Lebanon Regional Economic Development Incorporated
- Assets
- $79.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lebanon, MO
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3359054
Organization Overview
Lebanon Regional Economic Development Incorporated is located in Lebanon, MO. The organization was established in 2011. 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. Lebanon Regional Economic Development Incorporated 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, Lebanon Regional Economic Development Incorporated generated $121.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $119.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS FORMED TO PROMOTE ECONOMICDEVELOPMENT IN THE LEBANON MISSOURI AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Thompson President | 40 | $81,510 | |
Nicki Gamet Director | 0 | $0 | |
Dalton Wright Director | 0 | $0 | |
David Schmitz Director | 0 | $0 | |
John Carr Director | 0 | $0 | |
Cary Charles Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,525 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $197 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,295 |
| Total Revenue | $121,017 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $92,923 |
| Professional fees and other payments to independent contractors | $414 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $832 |
| Other expenses | $25,404 |
| Total expenses | $119,573 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,723 |
| Other assets | $0 |
| Total assets | $79,723 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,723 |
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