Community And Economic Development Associates is located in Chatfield, MN. The organization was established in 1987. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Community And Economic Development Associates employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community And Economic Development Associates 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 12/2021, Community And Economic Development Associates generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 12.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PEOPLE AND COMMUNITIES IN RURAL AREAS CONTROL THEIR OWN ECONOMIC DESTINIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES REHABILITATION GRANT ASSISTANCE AND BUSINESS AND ECONOMIC DEVELOPMENT ASSISTANCE TO 40 COMMUNITIES AND 7 COUNTIES. IT ASSISTED IN APPLICATIONS FOR GRANTS AND LOANS FOR LOCAL BUSINESSES AND GOVERNMENT INFRASTRUCTURE, AND COORDINATED VARIOUS COOPERATIVE EFFORTS BETWEEN COMMUNITIES AND BUSINESSES WITHIN MINNESOTA, IOWA, AND WISCONSIN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ron Zeigler Exectuive Director | Officer | 40 | $133,155 |
Gary Gooder Former Secretary | OfficerTrustee | 1 | $0 |
Larry Anderson Former Vice-Chair | OfficerTrustee | 1 | $0 |
Ryan Mccarville Secretary | OfficerTrustee | 1 | $0 |
Michael P Tuohy Chair | OfficerTrustee | 1 | $0 |
Brian Krambeer Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $114,475 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $114,475 |
Total Program Service Revenue | $2,231,893 |
Investment income | $9,475 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $18,256 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,830,781 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $152,476 |
Compensation of current officers, directors, key employees. | $15,247 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,789,062 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $310,734 |
Payroll taxes | $0 |
Fees for services: Management | $22,626 |
Fees for services: Legal | $382 |
Fees for services: Accounting | $21,521 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4,510 |
Information technology | $18,955 |
Royalties | $0 |
Occupancy | $28,662 |
Travel | $33,255 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,690 |
Insurance | $24,148 |
All other expenses | $6,090 |
Total functional expenses | $2,493,723 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,279,049 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $73,345 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $86,843 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $13,081 |
Net Land, buildings, and equipment | $38,949 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $166,734 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,658,001 |
Accounts payable and accrued expenses | $53,350 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $50,420 |
Other liabilities | $23,765 |
Total liabilities | $127,535 |
Net assets without donor restrictions | $1,363,732 |
Net assets with donor restrictions | $166,734 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,658,001 |
Over the last fiscal year, we have identified 3 grants that Community And Economic Development Associates has recieved totaling $245,000.
Awarding Organization | Amount |
---|---|
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $145,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $50,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Western Dairyland Economic Opportunity Council Incorporated Independence, WI | $9,371,395 | $17,670,947 |
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
North Central Planning Council Devils Lake, ND | $2,034,561 | $1,088,900 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |
Big Ideas Inc New Ulm, MN | $77,922 | $540,880 |
North Dakota Farmers Union Foundation Jamestown, ND | $258,278 | $297,826 |
Griggs-Steele Empowerment Zone Inc Finley, ND | $5,018,876 | $162,623 |