Mercer County Area Development Corporation
- Assets
- $137.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, MO
- Founding
- Data as of
- 12/2022
- EIN
- 85-1304627
Organization Overview
Mercer County Area Development Corporation is located in Princeton, MO. According to its NTEE Classification (S32) the organization is classified as: Rural 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. Mercer County Area Development Corporation 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 12/2022, Mercer County Area Development Corporation generated $130.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 54.3% each year . All expenses for the organization totaled $30.8k during the year ending 12/2022. While expenses have increased by 37.8% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
AIDING, ASSISTING AND FOSTERING THE PLANNING, DEVELOPMENT, RENEWAL AND IMPROVEMENT OF HOUSING, BUSINESS CREATION AND IMPROVING THE GENERAL WELL-BEING TOWARD COMMUNITY REVITALIZATION AND ECONOMIC DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Kilen Secretary | 0 | $0 | |
Marcia Cox President | 0 | $0 | |
Mitch Reger Treasurer | 0 | $0 | |
Jim Johnston Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,059 |
| 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 | $130,059 |
| 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 | $28,156 |
| Occupancy, rent, utilities, and maintenance | $2,523 |
| Printing, publications, postage, and shipping | $99 |
| Other expenses | $0 |
| Total expenses | $30,778 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,740 |
| Other assets | $0 |
| Total assets | $137,740 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,740 |