Perryville Development Corporation
- Assets
- $4.1m
- Revenue
- $523.3k
- Investments
- $7.8k
- Employees
- 0
- Location
- Perryville, MO
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 43-6036971
Organization Overview
Perryville Development Corporation is located in Perryville, MO. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Perryville Development Corporation 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 06/2022, Perryville Development Corporation generated $523.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $55.8k during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDUSTRIAL DEVELOPMENT FOR THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXEMPT PURPOSE IS TO ATTRACT AND RETAIN INDUSTRY INTO THE LOCAL COMMUNITY AND TO GENERATE AND MAINTAIN EMPLOYMENT. PROGRAM EXPENSES RELATE TO ONGOING PROJECTS AND MAINTENANCE OF LAND AVAILABLE FOR LEASE OR SALE. A NEW COMMUNITY EDUCATION OPPORTUNITY WAS PRESENTED AND FUNDING APPROVED FOR RANKEN TECHNOLOGY TRADE EDUCATION. DURING THIS FISCAL YEAR A 6 ACRE TRACT WAS PURCHASED BY THE CITY OF PERRYVILLE TO CONSTRUCT A FACILITY IN CONJUNCTION WITH RANKEN TECHNICAL INSTITUTE.A SECOND PARCEL WAS PURCHASED BY A LOCAL OUTDOOR DIGITAL COMPANY FOR CONSTRUCTION OF A BUSINESS OPERATIONS FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Moore Director | Trustee | 0.5 | $0 |
Brandy Balsman Director | Trustee | 0.1 | $0 |
Richard T Dewilde Director | Trustee | 1.5 | $0 |
Justin Barnes Director | Trustee | 0.5 | $0 |
Don Fulford Director | Trustee | 0.5 | $0 |
Kent Kassel 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $35,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $457,123 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,313 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $3,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,487 |
| Fees for services: Other | $2,811 |
| Advertising and promotion | $0 |
| Office expenses | $348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $720 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $4,086 |
| Insurance | $3,913 |
| All other expenses | $2,414 |
| Total functional expenses | $55,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,601 |
| Savings and temporary cash investments | $1,396,728 |
| 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 | $334,947 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,755,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,800 |
| Investments—program-related | $0 |
| Intangible assets | $13,500 |
| Other assets | $0 |
| Total assets | $4,081,072 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $47,030 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,034,042 |
| Total liabilities and net assets/fund balances | $4,081,072 |