net assets or fund balances | $157,573 |