Meade County Economic Developement Committee Inc
- Assets
- $697.8k
- Revenue
- $84.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Meade, KS
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 48-1089648
Organization Overview
Meade County Economic Developement Committee Inc is located in Meade, KS. The organization was established in 2018. 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. Meade County Economic Developement Committee Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Meade County Economic Developement Committee Inc generated $84.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $74.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 6 years. 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
DESCRIPTION OF ORGANIZATION MISSION: ECONOMIC GROWTH FACTORS ARE MONITORED IN ORDER TO EVALUATE THOSE EFFECTING MEADE COUNTY. ALL ACTIVITIES ARE GOVERNED BY THE NEED TO BE CONSISTENT IN THE PRESERVATION OF MEADE COUNTYS QUALITY OF LIFE. ASSISTANCE IS PROVIDED TO LOCAL, COUNTY, STATE AND NATIONAL GOVERNMENTAL AGENCIES TO EXPEDIATE AND ENTICE BUSINESSESS TO LOCATE IN MEADE COUNTY. ASSISTANCE IS MADE AVAILABLE TO MEADE COUNTYS EDUCATIONAL INSTITUTES AND STATE GOVERNING AGENCY PROGRAMS TO PREPARE INDIVIDUALS FOR EMPLOYMENT WITH MEADE COUNTY BUSINESSES AND INDUSTRY. ASSISTANCE IS OFFERED TO EXISTING SERVICES AND SUPPORT BUSINESSES. MCEDC OVERSEES AND CO-ADMISTISTERS WITH GREAT PLAINS DEVELOPMENT, COVERING SOUTHWEST KANSAS COUNTIES, MICRO-LOAN GRANT FUNDS AWARDED TO MEADE COUNTY AND RURAL BUSINESS ENERPRISE GRANT FUNDS AWARDED TO MCEDC FOR START-UP AND EXPANDING MEADE COUNTY BUSINESSES AND INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LOW-INCOME HOUSING
OPERATION OF ECONOMIC DEVELOPMENT COMMITTEE
PROVIDE MICRO-LOAN GRANTS TO ELIGIBILE BUSINESSES WITHIN MEADE COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Boese Treasurer | OfficerTrustee | 5 | $0 |
Justina Daily Vice-Preside | OfficerTrustee | 5 | $0 |
Darrin Golliher President | OfficerTrustee | 5 | $0 |
Austin Jansonius Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,426 |
| Total Program Service Revenue | $5,573 |
| Investment income | $277 |
| 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 | $84,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,175 |
| 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 | $40,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $462 |
| Office expenses | $189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,474 |
| Travel | $1,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,067 |
| Total functional expenses | $74,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575,505 |
| Savings and temporary cash investments | $122,267 |
| 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 | $0 |
| Total assets | $697,772 |
| 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 | $127 |
| Total liabilities | $127 |
| Net assets without donor restrictions | $0 |
| 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 | $697,645 |
| Total liabilities and net assets/fund balances | $697,772 |