Merrill Area Development Corporation
- Assets
- $367.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Merrill, WI
- Founding
- 12/1957
- Data as of
- 07/2022
- EIN
- 39-6081116
Organization Overview
Merrill Area Development Corporation is located in Merrill, WI. The organization was established in 1957. 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. Merrill Area 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 07/2022, Merrill Area Development Corporation generated $4.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.4% each year . All expenses for the organization totaled $46.9k during the year ending 07/2022. 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 Mission:
Part 3 - Line 1
MERRILL AREA DEVELOPMENT CORPORATION PROMOTES ECONOMIC DEVELOPMENT IN MERRILL, WI AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3
LINCOLN COUNTY ECONOMIC DEVELOPMENT AUTHORITY PROMOTES DEVELOPMENT IN LINCOLN COUNTY WHICH IS THE COUNTY WHERE THE CITY OF MERRILL IS LOCATED.
MERRILL AREA DEVELOPMENT CORPORATION MAINTENACE COST RELATED TO INDUSTRIAL PARK. CITY OF MERRILL CONTRIBUTES CAPITAL INTO MADC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Maule Director | 0 | $0 | |
Tim Zimmerman Director | 0 | $0 | |
Mike Neuman Director | 0 | $0 | |
Kent Johnson Director | 0 | $0 | |
Doug Williams Vice President | 0 | $0 | |
Pete Lokemoen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,200 |
| Membership dues | $0 |
| Investment income | $812 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,012 |
| 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 | $28,548 |
| Occupancy, rent, utilities, and maintenance | $1,701 |
| Printing, publications, postage, and shipping | $22 |
| Other expenses | $16,640 |
| Total expenses | $46,911 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $367,421 |
| Other assets | $0 |
| Total assets | $367,421 |
| Total liabilities | $0 |
| Net assets or fund balances | $367,421 |
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