Franklin County Regional Economic Development Corporation
- Assets
- $399.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Benton, IL
- Founding
- 12/2005
- EIN
- 43-2057859
Organization Overview
Franklin County Regional Economic Development Corporation, operating under the name Fredco, is located in Benton, IL. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredco 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 undefined, Fredco generated $16.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $26.8k during the year ending undefined. 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
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WORKS WITH MUNICIPALITIES AND BUSINESSES TO LOCATE OR GROW BUSINESSES IN FRANKLIN COUNTY, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKS WITH MUNICIPALITIES AND BUSINESSES TO LOCATE OR GROW BUSINESSES IN FRANKLIN COUNTY, ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Patton President | Trustee | 1 | $0 |
Steve Mitchell Vice President | Trustee | 1 | $0 |
Mark Miller Assistant Treasurer | Trustee | 1 | $0 |
Roberta Tabor-Kearney Treasurer | Trustee | 1 | $0 |
Larry Miller Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,150 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | -$11,074 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,076 |
| Statement of Expenses | |
|---|---|
| Total expenses | $26,793 |
| Balance Sheet | |
|---|---|
| Total assets | $399,684 |
| Total liabilities | $327,142 |
| Net assets or fund balances | $72,542 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Elevate Ventures Inc Indianapolis, IN | $13,635,821 | $6,541,390 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |