Henry County Economic Development Partnership
- Assets
- $20.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, IL
- Founding
- 05/1995
- Data as of
- 11/2023
- EIN
- 37-1305321
Organization Overview
Henry County Economic Development Partnership is located in Cambridge, IL. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry County Economic Development Partnership 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 11/2023, Henry County Economic Development Partnership generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $1.3k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
THE HENRY COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP IS TOCOORDINATE AND PROVIDE PROACTIVE LEADERSHIP TO STIMULATELOCAL ECONOMIC GROWTH BY ASSISTING GOVERNMENTS AND LOCAL BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Bollinger Treasurer | 2 | $0 | |
Jim Kelly Exec Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $140 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,188 |
| Total expenses | $1,328 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,425 |
| Other assets | $0 |
| Total assets | $20,425 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,425 |