Huron County Development Council
- Assets
- $236.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Norwalk, OH
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 34-1537256
Organization Overview
Huron County Development Council is located in Norwalk, OH. The organization was established in 1993. 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. As of 12/2021, Huron County Development Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huron County Development Council 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, Huron County Development Council generated $161.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $123.8k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
STRENTHEN EXISTING INDUSTRIAL OPEARTIONS, ASSIST WITH DEVELOPMENT OF NEW INDUSTRIAL OPERATIONS, AND ASSIST WITH EXPANSION AND RETENTION OF EXISTING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Knapp Executive Director | 40 | $0 | |
William Bader President | 2 | $0 | |
Craig Trick Secretary | 2 | $0 | |
Tom Gray Treasurer | 2 | $0 | |
Anthony Luedy Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,619 |
| Total Program Service Revenue | $75,000 |
| Membership dues | $15,938 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,201 |
| Total Revenue | $161,774 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $104,095 |
| Professional fees and other payments to independent contractors | $8,894 |
| Occupancy, rent, utilities, and maintenance | $939 |
| Printing, publications, postage, and shipping | $6,483 |
| Other expenses | $3,411 |
| Total expenses | $123,822 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $236,626 |
| Other assets | $0 |
| Total assets | $236,934 |
| Total liabilities | $2,232 |
| Net assets or fund balances | $234,702 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Huron County Development Council has recieved totaling $24.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |