Phillips County Economic Development Corporation
- Assets
- $89.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Holyoke, CO
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 84-1571553
Organization Overview
Phillips County Economic Development Corporation is located in Holyoke, CO. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Phillips County Economic Development Corporation 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 12/2021, Phillips County Economic Development Corporation generated $66.9k 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 (7.6%) each year. All expenses for the organization totaled $75.8k 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
SEE ATTACHED SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nici Akey Vice President/treasurer | 1 | $0 | |
Tom Bennett Director | 1 | $0 | |
Marc Bornhoft President | 1 | $0 | |
Kevin Scott Director | 1 | $0 | |
Michelle Lock Director | 1 | $0 | |
Shauna Strecker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,660 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,167 |
| Investment income | $97 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,924 |
| 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 | $1,055 |
| Occupancy, rent, utilities, and maintenance | $2,404 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $72,303 |
| Total expenses | $75,762 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,195 |
| Other assets | $0 |
| Total assets | $89,195 |
| Total liabilities | $0 |
| Net assets or fund balances | $89,195 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phillips County Economic Development Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Mile High United Way Inc Denver, CO PURPOSE: COVID | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |
Wyoming Chambers Health Benefit Association Gillette, WY | $3,153,493 | $5,111,173 |
Growth Organization Of Topeka- Shawnee County Inc Topeka, KS | $18,345,904 | $5,398,082 |
Greater Topeka Partnership Inc Topeka, KS | $3,857,457 | $5,043,792 |
Oklahoma One-Call System Inc Oklahoma City, OK | $12,064,277 | $6,779,424 |
Professional Beauty Association Scottsdale, AZ | $10,884,014 | $4,839,864 |
New Better Business Bureau Inc Omaha, NE | $8,883,722 | $5,104,852 |
Salt Lake Board Of Realtors Sandy, UT | $21,819,428 | $6,834,992 |