Greene County Economic Development Corporation
- Assets
- $265.4k
- Revenue
- $155.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Bloomfield, IN
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 35-1813282
Organization Overview
Greene County Economic Development Corporation is located in Bloomfield, IN. The organization was established in 2010. 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. As of 12/2021, Greene County Economic Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greene County 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 12/2021, Greene County Economic Development Corporation generated $155.8k 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 (3.8%) each year. All expenses for the organization totaled $168.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE AND HELP BUSINESS ENTITIES LOCATED IN GREENE COUNTY, INDIANA AND TO AIDIN HELPING BUSINESSES EMPLOY UNEMPLOYED AND UNDEREMPLOYED PERSONS IN GREENE COUNTY, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Myers Vice-President | OfficerTrustee | 2 | $0 |
Joshua Riggins Secretary | OfficerTrustee | 2 | $0 |
Katie Stout Treasurer | OfficerTrustee | 5 | $0 |
Tom Mcintosh President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,350 |
| Fundraising events | $5,463 |
| Related organizations | $0 |
| Government grants | $132,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,743 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,823 |
| Pension plan accruals and contributions | $2,766 |
| Other employee benefits | $13,438 |
| Payroll taxes | $8,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $618 |
| Fees for services: Accounting | $2,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200 |
| Advertising and promotion | $1,160 |
| Office expenses | $13,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,500 |
| Travel | $2,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340 |
| Insurance | $5,246 |
| All other expenses | $0 |
| Total functional expenses | $168,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,358 |
| Savings and temporary cash investments | $17,100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $127,650 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $265,417 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $848 |
| Total liabilities | $848 |
| Net assets without donor restrictions | $264,569 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $265,417 |
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