Growth Inc

Organization Overview

Growth Inc is located in Hutchinson, KS. The organization was established in 1987. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Growth Inc 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, Growth Inc generated $1.2m in total revenue. All expenses for the organization totaled $42.1k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

GROWTH INC.'S PURPOSE IS TO PROMOTE THE BUSINESS ECONOMY AND INDUSTRIAL DEVELOPMENT FOR THE CITY OF HUTCHINSON, KANSAS AND THE SURROUNDING AREA. IT RECEIVES ITS FUNDING FROM THE CITY OF HUTCHINSON. IN 2022, GROWTH RECEIVED A DONATION OF $1,085,691 FOR THE PURCHASE OF 500 ACRES OF LAND WITH STIPULATIONS THAT THE LAND IS USED FOR ECONOMIC DEVELOPMENT WITHIN RENO COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PURCHASE LAND FOR INDUSTRIAL PARK. RECEIVED DONATION ON 1,085,691 TO PURCHASE 500 ACRES FOR ECONOMIC DEVELOPMENT


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Board, Officers & Key Employees

Name (title)Compensation
Stephanie Trump
Past Chair
$0
Joe Ontjes
Chair Elect
$0
Michele Pitts
Treasurer
$0
Niki Harvey
Director
$0
Dan Springer
Chair
$0
Coby Cost
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $20,000
All other contributions, gifts, grants, and similar amounts not included above$1,085,691
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,105,691
Total Program Service Revenue$0
Investment income $4,728
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $72,510
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,182,929

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