Economic Development Corp Of Jefferson Co
- Assets
- $1.7m
- Revenue
- $363.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Hillsboro, MO
- Founding
- 00/0000
- Data as of
- 09/2022
- EIN
- 43-1159923
Organization Overview
Economic Development Corp Of Jefferson Co is located in Hillsboro, MO. The organization was established in 0000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Economic Development Corp Of Jefferson Co employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Corp Of Jefferson Co is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2022, Economic Development Corp Of Jefferson Co generated $363.9k 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 (4.7%) each year. All expenses for the organization totaled $445.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT CORPORATION OF JEFFERSON COUNTY, MISSOURI, IS A NOT- FOR-PROFIT ORGANIZATION THAT PROMOTES THE BUSINESS ENVIRONMENT OF THE JEFFERSON COUNTY AREA AND ASSISTS IN THE CREATION AND EXPANSION OF BUSINESS IN THE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECONOMIC DEVELOPMENT CORPORATION SIGNED AN AGREEMENT WITH JEFFERSON COUNTY TO BECOME THE ADMINISTRATIVE AGENT FOR THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT. ALL EXPENSES INCURRED ARE REIMBURSED BY THE COUNTY OF JEFFERSON THROUGH THE BLOCK GRANT AND EQUIPMENT PURCHASED UNDER THE PROGRAM BECOMES THE PROPERTY OF JEFFERSON COUNTY. THE EDC ALSO PREPARES AND PACKAGES SMALL BUSINESS LOAN APPLICATIONS FOR SUBMISSION TO THE SMALL BUSINESS ADMINISTRATION. THE EDC IS RESPONSIBLE FOR LOAN FOLLOW UP AND SERVICING AFTER FUNDING.
THE ECONOMIC DEVELOPMENT CORPORATION PROMOTES THE BUSINESS ENVIRONMENT OF JEFFERSON COUNTY, MISSOURI AND ASSISTS IN THE CREATION AND EXPANSION OF BUSINESS IN THE AREA. THE EDC SUPPORTS THE COUNTY'S INDUSTRIAL DEVELOPMENT AUTHORITY (IDA) BY PROVIDING STAFF AND ADMINISTRATIVE SUPPORT. THE IDA IS A DIVISION OF STATE GOVERNMENT AND IS RESPONSIBLE FOR THE ISSUANCE OF TAX EXEMPT DEVELOPMENT BONDS FOR AREA PROJECTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Francis Vice-Chair | OfficerTrustee | 0.5 | $0 |
Dan Govero Treasurer | OfficerTrustee | 0.5 | $0 |
Dena Mccaffrey Asst Sec/tre | OfficerTrustee | 0.5 | $0 |
Nick Sobkow Secretary | OfficerTrustee | 0.5 | $0 |
Keith Suellentrop Chairman | OfficerTrustee | 0.5 | $0 |
Greg Camp Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,200 |
| Total Program Service Revenue | $352,158 |
| Investment income | $4,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,482 |
| Pension plan accruals and contributions | $7,595 |
| Other employee benefits | $33,859 |
| Payroll taxes | $16,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,795 |
| Fees for services: Accounting | $4,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $595 |
| Office expenses | $3,834 |
| Information technology | $773 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11 |
| Insurance | $7,298 |
| All other expenses | $11,074 |
| Total functional expenses | $445,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $641,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,023,940 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,552 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272 |
| Total assets | $1,668,961 |
| Accounts payable and accrued expenses | $23,948 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,948 |
| Net assets without donor restrictions | $158,824 |
| Net assets with donor restrictions | $1,486,189 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,668,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |