Morehouse Economic Development Corporation is located in Bastrop, LA. The organization was established in 1985. 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 09/2022, Morehouse Economic Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morehouse Economic Development Corporation 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 09/2022, Morehouse Economic Development Corporation generated $59.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $57.5k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 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 Program Activity:
Part 3
ECONOMIC DEVELOPMENT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kay W King Executive Direc | 40 | $37,800 | |
Loe Dunn Director | 0 | $0 | |
Justina Brown Director | 0 | $0 | |
Mario Bershell Director | 0 | $0 | |
Glen Melton Director | 0 | $0 | |
Kathy Lenard Secretary/treas | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $59,796 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $19 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $59,815 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $37,800 |
Professional fees and other payments to independent contractors | $1,500 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $1,619 |
Other expenses | $16,623 |
Total expenses | $57,542 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $103,431 |
Other assets | $0 |
Total assets | $164,407 |
Total liabilities | $510 |
Net assets or fund balances | $163,897 |
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