Northwood Economic Development Corporation
- Assets
- $420.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Northwood, IA
- Founding
- 06/2016
- Data as of
- 12/2019
- EIN
- 47-4877077
Organization Overview
Northwood Economic Development Corporation is located in Northwood, IA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwood 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 12/2019, Northwood Economic Development Corporation generated $1.5k in total revenue. All expenses for the organization totaled $642.0 during the year ending 12/2019.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PROMOTE NORTHOOD IA AREA ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Petznick President | 2 | $0 | |
Aaron Carman Treasurer | 10 | $0 | |
Dan Hendrikson Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,487 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,487 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $583 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59 |
| Total expenses | $642 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,629 |
| Other assets | $0 |
| Total assets | $420,121 |
| Total liabilities | $0 |
| Net assets or fund balances | $420,121 |