Overview
What is County Of Mono Economic Development Corporation?
The County Of Mono Economic Development Corporation is a nonprofit entity based in Bridgeport, California (ZIP code 93517). Its primary function is to provide financial assistance to Mono County by engaging in various financial activities, such as financing, refinancing, acquiring, constructing, improving, leasing, selling, or otherwise conveying public improvements and properties. This is accomplished through the issuance of certificates of participation or similar security arrangements. The corporation collects annual payments on direct financing leases from Mono County and makes debt service payments on the underlying obligation. The nonprofit's purpose is to contribute financially to Mono County's development, enhancing the county's public infrastructure and property.
Is County Of Mono Economic Development Corporation legitimate?
County Of Mono Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. County Of Mono Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of County Of Mono Economic Development Corporation?
The County of Mono Economic Development Corporation's mission is to provide financial assistance to the county by utilizing various means, such as financing, refinancing, acquiring, constructing, improving, leasing, selling, or otherwise conveying public improvements and property. This is achieved through the issuance of certificates of participation or similar security arrangements. In essence, the corporation aims to support Mono County's development projects by providing the necessary financial resources.
Who is the CEO of County Of Mono Economic Development Corporation?
Bob Gardner is the President-Chair District 3 Mono County Supervisor of County Of Mono Economic Development Corporation.
What is the revenue of County Of Mono Economic Development Corporation?
County Of Mono Economic Development Corporation's revenue in 2022 was $977,136.
Who are the executives of County Of Mono Economic Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $161,327
- Other: $0
- Compensation: $0
- Related: $116,610
- Other: $0
- Compensation: $0
- Related: $66,389
- Other: $0
- Compensation: $0
- Related: $66,366
- Other: $0
- Compensation: $0
- Related: $64,004
- Other: $0
- Compensation: $0
- Related: $56,746
- Other: $0
- Compensation: $0
- Related: $54,112
- Other: $0
Where can I find the form 990 for County Of Mono Economic Development Corporation?
County Of Mono Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of County Of Mono Economic Development Corporation
The County of Mono Economic Development Corporation, as outlined in its mission, is committed to providing financial assistance to Mono County. This nonprofit organization accomplishes this by engaging in various financial activities, such as financing, refinancing, acquiring, constructing, improving, leasing, selling, or otherwise conveying public improvements and property of any kind. The corporation achieves this objective through the issuance of certificates of participation or similar security arrangements. In simpler terms, the County of Mono Economic Development Corporation serves to support Mono County's financial needs by providing funding for public projects and property developments. This is accomplished through the issuance of financial securities, which Mono County can utilize to finance, refinance, or sell public improvements or properties. The corporation collects annual payments from Mono County as part of its non-operating lease interest expense, which it then uses to make debt service payments on the underlying obligation.
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Impact
October, 2024
The County of Mono Economic Development Corporation significantly contributes to the economic stability and growth of Mono County by facilitating financing for essential public improvements and properties. Its financial activities include the issuance of certificates of participation and similar securities, enabling various projects that enhance the region's infrastructure and overall quality of life.
In the most recent fiscal period, the corporation reported non-operating lease interest expenses and revenues of $977,136, indicating a balanced approach to managing its financial commitments. By collecting annual payments on direct financing leases from Mono County, the corporation ensures that funds are available for debt service payments, thereby supporting ongoing financial health.
Through these mechanisms, the corporation aids the county in acquiring and improving critical assets, ultimately fostering public benefit and strengthening the local economy. This dynamic not only addresses immediate infrastructure needs but also positions Mono County for sustainable development and growth in the future.
This information is meant to be a general summary of County Of Mono Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $977,136
Assets and Liabilities:
- Total Assets: $26,758,800
- Total Liabilities: $26,758,800
- Net Assets: $0
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Organization Details
Founding Year
2001
Phone
(760) 932-5490Principal Officer
Bob Gardner
Main Address
PO Box 556, Bridgeport, CA, 93517
NTEE Category
Code: W112 - Public benefit
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