Stanton Area Industrial Foundation Inc

Organization Overview

Stanton Area Industrial Foundation Inc is located in Stanton, IA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanton Area Industrial Foundation Inc 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, Stanton Area Industrial Foundation Inc generated $51.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.6%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.1%) per year over the past 3 years. 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

SUPPORT OUT COMMUNITY THROUGH SPECULATIVE HOUSING, LOT DEVELOPMENT, BUSINESS AND INDUSTRY PROMOTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENOVATING HOUSES/BUILDINGS FOR RENTAL OR PURCHASE OPPORTUNITIES


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Board, Officers & Key Employees

Name (title)Compensation
Mickey Anderson
President
$0
John Wenstrand
Secretary
$0
Steve Bruning
Treasurer
$0
Tim Johnson
Director
$0
Pier Schenck
Director
$0

Financial Statements

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$32,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$32,600
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $15,515
Net Gain/Loss on Asset Sales $3,331
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $51,446

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