Keokuk Economic Development Corporation
- Assets
- $159.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Keokuk, IA
- Founding
- 04/1999
- Data as of
- 06/2022
- EIN
- 42-1018928
Organization Overview
Keokuk Economic Development Corporation is located in Keokuk, IA. The organization was established in 1999. 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. Keokuk Economic 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 06/2022, Keokuk Economic Development Corporation generated $23.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $111.3k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE CORPORATION IS TO ACQUIRE LAND AND REAL ESTATE TO ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN AND DEVELOP INDUSTRIAL AND BUSINESS PROJECTS IN THE CITY OF KEOKUK, IA, LEE COUNTY, IA, AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Klepfer Vice Preside | 0 | $0 | |
Susan Dunek President | 0 | $0 | |
Barb Smidt Treasurer | 0 | $0 | |
Mike Hickey Director | 0 | $0 | |
Cole O'donnell Director | 0 | $0 | |
Dave Bogner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,367 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,367 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,759 |
| Total expenses | $111,309 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,362 |
| Other assets | $0 |
| Total assets | $159,437 |
| Total liabilities | $0 |
| Net assets or fund balances | $159,437 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Keokuk Economic Development Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Howard Jackson Fam Tr Foundation Keokuk, IA PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |