Mingo Economic Development Commission
- Assets
- $68.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mingo, IA
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 42-1507174
Organization Overview
Mingo Economic Development Commission is located in Mingo, IA. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mingo Economic Development Commission 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, Mingo Economic Development Commission generated $46.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $46.2k during the year ending 12/2023. While expenses have increased by 34.5% 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
PROMOTED SALE OF LOTS WITHIN ENTITY OWNED SUBDIVISION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Perry Director | 1.5 | $0 | |
Gary Bartels Vice-President | 1.5 | $0 | |
Melanie Pleggenhluhle Director | 1.5 | $0 | |
Scott Hoskins President | 1.5 | $0 | |
Sondra Kenney Secretary/treasurer | 1.5 | $0 | |
Jerry Ratliff Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,156 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,156 |
| 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 | $43,002 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,184 |
| Total expenses | $46,186 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $312 |
| Other assets | $0 |
| Total assets | $68,351 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,351 |