Northwest Kansas Economic Innovation Center Inc
- Assets
- $8.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Norton, KS
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-1203323
Organization Overview
Northwest Kansas Economic Innovation Center Inc is located in Norton, KS. The organization was established in 2017. 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. Northwest Kansas Economic Innovation Center Inc 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 12/2021, Northwest Kansas Economic Innovation Center Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 40.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ACCESS TO CAPITAL TO BUSINESS VENTURES THAT CREATE, OR WILL CREATE, A POSITIVE ENHANCEMENT IN ECONOMIC OPPORTUNITIES IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Sproul CEO | 40 | $158,388 | |
Michelle Prewo Business Office Ma | 40 | $51,800 | |
Lucas Goddard Program Director | 40 | $50,997 | |
Jenny Russell Vice President | 5 | $8,300 | |
Mark Lowry Director | 5 | $6,800 | |
Morris Engle Director | 5 | $6,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $14,306 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $127,474 |
| Total Revenue | $2,141,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $193,888 |
| Other employee salaries and wages | $159,117 |
| Pension plans, employee benefits | $4,853 |
| Interest | $152 |
| Taxes | $23,621 |
| Depreciation | $4,078 |
| Occupancy | $26,946 |
| Travel, conferences, and meetings | $13,069 |
| Printing and publications | $0 |
| Other expenses | $752,646 |
| Total operating and administrative expenses | $1,197,862 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,197,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,398 |
| Savings and temporary cash investments | $1,951,473 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $6,621,303 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,668 |
| Other assets | $18,125 |
| Total assets | $8,759,967 |
| Accounts payable and accrued expenses | $2,229 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,229 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Kansas Economic Innovation Center Inc has recieved totaling $5,202.
| Awarding Organization | Amount |
|---|---|
Greater Northwest Kansas Community Foundation Bird City, KS PURPOSE: ARTS, CULTURE & HUMANITIES | $5,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
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 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
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 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |
Entrepreneur Startup Business Development Corporation St Louis, MO | $30,546,182 | $5,633,965 |
Greater Northwest Kansas Community Foundation Bird City, KS | $47,390,567 | $21,199,864 |