Polk City Development Corporation
- Assets
- $138.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Polk City, IA
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 42-1439040
Organization Overview
Polk City Development Corporation is located in Polk City, IA. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Polk City Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polk City Development Corporation 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 12/2023, Polk City Development Corporation generated $193.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $177.4k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION BRINGS TOGETHER BUSINESS OWNERS, CIVIC AND NON PROFIT ORGANIZATIONS TO BUILD A FIRM FOUNDATION OF ECONOMIC AND COMMUNITY SUPPORT. EVENTS INCLUDE THE ANNUAL FOUR SEASONS FESTIVAL, GOLF OUTING, FALL FEST, SOUNDS ON SQUARE, SQUARE LIGHTING, FARMER'S MARKET, EDUCATOR'S DAY, RVTV EVENT, AND LUNCHEONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Nelson President | 1 | $0 | |
Jake Lundgren Vice Preside | 0.5 | $0 | |
Brandon Converse Treasurer/se | 0.5 | $0 | |
Eric Hockenberry Director | 0.5 | $0 | |
Laramie Sandquist Director | 0.5 | $0 | |
Monica Converse Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,075 |
| Total Program Service Revenue | $89,136 |
| Membership dues | $0 |
| Investment income | $4,169 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $193,380 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,469 |
| Professional fees and other payments to independent contractors | $9,071 |
| Occupancy, rent, utilities, and maintenance | $2,383 |
| Printing, publications, postage, and shipping | $1,655 |
| Other expenses | $125,785 |
| Total expenses | $177,363 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $138,227 |
| Other assets | $0 |
| Total assets | $138,227 |
| Total liabilities | $2,386 |
| Net assets or fund balances | $135,841 |