Spooner Development Corporation
- Assets
- $120.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spooner, WI
- Founding
- 09/2014
- Data as of
- 12/2020
- EIN
- 46-3284417
Organization Overview
Spooner Development Corporation is located in Spooner, WI. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spooner Development Corporation 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 12/2020, Spooner Development Corporation generated $11.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (67.4%) each year. All expenses for the organization totaled $8.0k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
TO PROMOTE BUSINESS GROWTH AND THE ADDITION OF JOBS TO THE CITY OF SPOONER, PROMOTE INDUSTRY BY ACTING AS A CONDUIT FOR PRIVATE FINANCING AND IF NECESSARY, EXERCISE TEMPORARY OWNERSHIP OVER BUSINESSESS ACQUIRED.
TO PROMOTE BUSINESS GROWTH AND THE ADDITION OF JOBS TO THE CITY OF SPOONER, PROMOTE INDUSTRY BY ACTING AS A CONDUIT FOR PRIVATE FINANCING AND IF NECESSARY, EXERCISE TEMPORARY OWNERSHIP OVER BUSINESSESS ACQUIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Masterjohn President | 1 | $0 | |
Timothy Reedy Vice President | 1 | $0 | |
Daryl Gabriel Secretary/treasurer | 1 | $0 | |
Terri Reiter Chairperson | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,116 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,134 |
| 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 | $495 |
| Occupancy, rent, utilities, and maintenance | $2,356 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,171 |
| Total expenses | $8,022 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,519 |
| Other assets | $0 |
| Total assets | $120,590 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,590 |
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