Greene County Development Corp

Organization Overview

Greene County Development Corp is located in Jefferson, IA. The organization was established in 1974. 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. As of 12/2021, Greene County Development Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greene County Development Corp 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 12/2021, Greene County Development Corp generated $281.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $240.8k during the year ending 12/2021. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER, ENCOURAGE, AND PROMOTE BY FINANCIAL OR OTHER MEANS, THE ESTABLISHMENT AND GROWTH OF INDUSTRY AND BUSINESS IN GREENE COUNTY, IOWA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FUNDS TO MAJOR LOCAL EMPLOYERS FOR RELOCATION ASSISTANCE TO ATTRACT NEW EMPLOYEES AND FAMILIES TO THE COMMUNITY, AND TO RETAIN CURRENT FAMILIES AND ALUMNI OF THE COMMUNITY.


TO PROVIDE FUNDING TO REGIONAL SMALL BUSINESS DEVELOPMENT COUNCIL TO ATTRACT AND ASSIST LOCAL ENTREPRENUERS WITH BUSINESS STARTUPS.


PARTICIPATION IN COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT FOR GREENE COUNTY, IOWA THROUGH COMMITMENTS TO DEVELOPING HOUSING AND OPPORTUNITIES TO ATTRACT NEW EMPLOYEES AND EMPLOYERS.


TO PROVIDE FUNDS TO MAJOR LOCAL EMPLOYERS FOR RELOCATION ASSISTANCE TO ATTRACT NEW EMPLOYEES AND FAMILIES TO THE COMMUNITY, AND TO RETAIN CURRENT FAMILIES AND ALUMNI OF THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Ken Paxton
Executive Di
$65,230
Sid Jones
President
$0
Rick Morain
Secretary
$0
Jim Ober
Treasurer
$0
Scott Weber
Vice Preside
$0
Mason Adams
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$19,950
Fundraising events$0
Related organizations$0
Government grants $100,000
All other contributions, gifts, grants, and similar amounts not included above$111,918
Noncash contributions included in lines 1a–1f $1,750
Total Revenue from Contributions, Gifts, Grants & Similar$231,868
Total Program Service Revenue$13,519
Investment income $422
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $35,373
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $281,182

Grants Awarded

Over the last fiscal year, Greene County Development Corp has awarded $32,810 in support to 3 organizations.

Grant RecipientAmount

GRAVITATE COWORKING

PURPOSE: COMM. IMPROVEMENT

$15,000

JEFFERSON CITY VIEW PROPERTIES LLC

PURPOSE: COMM. IMPROVEMENT

$10,000

GREENE CO EARLY LEARNING CTR

Org PageRecipient Profile

Jefferson, IA

PURPOSE: COMM. IMPROVEMENT

$7,810
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Greene County Development Corp has recieved totaling $100,000.

Awarding OrganizationAmount
Grow Greene County Gaming Corporation

Jefferson, IA

PURPOSE: ECONOMIC DEVELOPMENT OF GREENE COUN

$100,000
View Grant Recipient Profile

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