Blades Economic Development Corporation
- Assets
- $1.0m
- Revenue
- $171.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Blades, DE
- Founding
- 06/1999
- Data as of
- 06/2023
- EIN
- 51-0362437
Organization Overview
Blades Economic Development Corporation is located in Blades, DE. The organization was established in 1999. 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 06/2023, Blades Economic Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blades Economic Development Corporation 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 06/2023, Blades Economic Development Corporation generated $171.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $169.6k during the year ending 06/2023. 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
TO DEVELOP THE ECONOMY AND PROPERTIES IN THE TOWN OF BLADES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP THE ECONOMY AND PROPERTIES IN THE TOWN OF BLADES DE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Cranston Dockmaster | Officer | 40 | $0 |
Ed Goodwin Groundskeeper | Officer | 20 | $0 |
Dave Smith Asst Dockmaster | Officer | 20 | $0 |
Dale Libby Groundskeeper | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,840 |
| Noncash contributions included in lines 1a–1f | $5,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,165 |
| Total Program Service Revenue | $148,630 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,849 |
| 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 | $3,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $43,275 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,213 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,252 |
| Advertising and promotion | $325 |
| Office expenses | $452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,460 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,447 |
| Insurance | $14,965 |
| All other expenses | $509 |
| Total functional expenses | $169,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,102 |
| Savings and temporary cash investments | $141,160 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,852 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $771,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,099 |
| Other assets | $746 |
| Total assets | $1,026,549 |
| Accounts payable and accrued expenses | $3,325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,550 |
| Total liabilities | $4,875 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $252,602 |
| Paid-in or capital surplus, or land, building, or equipment fund | $769,072 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,026,549 |