Overview
What is Otsego County Development Corporation?
The Otsego County Development Corporation, based in Oneonta, New York, serves as a vital resource for businesses in the region. Their primary focus is on facilitating venture capital financing and promoting agricultural economic development. As a provider of a rural revolving loan fund, they offer financial support to various companies, contributing to the overall economic growth of Otsego County, New York.
Is Otsego County Development Corporation legitimate?
Otsego County Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Otsego County 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.
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What is the mission statement of Otsego County Development Corporation?
The Otsego County Development Corporation's mission is centered around economic development within its jurisdiction. Specifically, the corporation aims to assist local companies in securing venture capital financing and fosters agricultural economic growth. Additionally, they serve as a provider of a Rural Revolving Loan Fund, which is a tool for supporting economic development in rural areas. In essence, the corporation's role is to contribute to the economic growth and development of businesses within Otsego County, New York.
Who is the CEO of Otsego County Development Corporation?
James M Jordan is the President of Otsego County Development Corporation.
What is the revenue of Otsego County Development Corporation?
Otsego County Development Corporation's revenue in 2021 was $138,795.
Who are the executives of Otsego County Development Corporation and what are their salaries?
There 8 volunteers at Otsego County Development Corporation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Otsego County Development Corporation?
Otsego County Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Otsego County Development Corporation
Otsego County Development Corporation, a notable entity, is dedicated to promoting economic growth within Otsego County, New York. Their mission is centered around three key areas: assisting companies in securing venture capital financing, fostering agricultural economic development, and serving as a provider of a rural revolving loan fund. This organization plays a significant role in stimulating business growth and investment in the agricultural sector, ultimately contributing to the overall economic development of Otsego County.
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Impact
October, 2024
The Otsego County Development Corporation plays a vital role in driving economic development throughout Otsego County, New York. It primarily assists companies in securing venture capital financing, which is crucial for fostering innovation and growth within the local economy. Additionally, the organization focuses on agricultural economic development, supporting the region's agricultural sector to enhance its productivity and sustainability.
One of its key initiatives is the provision of a rural revolving loan fund, which offers financial assistance to businesses and entrepreneurs in the area. This circulation of funds helps stimulate local business growth, create jobs, and improve community infrastructure. Overall, the corporation's efforts contribute significantly to the improvement of the economic landscape in Otsego County, ultimately benefiting residents and enhancing the quality of life in the region.
This information is meant to be a general summary of Otsego County 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 2021.
- Investment Income: $13,395
- Gross Receipts: $138,795
Assets and Liabilities:
- Total Assets: $754,049
- Total Liabilities: $0
- Net Assets: $754,049
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Organization Details
Founding Year
1959
Phone
(607) 432-0400Principal Officer
James M Jordan
Main Address
PO BOX 220, ONEONTA, NY, 13820
NTEE Category
Code: S30 - Community improvement
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