Tracy Development Corp
- Assets
- $119.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tracy, MN
- Founding
- Data as of
- 12/2021
- EIN
- 82-2693582
Organization Overview
Tracy Development Corp is located in Tracy, MN. 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. Tracy Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Tracy Development Corp generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.6%) each year. All expenses for the organization totaled $2.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (49.3%) per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
NO MAJOR EVENTS IN 2021. CONTINUE TO RAISE FUNDS AND AWARENESS TOWARDS ADVANCING THE COMMUNITY'S ECONOMIC VITALITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Johnson III President | 0 | $0 | |
Jeff Salmon Sec/treasurer | 0 | $0 | |
Mark Seager Director | 0 | $0 | |
John Lanoue Vice President | 0 | $0 | |
Dennis Fultz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,768 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,400 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,168 |
| 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 | $275 |
| Occupancy, rent, utilities, and maintenance | $1,242 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,080 |
| Total expenses | $2,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,393 |
| Other assets | $0 |
| Total assets | $119,393 |
| Total liabilities | $50,766 |
| Net assets or fund balances | $68,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Madison Region Economic Partnership Inc Madison, WI | $2,651,221 | $3,362,304 |