Dickinson County Economic Development Corporation
- Assets
- $598.9k
- Revenue
- $488.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Abilene, KS
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 47-2904114
Organization Overview
Dickinson County Economic Development Corporation, operating under the name Dickinson County Economic Developme, is located in Abilene, KS. The organization was established in 2016. 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. As of 12/2022, Dickinson County Economic Developme employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dickinson County Economic Developme 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 12/2022, Dickinson County Economic Developme generated $488.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $297.9k during the year ending 12/2022. While expenses have increased by 23.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE DICKINSON COUNTY ECONOMIC DEVELOPMENT CORPORATION IS TO FURTHER THE ECONOMIC DEVELOPMENT OF DICKINSON COUNTY, KANSAS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS AND INDUSTRY; AS WELL AS ADDRESSING ALL BUSINESS CONCERNS WITHIN DICKINSON COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST WITH NEW BUSINESS RECRUITMENT, WORKING TO ENSURE GOOD CORPORATE CITIZENS ARE SOUGHT OUT AS DESIRABLE. ASSIST NEW BUSINESSES WRITE BUSINESS PLANS AND AID IN CONNECTING WITH FUNDING RESOURCES. HOLD EDUCATIONAL BUSINESS TRAINING AND SEMINARS.
THE DRIVING DICKINSON COUNTY PARTNERSHIP PROGRAM IS DKEDC'S BUSINESS RETENTION & EXPANSION FOCUSED PROGRAM; INCLUDING BUT NOT LIMITED TO, SERVICES RENDERED BY THE FORMER ABILENE AREA CHAMBER OF COMMERCE UPON ITS OFFICIAL DISSOLUTION. THE PROGRAM INCLUDED THE FOLLOWING IN 2022: 1) 92 MEMBERS COMPRISED OF BUSINESSES, NONPROFITS, AND PRIVATE INDIVIDUALS. 2) 3 BUSINESS AFTER HOURS NETWORKING EVENTS. 3) 4 LUNCH & LEARN EDUCATION EVENTS FOR MEMBERS. 4) 3 HOLIDAY CONTESTS FOR BUSINESSES TO SHOWCASE THEIR TALENTS. 5) 342 BUSINESS VISITS BETWEEN A PARTNERSHIP REPRESENTATIVE AND BUSINESS OWNERS ACROSS DICKINSON COUNTY TO DISCUSS CHALLENGES AND WHAT'S WORKING WELL. 6) 3 RIBBON CUTTING EVENTS FOR NEW BUSINESSES STARTING UP IN DICKINSON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Weibert Member | Trustee | 1 | $0 |
Scott Bankes Member | Trustee | 1 | $0 |
Lynn Peterson Member | Trustee | 1 | $0 |
Gina Rader Member | Trustee | 1 | $0 |
Sabrina Holland Member | Trustee | 1 | $0 |
Branden Dross Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,735 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,440 |
| Total Program Service Revenue | $5,034 |
| Investment income | $3,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,834 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,806 |
| Payroll taxes | $14,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,623 |
| Office expenses | $14,753 |
| Information technology | $20,878 |
| Royalties | $0 |
| Occupancy | $16,042 |
| Travel | $4,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,444 |
| All other expenses | $740 |
| Total functional expenses | $297,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $151,712 |
| Total assets | $598,887 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,851 |
| Total liabilities | $6,851 |
| Net assets without donor restrictions | $586,036 |
| Net assets with donor restrictions | $6,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $598,887 |