Belmond Growth Alliance
- Assets
- $128.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belmond, IA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4161169
Organization Overview
Belmond Growth Alliance is located in Belmond, IA. 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. Belmond Growth Alliance 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 12/2022, Belmond Growth Alliance generated $77.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $44.6k during the year ending 12/2022. 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
OUR PURPOSE IS TO ADVANCE THE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL, EDUCATIONAL, SOCIAL, AND CIVIC WELFARE OF THE BELMOND, IA AREA. TO ENCOURAGE THE GROWTH OF THE EXISTING INDUSTRIES AND BUSINESSES, WHILE GIVING ALL PROPER ASSISTANCE TO ANY NEW FIRMS OR INDIVIDUALS SEEKING TO LOCATE IN THE BELMOND, IA AREA. TO PROACTIVELY RECRUIT, ATTRACT AND AID IN SECURING NEW BUSINESS AND INDUSTRY THROUGH A VARIETY OF MEANS, TO INCLUDE LOCATING, DEVELOPING, AND MAKING AVAILABLE SUITABLE COMMERCIAL AND INDUSTRIAL SITES AND LOCATIONS. TO SUPPORT ALL THOSE ACTIVITIES BELIEVED TO BE BENEFICIAL TO THE COMMUNITY. AND IN GENERAL, TO PROMOTE THE WELFARE OF ALL AREA CITIZENS, FOLLOWING THOSE POLICIES INTENDED TO ACCOMPLISH THE GREATEST GOOD FOR THE GREATEST NUMBER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linzie M Morris President | 1 | $0 | |
Eric Simonson Vice Preside | 1 | $0 | |
Kathryn M Ketchum Director | 1 | $0 | |
Cheryl Gardner Director | 1 | $0 | |
Tate D Goeman Director | 1 | $0 | |
Trish Morris Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,049 |
| Total Program Service Revenue | $11,155 |
| Membership dues | $0 |
| Investment income | $554 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,758 |
| 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 | $565 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,036 |
| Total expenses | $44,601 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,302 |
| Other assets | $0 |
| Total assets | $128,192 |
| Total liabilities | $7,890 |
| Net assets or fund balances | $120,302 |