Overview
What is Lamoille Economic Development Corp?
Lamoille Economic Development Corp (LEDC) is a nonprofit organization situated in Morrisville, Vermont. Its primary mission is to bolster the economy of Lamoille County by fostering job creation and business growth. They achieve this through various means, including financing, consulting, business recruitment and retention, economic development, marketing, legislative advocacy, and providing various support services to businesses across all commercial sectors. The corporation's activities are geared towards investing in the prosperity of Lamoille County's communities, with a focus on facilitating job expansion and business growth.
Official website here: www.lamoilleeconomy.org
What do the Facebook reviews say about Lamoille Economic Development Corp?
Currently, Lamoille Economic Development Corp has not received a formal rating on Facebook, with only three reviews available. Here's a look at what users had to say:
One reviewer expressed a fondness for the organization's mission, specifically highlighting the support provided to local small enterprises. However, it's worth noting that this particular user did not recommend the nonprofit. This suggests a sentiment that, while recognizing the potential value of economic development efforts, may not be entirely convinced about the organization's effectiveness or overall impact.
In summary, feedback indicates a recognition of the importance of the nonprofit’s work in aiding small businesses, but the lack of a recommendation from the reviewer points to some reservations. More reviews will be needed to form a clearer picture of the community's sentiment towards Lamoille Economic Development Corp.
This AI summary has been generated from reviews found on Facebook.
Is Lamoille Economic Development Corp legitimate?
Lamoille Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lamoille Economic Development Corp 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: $91,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lamoilleeconomy.org
What is the mission statement of Lamoille Economic Development Corp?
The Lamoille Economic Development Corp's mission is centered around strengthening the local economy. They achieve this by facilitating the creation and expansion of jobs and businesses, as well as investing in the prosperity of the communities within the region. The corporation operates jointly with the Lamoille Chamber of Commerce, employing various strategies such as financing, job creation, consulting, business recruitment and retention, economic development, marketing, legislative advocacy, and providing support services to all businesses across various commercial sectors. Their ultimate goal is to stimulate economic growth and development within the community.
Official website here: www.lamoilleeconomy.org
Who is the CEO of Lamoille Economic Development Corp?
Patrick Ripley is the Director of Lamoille Economic Development Corp.
Official website here: www.lamoilleeconomy.org
What is the revenue of Lamoille Economic Development Corp?
Lamoille Economic Development Corp's revenue in 2023 was $105,330.
Official website here: www.lamoilleeconomy.org
Who are the executives of Lamoille Economic Development Corp and what are their salaries?
The average compensation at Lamoille Economic Development Corp during 2023 was $91,284. There is 1 employee at Lamoille Economic Development Corp.
Here are 11 key members and their salaries:
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Official website here: www.lamoilleeconomy.org
Where can I find the form 990 for Lamoille Economic Development Corp?
Lamoille Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lamoilleeconomy.org
Learn more at the official website: www.lamoilleeconomy.org
Mission Statement of Lamoille Economic Development Corp
Lamoille Economic Development Corp (LEDC) is committed to strengthening the economic well-being of its community by facilitating the creation and expansion of jobs and businesses. This organization invests in the prosperity of Lamoille County's communities, working tirelessly to foster a thriving economic environment. Operating in partnership with the Lamoille Chamber of Commerce, LEDC provides a range of support services to businesses across all commercial sectors, including financing, consulting, business recruitment and retention, economic development, marketing, legislative advocacy, and other essential resources. By leveraging these offerings, LEDC plays a vital role in bolstering the economic growth and vitality of Lamoille County, ultimately contributing to a brighter future for its residents and businesses alike.
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Impact
October, 2024
Lamoille Economic Development Corp (LEDC) significantly impacts Lamoille County's economy by facilitating job creation and business expansion. The organization collaborates closely with the Lamoille Chamber of Commerce to strengthen local economic conditions through a range of services, including financing, consulting, and business recruitment and retention efforts.
LEDC actively supports businesses across all sectors, utilizing marketing strategies and engaging in legislative advocacy to create a favorable environment for economic growth. By prioritizing the prosperity of Lamoille County's communities, LEDC not only fosters the local job market but also enhances overall community well-being, thereby contributing to a thriving local economy.
This information is meant to be a general summary of Lamoille Economic Development Corp. 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 2023.
- Investment Income: $8,401
- Program Service Revenue: $72,755
- Gross Receipts: $120,737
Assets and Liabilities:
- Total Assets: $848,077
- Total Liabilities: $107,298
- Net Assets: $740,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$42,400
COMMISSIONS
Revenue
$21,120
SERVICE/ADMIN FEES
Revenue
$6,937
LOAN INTEREST INCOME
Revenue
$2,298
Organization Details
Founding Year
1968
Phone
(802) 888-5640Principal Officer
Patrick Ripley
Main Address
PO BOX 455, MORRISVILLE, VT, 05661
Website
www.lamoilleeconomy.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Lamoille Economic Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.