Overview
What is Canastota Development Corporation?
Canastota Development Corporation is a nonprofit organization that focuses on supporting startup businesses. During the period from July 1, 2016, to June 30, 2017, they invested in providing facilities for these new enterprises. Specifically, they managed the Madison County Business Incubator Center, which is situated within the Canastota Industrial Park, spanning an area of 14,400 square feet. This initiative likely aims to foster business growth and contribute to the local economy.
Official website here: www.nmbdc.com
Is Canastota Development Corporation legitimate?
Canastota Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canastota Development Corporation submitted a form 990EZ, 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.
Official website here: www.nmbdc.com
What is the mission statement of Canastota Development Corporation?
The Canastota Development Corporation's mission, during the period from July 1, 2016, to June 30, 2017, was primarily focused on supporting startup businesses. This was achieved through incurring expenses related to providing necessary facilities. Though the mission statement itself was not explicitly stated, the actions taken by the corporation, such as providing facilities for startup businesses, imply a mission to foster business growth and development.
Official website here: www.nmbdc.com
Who is the CEO of Canastota Development Corporation?
Todd Rouse is the President of Canastota Development Corporation.
Official website here: www.nmbdc.com
What is the revenue of Canastota Development Corporation?
Canastota Development Corporation's revenue in 2022 was $101,115.
Official website here: www.nmbdc.com
Who are the executives of Canastota Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.nmbdc.com
Where can I find the form 990EZ for Canastota Development Corporation?
Canastota Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.nmbdc.com
Learn more at the official website: www.nmbdc.com
Mission Statement of Canastota Development Corporation
Canastota Development Corporation's mission involves incurring expenses in support of providing facilities for the establishment of new businesses. During the period from July 1, 2016, to June 30, 2017, this nonprofit organization dedicated its resources to a business incubator center, which spanned 14,400 square feet. The primary focus of Canastota Development Corporation is to foster the growth of startups by offering them necessary facilities. This mission is a significant contribution to the entrepreneurial landscape, providing a space for new businesses to thrive and develop, thereby contributing to the overall economic growth.
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Impact
October, 2024
Canastota Development Corporation has played a significant role in fostering economic growth and community improvement within the region. By providing facilities specifically designed for startup businesses, it has created an environment conducive to innovation and entrepreneurship.
During the period from July 1, 2016, to June 30, 2017, the Madison County Business Incubator Center, located within the Canastota industrial park, served as a crucial resource for new enterprises. With a sizable 14,400 square feet of space, this center not only offers essential infrastructure but also supports the diverse needs of emerging businesses.
The impact of Canastota Development Corporation is evident in its commitment to enhancing the local economy, creating job opportunities, and encouraging the growth of small businesses that ultimately contribute to community development and sustainability. By investing in startups, it helps cultivate a vibrant economic landscape that benefits the entire Canastota area.
This information is meant to be a general summary of Canastota 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.
- Investment Income: $285
- Program Service Revenue: $100,830
- Gross Receipts: $101,115
Assets and Liabilities:
- Total Assets: $492,987
- Total Liabilities: $419
- Net Assets: $492,568
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Organization Details
Phone
(315) 697-3120Principal Officer
Todd Rouse
Main Address
PO BOX 105, CANASTOTA, NY, 13032
Website
www.nmbdc.comNTEE Category
Code: S30 - Community improvement
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