Macon County Economic Development Inc
- Assets
- $866.8k
- Revenue
- $132.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Macon, MO
- Founding
- 07/1983
- Data as of
- 12/2023
- EIN
- 43-1268022
Organization Overview
Macon County Economic Development Inc is located in Macon, MO. The organization was established in 1983. 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 12/2023, Macon County Economic Development Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macon County Economic Development Inc 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 12/2023, Macon County Economic Development Inc generated $132.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $123.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT WAS PROMOTED THROUGHOUT MACON COUNTY MISSOURI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Goulder Executive Di | Officer | 40 | $42,523 |
Ansh Atriwal Board Member | Trustee | 1 | $0 |
David Ausmus Board Member | Trustee | 1 | $0 |
Tim Korman President | OfficerTrustee | 1 | $0 |
Avis Marshall Board Member | Trustee | 1 | $0 |
Zach Mcleland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $101,774 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,958 |
| Total Program Service Revenue | $2,246 |
| Investment income | $7,626 |
| 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 | $132,875 |
| 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. | $42,523 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,711 |
| Office expenses | $3,823 |
| Information technology | $2,241 |
| Royalties | $0 |
| Occupancy | $9,886 |
| Travel | $1,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,705 |
| All other expenses | $1,393 |
| Total functional expenses | $123,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,286 |
| Savings and temporary cash investments | $230,816 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $266,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $866,822 |
| Accounts payable and accrued expenses | $1,262 |
| 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 | $1,262 |
| Net assets without donor restrictions | $865,560 |
| Net assets with donor restrictions | $0 |
| 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 | $866,822 |
Grants Awarded
Over the last fiscal year, Macon County Economic Development Inc has awarded $53,187 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK DIAMOND PRESERVATIN ORGANIZATC/O PATTY CHEEVER PURPOSE: MUSEUM RENOVATION | $19,196 |
MACON COUNTY MINISTRIESC/O LINDA ELLIS PURPOSE: FREEZERS | $7,191 |
BOURKE ST BUILDING CLUBC/O ALDACE NAUGHTON III PURPOSE: BUILDING RENOVATIONS | $6,000 |
COMMUNITY CHILD DEVELOPMENT CENTER PURPOSE: PARKING IMPROVEMENTS | $20,800 |