Tioga Area Economic Development Corporation
- Assets
- $91.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tioga, ND
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 45-0424487
Organization Overview
Tioga Area Economic Development Corporation is located in Tioga, ND. The organization was established in 1994. 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. Tioga Area Economic 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 12/2022, Tioga Area Economic Development Corporation generated $197.0k 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 (9.8%) each year. All expenses for the organization totaled $301.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE TIOGA AREA ECONOMIC DEVELOPMENT CONTINUED TO IMPROVE THE LOTS THAT WERE PURCHASED ON MAIN STREET. WE ALSO PLANNED AND HELD THE DRONE CAMP FOR KIDS. IN 2017 AND 2018 WE HAVE BEEN SPEARHEADING THE CONSTRUCTION OF A NEW COMMUNITY CENTER FOR THE CITY OF TIOGA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Lenzen Director | 1 | $0 | |
Judy Odegaard Director | 1 | $0 | |
Tiffany Finstrom Director | 1 | $0 | |
Taryn Berstrom Director | 1 | $0 | |
Chris Norgaard President | 1 | $0 | |
Jim Prather Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,862 |
| Total Program Service Revenue | $3,625 |
| Membership dues | $500 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $196,987 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $95,947 |
| Occupancy, rent, utilities, and maintenance | $14,358 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $180,172 |
| Total expenses | $301,477 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,821 |
| Other assets | $0 |
| Total assets | $91,837 |
| Total liabilities | $0 |
| Net assets or fund balances | $91,837 |