NonprofitsDurant Development Corporation

Durant Development Corporation

DURANT, IA

Total revenue

$51K

Total expenses

$2K

Net assets

$746K

Grants received

EIN

421324829

Tax year

2024

Mission

The durant development corporation was established with the purpose to encourage, assist, maintain, and develop in and for the city of durant and surrounding area, industrial and business projects of such character as will enlarge employment opportunities and aid the growth and development of the city of durant and the surrounding area. The organization does this through the following activities: 1. Researching and locating desirable new businesses for establishment and development in durant. Presenting our community as a good place for the companies to locate or expand. We accomplish this by gathering information about infrastructure, site availability and pricing, comparative wage scales and similar facts about our community to present to development prospects. This work is done by volunteer board members. 2. Attempting to bring available land under control so we can market the land to prospects at an attractive price. We accomplish this by researching available land, and negotiating

Programs

1 program

The durant development corporation was created for marketing the city of durant as a good place for a company to locate and expand. The organization works together with durant city officials to gather and collate information regarding infrastructure, site availability and pricing, comparative wage scales and similar facts about the durant community to present to industrial development prospects. The organization also works with city officials to bring available land under control so they can market the land to prospects at an attractive price as opposed to dealing with inflated prices that individual landowners might charge.

Financials

FY 2024

Revenue

Contributions & grants$15K
Program service revenue$4K
Investment income$27K
Other revenue$4K
Total revenue$51K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$2K
Total expenses$2K
Total assets$1.3M
Net assets$746K

People

6 listed

NameRoleCompensation

DAN ALPEN

PRESIDENT

Board

1 hrs/wk

TOM COMPTON

DIRECTOR

Board

1 hrs/wk

DELMAR FRICK

DIRECTOR

Board

1 hrs/wk

MICHAEL R HEIN

SECRETARY/TR

Board

2 hrs/wk

GARY PAPER

DIRECTOR

Board

1 hrs/wk

BRAD WITT

VICE PRESIDE

Board

1 hrs/wk

Details

EIN421324829
Subsection06
Ruling date1990-03
Formed1988
Employees0
DURANT DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo