Corsica Inc
- Assets
- $497.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corsica, SD
- Founding
- 11/1999
- Data as of
- 08/2023
- EIN
- 46-0441625
Organization Overview
Corsica Inc is located in Corsica, SD. The organization was established in 1999. 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. Corsica Inc 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 08/2023, Corsica Inc generated $33.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $20.1k during the year ending 08/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
LEASE AND SELL PROPERTY TO COMPANIES LOOKING TO OPERATE A BUSINESS IN THE COMMUNITY. CURRENTLY HOLDING VARIOUS COMMERCIAL AND RESIDENTIAL PROPERTIES FOR SALE AND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeris Timmerman Board Member | 1 | $0 | |
Dan Noteboom Board Member | 1 | $0 | |
Barb Groeneweg Secretary | 2 | $0 | |
Jeff Cleveland Treasurer | 2 | $0 | |
Jamie Rexwinkel Vice President | 2 | $0 | |
Logan Denning Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $26,729 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $7,044 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,773 |
| 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 | $777 |
| Occupancy, rent, utilities, and maintenance | $534 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,835 |
| Total expenses | $20,146 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $366,376 |
| Other assets | $0 |
| Total assets | $497,632 |
| Total liabilities | $163,338 |
| Net assets or fund balances | $334,294 |