Humboldt County Development Association Inc
- Assets
- $2.2m
- Revenue
- $271.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Humboldt, IA
- Founding
- 02/1997
- Data as of
- 06/2023
- EIN
- 42-1356939
Organization Overview
Humboldt County Development Association Inc is located in Humboldt, IA. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humboldt County Development Association 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 06/2023, Humboldt County Development Association Inc generated $271.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $163.8k during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP BUSINESS AND INDUSTRY IN THE HUMBOLDT COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPE AND PROMOTE BUSINESS AND INDUSTRY IN THE HUMBOLDT COUNTY AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alissa O'connor Executive Dir. | Officer | 40 | $81,748 |
Angie Frerk Director | Trustee | 0 | $0 |
Doug Berte President | OfficerTrustee | 0 | $0 |
Jim Murray Treasurer | OfficerTrustee | 0 | $0 |
Joel Armitage Director | Trustee | 0 | $0 |
Matt Brown Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,709 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,209 |
| Total Program Service Revenue | $44,570 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $271,779 |
| 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. | $81,748 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,086 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,165 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $177 |
| Office expenses | $3,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $187 |
| Travel | $1,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,415 |
| Total functional expenses | $163,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,853 |
| Savings and temporary cash investments | $351,505 |
| 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 | $270,616 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,511 |
| Net Land, buildings, and equipment | $1,299,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,183,046 |
| Accounts payable and accrued expenses | $17,070 |
| Grants payable | $0 |
| Deferred revenue | $225,212 |
| 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 | $880,339 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,122,621 |
| Net assets without donor restrictions | $1,060,425 |
| 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 | $2,183,046 |