Overview
What is Addison County Economic Development Corporation?
Addison County Economic Development Corporation (ACEDC) is a nonprofit organization situated in Middlebury, Vermont. Their primary focus is on supporting businesses, offering direct services such as advice, assistance, referrals, site selection, and project management. They also provide business expansion services and participate in networking events, advocating for businesses on both local and national levels. Beyond their business-centric initiatives, ACEDC extends their services to municipalities, non-profits, and community groups, contributing to economic and community development through grant writing, fiscal agency, and grant administration. Their mission is to foster an entrepreneurial and innovative environment, nurturing businesses to launch, grow, and thrive. The organization has a small but dedicated team of 4 employees.
Official website here: www.addisoncountyedc.org
Is Addison County Economic Development Corporation legitimate?
Addison County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Addison County 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: $122,157
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,673
For more financial information, click here
Official website here: www.addisoncountyedc.org
What is the mission statement of Addison County Economic Development Corporation?
The Addison County Economic Development Corporation (ACEDC) is committed to establishing a conducive entrepreneurial and innovative environment. Their mission is to support businesses in launching, growing, and thriving within this environment. ACEDC offers direct services to businesses, such as advice, assistance, referrals, site selection, and project management. They also provide business expansion services, conduct workshops and training sessions, facilitate networking opportunities, and advocate for businesses on a regional, state, and federal level. Furthermore, ACEDC extends its services to municipalities, non-profits, and community groups to foster economic and community development in the region, providing grant writing, fiscal agency, and grant administration services.
Official website here: www.addisoncountyedc.org
Who is the CEO of Addison County Economic Development Corporation?
Frederick Kenney Ii is the Executive Di of Addison County Economic Development Corporation.
Official website here: www.addisoncountyedc.org
What is the revenue of Addison County Economic Development Corporation?
Addison County Economic Development Corporation's revenue in 2023 was $234,977.
Official website here: www.addisoncountyedc.org
Who are the executives of Addison County Economic Development Corporation and what are their salaries?
The average compensation at Addison County Economic Development Corporation during 2023 was $48,458. There are 4 employees and 16 volunteers at Addison County Economic Development Corporation.
Here are 17 key members and their salaries:
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Official website here: www.addisoncountyedc.org
Where can I find the form 990 for Addison County Economic Development Corporation?
Addison County Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.addisoncountyedc.org
Learn more at the official website: www.addisoncountyedc.org
Mission Statement of Addison County Economic Development Corporation
The Addison County Economic Development Corporation (ACEDC) is dedicated to fostering an entrepreneurial and innovative environment. Their mission is centered around nurturing businesses, enabling them to launch, grow, and thrive. ACEDC achieves this by providing direct services to businesses, offering advice, assistance, referrals, site selection, and project management, as well as business expansion services. Beyond supporting individual businesses, ACEDC extends its services to the general business community by hosting workshops, providing training, facilitating networking opportunities, and advocating for businesses on both regional and national levels. Furthermore, ACEDC contributes to the advancement of economic and community development in the region by offering services to municipalities, non-profits, and community groups, which includes grant writing, fiscal agency, and grant administration.
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Impact
October, 2024
Addison County Economic Development Corporation (ACEDC) plays a pivotal role in fostering an entrepreneurial and innovative environment in the region. By providing direct services to businesses, ACEDC helps entrepreneurs launch, grow, and thrive. Their support includes expert advice, assistance with site selection and project management, as well as business expansion services tailored to meet the needs of local enterprises.
In addition to directly aiding businesses, ACEDC organizes workshops and training sessions, creating networking opportunities that help strengthen the business community. Their advocacy efforts represent the interests of businesses at local, state, and federal levels, ensuring that the voices of entrepreneurs are heard and considered in policy-making.
Moreover, ACEDC extends its services to municipalities, non-profits, and community groups, reinforcing economic and community development initiatives. Their expertise in grant writing, fiscal agency, and grant administration empowers various organizations to secure necessary funding and effectively manage projects that benefit the entire region.
Through these multifaceted services, ACEDC significantly enhances the economic landscape of Addison County, supporting a culture of innovation and collaboration that is vital for sustainable growth.
This information is meant to be a general summary of Addison County 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 2023.
- Investment Income: $807
- Program Service Revenue: $36,593
- Gross Receipts: $234,977
Assets and Liabilities:
- Total Assets: $1,152,971
- Total Liabilities: $805,663
- Net Assets: $347,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM LOANS
Revenue
$31,616
LOAN FEES
Revenue
$2,617
FEES FOR SERVICES
Revenue
$2,360
Organization Details
Founding Year
1991
Phone
(802) 388-7953Principal Officer
Frederick Kenney Ii
Main Address
1590 ROUTE 7 SOUTH 8, MIDDLEBURY, VT, 05753
Website
www.addisoncountyedc.orgNTEE Category
Code: S30 - Community improvement
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