Overview
What is Springfield Regional Development Corp?
Springfield Regional Development Corp is a nonprofit organization situated in Springfield, Vermont. Their primary mission is to foster collaboration between public and private sectors to attract new employment opportunities and industries to the region. Additionally, they are committed to revitalizing old manufacturing facilities and putting them back into use. With a team of eight dedicated individuals, they are actively working towards their goal of economic growth and development in the Springfield area.
Official website here: www.springfielddevelopment.org
Is Springfield Regional Development Corp legitimate?
Springfield Regional Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Springfield Regional 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: $103,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,447
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Official website here: www.springfielddevelopment.org
What is the mission statement of Springfield Regional Development Corp?
The Springfield Regional Development Corp serves as a regional development center, aiming to facilitate a collaboration between public and private sectors. Its primary objective is to stimulate job creation and attract new industries to the region. Furthermore, the organization is dedicated to revitalizing former manufacturing facilities, transforming them into functional spaces once again.
Official website here: www.springfielddevelopment.org
What is the revenue of Springfield Regional Development Corp?
Springfield Regional Development Corp's revenue in 2024 was $510,661.
Official website here: www.springfielddevelopment.org
Who are the executives of Springfield Regional Development Corp and what are their salaries?
The average compensation at Springfield Regional Development Corp during 2024 was $34,564. There are 8 employees and 8 volunteers at Springfield Regional Development Corp.
Here are 7 key members and their salaries:
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- Compensation: $100,769
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Official website here: www.springfielddevelopment.org
Where can I find the form 990 for Springfield Regional Development Corp?
Springfield Regional Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.springfielddevelopment.org
Learn more at the official website: www.springfielddevelopment.org
Mission Statement of Springfield Regional Development Corp
Springfield Regional Development Corp, as a regional development center, is dedicated to coordinating both public and private efforts. Their primary goal is to stimulate the creation of new jobs and attract industry to the region. Additionally, they focus on revitalizing former manufacturing facilities and putting them back into service. By coordinating these efforts, Springfield Regional Development Corp aims to contribute to the economic growth and development of the region.
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Impact
October, 2024
Springfield Regional Development Corp plays a pivotal role in fostering economic growth and revitalization in the region. By coordinating efforts between public and private sectors, it successfully brings new jobs and industries to Springfield, VT. One of its key initiatives focuses on rehabilitating former manufacturing facilities, turning underutilized spaces into thriving hubs of activity and employment.
The impact of Springfield Regional Development Corp is evident in its dedication to community improvement. By creating a conducive environment for businesses to flourish, it stimulates local economies and reinvigorates the community, enhancing the overall quality of life for residents. This proactive approach not only addresses the immediate needs of job creation and economic development but also lays the groundwork for long-term sustainability in the region.
This information is meant to be a general summary of Springfield Regional 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 2024.
- Investment Income: $43,296
- Program Service Revenue: $52,325
- Gross Receipts: $1,218,112
Assets and Liabilities:
- Total Assets: $3,543,377
- Total Liabilities: $2,682,757
- Net Assets: $860,620
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Fees Earned
Revenue
$560
Contract work
Revenue
$51,765
Organization Details
Founding Year
1992
Principal Officer
Doug Gurney
NTEE Category
Code: S30Z - Community improvement
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