Hermann Regional Economic Development Corporation
- Assets
- $10.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hermann, MO
- Founding
- 10/2013
- Data as of
- 06/2018
- EIN
- 46-3139415
Organization Overview
Hermann Regional Economic Development Corporation is located in Hermann, MO. The organization was established in 2013. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Hermann Regional Economic Development Corporation 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 06/2018, Hermann Regional Economic Development Corporation generated $1.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (38.1%) each year. All expenses for the organization totaled $419.0 during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (75.3%) per year over the past 3 years. 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
2018
Describe the Organization's Program Activity:
Part 3
THE GOALS OF THE CORPORATION SHALL BE TO RETAIN, ATTRACT AND DEVELOP TALENT, TO SUPPORT NEW AND EXISTING BUSINESS DEVELOPMENT AND TO ENCOURAGE THE PREPARATION OF REAL ESTATE, EFFECTIVE USE OF EXISTING SPACE AND DEVELOPMENT OF KEY INFRASTRUCTURES.
THE GOALS OF THE CORPORATION SHALL BE TO RETAIN, ATTRACT AND DEVELOP TALENT, TO SUPPORT NEW AND EXISTING BUSINESS DEVELOPMENT AND TO ENCOURAGE THE PREPARATION OF REAL ESTATE, EFFECTIVE USE OF EXISTING SPACE AND DEVELOPMENT OF KEY INFRASTRUCTURES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Theissen Treasurer | 0 | $0 | |
Danny Baumstark Director | 0 | $0 | |
Susan Stiers Secretary | 0 | $0 | |
Ron Kraettli Director | 0 | $0 | |
Melissa Lensing Director | 0 | $0 | |
Tracey Hankins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,000 |
| 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 | $100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $319 |
| Total expenses | $419 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,116 |
| Other assets | $0 |
| Total assets | $10,116 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,116 |