Overview
What is Northeast Wisconsin Economic Development Corporation?
The Northeast Wisconsin Economic Development Corporation is a nonprofit organization located in Rhinelander, Wisconsin. It primarily serves as a landlord for commercial properties, generating financial resources to support its mission. This mission is twofold: promoting economic development within the region and offering opportunities for underemployed and low-income families. To achieve these goals, the corporation engages in capital investment and the development of private business opportunities. The organization strives to contribute positively to the local economy and improve living standards for those in need.
Is Northeast Wisconsin Economic Development Corporation legitimate?
Northeast Wisconsin Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Northeast Wisconsin 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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What is the mission statement of Northeast Wisconsin Economic Development Corporation?
The Northeast Wisconsin Economic Development Corporation is committed to fostering economic growth in the region. One of their primary objectives is to create opportunities for underemployed and low-income families through the development of capital investment and private business ventures. Their activities aim to promote economic development, thereby contributing to the region's overall prosperity. They generate financial resources to support their tax-exempt objectives by holding commercial rental property.
What is the revenue of Northeast Wisconsin Economic Development Corporation?
Northeast Wisconsin Economic Development Corporation's revenue in 2024 was $173,023.
Who are the executives of Northeast Wisconsin Economic Development Corporation and what are their salaries?
There 21 volunteers at Northeast Wisconsin Economic Development Corporation.
Here are 17 key members and their salaries:
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Where can I find the form 990 for Northeast Wisconsin Economic Development Corporation?
Northeast Wisconsin Economic Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Northeast Wisconsin Economic Development Corporation
The Northeast Wisconsin Economic Development Corporation, as its name suggests, is committed to fostering economic growth in the region. Its primary objective is to create opportunities for underemployed and low-income families by investing in capital and nurturing private business ventures. The organization achieves this mission by holding commercial rental properties, the profits from which are utilized to support its tax-exempt purpose. In essence, the Northeast Wisconsin Economic Development Corporation serves as a catalyst for economic development in the region, providing a platform for growth and prosperity for its local community.
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Impact
October, 2024
Northeast Wisconsin Economic Development Corporation plays a crucial role in driving economic development in the region. By focusing on the creation of capital investments and fostering private business opportunities, it promotes job growth and stability, particularly for underemployed and low- to moderate-income families. The organization not only generates financial resources through its commercial rental property holdings but also reinvests those resources to further its mission. This approach enhances community improvement efforts, ultimately leading to more vibrant local economies and improved living conditions for residents in the Rhinelander area and beyond.
This information is meant to be a general summary of Northeast Wisconsin 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 2024.
- Investment Income: $13,829
- Program Service Revenue: $59,194
- Gross Receipts: $173,023
Assets and Liabilities:
- Total Assets: $532,893
- Total Liabilities: $274,503
- Net Assets: $258,390
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Commercial Property Lease
Revenue
$58,500
Revolving Loan Fund
Revenue
$694
Organization Details
Founding Year
2005
Principal Officer
Todd Leyden
NTEE Category
Code: S80 - Community improvement
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