Benton Economic Partnership Inc
- Assets
- $182.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Foley, MN
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-1843779
Organization Overview
Benton Economic Partnership Inc is located in Foley, MN. 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. Benton Economic Partnership 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, Benton Economic Partnership Inc generated $194.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $180.6k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING BENTON ECONOMIC PARTNERSHIP MEMBERSHIP PROCUREMENT, WORKFORCE DEVELOPMENT INITIATED WITH 5 ORGANIZATIONS IN BENTON COUNTY, AND DEVELOPMENT OF REGION 7W COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR BENTON COUNTY AND SURROUNDING COUNTIES OF SHERBURNE, STEARNS AND WRIGHT COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Othoudt Executive Dir. | 40 | $127,220 | |
John Herges Director | 1 | $0 | |
Sandra Saldana President | 2 | $0 | |
Sarah Brunn Director | 0.5 | $0 | |
Jake Allen Bauerly Director | 0.5 | $0 | |
Laura Kangas Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,066 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,066 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $146,446 |
| Professional fees and other payments to independent contractors | $1,884 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $653 |
| Other expenses | $28,614 |
| Total expenses | $180,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $182,439 |
| Other assets | $0 |
| Total assets | $182,439 |
| Total liabilities | $4,392 |
| Net assets or fund balances | $178,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Benton Economic Partnership Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Initiative Foundation Little Falls, MN PURPOSE: IDENTIFY UNSERVED AND UNDERSERVED AREAS WITHIN THE COUNTY THAT ARE EXPERIENCING A LACK OF AFFORDABLE, EFFICIENT, RELIABLE, AND ACCESSIBLE BROADBAND ACCESS BY CONDUCTING A COUNTY-WIDE BROADBAND FEASIBILITY ANALYSIS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Greater Madison Convention & Visitor Bureau Inc Madison, WI | $7,711,633 | $4,933,152 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |