St Louis Economic Development Partnership
- Assets
- $27.2m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 68
- Location
- Saint Louis, MO
- Founding
- 07/1985
- Data as of
- 09/2021
- EIN
- 43-1361364
Organization Overview
St Louis Economic Development Partnership is located in Saint Louis, MO. The organization was established in 1985. 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 09/2021, St Louis Economic Development Partnership employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Louis Economic Development Partnership 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 09/2021, St Louis Economic Development Partnership generated $13.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $14.1m during the year ending 09/2021. While expenses have increased by 4.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN ST. LOUIS COUNTY AND THE CITY OF ST. LOUIS.
BUSINESS DEVELOPMENT PROGRAM IS RESPONSIBLE FOR BUSINESS RETENTION AND BRINGING NEW BUSINESS AND INDUSTRY TO ST. LOUIS COUNTY AND THE CITY OF ST. LOUIS.
THE PARTNERSHIP IS PROVIDED FUNDING FROM SEVERAL FEDERAL AND STATE AGENCIES. THESE GRANTS ARE USED AS PROGRAM SUPPORT FOR ECONOMIC ADJUSTMENT PROGRAMS AND COMMUNITY DEVELOPMENT PROJECTS.
THE SMALL BUSINESS INCUBATORS PROVIDE SUPPORT, COUNSELING, AND OFFICE SPACE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Crim President And CEO | Officer | 40 | $266,585 |
Kevin Cahill VP Strategic Initiatives | 40 | $140,169 | |
Donetta Murphy Assistant Treasurer | Officer | 37 | $138,348 |
John Hixson VP Defense & Manufacturing | 40 | $129,704 | |
Kristin Lappin VP Administration | 40 | $120,956 | |
Tracy Hart Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community & Economic Development Solutio Project Management | 9/29/21 | $198,137 |
Access Engineering Llc Engineering | 9/29/21 | $123,414 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,740,852 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,740,852 |
| Total Program Service Revenue | $1,060,605 |
| Investment income | $81,561 |
| 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 | $13,883,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,281,126 |
| 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. | $462,562 |
| Compensation of current officers, directors, key employees. | $445,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,454,220 |
| Pension plan accruals and contributions | $239,230 |
| Other employee benefits | $293,913 |
| Payroll taxes | $213,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,585 |
| Fees for services: Accounting | $115,307 |
| Fees for services: Lobbying | $207,127 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,752,806 |
| Advertising and promotion | $4,807 |
| Office expenses | $73,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $773,796 |
| Travel | $23,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $1,341,881 |
| Depreciation, depletion, and amortization | $598,506 |
| Insurance | $17,237 |
| All other expenses | $0 |
| Total functional expenses | $14,058,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,554,498 |
| Savings and temporary cash investments | $992,969 |
| Pledges and grants receivable | $519,407 |
| Accounts receivable, net | $1,477,351 |
| 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 | $59,499 |
| Net Land, buildings, and equipment | $15,838,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $690,834 |
| Intangible assets | $0 |
| Other assets | $103,114 |
| Total assets | $27,235,860 |
| Accounts payable and accrued expenses | $1,407,281 |
| Grants payable | $0 |
| Deferred revenue | $2,024,785 |
| 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 | $166,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $570,393 |
| Total liabilities | $4,168,692 |
| Net assets without donor restrictions | $0 |
| 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 | $23,067,168 |
| Total liabilities and net assets/fund balances | $27,235,860 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Louis Economic Development Partnership has recieved totaling $551,412.
| Awarding Organization | Amount |
|---|---|
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: INVEST STL NSF SMALL BUSINESS LIFT | $551,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |