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Pratt Area Economic Development Corporation

Not tax-deductible

Pratt, KS501(c)(6)Since 1994Mutual / membership EIN 48-1160138Revenue $66K in FY2025

On file with the IRScityofprattks.com301 S Main St, 67124-2707 · Pratt, KSTax-exempt since Oct 1998

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To create an atmosphere conducive to business and job creation and expansion within Pratt county, KS

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $97K a year · 128% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$96K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
-1% vs prior year
Spent
$170K
To programs
79%
Net assets
$222K
By yearFY2020–FY2025
Revenue
$66K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$106K
FY2021$86K
FY2022$61K
FY2023$67K
FY2024$67K
FY2025$66K
Expenses
$170K
FY2025▼ -55%
Tap a bar for its year
Expenses by fiscal year
FY2020$21K
FY2021$127K
FY2022$184K
FY2023$158K
FY2024$374K
FY2025$170K
Net assets
$222K
FY2025▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$475K
FY2021$434K
FY2022$573K
FY2023$482K
FY2024$176K
FY2025$222K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $135K Management & general 21% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Chase Galle
President
$0Pt VII · Sec A
Casey Garten
Board Member
$0Pt VII · Sec A
Dakota Holtgrieve
Board Member
$0Pt VII · Sec A
Linda Lanterman
Board Member
$0Pt VII · Sec A
Jackie Mundt
Secretary
$0Pt VII · Sec A
See Pratt Area Economic Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Pratt Area Economic Development Corporation is a business league or trade association based in Pratt, KS, formed in 1994.

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Provided by the organization

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2 programs · $135K · in their own filed words · FY2025
01

Business assistance-grants provided to improve infrastructure and create jobs

$130Kprogram expense
02

Business assistance- grants offered to improve the building facades of local businesses

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 12 grants · $805K · 2020–2025
Great Plains AlfalfaFY2025$77,920
Sunrise Oilfield SupplyFY2025$38,000
Pratt Childcare FoundationFY2024$150,000
Full Cycle Waste SolutionsFY2024$79,000
G6 Holdings LLCFY2024$77,500
Morgan Diesel INCFY2023$66,000
Gyp Hills Cedar CoFY2023$37,000
Individual RecipientFY2022$150,000
Individual RecipientFY2021$64,000
Individual RecipientFY2021$47,000
Individual RecipientFY2021$5,332
Individual RecipientFY2020$13,728

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$66K
Ln 12
Fees for servicesLn 2g$60K
Investment incomeLn 3$6K
Money outPt IX
$170K
Ln 25
Programscol B$135K
Managementcol C$35K
Owns and owesPt X
$222K
net assets · Ln 32
Cash and savingsLn 1–2$317K
Total assetsLn 16$317K
LiabilitiesLn 26$96K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$60K
Investment incomeLn 3$6K
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$317K
Cash and savings togetherLn 1–2$317K
Total assetsLn 16$317K
LiabilitiesLn 26$96K
Net assetsLn 32$222K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$312K$317K
Total assetsLn 16$312K$317K
LiabilitiesLn 26$137K$96K
Net assetsLn 32$176K$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$121K$121K
Management feesLn 11a$30K$30K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$12K$12K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$500$500
Total functional expensesLn 25$170K$135K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $66K$170K−$104K$222K 990 PDF
FY2024 $67K$374K−$307K$176K 990 PDF
FY2023 $67K$158K−$91K$482K 990 PDF
FY2022 $61K$184K−$123K$573K 990 PDF
FY2021 $86K$127K−$41K$434K 990 PDF
FY2020 $106K$21K$86K$475K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $66,357 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $60,000$60,000
I-10 Investment incomePrior year $7,344$6,357
I-11 Other revenue$0
I-12 Total revenuePrior year $67,344$66,357
I-13 Grants and similar amounts paidPrior year $330,345$120,920
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,692$49,063
I-18 Total expensesPrior year $374,037$169,983
I-19 Revenue less expensesPrior year −$306,693−$103,626
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $66,357 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,000$60,000
VIII-3 Investment incomeRelated to mission $6,357$6,357
VIII-12 Total revenueRelated to mission $66,357$66,357
Part IX · Statement of functional expenses $169,983 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $120,920$120,920
IX-11a Management feesManagement $30,000$30,000
IX-11b Legal feesPrograms $1,375$1,375
IX-11c Accounting feesManagement $3,719$3,719
IX-11g Other fees for servicesPrograms $12,000$12,000
IX-23 InsuranceManagement $1,469$1,469
IX-24 Other expenses (24a–d)Programs $500$500
IX-25 Total functional expensesPrograms $134,795 · Management $35,188 · Fundraising $0$169,983
Part X · Balance sheet $317,460 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $312,126$317,460
X-16 Total assetsStart of year $312,126$317,460
X-25 Other liabilitiesStart of year $136,562$95,522
X-26 Total liabilitiesStart of year $136,562$95,522
X-27 Net assets without donor restrictionsStart of year $175,564$221,938
X-32 Total net assets or fund balancesStart of year $175,564$221,938
X-33 Total liabilities and net assetsStart of year $312,126$317,460
Part XI · Reconciliation of net assets $221,938 net assets at year end
XI-1 Total revenue$66,357
XI-2 Total expenses$169,983
XI-3 Revenue less expenses−$103,626
XI-4 Net assets at start of year$175,564
XI-9 Other changes in net assets$150,000
XI-10 Net assets at end of year$221,938

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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