Panhandle Regional Economic Development Coalition Inc
- Assets
- $102.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Guymon, OK
- Founding
- 11/1998
- Data as of
- 09/2022
- EIN
- 73-1549211
Organization Overview
Panhandle Regional Economic Development Coalition Inc is located in Guymon, OK. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle Regional Economic Development Coalition Inc 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, Panhandle Regional Economic Development Coalition Inc generated $59.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $75.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
CONTINUED PROMOTION OF INDUSTRY AND ECONOMIC DEVELOPMENT IN THE OKLAHOMA PANHANDLE, TEXAS PANHANDLE AND SOUTHWEST KANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Duncan Vice President | 2 | $0 | |
Sharen Wilson Treasurer | 3 | $0 | |
Jay Nunley President | 2 | $0 | |
Jana Wallace Director | 1 | $0 | |
Brandon Leasure Director | 1 | $0 | |
Jeff Riles Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $393 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,643 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,875 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $5,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,195 |
| Total expenses | $74,970 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,297 |
| Other assets | $0 |
| Total assets | $102,652 |
| Total liabilities | $0 |
| Net assets or fund balances | $102,652 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Panhandle Regional Economic Development Coalition Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Tri-County Electric Cooperative Inc Hooker, OK PURPOSE: GENERAL FUNDING | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |