Missouri Innovation Corporation
- Assets
- $47.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cape Girardeau, MO
- Founding
- 01/2006
- Data as of
- 06/2022
- EIN
- 42-1612788
Organization Overview
Missouri Innovation Corporation is located in Cape Girardeau, MO. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Innovation Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Missouri Innovation Corporation generated $178.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (65.0%) each year. All expenses for the organization totaled $10.2k during the year ending 06/2022. 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
IRP LOANS: THE PURPOSE OF THE IRP PROGRAM IS TO ALLEVIATE POVERTY AND INCREASE ECONOMIC ACTIVITY AND EMPLOYMENT IN RURAL COMMUNITIES. UNDER THE IRP PROGRAM, LOANS ARE PROVIDED TO LOCAL ORGANIZATIONS (INTERMEDIARIES) FOR THE ESTABLISHMENT OF REVOLVING LOAN FUNDS. THESE REVOLVING LOAN FUNDS ARE USED TO ASSIST WITH FINANCING BUSINESS AND ECONOMIC DEVELOPMENT ACTIVITY TO CREATE OR RETAIN JOBS IN DISADVANTAGED AND REMOTE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ferguson II Chairman | 0.1 | $0 | |
Jim Grebing Vice Chairman | 0.1 | $0 | |
Brent Buerck Board Member | 0.1 | $0 | |
Dawn Dauer Board Member | 0.1 | $0 | |
Matt Drake Board Member | 0.1 | $0 | |
Crystal Kaufman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $178 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $178 |
| 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 | $6,285 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,923 |
| Total expenses | $10,208 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,065 |
| Other assets | $0 |
| Total assets | $47,585 |
| Total liabilities | $8,774 |
| Net assets or fund balances | $38,811 |