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Rogers-Lowell Economic Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201864947 ✦ Rogers, AR ✦ Designated as a 501(c)(6)

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Overview

What is Rogers-Lowell Economic Development Corporation?

The Rogers-Lowell Economic Development Corporation is a nonprofit organization dedicated to fostering economic growth in the cities of Rogers, with a population of 72,999, and Lowell, home to 9,839 residents. This corporation operates solely for the economic benefit of enterprises in both communities. Through consulting services, they have collaborated with over 845 prospective businesses, ultimately contributing to the creation of jobs within these cities. Their mission is to function under IRS 501(C)(6), with a primary goal of promoting a shared economic interest among all businesses in Rogers and Lowell, Arkansas.


Official website here: www.rogerslowell.com

What do the Facebook reviews say about Rogers-Lowell Economic Development Corporation?

92% of 54 reviewers on Facebook recommend this nonprofit. Here’s a summary of their reviews:

Many commenters praise the organization as an invaluable resource for the community and local small business owners. They express gratitude for the assistance and support provided, highlighting the positive impact the nonprofit has on economic development in the area.

Overall, the sentiment reflects a strong endorsement of the services offered, suggesting that the Rogers-Lowell Economic Development Corporation truly meets the needs of its constituents and fosters growth within the community.


This AI summary has been generated from reviews found on Facebook.

Is Rogers-Lowell Economic Development Corporation legitimate?

Rogers-Lowell Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rogers-Lowell 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rogerslowell.com

What is the mission statement of Rogers-Lowell Economic Development Corporation?

The Rogers-Lowell Economic Development Corporation operates for the public benefit, primarily focusing on the economic growth of all businesses within its jurisdiction. This organization, as per the Internal Revenue Service's 501(C)(6), is dedicated to promoting the common economic interest of enterprises. Its mission is to operate exclusively for the economic benefit of these businesses, aiming to enhance their overall prosperity. The corporation provides economic development services, consulting with numerous prospective businesses, which in turn leads to the creation of jobs in both communities.


Official website here: www.rogerslowell.com

Who is the CEO of Rogers-Lowell Economic Development Corporation?

Mike Watts is the Chairman Of The Board of Rogers-Lowell Economic Development Corporation.


Official website here: www.rogerslowell.com

What is the revenue of Rogers-Lowell Economic Development Corporation?

Rogers-Lowell Economic Development Corporation's revenue in 2022 was $840,746.


Official website here: www.rogerslowell.com

Who are the executives of Rogers-Lowell Economic Development Corporation and what are their salaries?

There 7 volunteers at Rogers-Lowell Economic Development Corporation.


Here are 7 key members and their salaries:


Mike Watts (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Harris (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond Burns (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Foraker (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Trammel (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Gairhan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Crafton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rogerslowell.com

Where can I find the form 990 for Rogers-Lowell Economic Development Corporation?

Rogers-Lowell Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rogerslowell.com

Learn more at the official website: www.rogerslowell.com

Mission Statement of Rogers-Lowell Economic Development Corporation

The Rogers-Lowell Economic Development Corporation, a nonprofit organization, is dedicated to promoting the economic growth and prosperity of all enterprises within the cities of Rogers and Lowell, Arkansas. Operating under the Internal Revenue Service's 501(c)(6), this corporation is committed to serving the common economic interest of both communities. Its mission is to provide economic development services that benefit the public, fostering an environment conducive to business creation and job growth. The corporation has demonstrated its commitment by consulting with over 845 prospective businesses, resulting in the creation of jobs in both cities.

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Impact




October, 2024

The Rogers-Lowell Economic Development Corporation significantly impacts the economic landscape of Rogers and Lowell, Arkansas, by fostering growth and development in both cities. It provides essential economic development services designed to benefit the local community and enhance the economic interests of all enterprises operating within these areas.

By consulting with over 845 prospective businesses, the organization plays a vital role in attracting new companies and investments, directly contributing to job creation in Rogers, with a population of 72,999, and Lowell, home to 9,839 residents. This influx of businesses not only stimulates the local economy but also promotes community improvement, ultimately enriching the quality of life for residents. The corporation's strategic efforts ensure a thriving economic environment that supports the growth and sustainability of local enterprises, benefiting the entire region.




This information is meant to be a general summary of Rogers-Lowell 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.

Revenue
$840,746 (2022)
Expenses
$840,746 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $833,885
  • Gross Receipts: $840,746

Assets and Liabilities:

  • Total Assets: $5,179
  • Total Liabilities: $2,846
  • Net Assets: $2,333

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REIMBURSEMENTS

Revenue

$459,885

CITY OF ROGERS CONTRAC

Revenue

$374,000

Organization Details

Founding Year

1995

Principal Officer

Mike Watts

Main Address

317 WEST WALNUT, ROGERS, AR, 72756

NTEE Category

Code: S41 - Community improvement

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