Platte County Economic Development Corp
- Assets
- $650.5k
- Revenue
- $68.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Wheatland, WY
- Founding
- 09/1994
- Data as of
- 06/2022
- EIN
- 83-0297024
Organization Overview
Platte County Economic Development Corp is located in Wheatland, WY. The organization was established in 1994. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Platte County Economic Development Corp 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 06/2022, Platte County Economic Development Corp generated $68.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $80.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE QUALITY GROWTH BY MOBILIZING HUMAN, PHYSICAL, NATURAL, AND CAPITAL RESOURCES TO PRODUCE MARKETABLE GOODS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCING THE QUALITY OF LIFE THROUGH STRENGTHENING BUSINESS & CREATING ADDITIONAL QUALITY EMPLOYMENT OPPORTUNITIES BY ACTIVELY MARKETING OUR RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merlin Hitt Executive Director | Officer | 40 | $42,000 |
Janie Martienes Treasurer | OfficerTrustee | 2 | $0 |
Matthew Kukowski Chairman | OfficerTrustee | 2 | $0 |
Don Smith Board Member | Trustee | 0.5 | $0 |
Jeff Brown Board Member | Trustee | 0.5 | $0 |
Mona Sherard Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,975 |
| Total Program Service Revenue | $1,600 |
| Investment income | $1,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,800 |
| Office expenses | $972 |
| Information technology | $2,532 |
| Royalties | $0 |
| Occupancy | $6,188 |
| Travel | $712 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $764 |
| Interest | $3,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,849 |
| Insurance | $2,329 |
| All other expenses | $583 |
| Total functional expenses | $80,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,743 |
| Savings and temporary cash investments | $371,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $249,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $650,515 |
| Accounts payable and accrued expenses | $991 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $143,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $144,974 |
| Net assets without donor restrictions | $382,265 |
| Net assets with donor restrictions | $123,276 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $650,515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Yellowstone Country Montana Inc Bozeman, MT | $39,571 | $2,349,063 |
Denver South Economic Development Partnership Englewood, CO | $2,218,656 | $2,591,581 |
Idaho Association Of Realtors Inc Boise, ID | $6,354,859 | $2,460,883 |
Jackson Hole Area Chamber Of Commerce Jackson, WY | $829,957 | $1,793,971 |
Colorado Technology Association Denver, CO | $933,640 | $1,573,339 |
League Of Nebraska Municipalities Lincoln, NE | $6,062,913 | $1,991,471 |