Overview
What is Southern Tier Enterprise Development Organization?
The Southern Tier Enterprise Development Organization, located in Salamanca, New York (14779), is a nonprofit institution dedicated to improving the business and economic landscape of Allegany, Chautauqua, and Cattaraugus counties in New York State. Through their Revolving Loan Funds program, they provide financing to local businesses, with the ultimate goal of creating and retaining jobs. This mission aligns with their broader objective to promote overall economic growth in the region.
Is Southern Tier Enterprise Development Organization legitimate?
Southern Tier Enterprise Development Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Tier Enterprise Development Organization 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.
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What is the mission statement of Southern Tier Enterprise Development Organization?
The Southern Tier Enterprise Development Organization has a mission to enhance the overall business and economic environment. Specifically, their goal is to promote prosperity in Allegany, Chautauqua, and Cattaraugua Counties in New York State. They achieve this by providing financing to local businesses through their revolving loan funds. The primary objective of this financing is to create and retain jobs, while simultaneously improving the general business and economic environment.
Who is the CEO of Southern Tier Enterprise Development Organization?
Jeff Stage is the President of Southern Tier Enterprise Development Organization.
What is the revenue of Southern Tier Enterprise Development Organization?
Southern Tier Enterprise Development Organization's revenue in 2022 was $410,101.
Who are the executives of Southern Tier Enterprise Development Organization and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Southern Tier Enterprise Development Organization?
Southern Tier Enterprise Development Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern Tier Enterprise Development Organization
The Southern Tier Enterprise Development Organization, with a focus on Allegany, Chautauqua, and Cattaraugus Counties in New York State, is dedicated to enhancing the overall business and economic environment in the region. To achieve this goal, the organization provides financing to local businesses through its Revolving Loan Funds. This financial support is designed to create and retain jobs, ultimately contributing to the improvement of the general business and economic environment. By offering financing, the organization aims to foster the growth of businesses within the region, thereby promoting a thriving and prosperous economic landscape.
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Impact
October, 2024
Southern Tier Enterprise Development Organization significantly boosts the business landscape in Allegany, Chautauqua, and Cattaraugus Counties in New York State. By providing revolving loan funds, it empowers local businesses with essential financing aimed at job creation and retention. This initiative not only aids individual companies but also enhances the overall economic environment of the region, fostering a thriving community. The organization's commitment to promoting economic growth is pivotal in improving the quality of life and stability for residents in these counties.
This information is meant to be a general summary of Southern Tier Enterprise Development Organization. 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.
- Program Service Revenue: $95,101
- Gross Receipts: $410,101
Assets and Liabilities:
- Total Assets: $2,660,294
- Total Liabilities: $833,334
- Net Assets: $1,826,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$95,101
Organization Details
Founding Year
1984
Phone
(716) 945-5301Principal Officer
Jeff Stage
Main Address
4039 ROUTE 219 200, SALAMANCA, NY, 14779
NTEE Category
Code: S43Z - Community improvement
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