Chanute Regional Development Authority Inc
- Assets
- $207.7k
- Revenue
- $352.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Chanute, KS
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 45-3076615
Organization Overview
Chanute Regional Development Authority Inc is located in Chanute, KS. The organization was established in 2013. 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 12/2021, Chanute Regional Development Authority Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chanute Regional Development Authority Inc 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 12/2021, Chanute Regional Development Authority Inc generated $352.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $345.9k during the year ending 12/2021. While expenses have increased by 17.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AN ENVIRONMENT THAT PRESERVES, ATTRACTS AND PROMOTES BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTRACTING BUSINESSES TO AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellen Adams Treasurer | OfficerTrustee | $0 | |
Jaime Costin President | OfficerTrustee | $0 | |
Brenda Krumm Secretary | OfficerTrustee | $0 | |
Ruth Ann Boatwright Director | Trustee | $0 | |
Jane Brophy Director | Trustee | $0 | |
Jaime Fail Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,673 |
| Total Program Service Revenue | $0 |
| Investment income | $298 |
| 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 | $352,224 |
| 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 | $126,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,917 |
| Payroll taxes | $10,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,617 |
| Fees for services: Accounting | $4,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,679 |
| Office expenses | $12,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,808 |
| Travel | $17,941 |
| 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 | $1,991 |
| Insurance | $8,298 |
| All other expenses | $4,045 |
| Total functional expenses | $345,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,548 |
| Savings and temporary cash investments | $109,593 |
| 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 | $76,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,683 |
| Accounts payable and accrued expenses | $10,814 |
| 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 | $18,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,533 |
| Net assets without donor restrictions | $178,150 |
| 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 | $207,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |
Entrepreneur Startup Business Development Corporation St Louis, MO | $30,546,182 | $5,633,965 |