Lafayette Development Corporation
- Assets
- $200.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Darlington, WI
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 39-1938556
Organization Overview
Lafayette Development Corporation is located in Darlington, WI. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Lafayette Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Lafayette Development Corporation generated $85.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $70.3k during the year ending 12/2023. 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
PROMOTE ECONOMIC DEVELOPMENT IN A RURAL AND FINANCIALLY DISTRESSED SOUTHWEST WISCONSIN AGRICULTURAL COMMUNITY IN LAFAYETTE COUNTY WISCONSIN THROUGH INTERNET WEBSITE AND PRINTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vern Jackson President | 5 | $0 | |
Mike Mcdermott Vice President | 5 | $0 | |
Scott Cruse Treasurer | 5 | $0 | |
Allison Taylor Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $77,830 |
| Membership dues | $0 |
| Investment income | $7,744 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,574 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,173 |
| Professional fees and other payments to independent contractors | $3,050 |
| Occupancy, rent, utilities, and maintenance | $129 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,990 |
| Total expenses | $70,342 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,345 |
| Other assets | $0 |
| Total assets | $200,345 |
| Total liabilities | $0 |
| Net assets or fund balances | $200,345 |