Clarinda Economic Development Corporation is located in Clarinda, IA. The organization was established in 2002. 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. Clarinda Economic 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 06/2022, Clarinda Economic Development Corporation generated $172.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $112.0k during the year ending 06/2022. While expenses have increased by 12.8% per year over the past 5 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
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION CONTINUES TO ASSIST AND RECRUIT BUSINESSES WITH EXPANSION AND RELOCATION TO CLARINDA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amy B Mcqueen Executive Director | 40 | $72,525 | |
Mike Anderson Vice President | 1 | $0 | |
Gilbert Thomas Director | 1 | $0 | |
Chuck Nordyke Treasurer | 1 | $0 | |
Jeff Privia Director | 1 | $0 | |
Katie Purdy Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $167,885 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $4,669 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $172,554 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $84,006 |
Professional fees and other payments to independent contractors | $2,465 |
Occupancy, rent, utilities, and maintenance | $660 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $24,833 |
Total expenses | $111,964 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $282,044 |
Other assets | $0 |
Total assets | $389,118 |
Total liabilities | $53,835 |
Net assets or fund balances | $335,283 |
Over the last fiscal year, we have identified 1 grants that Clarinda Economic Development Corporation has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
Clarinda Youth Corporation Clarinda, IA PURPOSE: COMMUNITY RELATIONS | $15,000 |
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