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EIN 42-1318828

Marion Economic Development Company

IRS 501(c) type
501(c)(6)
Num. employees
4
City
Marion
State
Iowa
Year formed
1985
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Marion Economic Development Company strengthens and enhances economic development in Marion by transitioning bare farmland into shovel ready commercial property to facilitate growth. The company's programs include facilitating relationships between existing businesses and the city of Marion.
Total revenues
$882,633
2022
Total expenses
$708,220
2022
Total assets
$12,817,378
2022
Num. employees
4
2022

Program areas at Marion Economic Development Company

Transition bare farmland into shovel ready commercial property to facilitate Economic growth in Marion
Facilitate relationships between existing businesses and the city of Marion
Establish relationships with potential new businesses to move into Marion
Community and educational outreach through purchase, renovation and sale of homes.

Who funds Marion Economic Development Company

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Housing Fund for Linn CountyDown PMT Assistance$10,000
Collins Community Credit UnionGeneral Support$6,050

Personnel at Marion Economic Development Company

NameTitleCompensation
Nick GlewPresident$0
Dustin KernProject Manager
Cheri MonahanOutgoing Board Chair$0
Mary MeisterlingBoard Chair / Incoming Chair / Director$0
Lee EilersOutgoing Chair / Incoming Chairman / Incoming Chair / Director$0
...and 4 more key personnel

Financials for Marion Economic Development Company

RevenuesFYE 12/2022
Total grants, contributions, etc.$569,519
Program services$40,635
Investment income and dividends$2,936
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$9,035
Net gain from sale of non-inventory assets$260,508
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$882,633

Form 990s for Marion Economic Development Company

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-28990View PDF
2021-122022-09-21990View PDF
2020-122022-09-21990View PDF
2020-122021-11-15990View PDF
2019-122020-09-02990View PDF
...and 13 more Form 990s
Data update history
August 19, 2023
Updated personnel
Identified 3 new personnel
June 26, 2023
Received grants
Identified 2 new grant, including a grant for $10,000 from Housing Fund for Linn County
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelReceives government fundingManagement and technical assistance
General information
Address
1107 7th Ave Ste 201
Marion, IA 52302
Metro area
Cedar Rapids, IA
Website URL
medcoiowa.org/ 
Facebook page
medcoiowa 
Twitter profile
@medcoia 
IRS details
EIN
42-1318828
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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