Stafford County Economic Development Inc
- Assets
- $5.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- St John, KS
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 45-3261720
Organization Overview
Stafford County Economic Development Inc is located in St John, 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 12/2022, Stafford County Economic Development Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stafford County Economic Development Inc 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 12/2022, Stafford County Economic Development Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $523.2k during the year ending 12/2022. While expenses have increased by 18.0% per year over the past 8 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
TO PROMOTE ECONOMIC AND POPULATION GROWTH THROUGHOUT THE COUNTY BY ASSISTING OUR LOCAL BUSINESSES, ENGAGING IN COMMUNITY ACTIVITIES, AND PROMOTING STAFFORD COUNTY AS A GREAT PLACE TO LIVE, WORK AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION AND MAINTENANCE OF A GROCERY STORE IN ST. JOHN TO PROVIDE THE LOCAL COMMUNITY AND SURROUNDING AREA WITH A GROCERY STORE THAT IS AFFORDABLE AND CONVENIENT TO THE CITIZENS OF STAFFORD COUNTY.
VARIETY OF OTHER PROGRAM SERVICES THAT ARE A DIRECT BENEFIT TO STAFFORD COUNTY ECONOMIC DEVELOPMENT
ADMINISTER HOUSING PROGRAMS TO ADVANCE THE AVAILABILITY OF HOUSING THAT IS AFFORDABLE FOR LOW AND MODERATE INCOME POPULATION. MANAGE THREE RENTAL HOUSING UNITS. ADMINISTER AND MONITOR THE IMPLEMENTATION OF THE MODERATE INCOME HOUSING PROGRAM INCENTIVE FOR STAFFORD COUNTY, WHICH IS USED TO INCENTIVIZE PRIVATE-OWNED DEVELOPMENT OF WORKFORCE HOUSING.
MAINTAIN A BUILDING FOR USE AS A BUSINESS INCUBATOR TO PROVIDE READILY AVAILABLE SPACE TO START A BUSINESS, AND TO PROVIDE EDUCATION AND SUPPORT SERVICES TO ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Norman Executive Di | Officer | 40 | $54,500 |
Jeff Barney President | OfficerTrustee | 1 | $0 |
Travis Allen Vice Preside | OfficerTrustee | 1 | $0 |
Tyler Axman Secretary | OfficerTrustee | 1 | $0 |
Jamie Kreutzer Treasurer | OfficerTrustee | 1 | $0 |
Matt Appleton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whites Kingco Construction | 12/30/18 | $622,977 |
Ja Knight Sons Inc Construction | 12/30/18 | $2,771,470 |
Marick Wichita Llc Construction | 12/30/18 | $170,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $482,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,515 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $770,199 |
| Total Program Service Revenue | $298,955 |
| Investment income | $2,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,232 |
| 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. | $54,500 |
| Compensation of current officers, directors, key employees. | $17,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,837 |
| Pension plan accruals and contributions | $3,090 |
| Other employee benefits | $4,879 |
| Payroll taxes | $8,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,795 |
| Office expenses | $1,545 |
| Information technology | $13,778 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $443 |
| Interest | $48,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,408 |
| Insurance | $15,909 |
| All other expenses | $5,202 |
| Total functional expenses | $523,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $169,170 |
| 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 | $33,524 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,210,215 |
| Investments—publicly traded securities | $34,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,447,418 |
| 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 | $1,981,957 |
| Unsecured mortgages and notes payable | $33,020 |
| Other liabilities | $8,380 |
| Total liabilities | $2,023,357 |
| Net assets without donor restrictions | $2,979,267 |
| Net assets with donor restrictions | $444,794 |
| 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 | $5,447,418 |