Todd County Development Corporation
- Assets
- $181.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Long Prairie Mn, MN
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 41-1749726
Organization Overview
Todd County Development Corporation is located in Long Prairie Mn, MN. The organization was established in 2016. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. Todd County Development Corporation 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 12/2023, Todd County Development Corporation generated $129.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $147.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS DEVELOPMENT AND EDUCATION
Describe the Organization's Program Activity:
Part 3
PROVIDE DIVERSE COMMUNITU AND ECONOMIC DEVELOPMENT THROUGH EDUCATION,
PROVIDE LOAN TO TWO RIVERS TO INCREASE THEIR BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Utech Executive Director | 40 | $98,423 | |
Jim Lunemann Chairman | 5 | $0 | |
Victor Carlson Vice Chairman | 5 | $0 | |
Douglas Schmidt Treasurer | 5 | $0 | |
Melissa Wyman Secretary | 5 | $0 | |
Larry Dickson Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,000 |
| Total Program Service Revenue | $8,163 |
| Membership dues | $0 |
| Investment income | $118 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $14,880 |
| Total Revenue | $129,161 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $108,717 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $768 |
| Printing, publications, postage, and shipping | $656 |
| Other expenses | $11,759 |
| Total expenses | $147,250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $181,511 |
| Other assets | $0 |
| Total assets | $181,511 |
| Total liabilities | $0 |
| Net assets or fund balances | $181,511 |