Gilmer County Industrial Development Assn
- Assets
- $329.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenville, WV
- Founding
- 01/1967
- Data as of
- 12/2022
- 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 12/2022, Gilmer County Industrial Development Assn generated $22.8k 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 (8.1%) each year. All expenses for the organization totaled $18.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 8 years. 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 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 | |
Daisy Fryman Bailey Treasurer | 3 | $0 | |
Kathy Gilbert Board Member | 1 | $0 | |
Bryan Groves Board Member | 1 | $0 | |
David Hutchison Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,727 |
| Total Program Service Revenue | $0 |
| Membership dues | $115 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,842 |
| 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 | $2,478 |
| Occupancy, rent, utilities, and maintenance | $5,189 |
| Printing, publications, postage, and shipping | $7,937 |
| Other expenses | $2,512 |
| Total expenses | $18,116 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $329,081 |
| Other assets | $0 |
| Total assets | $329,081 |
| Total liabilities | $0 |
| Net assets or fund balances | $329,081 |
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|---|---|---|
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Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
Lakeside Association Lakeside, OH | $18,007,265 | $9,409,090 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Alloy Development Co Inc Cincinnati, OH | $4,726,609 | $7,810,614 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |