Shenandoah Economic Development Corp

Organization Overview

Shenandoah Economic Development Corp is located in Shenandoah, IA. The organization was established in 1955. 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. As of 12/2023, Shenandoah Economic Development Corp employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah Economic Development Corp 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, Shenandoah Economic Development Corp generated $282.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $335.9k during the year ending 12/2023. While expenses have increased by 2.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF SHENANDOAH CHAMBER & INDUSTRY ASSOCIATION IS TO IMPROVE THE ECONOMIC VITALITY, TO EXPAND HIGH PAYING EMPLOYMENT OPPORTUNITIES, ENHANCE RETAIL SHOPPING, AND TO SUPPORT MAJOR

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHENFEST, FARMERS MARKET, CHRISTMAS, SNO DOUGH, LEGISLATIVE COFFEES, CHOCOLATE WALK, SIDEWALK SALE, MARATHON, MOONLIGHT MADNESS, DISABILITY AWARENESS WALK, EVERLY HERITAGE DAY AND CHAMBER COFFEES - PROMOTE COMMUNITY DEVELOPMENT AND TO SHOWCASE AREA BUSINESSESS AND ACTIVITIES AVAILABLE IN THE COMMUNITY


ANNUAL MEETING - AN EVENT TO PROMOTE NEW ECONOMIC DEVELOPMENT AND EXSISTING RETAIL BUSINESSES AND COMMUNITY SUPPORT AND INVOLVEMENT


BUSINESS & INDUSTRY RECRUITMENT AND RETENTION - BOTH SMALL AND LARGE BUSINESS - ATTRACT BUSINESS & INDUSTRIES TO AID IN ECONOMIC DEVELOPMENT FOR PURPOSE OF PROVIDING EMPLOYMENT OPPORTUNITIES


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Board, Officers & Key Employees

Name (title)Compensation
Matt Sells
President
$0
Stephanie Osborn
Treasurer
$0
Bill Ditmars
Vice President
$0
Kerri Nelson
Director
$0
Amy Zwickel
Director
$0
Becky Leporte
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$57,970
Fundraising events$0
Related organizations$0
Government grants $147,909
All other contributions, gifts, grants, and similar amounts not included above$77,190
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$283,069
Total Program Service Revenue$0
Investment income $110
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$498
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 $282,681

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