Plymouth Economic Development Corporation
- Assets
- $120.6k
- Revenue
- $953.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, IN
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 35-1779664
Organization Overview
Plymouth Economic Development Corporation is located in Plymouth, IN. The organization was established in 2015. 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. Plymouth Economic Development Corporation 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, Plymouth Economic Development Corporation generated $953.0 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 (32.8%) each year. All expenses for the organization totaled $7.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Davis President | 0 | $0 | |
Sarah Smith Secretary | 0 | $0 | |
Marc Morrison Treasurer | 0 | $0 | |
J Michael Miley Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $953 |
| Total Revenue | $953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $12 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $7,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,316 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $56,304 |
| Total assets | $120,620 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Plymouth Economic Development Corporation has awarded $45,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
THE ZONE OF MARSHALL COUNTY PURPOSE: CIVIC | $2,500 |
JANA'S GYMNASTICS PURPOSE: CIVIC | $2,500 |
THE FRENCH PRESS COFFEE CO PURPOSE: CIVIC | $2,500 |
QUICK'S LANES PURPOSE: CIVIC | $2,500 |
YOLANDA'S BAR AND GRILLE PURPOSE: CIVIC | $2,500 |
LA D'ZERT CAFE PURPOSE: CIVIC | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Elevate Ventures Inc Indianapolis, IN | $13,635,821 | $6,541,390 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |