Wyandotte Economic Development Council Inc
- Assets
- $654.2k
- Revenue
- $971.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Kansas City, KS
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 48-1103126
Organization Overview
Wyandotte Economic Development Council Inc is located in Kansas City, KS. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Wyandotte Economic Development Council Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyandotte Economic Development Council 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, Wyandotte Economic Development Council Inc generated $971.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $908.1k during the year ending 12/2022. While expenses have increased by 6.4% 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
PROMOTE AND STRENGTHEN WYANDOTTE COUNTY'S ECONOMY THROUGH INNOVATIVE APPROACHES TO PROGRAMS, PARTNERSHIPS, AND LEADERSHIP IN INDUSTRIAL, RESIDENTIAL, OFFICE, AND RETAIL MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR WYANDOTTE ECONOMIC DEVELOPMENT COUNCIL (WYEDC) PARTNERED WITH THE MID-AMERICA REGIONAL COUNCIL ON A ECONOMIC DEVELOPMENT ADMINISTRATION GRANT TO SUPPORT SMALL BUSINESSES THAT WERE MOST VULNERABLE BECAUSE OF THE ECONOMIC DOWNTURN AND EXPAND THE COUNTY'S SMALL BUSINESS ECOSYSTEM. THE PROGRAM TARGETS LOCAL, MINORITY, AND WOMAN-OWNED BUSINESSES TO ENGAGE IN WEBINARS, ROUNDTABLES, AND EVENTS TO INTRODUCE SMALL BUSINESS OWNERS TO RESOURCES ON THE LOCAL, REGIONAL, AND STATE LEVEL. THE EMPOWER WYCO FUND, CREATED IN COLLABORATION WITH NETWORK KANSAS TO INCREASE FUNDING IN SOCIALLY-DISADVANTAGED POPULATION, SAW APPROVED LOANS FOR 21 BUSINESSES TOTALING 304,000. LOAN FUNDS COULD BE USED FOR EQUIPMENT, INVENTORY, REPAIRS, BUILDING PURCHASE, INFRASTRUCTURE, REFINANCING EXISTING BUILDING DEBT, AND WORKING CAPITAL. WORKFORCE SOLUTIONS GROUP WORKED IN 2022 TO FINE-TUNE THE BUSINESS ESL PROGRAM. THE PROGRAM PROVIDED ON-SITE ESL TRAINING TO IMPROVE COMMUNICATION AND SAFTEY AND UPSKILL EMPLOYEES TO THREE BUSINESSES AND 45 EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory S Kindle President | Officer | 40 | $202,000 |
Jeff Turk Treasurer | OfficerTrustee | 2 | $0 |
Valerie Mussett Chair | OfficerTrustee | 2 | $0 |
Tiffany Stovall Secretary | OfficerTrustee | 2 | $0 |
Greg Mosier 1st Vice Cha | OfficerTrustee | 2 | $0 |
Chris Vaeth Past Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,884 |
| Total Program Service Revenue | $938,579 |
| Investment income | $847 |
| 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 | $971,310 |
| 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. | $241,717 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,350 |
| Pension plan accruals and contributions | $3,614 |
| Other employee benefits | $7,229 |
| Payroll taxes | $17,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,749 |
| Advertising and promotion | $16,158 |
| Office expenses | $9,042 |
| Information technology | $7,272 |
| Royalties | $0 |
| Occupancy | $36,112 |
| Travel | $5,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,473 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819 |
| Insurance | $5,815 |
| All other expenses | $0 |
| Total functional expenses | $908,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,016 |
| Savings and temporary cash investments | $275,852 |
| 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 | $1,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,164 |
| Accounts payable and accrued expenses | $805 |
| Grants payable | $0 |
| Deferred revenue | $29,500 |
| 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 | $30,305 |
| Net assets without donor restrictions | $623,859 |
| 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 | $654,164 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wyandotte Economic Development Council Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Mid-America Manufacturing Technology Center Inc Lenexa, KS PURPOSE: Programs to assist manufacturers resolve business impacting issues | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |