Gilmer County Industrial Development Assn
- Assets
- $291.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenville, WV
- Founding
- 01/1967
- Data as of
- 12/2023
- EIN
- 55-0483494
Organization Overview
Gilmer County Industrial Development Assn is located in Glenville, WV. The organization was established in 1967. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Gilmer County Industrial Development Assn 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, Gilmer County Industrial Development Assn generated $25.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $61.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND RETAIN ECONOMIC DEVELOPMENT AND GROWTH IN GILMER COUNTY AND REGIONALLY
Describe the Organization's Program Activity:
Part 3
LOCAL ECONOMIC DEVELOPMENT GRANT WAS RECEIVED. SALE OF INDUSTRIAL PARK LAND FOR FUTURE DEVELOPMENT OF BUSINESS CLIENTELLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Campbell President | 20 | $0 | |
Mary Lee Mcpherson Vice President | 2 | $0 | |
Kathy Gilbert Board Member | 1 | $0 | |
Daisy Fryman Bailey Treasurer | 3 | $0 | |
Bryan Groves Board Member | 1 | $0 | |
Joe Yeager Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,727 |
| Total Program Service Revenue | $0 |
| Membership dues | $395 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,122 |
| 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 | $41,498 |
| Occupancy, rent, utilities, and maintenance | $9,582 |
| Printing, publications, postage, and shipping | $8,518 |
| Other expenses | $1,450 |
| Total expenses | $61,048 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $291,221 |
| Other assets | $0 |
| Total assets | $291,221 |
| Total liabilities | $0 |
| Net assets or fund balances | $291,221 |