GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
GRANT COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 22-3787477)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-17
IRS object ID
201712909349300301
Schema version
2016v3.0
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)
Return2017-10-17T00:17:35-04:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454006887PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MATKIN ACCOUNTING SERVICESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1108 S MAIN STREETAddressLine1Txt
CityUlyssesCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67880ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223787477EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRANT COUNTY ECONOMIC DEVELOPEMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGRANBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113B SOUTH MAINAddressLine1Txt
CityUlyssesCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67880ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBOB DALEPersonNm
Person TitleEXECUTIVE DIRECPersonTitleTxt
Phone6203562171PhoneNum
Signature2017-10-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARCUS MATKINPreparerPersonNm
PTINP01586695PTIN
Phone6203561036PhoneNum
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address24.224.1.154IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-10-17IPDt
IP Tm00:19:04IPTm
Federal Original Submission Id4839502017290xfpwliaFederalOriginalSubmissionId
Federal Original Submission Id2017-10-17FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdAD5168AFB7849532CBC971C9F7F330380F773F2CAtSubmissionCreationDeviceId
At Submission Filing Device IdAD5168AFB7849532CBC971C9F7F330380F773F2CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$166,545GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateKSLegalDomicileStateCd
Activity Or MissionPROVIDE LOCAL ECONOMIC DEVELOPEMENTActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Gross UBI$6,078TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$350,623PYProgramServiceRevenueAmt
CY Program Service Revenue$150,000CYProgramServiceRevenueAmt
PY Investment Income$4,174PYInvestmentIncomeAmt
CY Investment Income$6,078CYInvestmentIncomeAmt
PY Other Revenue$18,063PYOtherRevenueAmt
CY Other Revenue$10,467CYOtherRevenueAmt
PY Total Revenue$372,860PYTotalRevenueAmt
CY Total Revenue$166,545CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$61,255PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$64,235CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$89,795PYOtherExpensesAmt
CY Other Expenses$63,499CYOtherExpensesAmt
PY Total Expenses$151,050PYTotalExpensesAmt
CY Total Expenses$127,734CYTotalExpensesAmt
PY Revenues Less Expenses$221,810PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$38,811CYRevenuesLessExpensesAmt
Total Assets BOY$1,025,974TotalAssetsBOYAmt
Total Assets EOY$1,060,313TotalAssetsEOYAmt
Total Liabilities BOY$19,010TotalLiabilitiesBOYAmt
Total Liabilities EOY$14,538TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,006,964NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,045,775NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE LOCAL ECONOMIC DEVELOPEMENTMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$127,734ExpenseAmt
DescINCREASE LOCAL ECONOMIC DEVELOPEMENTDesc
Total Program Service Expenses$127,734TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
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
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBOB DALEPersonNm
Phone6203562171PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1113B SOUTH MAINAddressLine1Txt
CityUlyssesCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67880ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
BOB DALE
EXECUTIVE DIRECTOR40.000.00Yes (X)$0$0$0
Larry Altus
Board Member1.000.00$0$0$0Yes (X)
GREG WARTMAN
TREASURE1.000.00$0$0$0Yes (X)
ROB KREUTZER
President1.000.00$0$0$0Yes (X)
MONTY TEETER
BOARD MEMBER1.000.00$0$0$0Yes (X)
VICKI HOLEMAN
BOARD MEMBER1.000.00$0$0$0Yes (X)
STEVE EPERSON
BOARD MEMBER1.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
APROPRIATIONS900099$50,000$50,000
OPERATING FUNDS900099$100,000$100,000
FieldValueIRS element (for citing)
Total Program Service Revenue$150,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,078TotalRevenueColumnAmt
Unrelated Business Revenue$6,078UnrelatedBusinessRevenueAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$8,750RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$8,750RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,750TotalRevenueColumnAmt
Related Or Exempt Func Income$8,750RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
REIMBURSEMENT OF UTILIT900099$1,691$1,691
CAPITAL CREDITS900099$26$26
FieldValueIRS element (for citing)
Other Revenue Total$1,717OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$166,545TotalRevenueColumnAmt
Related Or Exempt Func Income$160,467RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$6,078UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$59,298TotalAmt
Program Services$59,298ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,937TotalAmt
Program Services$4,937ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$549TotalAmt
Program Services$549ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,926TotalAmt
Program Services$5,926ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$26,206TotalAmt
Program Services$26,206ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,191TotalAmt
Program Services$1,191ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,517TotalAmt
Program Services$12,517ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,575TotalAmt
Program Services$6,575ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
AUTO EXPENSE$553$553
BAD DEBT$2,898$2,898
REPAIR AND MAINTENANCE$6,084$6,084
PROGRAM EXPENSE$1,000$1,000

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$127,734TotalAmt
Program Services$127,734ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$647,183BOYAmt
EOY$636,130EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$875BOYAmt
EOY$875EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$85,147BOYAmt
EOY$140,200EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$398,606LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$115,498LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$292,769BOYAmt
EOY$283,108EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,025,974BOYAmt
EOY$1,060,313EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$19,010BOYAmt
EOY$14,538EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$19,010BOYAmt
EOY$14,538EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$221,810BOYAmt
EOY$260,621EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$785,154BOYAmt
EOY$785,154EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,006,964BOYAmt
EOY$1,045,775EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,025,974BOYAmt
EOY$1,060,313EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$38,811ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$70,347InvestmentCostOrOtherBasisAmt
Depreciation$115,498DepreciationAmt
Book Value-$45,151BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$301,967InvestmentCostOrOtherBasisAmt
Book Value$301,967BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$26,292InvestmentCostOrOtherBasisAmt
Book Value$26,292BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$283,108TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990 governing body review Part VI line 11GOVERNING BODY WAS SUPPLIED FORM 990 AND APPROVED THE FILING
Governing documents etc available to public Part VI line 19DOCUMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST

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