Madison County Future Inc
- Assets
- $209.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- London, OH
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 30-0591175
Organization Overview
Madison County Future Inc is located in London, OH. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Madison County Future Inc 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, Madison County Future Inc generated $129.2k 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 (20.2%) each year. All expenses for the organization totaled $139.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.0%) 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
TO ASSIST IN COUNTY JOB CREATION, SMALL BUSINESS COUNSELING, LARGE EMPLOYER RETENTION, DEVELOPING PROJECT LEADS, SEEKING COUNTY DEVELOPMENT INVESTMENT AND DEVELOPING NEW PUBLIC INFRASTRUCTURE AND INFRASTRUCTURE IMPROVEMENTS.
TO ASSIST IN COUNTY JOB CREATION, SMALL BUSINESS COUNSELING, LARGE EMPLOYER RETENTION, DEVELOPING PROJECT LEADS, SEEKING COUNTY DEVELOPMENT INVESTMENT AND DEVELOPING NEW PUBLIC INFRASTRUCTURE AND INFRASTRUCTURE IMPROVEMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kell Executive Di | 32 | $73,890 | |
Mark Bennett President | 1 | $0 | |
Kevin Wood Treasurer | 1 | $0 | |
Patrick Closser Secretary | 1 | $0 | |
Mark Forrest Vice Preside | 1 | $0 | |
Marci Darlington Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,104 |
| Total Program Service Revenue | $29,106 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,229 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,357 |
| Professional fees and other payments to independent contractors | $7,400 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,628 |
| Total expenses | $139,385 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $209,462 |
| Other assets | $0 |
| Total assets | $209,462 |
| Total liabilities | $165,764 |
| Net assets or fund balances | $43,698 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison County Future Inc has recieved totaling $2,525.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $2,525 |
Peer Organizations
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|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |