Shell Rock Development Corporation
- Assets
- $215.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shell Rock, IA
- Founding
- 06/1993
- Data as of
- 12/2015
- EIN
- 42-1399273
Organization Overview
Shell Rock Development Corporation is located in Shell Rock, IA. The organization was established in 1993. 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. Shell Rock 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2015
Describe the Organization's Program Activity:
Part 3
ASSISTED IN THE ECONOMIC AND RECREATIONAL DEVELOPMENT OF THE CITY OF SHELL ROCK, IOWA. SHELL ROCK DEVELOPMENT CORPORATION HELD TOWN MEETINGS FOR CITIZENS TO DETERMINE THE DIRECTION OF FUTURE TOWN DEVELOPMENT. THEY ALSO WORKED ON A PARK RENOVATION PROJECT FOR THE CITY OF SHELL ROCK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Bingham Zelle Vice-Preside | 0.5 | $0 | |
John Winter Treasurer | 0.5 | $0 | |
James Hegg Director | 0.5 | $0 | |
Larry Young Director | 0.5 | $0 | |
Mike Tellinghusen Director | 0.5 | $0 | |
Duane Harms President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,497 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,497 |
| 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 | $929 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,069 |
| Total expenses | $11,998 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $167,627 |
| Other assets | $0 |
| Total assets | $215,127 |
| Total liabilities | $0 |
| Net assets or fund balances | $215,127 |
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