Greene County Development Corp
- Assets
- $874.0k
- Revenue
- $257.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Jefferson, IA
- Founding
- 01/1974
- Data as of
- 12/2022
- EIN
- 42-0927000
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 12/2022, 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 12/2022, Greene County Development Corp generated $257.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $439.7k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 8 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
2022
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 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, EDUCATION, AND OPPORTUNITIES TO ATTRACT NEW EMPLOYEES AND EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Paxton Executive Di | Officer | 40 | $65,430 |
Mason Adams Director | Trustee | 1 | $0 |
Harry Ahrenholz Ex-Officio | Trustee | 1 | $0 |
Jacque Andrew Director | Trustee | 1 | $0 |
Pete Bardole Ex-Officio | Trustee | 1 | $0 |
Mark Bauer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,890 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,750 |
| Noncash contributions included in lines 1a–1f | $1,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,640 |
| Total Program Service Revenue | $1,228 |
| Investment income | $221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,506 |
| 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 | $257,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $191,368 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335 |
| Advertising and promotion | $5,000 |
| Office expenses | $3,370 |
| Information technology | $1,807 |
| Royalties | $0 |
| Occupancy | $5,019 |
| Travel | $6,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,669 |
| Interest | $493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,514 |
| All other expenses | $399 |
| Total functional expenses | $439,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,479 |
| Savings and temporary cash investments | $101,395 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $221,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $254,830 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874,006 |
| Accounts payable and accrued expenses | $4,184 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,184 |
| Net assets without donor restrictions | $869,822 |
| Net assets with donor restrictions | $0 |
| 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 | $874,006 |
Grants Awarded
Over the last fiscal year, Greene County Development Corp has awarded $32,810 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GREENE CO EARLY LEARNING CTR PURPOSE: COMM. IMPROVEMENT | $7,810 |
JEFFERSON CITY VIEW PROPERTIES LLC PURPOSE: COMM. IMPROVEMENT | $10,000 |
GRAVITATE COWORKING PURPOSE: COMM. IMPROVEMENT | $15,000 |