Economic Development Corporation City Of Rugby North Dakota

Organization Overview

Economic Development Corporation City Of Rugby North Dakota is located in Rugby, ND. The organization was established in 1977. 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. Economic Development Corporation City Of Rugby North Dakota is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 08/2022, Economic Development Corporation City Of Rugby North Dakota generated $21.3k 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 (9.4%) each year. All expenses for the organization totaled $3.4k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (32.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
Joni Johnson
Secretary
$0
Tanner Johnson
Treasurer
$0
Kevin Leier
Vice Pres
$0
Terry Wentz
President
$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$17,645
Investment income $130
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 $21,270

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