Palestine Development Association
- Assets
- $180.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palestine, IL
- Founding
- 02/2001
- Data as of
- 06/2024
- EIN
- 37-1398957
Organization Overview
Palestine Development Association is located in Palestine, IL. The organization was established in 2001. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Palestine Development Association 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 06/2024, Palestine Development Association generated $65.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $133.4k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
PROMOTIONAL ACTIVITIES FOR COMMERCE & INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Mcgahey President | 3 | $0 | |
Larry Surrells V President | 1 | $0 | |
Sue Lockhart Secretary | 1 | $0 | |
Susan Goodwine Treasurer | 5 | $0 | |
Steve Mcgahey Director | 1 | $0 | |
Jim Kincaid Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,447 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,292 |
| Gain or Loss | -$93,609 |
| Net Income from Gaming & Fundraising | $2,086 |
| Other Revenue | $111 |
| Total Revenue | $65,327 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,631 |
| Total expenses | $133,359 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $176,488 |
| Other assets | $0 |
| Total assets | $180,218 |
| Total liabilities | $0 |
| Net assets or fund balances | $180,218 |