Overview
What is Cortland County Business Development Corp?
Cortland County Business Development Corp is a nonprofit organization situated at 40 Main Street A, Cortland, New York 13045. Their primary mission is to enhance the quality of life in Cortland County by maintaining and expanding existing job opportunities, drawing in new employment opportunities, and stimulating investments in the area. To accomplish this, they provide funding to encourage new businesses and employment within the county. With a small team of three individuals, they contribute to the county's growth and financial stability.
Official website here: www.cortlandbusiness.com
Is Cortland County Business Development Corp legitimate?
Cortland County Business Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cortland County Business 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: $160,903
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,744
For more financial information, click here
Official website here: www.cortlandbusiness.com
What is the mission statement of Cortland County Business Development Corp?
The Cortland County Business Development Corp's mission is centered around enhancing the quality of life in the community. They aim to achieve this by preserving and expanding existing job opportunities, attracting new employment prospects, and stimulating investments of capital within the county. The organization's primary objective is to provide financial support, thereby encouraging the establishment of new businesses and fostering employment growth in Cortland County.
Official website here: www.cortlandbusiness.com
What is the revenue of Cortland County Business Development Corp?
Cortland County Business Development Corp's revenue in 2024 was $646,229.
Official website here: www.cortlandbusiness.com
Who are the executives of Cortland County Business Development Corp and what are their salaries?
The average compensation at Cortland County Business Development Corp during 2024 was $76,912. There are 4 employees and 13 volunteers at Cortland County Business Development Corp.
Here are 14 key members and their salaries:
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- Compensation: $120,065
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- Other: $40,838
Official website here: www.cortlandbusiness.com
Where can I find the form 990 for Cortland County Business Development Corp?
Cortland County Business Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cortlandbusiness.com
Learn more at the official website: www.cortlandbusiness.com
Mission Statement of Cortland County Business Development Corp
The Cortland County Business Development Corp, in its mission, strives to enhance the quality of life in the county by retaining and expanding existing job opportunities, attracting new ones, and stimulating investments of capital. This nonprofit organization aims to improve the local economy by providing funding that encourages the establishment of new businesses and creates employment opportunities within Cortland County. By pursuing these objectives, the Cortland County Business Development Corp contributes to the overall well-being of the community.
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Impact
October, 2024
Cortland County Business Development Corp plays a vital role in enhancing the quality of life in Cortland County. By focusing on the retention and expansion of existing job opportunities, the organization actively contributes to a robust local economy. Its efforts to attract new jobs not only create employment opportunities for residents but also bolster community stability and growth.
Furthermore, the organization stimulates capital investment within the county, fostering a business-friendly environment that encourages entrepreneurship and innovation. This multifaceted approach ensures that the community thrives economically and socially, benefiting residents and businesses alike. Through its dedication to economic development, Cortland County Business Development Corp helps create a more prosperous future for the entire region.
This information is meant to be a general summary of Cortland County Business 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: $30,491
- Program Service Revenue: $588,833
- Gross Receipts: $646,229
Assets and Liabilities:
- Total Assets: $1,368,610
- Total Liabilities: $210,925
- Net Assets: $1,157,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTS AND SUPPORT
Revenue
$516,803
ADMINISTRATVIE SERVICE
Revenue
$50,000
AMERICAN RESCUE PLAN
Revenue
$17,967
INTEREST ON LOANS
Revenue
$3,839
APPLICATION FEES
Revenue
$224
Organization Details
Founding Year
1992
Principal Officer
Mike Mcmahon
Website
www.cortlandbusiness.comNTEE Category
Code: S31 - Community improvement
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