Polk City Development Corporation
- Assets
- $122.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Polk City, IA
- Founding
- 10/2009
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Polk City Development Corporation generated $60.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $125.7k during the year ending 12/2022. 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 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 |
|---|---|---|---|
Monica Converse Beg 622 Executive Di | 40 | $26,699 | |
Brigett Devos End 522 Executive Di | 40 | $20,008 | |
Brian Nelson President | 1 | $0 | |
Brandon Converse Treasurer/se | 0.5 | $0 | |
Jake Lundgren Vice Preside | 0.5 | $0 | |
Joe Butler Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,880 |
| Total Program Service Revenue | $27,131 |
| Membership dues | $0 |
| Investment income | $298 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,309 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,867 |
| Professional fees and other payments to independent contractors | $7,340 |
| Occupancy, rent, utilities, and maintenance | $9,043 |
| Printing, publications, postage, and shipping | $2,160 |
| Other expenses | $53,330 |
| Total expenses | $125,740 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,702 |
| Other assets | $0 |
| Total assets | $122,365 |
| Total liabilities | $2,541 |
| Net assets or fund balances | $119,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Polk City Development Corporation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Bravo Greater Des Moines Inc Des Moines, IA PURPOSE: GENERAL FUNDING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |