GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 22-3787477)
Tax period
2020-01-01 to 2020-12-31
Filed
2022-11-15
IRS object ID
202243199349332034
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-15T22:04:39-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MATKIN ACCOUNTING SERVICESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1123 N GLENN STAddressLine1Txt
CityULYSSESCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67880ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223787477EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRANT COUNTY ECONOMIC DEVELOPMENTBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlGRANBusinessNameControlTxt
Phone6203562171PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113 B S MAIN STREETAddressLine1Txt
CityULYSSESCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67880ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT PASSINIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6203562171PhoneNum
Signature2022-01-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstROBERTPersonFirstNm
Person LastPASSINIPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARCUS MATKINPreparerPersonNm
PTINP01586695PTIN
Phone6203561036PhoneNum
Preparation2022-11-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT PASSINIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113B SOUTH MAIN STAddressLine1Txt
CityULYSSESCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67880ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$606,998GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Activity Or MissionPROVIDE LOCAL ECONOMIC DEVELOPEMENTActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$140,000PYProgramServiceRevenueAmt
CY Program Service Revenue$525,326CYProgramServiceRevenueAmt
PY Investment Income$6,811PYInvestmentIncomeAmt
CY Investment Income$9,129CYInvestmentIncomeAmt
PY Other Revenue$24,836PYOtherRevenueAmt
CY Other Revenue$45,496CYOtherRevenueAmt
PY Total Revenue$171,647PYTotalRevenueAmt
CY Total Revenue$579,951CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$71,582PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$73,714CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$119,939PYOtherExpensesAmt
CY Other Expenses$470,718CYOtherExpensesAmt
PY Total Expenses$191,521PYTotalExpensesAmt
CY Total Expenses$544,432CYTotalExpensesAmt
PY Revenues Less Expenses-$19,874PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$35,519CYRevenuesLessExpensesAmt
Total Assets BOY$1,027,274TotalAssetsBOYAmt
Total Assets EOY$1,062,521TotalAssetsEOYAmt
Total Liabilities BOY$4,934TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,662TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,022,340NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,057,859NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE LOCAL ECONOMIC DEVELOPMENTMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescINCREASE LOCAL ECONOMIC DEVELOPMENTDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$544,432ExpenseAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$544,432TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$544,432TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document32IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonROBERT PASSINIPersonNm
Phone6203562171PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113B SOUTH MAIN STAddressLine1Txt
CityULYSSESCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67880ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ROBERT PASSINI
EXECUTIVE DI40.00Yes (X)$67,713$0$0
KASEY KRUGER
PRESIDENT$0$0$0Yes (X)
GALEN PELTON
BOARD MEMBER$0$0$0Yes (X)
OMAR PEREZ
BOARD MEMBER$0$0$0Yes (X)
JEFF PFINGSTEN
BOARD MEMBER$0$0$0Yes (X)
SAMANTHA SANCHEZ
BOARD MEMBER$0$0$0Yes (X)
JOSH SULLIVAN
BOARD MEMBER$0$0$0Yes (X)
LAURA VARELA
BOARD MEMBER$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$67,713TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
APPROPRIATIONS900099$390,326$390,326
OPERATING FUNDS900099$85,000$85,000
APPROPRIATIONS900099$50,000$50,000
FieldValueIRS element (for citing)
Total Program Service Revenue$525,326TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,176TotalRevenueColumnAmt
Related Or Exempt Func Income$6,176RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$41,050RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$41,050RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$41,050TotalRevenueColumnAmt
Related Or Exempt Func Income$41,050RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$30,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$27,047OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$2,953OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,953TotalRevenueColumnAmt
Related Or Exempt Func Income$2,953RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
REIMBURSEMENT UTILITIES900099$4,247$4,247
CAPITAL CREDITS900099$199$199
FieldValueIRS element (for citing)
Other Revenue Total$4,446OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$579,951TotalRevenueColumnAmt
Related Or Exempt Func Income$579,951RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$67,713TotalAmt
Program Services$67,713ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$676TotalAmt
Program Services$676ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,325TotalAmt
Program Services$5,325ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$756TotalAmt
Program Services$756ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,800TotalAmt
Program Services$1,800ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,940TotalAmt
Program Services$1,940ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,091TotalAmt
Program Services$12,091ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$20,516TotalAmt
Program Services$20,516ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,019TotalAmt
Program Services$1,019ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,806TotalAmt
Program Services$1,806ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,385TotalAmt
Program Services$17,385ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$13,894TotalAmt
Program Services$13,894ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
BUSINESS COVID ASSISTANCE$389,326$389,326
BAD DEBTS$10,020$10,020
BANK FEES$165$165

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$544,432TotalAmt
Program Services$544,432ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$543,400BOYAmt
EOY$366,009EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$92,230BOYAmt
EOY$206,447EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$660,356LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$170,291LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$391,644BOYAmt
EOY$490,065EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,027,274BOYAmt
EOY$1,062,521EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,934BOYAmt
EOY$4,662EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,934BOYAmt
EOY$4,662EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,022,340BOYAmt
EOY$1,057,859EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,022,340BOYAmt
EOY$1,057,859EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,027,274BOYAmt
EOY$1,062,521EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$35,519ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$84,448OtherCostOrOtherBasisAmt
Book Value$84,448BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$575,908OtherCostOrOtherBasisAmt
Depreciation$170,291DepreciationAmt
Book Value$405,617BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$490,065TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC

Reasonable Cause Explanation ReasonableCauseExplanation

FieldValueIRS element (for citing)
ExplanationORGANIZATION WAS UNAWARE OF THE RULE THAT ALL RETURNS MUST BE ELECTRONICALLY FILED.ExplanationTxt

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