Hodgeman County Economic Development Inc
- Assets
- $27.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jetmore, KS
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 48-1170321
Organization Overview
Hodgeman County Economic Development Inc is located in Jetmore, KS. The organization was established in 2001. 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. Hodgeman County Economic Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hodgeman County Economic Development Inc generated $135.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $137.8k during the year ending 12/2022. While expenses have increased by 19.4% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SMALL BUSINESS START UP LOANS FROM NETWORK KANSAS WERE RECEIVED AND PASSED THROUGH IN THE AMOUNT OF $48,600, THE BORROWERS THEN REPAY THESE LOANS DIRECTLY BACK TO NETWORK KANSAS. THE MURAL GRANT WAS RECEIVED IN 2021, BUT NOT PAID OUT UNTIL 2022. BUSINESS DEVELOPMENT AND TOURISM DEVELOPMENT FUNDS WERE USED TO PUT ON PROGRAMMING FOR LOCAL BUSINESSES IN THE COMMUNITY, TO ASSIST THEM IN BEING MORE SUSTAINABLE AND RESILIENT, COMING OUT OF COVID 19. CLASSES, AND ONE-ON-ONE MENTORING IN MARKETING (SOCIAL MEDIA MARKETING), RECORD RETENTION, DESTINATION CREATION, ETC., AS WELL AS YOUTH ENTREPRENEURSHIP DEVELOPMENT. UNFORTUNATELY, IT IS EXTREMELY DIFFICULT TO KEEP EXACT NUMBERS FOR THESE TRAININGS, WORKSHOPS AND MENTORING SESSIONS, WITHOUT DUPLICATING, BUT WE HAVE ESTIMATED TO HAVE REACHED 243 DIFFERENT PERSONS IN OUR COMMUNITY, SOME MULTIPLE TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lea Ann Seiler Director | 40 | $30,525 | |
Lou Scott President | 0.25 | $0 | |
Alison Guthrie Treasurer | 0.25 | $0 | |
Kelly Schwartz Secretary | 0.25 | $0 | |
Samantha Parish Board Member | 0.25 | $0 | |
Mike Ochs Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,723 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $135,723 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,323 |
| Professional fees and other payments to independent contractors | $6,300 |
| Occupancy, rent, utilities, and maintenance | $1,238 |
| Printing, publications, postage, and shipping | $3,086 |
| Other expenses | $20,964 |
| Total expenses | $137,788 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,861 |
| Other assets | $0 |
| Total assets | $27,861 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,861 |