Smoky Hill Development Corporation
- Assets
- $440.8k
- Revenue
- $259.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Ellsworth, KS
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 48-1072732
Organization Overview
Smoky Hill Development Corporation is located in Ellsworth, KS. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Smoky Hill 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 12/2022, Smoky Hill Development Corporation generated $259.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $149.8k during the year ending 12/2022. While expenses have increased by 4.8% 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
ELLSWORTH COUNTY ECONOMIC DEVELOPMENT IS IMPROVING THE LIVES OF CITIZENS OF ELLSWORTH COUNTY THROUGH RECRUITMENT, RETENTION, AND EXPANSION OF GOODS AND SERVICES OFFERED IN ELLSWORTH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES AS THE LEAD AGENCY TO DIVERSIFY THE ECONOMIC HEALTH OF ELLSWORTH COUNTY; SPECIFIC FOCUS IS CREATING AND IMPLEMENTING A PLAN TO INCREASE POPULATION, JOBS, AND OPPORTUNITIES IN ELLSWORTH COUNTY; PROVIDES SOURCE INFORMATION FOR INCENTIVES, REFERRALS, AND MATTERS RELATING TO COMMUNITY AND ECONOMIC DEVELOPMENT; AND DEVELOP MARKETING MATERIALS TO PRESENT ELLSWORTH COUNTY IN A POSITIVE AND PROGRESSIVE LIGHT. ALSO SERVES AS A BUSINESS RESOURCE FOR PROFESSIONAL DEVELOPMENT OPPORTUNITIES, INFORMATION AND ASSISTANCE WITH SUCCESSION PLANNING, AND REGULAR CONTACT WITH EXISTING BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie J Schmidt Executive Di | Officer | 40 | $62,354 |
Craig Freeman Director | OfficerTrustee | 1 | $0 |
Sarah Freeman Director | Trustee | 1 | $0 |
Curt Glaser Treasurer | OfficerTrustee | 2 | $0 |
Jon Halbgewachs Vice Preside | Trustee | 2 | $0 |
Jessica Homolka Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,165 |
| Total Program Service Revenue | $53,849 |
| Investment income | $1,230 |
| 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 | $259,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,354 |
| Pension plan accruals and contributions | $5,472 |
| Other employee benefits | $14,577 |
| Payroll taxes | $4,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233 |
| Advertising and promotion | $5,288 |
| Office expenses | $6,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,217 |
| Travel | $5,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,111 |
| Insurance | $484 |
| All other expenses | $5,374 |
| Total functional expenses | $149,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,009 |
| 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 | $87,947 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $75,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $440,763 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,150 |
| 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 | $0 |
| Total liabilities | $2,150 |
| Net assets without donor restrictions | $438,613 |
| Net assets with donor restrictions | $0 |
| 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 | $440,763 |