Tuscola Economic Development Inc
- Assets
- $81.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tuscola, IL
- Founding
- 01/1997
- Data as of
- 06/2023
- EIN
- 37-1295590
Organization Overview
Tuscola Economic Development Inc is located in Tuscola, IL. The organization was established in 1997. 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. Tuscola Economic Development Inc 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 06/2023, Tuscola Economic Development Inc generated $148.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $129.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Hoel Secretary | 0 | $0 | |
Dale Boyer President | 0 | $0 | |
Gary Alexander Director | 0 | $0 | |
Brian Moody Executive Di | 0 | $76,481 | |
Chad Hausman Director | 0 | $0 | |
Cory Kleiss Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,139 |
| Total Program Service Revenue | $34,000 |
| Membership dues | $0 |
| Investment income | $477 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,616 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $113,474 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,145 |
| Total expenses | $129,119 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,908 |
| Other assets | $0 |
| Total assets | $81,142 |
| Total liabilities | $0 |
| Net assets or fund balances | $81,142 |