Harrison Area Economic Development Inc
- Assets
- $317.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Harrison, MI
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 51-0157153
Organization Overview
Harrison Area Economic Development Inc is located in Harrison, MI. The organization was established in 2016. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Harrison Area Economic Development 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 12/2021, Harrison Area Economic Development Inc generated $350.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.1%) each year. All expenses for the organization totaled $10.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Chapman Director | 1 | $0 | |
Kristen Stevens Director | 1 | $0 | |
Dan Druga Director | 10 | $0 | |
Jeff Haskell Director | 1 | $0 | |
Maye Rood Director | 1 | $0 | |
Jerry Brandt Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $350 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $350 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $775 |
| Occupancy, rent, utilities, and maintenance | $7,272 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,654 |
| Total expenses | $10,701 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $311,896 |
| Other assets | $0 |
| Total assets | $317,484 |
| Total liabilities | $15,000 |
| Net assets or fund balances | $302,484 |
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