Park Falls Area Community Development Corporation is located in Park Falls, WI. The organization was established in 1998. 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. As of 12/2021, Park Falls Area Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Falls Area Community 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, Park Falls Area Community Development Corporation generated $70.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $64.1k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3
AREA BUSINESS DEVELOPMENT BY ALLOCATING GRANT AND LOAN FUNDS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jerome Pritzl President | OfficerTrustee | 2 | $0 |
Jim Braun Secretary | OfficerTrustee | 1 | $0 |
Rick Svehla Director | Trustee | 1 | $0 |
Mike Bebeau Director | Trustee | 1 | $0 |
Sharon Schultz Director | Trustee | 1 | $0 |
Derek Wishowski Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
Total Program Service Revenue | $52,809 |
Membership dues | $0 |
Investment income | $12,652 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $2,750 |
Total Revenue | $70,211 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $47,900 |
Professional fees and other payments to independent contractors | $473 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $15,752 |
Total expenses | $64,125 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $142,950 |
Other assets | $0 |
Total assets | $325,888 |
Total liabilities | $230,340 |
Net assets or fund balances | $95,548 |
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