Overview
What is Montgomery Economic Development Corporation?
Montgomery Economic Development Corporation, a nonprofit organization situated in Montgomery, Illinois, is dedicated to fostering economic growth, expansion, and diversification within the local village. Their mission encompasses encouraging businesses and industries to establish and thrive, thereby enhancing the overall economic well-being of the community. The corporation serves as a key catalyst in driving Montgomery's economic development.
Official website here: www.montgomery-illinois.org
Is Montgomery Economic Development Corporation legitimate?
Montgomery Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Montgomery Economic 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.montgomery-illinois.org
What is the mission statement of Montgomery Economic Development Corporation?
The Montgomery Economic Development Corporation, an organization based elsewhere, is dedicated to fostering economic growth, development, and diversification within its respective community. Its primary goal is to expand and strengthen the local economy, contributing to its overall prosperity. The corporation's activities encompass various initiatives aimed at attracting new businesses, supporting existing ones, and encouraging diversification in the economic landscape. It strives to create a conducive environment for economic growth, ultimately contributing to the community's overall development and well-being.
Official website here: www.montgomery-illinois.org
Who is the CEO of Montgomery Economic Development Corporation?
Jonathan P Shedden is the Treasurer of Montgomery Economic Development Corporation.
Official website here: www.montgomery-illinois.org
What is the revenue of Montgomery Economic Development Corporation?
Montgomery Economic Development Corporation's revenue in 2022 was $169,226.
Official website here: www.montgomery-illinois.org
Who are the executives of Montgomery Economic Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.montgomery-illinois.org
Where can I find the form 990EZ for Montgomery Economic Development Corporation?
Montgomery Economic Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.montgomery-illinois.org
Learn more at the official website: www.montgomery-illinois.org
Mission Statement of Montgomery Economic Development Corporation
Montgomery Economic Development Corporation, as a nonprofit organization, is committed to fostering economic growth, development, and diversification within its community. Its mission is to stimulate expansion and promote a varied economic landscape within the village of Montgomery. By taking on this role, the corporation aims to contribute positively to the local economy, potentially creating job opportunities, attracting new businesses, and improving the overall well-being of the community.
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Impact
October, 2024
Montgomery Economic Development Corporation plays a vital role in fostering economic growth and diversification in Montgomery, IL. By promoting initiatives that attract new businesses and support existing enterprises, the organization enhances the local economy and improves community well-being. Its efforts contribute to job creation, increased tax revenue, and a broader tax base, which ultimately benefits residents through enhanced public services and amenities. Furthermore, by working to diversify the local economy, the organization helps to ensure the village's resilience against market fluctuations. Overall, the impact of Montgomery Economic Development Corporation is significant in shaping a thriving, vibrant community.
This information is meant to be a general summary of Montgomery Economic 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: $46
- Gross Receipts: $169,226
Assets and Liabilities:
- Total Assets: $84,345
- Total Liabilities: $25,142
- Net Assets: $59,203
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Organization Details
Principal Officer
Jonathan P Shedden
Main Address
200 WEBSTER STREET, MONTGOMERY, IL, 60538
Website
www.montgomery-illinois.orgNTEE Category
Code: S30 - Community improvement
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