Ravenna Economic Development Corporation
- Assets
- $135.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ravenna, NE
- Founding
- 10/2014
- Data as of
- 09/2022
- EIN
- 46-5433447
Organization Overview
Ravenna Economic Development Corporation is located in Ravenna, NE. The organization was established in 2014. 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. Ravenna 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 09/2022, Ravenna Economic Development Corporation generated $61.8k 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 (4.2%) each year. All expenses for the organization totaled $39.7k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE THE COMMUNITY BY MAINTAINING A WEBSITE FOR THE CITY OF RAVENNA AND PARTICIPATING IN VARIOUS COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary West Exectutive D | 40 | $29,863 | |
Linda Zinnel Secretary | 0.25 | $0 | |
Rodney Pokorski President | 1.5 | $0 | |
Dale Johnson Former Treas | 0.75 | $0 | |
Larry Wilke Vice Preside | 0.25 | $0 | |
Kirk Zeller Chamber Rep | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,000 |
| Total Program Service Revenue | $100 |
| Membership dues | $0 |
| Investment income | $688 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,788 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,358 |
| Professional fees and other payments to independent contractors | $1,738 |
| Occupancy, rent, utilities, and maintenance | $9,675 |
| Printing, publications, postage, and shipping | $405 |
| Other expenses | $12,559 |
| Total expenses | $39,735 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $134,798 |
| Other assets | $0 |
| Total assets | $135,778 |
| Total liabilities | $470 |
| Net assets or fund balances | $135,308 |
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