Knoxville Economic Development Corporation

Organization Overview

Knoxville Economic Development Corporation is located in Knoxville, IA. The organization was established in 2015. 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. Knoxville 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF KNOXVILLE, IOWA AND SURROUNDING AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION WORKED WITH DEVELOPERS AND BUILDERS TO CONSTRUCT SPEC HOUSES IN KNOXVILLE, IA. THESE PROJECTS ARE MEANT TO SPARK THE MOVEMENT OF FAMILIES INTO THE AREA BY HAVING HOUSING AVAILABLE FOR SALE WHEN FAMILIES ARE CONSIDERING A MOVE. THEY ARE ALSO MEANT TO ADDRESS A SIGNIFICANT SHORTAGE OF HOUSING OPTIONS IDENTIFIED BY MAJOR EMPLOYERS IN THE AREA AND TO CREATE THE DEMAND FOR A NEW HOUSING DEVELOPMENT IN KNOXVILLE. THE HOUSES HAVE BEEN SOLD AND SIMILAR PROJECTS HAVE BEEN STARTED WITH THE SALE PROCEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Dylan Morse
President/tr
$0
Heather Ussery
V.p./secreta
$0
Pat Weiler
Director
$0
Kevin Kincaid
Director
$0
Mel Suhr
Director
$0
Brian Bailey
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $95,000
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$95,000
Total Program Service Revenue$0
Investment income $3,506
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$397,198
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$298,692

Peer Organizations

Organization NameAssets
Metropolitan Economic Development Association
Minneapolis, MN
$6,566,738
Brighton Park Neighborhood Council
Chicago, IL
$9,057,563
Wbd Inc
Madison, WI
$9,133,880
Mhub
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$9,116,950
St Louis Economic Development Partnership
Saint Louis, MO
$7,649,513
Minneapolis - St Paul Regional Economic Development Partnership
Saint Paul, MN
$8,008,937
Explore Branson Tourism
Branson, MO
$7,396,641
Greater Madison Convention & Visitor Bureau Inc
Madison, WI
$7,273,844
Economic Development Corporation Of Kansas City Missouri
Kansas City, MO
$6,752,938
Center For Economic Inclusion
Saint Paul, MN
$4,329,571
Somercor 504 Inc
Chicago, IL
$7,033,646
P33
Chicago, IL
$3,440,251
Heritage Corridor Visitors Bureau
Joliet, IL
$4,400,648
Madison Development Corporation
Madison, WI
$4,946,557
Chicago Neighborhood Initiatives Inc
Chicago, IL
$3,776,635
Omaha Economic Development Corp
Omaha, NE
$5,224,740
Illinois Business And Economic Development Corporation
Chicago, IL
$4,048,933
American Supply Association
Itasca, IL
$4,059,649
Madison Region Economic Partnership Inc
Madison, WI
$3,733,917
Entrepreneur Startup Business Development Corporation
St Louis, MO
$2,347,434
Minnesota Business Finance Corporation
St Cloud, MN
$4,245,343
Illinoisouth Tourism
Swansea, IL
$3,366,835
Rockford Area Convention And Visitors Bureau
Rockford, IL
$3,133,223
Rapid City Economic Development Foundation
Rapid City, SD
$2,494,984
Milwaukee Downtown Inc
Milwaukee, WI
$3,612,284

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