Wyandotte Economic Development Council Inc
- Assets
- $731.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Kansas City, KS
- Founding
- 10/1993
- Data as of
- 12/2023
- 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 12/2023, Wyandotte Economic Development Council Inc employed 6 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 12/2023, Wyandotte Economic Development Council Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $955.0k during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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
2023
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
WYANDOTTE ECONOMIC DEVELOPMENT COUNCIL (WYEDC) ANNOUNCED 27 PROJECTS WITH A CAPITAL INVESTMENT OF 456 MILLION AND 934 NEW JOBS. THE CAPITAL INVESTMENT IS THE 8TH BEST IN COUNTY HISTORY. THE TEAM SURVEYED 146 COMPANIES AS PART OF ITS BUSINESS RETENTION PROGRAM INDICATING 21% PLAN TO EXPAND WITHIN THE NEXT 12 MONTHS. WYANDOTTE COUNTY HAS THE HIGHEST WAGES PAID IN THE STATE OF KANSAS. MEDIAN HOUSEHOLD INCOME INCREASED TO 57,771 - 61ST IN THE STATE AND UP FROM 87TH IN 2019. WYEDC CONTINUES TO FOCUS ON RAISING HOUSEHOLD INCOME AND CONNECTING RESIDENTS TO HIGH WAGE JOBS THROUGH ITS WORKFORCE SOLUTIONS EFFORTS. THESE ARE PROGRAMS TIED TO EARLY CHILDHOOD EDUCATION, SECOND CHANCE HIRING, LANGUAGE, POST-SECONDARY EDUCATION, AND TRANSPORTATION. WYEDC CONTINUED TO SUPPORT THE EMPOWER WYCO LOAN FUND IN COLLABORATION WITH NETWORK KANSAS WITH LOANS APPROVED TO 7 BUSINESSES TOTALING 105,000. INCREASED FOCUS WAS PLACED ON DEVELOPING CAREER PATHWAYS STUDENT TOURS WITH EACH OF THE HIGH SCHOOLS WITHIN THE COUNTY. THE TOURS CONSISTED OF UP TO 25 STUDENTS ON EACH TOUR VISITING TWO COMPANIES IN THE COUNTY IN THEIR CAREER PATHWAY AND A VISIT TO THE KCK COMMUNITY COLLEGE. THESE TOURS WERE ALSO IN COLLABORATION WITH KANSAS MANUFACTURING SOLUTIONS AND WORKFORCE PARTNERSHIP. ADDITIONALLY, WYEDC PRINTED ITS FIRST MAKING IT IN THE DOTTE MAGAZINE HIGHLIGHTING A NUMBER OF THE COMPANIES AND PARTNERSHIPS SUPPORTING ECONOMIC GROWTH IN WYANDOTTE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory S Kindle President | Officer | 40 | $201,453 |
Greg Mosier Chair | OfficerTrustee | 2 | $0 |
Matt Mclaughlin Treasurer | OfficerTrustee | 2 | $0 |
Darron Ammann Secretary | OfficerTrustee | 2 | $0 |
Tiffany Stovall 1st Vice Cha | OfficerTrustee | 2 | $0 |
Bob Milan Sr 2nd Vice Cha | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,627 |
| Total Program Service Revenue | $1,003,135 |
| Investment income | $14,986 |
| 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 | $1,047,748 |
| 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. | $245,570 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,814 |
| Pension plan accruals and contributions | $10,478 |
| Other employee benefits | $32,490 |
| Payroll taxes | $17,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,370 |
| Advertising and promotion | $72,232 |
| Office expenses | $19,466 |
| Information technology | $27,143 |
| Royalties | $0 |
| Occupancy | $28,632 |
| Travel | $7,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819 |
| Insurance | $5,922 |
| All other expenses | $0 |
| Total functional expenses | $955,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,499 |
| Savings and temporary cash investments | $692,912 |
| 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 | $478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $731,889 |
| Accounts payable and accrued expenses | $318 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $15,318 |
| Net assets without donor restrictions | $716,571 |
| 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 | $731,889 |