Overview
What is Luther Forest Technology Campus Economic Development Corporation?
Luther Forest Technology Campus Economic Development Corporation is a nonprofit organization situated in Saratoga Springs, New York. Its primary objective is to stimulate the growth and establishment of nanotechnology and related industries within Saratoga County. To achieve this, the corporation purchased approximately 1,414 acres of land and developed it for industry expansion. In 2008, a section of the land was sold, and a manufacturing site was constructed, leading to the creation of employment opportunities for over 3,000 individuals in the county. The organization continues to lease additional land within the campus and is contemplating another land sale. Infrastructure developments have also been completed to support the overall expansion plan.
Official website here: www.lutherforest.org
Is Luther Forest Technology Campus Economic Development Corporation legitimate?
Luther Forest Technology Campus Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Forest Technology Campus Economic 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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Official website here: www.lutherforest.org
What is the mission statement of Luther Forest Technology Campus Economic Development Corporation?
The Luther Forest Technology Campus Economic Development Corporation seeks to encourage the establishment and expansion of nanotechnology and other industries within its sphere, thereby creating job opportunities. The organization has taken significant steps towards achieving this mission, including purchasing approximately 1414 acres for development and attraction of nanotechnology businesses. In 2008, a portion of this land was sold, leading to the construction of a manufacturing site that has provided employment to over 3000 people. Additionally, other land within the campus has been leased, and an infrastructure expansion is recently complete. Further land sales are contemplated to continue the corporation's mission.
Official website here: www.lutherforest.org
What is the revenue of Luther Forest Technology Campus Economic Development Corporation?
Luther Forest Technology Campus Economic Development Corporation's revenue in 2020 was $174,322.
Official website here: www.lutherforest.org
Who are the executives of Luther Forest Technology Campus Economic Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.lutherforest.org
Where can I find the form 990 for Luther Forest Technology Campus Economic Development Corporation?
Luther Forest Technology Campus Economic Development Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.lutherforest.org
Learn more at the official website: www.lutherforest.org
Mission Statement of Luther Forest Technology Campus Economic Development Corporation
Luther Forest Technology Campus Economic Development Corporation is an organization dedicated to encouraging the establishment and expansion of nanotechnology and other industries within Saratoga County. Their mission is to create job opportunities in this sector, fostering economic growth in the region. To achieve this goal, the corporation purchased approximately 1,414 acres of land, which they have developed and used to attract businesses in the nanotechnology field. Their efforts have resulted in the construction of a manufacturing site, providing employment to over 3,000 individuals within the county. Additionally, the corporation has leased out other land within the campus and is contemplating a future land sale. Furthermore, they have completed infrastructure development within the campus, signifying their commitment to fostering a conducive environment for these industries to thrive.
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Impact
October, 2024
Luther Forest Technology Campus Economic Development Corporation has significantly impacted Saratoga County through its strategic focus on the development and attraction of nanotechnology and related industries. By purchasing approximately 1,414 acres, the organization has created a foundation for economic growth in the region.
The establishment of a manufacturing site on sold land has led to the creation of around 3,000 jobs, effectively bolstering local employment opportunities. This influx of jobs supports not just the workforce but also stimulates the local economy, benefiting a range of businesses and services in Saratoga Springs and surrounding areas. Furthermore, the leasing of additional land within the campus is indicative of ongoing development efforts, with further land sales and infrastructure expansions on the horizon.
Overall, the Corporation's initiatives foster community improvement, enhance the economic landscape, and position Saratoga County as a hub for technological advancement and industrial growth.
This information is meant to be a general summary of Luther Forest Technology Campus 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 2020.
- Gross Receipts: $174,322
Assets and Liabilities:
- Total Assets: $17,461,739
- Total Liabilities: $11,402,865
- Net Assets: $6,058,874
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Organization Details
Founding Year
2004
Principal Officer
Joseph W Dalton Jr
Website
www.lutherforest.orgNTEE Category
Code: S30 - Community improvement
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