Grow Greater Burlington Inc
- Assets
- $2.2m
- Revenue
- $988.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, IA
- Founding
- 02/1972
- Data as of
- 12/2021
- EIN
- 42-0982794
Organization Overview
Grow Greater Burlington Inc is located in Burlington, IA. The organization was established in 1972. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Grow Greater Burlington Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Grow Greater Burlington Inc generated $988.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $628.9k during the year ending 12/2021. 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
GROW GREATER BURLINGTON, INC. IS A NONPROFIT ORGANIZATION ENGAGED IN ATTRACTING NEW INDUSTRIES TO THE BURLINGTON, IOWA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTRACTING NEW INDUSTRY TO THE COMMUNITY AS WELL AS ENCOURAGING EXPANSION OF EXISTING INDUSTRY IN THE COMMUNITY THROUGH WORKFORCE DEVELOPMENT PROGRAMMING AND COMMUNITY ENHANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Della D Schmidt President | OfficerTrustee | 20 | $80,498 |
Barb Gerst CFO | Officer | 14 | $29,454 |
Charles Walsh Chair-Elect | OfficerTrustee | $0 | |
Sue Sorensen Chairperson | OfficerTrustee | $0 | |
Dr Michael Ash Past Chair | OfficerTrustee | $0 | |
Eric Benne Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $215,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $696,021 |
| Total Program Service Revenue | $13,088 |
| Investment income | $3,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,984 |
| 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 | $988,772 |
| 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. | $109,952 |
| Compensation of current officers, directors, key employees. | $109,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,561 |
| Payroll taxes | $25,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,841 |
| Advertising and promotion | $11,599 |
| Office expenses | $8,890 |
| Information technology | $21,498 |
| Royalties | $0 |
| Occupancy | $43,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,286 |
| Interest | $9,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,575 |
| Insurance | $2,411 |
| All other expenses | $2,923 |
| Total functional expenses | $628,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,054,294 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,268 |
| Net Land, buildings, and equipment | $14,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,086,343 |
| Total assets | $2,226,687 |
| Accounts payable and accrued expenses | $27,645 |
| Grants payable | $0 |
| Deferred revenue | $450 |
| 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 | $298,792 |
| Total liabilities | $326,887 |
| Net assets without donor restrictions | $1,899,800 |
| 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 | $2,226,687 |
Grants Awarded
Over the last fiscal year, Grow Greater Burlington Inc has awarded $70,960 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
West Burlington, IA PURPOSE: DEVELOPMENT | $25,960 |
Burlington, IA PURPOSE: POOL | $25,000 |
West Burlington, IA PURPOSE: HEALTHY NEIGHBORHOOD | $10,000 |
CITY OF BURLINGTON PURPOSE: HEALTHY NEIGHBORHOOD | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grow Greater Burlington Inc has recieved totaling $666,664.
| Awarding Organization | Amount |
|---|---|
Southeast Iowa Regional Riverboat Commission Burlington, IA PURPOSE: TO PROMOTE TOURISM I | $451,664 |
Burlington West Burlington Area Development Foundation Burlington, IA | | $215,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Soybean Export Council Inc Chesterfield, MO | $22,345,655 | $54,169,870 |
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Initiative Foundation Little Falls, MN | $95,633,483 | $21,753,358 |
Southwest Initiative Foundation Hutchinson, MN | $108,678,960 | $12,722,630 |
Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
Somercor 504 Inc Chicago, IL | $3,029,721 | $5,498,037 |
Midwest Minnesota Community Development Corporation Detroit Lakes, MN | $81,373,559 | $8,284,111 |
Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
The International Joint Commission On Allied Health Personnel In Opht St Paul, MN | $4,513,334 | $4,493,708 |
Sdco 2121 Belmont Inc Chicago, IL | $50,394,223 | $3,094,881 |