Lincoln County Economic Development Corporation
- Assets
- $98.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Merrill, WI
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 39-1956307
Organization Overview
Lincoln County Economic Development Corporation is located in Merrill, WI. The organization was established in 2000. 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. Lincoln County Economic 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 12/2022, Lincoln County Economic Development Corporation generated $75.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $56.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE ECONOMIC DEVELOPMENT IN LINCOLIN COUNTY WI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Arndorfer Vice President | 0 | $0 | |
Gary Hartwig President | 0 | $0 | |
John Kopp Secretary Treas | 0 | $0 | |
Roger Schlegel Director | 0 | $0 | |
Ken Maule Executive Assis | 0 | $0 | |
Gregg Albert Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,750 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,787 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,798 |
| Professional fees and other payments to independent contractors | $1,660 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,786 |
| Total expenses | $56,244 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,156 |
| Other assets | $0 |
| Total assets | $98,156 |
| Total liabilities | $927 |
| Net assets or fund balances | $97,229 |
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|---|---|---|
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