Waukon Economic Development Corporation
- Assets
- $399.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Waukon, IA
- Founding
- 02/1995
- Data as of
- 06/2023
- EIN
- 42-1352802
Organization Overview
Waukon Economic Development Corporation is located in Waukon, IA. The organization was established in 1995. According to its NTEE Classification (S30) the organization is classified as: 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. Waukon 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 06/2023, Waukon Economic Development Corporation generated $49.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $33.9k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WAUKON ECONOMIC DEVELOPMENT CORPORATION (WEDC) IS A NON-PROFIT CORPORATION ORGANIZED TO INITIATE AND SUPPORT DEVELOPMENT EFFORTS THAT WILL SERVE TO IMPROVE AND FURTHER DEVELOP THE ECONOMY OF WAUKON, IOWA. WEDC WILL FOCUS ITS EFFORTS ON ACTIVITIES THAT SERVE TO CREATE NEW EMPLOYMENT OPPORTUNITIES AND ACT AS A CATALYST TO SPEARHEAD COMMUNITY DEVELOPMENT PROJECTS.
Describe the Organization's Program Activity:
Part 3
PROMOTE COMMUNITY ACTIVITIES, AWARENESS, AND TOURISM WITH PUBLIC EVENTS.
EXPENDITURES FOR RESIDENTIAL AND COMMERCIAL BETTERMENTS.
EXPENDITURES FOR SCHOOL PROGRAMS AT THE PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Lyons President | 8 | $0 | |
Irv Fosaaen Treasurer | 2 | $0 | |
Howard Van Ruler Secretary | 4 | $0 | |
Gary Boden Representati | 2 | $0 | |
John Lydon Representati | 2 | $0 | |
Jay Mathis Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,160 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,796 |
| Gain or Loss | $40,008 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,964 |
| 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 | $1,634 |
| Occupancy, rent, utilities, and maintenance | $3,721 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,539 |
| Total expenses | $33,894 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $193,312 |
| Other assets | $0 |
| Total assets | $399,306 |
| Total liabilities | $0 |
| Net assets or fund balances | $399,306 |