Overview
What is Washington County Economic Development Corporation?
The Washington County Economic Development Corporation is a nonprofit organization with a mission to stimulate business growth and drive economic prosperity in Washington County. Headquartered at 2151 N MAIN STREET, WEST BEND, WI 53090, the corporation serves this purpose by promoting the county as an attractive business destination and managing loans for the Washington County Revolving Loan Fund. This fund provides financial assistance to local companies, ensuring the establishment of a reserve to cover potential loan losses. With a dedicated workforce of 4 individuals, the Washington County Economic Development Corporation plays a crucial role in fostering the creation of quality job opportunities and contributing to the overall economic growth of the county.
Official website here: www.edwc.org
Is Washington County Economic Development Corporation legitimate?
Washington County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Washington County 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: $123,844
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,562
For more financial information, click here
Official website here: www.edwc.org
What is the mission statement of Washington County Economic Development Corporation?
The Washington County Economic Development Corporation's mission is centered around promoting the growth of businesses within the county, ultimately leading to the creation of high-quality job opportunities and fostering economic prosperity locally. To achieve this goal, the corporation actively works to attract businesses to the area and offers servicing for loans through the Washington County Revolving Loan Fund, which includes establishing a loan loss reserve.
Official website here: www.edwc.org
Who is the CEO of Washington County Economic Development Corporation?
Christian Tscheschlok is the Executive Di of Washington County Economic Development Corporation.
Official website here: www.edwc.org
What is the revenue of Washington County Economic Development Corporation?
Washington County Economic Development Corporation's revenue in 2022 was $624,633.
Official website here: www.edwc.org
Who are the executives of Washington County Economic Development Corporation and what are their salaries?
The average compensation at Washington County Economic Development Corporation during 2022 was $87,602. There are 4 employees and 14 volunteers at Washington County Economic Development Corporation.
Here are 15 key members and their salaries:
- Compensation: $123,844
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Official website here: www.edwc.org
Where can I find the form 990 for Washington County Economic Development Corporation?
Washington County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edwc.org
Learn more at the official website: www.edwc.org
Mission Statement of Washington County Economic Development Corporation
The Washington County Economic Development Corporation is committed to driving the growth of businesses in the area, aiming to create an abundance of high-quality job opportunities and foster overall economic prosperity across the county. To achieve this mission, the corporation takes on two primary roles. Firstly, it actively promotes Washington County as an attractive business location, aiming to draw in potential companies that can contribute to the county's economic growth. Secondly, the corporation provides loan servicing for the Washington County Revolving Loan Fund. This fund offers loans to businesses within the county, helping to establish a financial safety net through the establishment of a loan loss reserve. In essence, the Washington County Economic Development Corporation serves as a catalyst for business growth and job creation, ultimately contributing to the county's overall economic vitality.
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Impact
October, 2024
The Washington County Economic Development Corporation plays a crucial role in enhancing the economic landscape of Washington County by focusing on the growth of businesses that lead to the creation of high-quality jobs. By promoting Washington County as a prime location for new and expanding businesses, the organization helps attract investment and drive economic prosperity throughout the region.
A significant part of its impact comes from the management and servicing of loans through the Washington County Revolving Loan Fund. This initiative not only provides financial support to local businesses but also establishes a loan loss reserve to mitigate risks, ensuring sustainable growth. The Corporation’s efforts are vital for fostering a business-friendly environment, encouraging entrepreneurial ventures, and supporting existing companies in their expansion plans. Ultimately, its work contributes to community improvement and strengthens the overall economy of Washington County.
This information is meant to be a general summary of Washington County 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: $306
- Program Service Revenue: $624,107
- Gross Receipts: $624,633
Assets and Liabilities:
- Total Assets: $398,972
- Total Liabilities: $165,658
- Net Assets: $233,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVOLVING LOAN FUND FEES
Revenue
$479,943
SUBSCRIPTION REVENUE
Revenue
$57,960
MEMBERSHIP INCOME
Revenue
$43,165
CONSULTING
Revenue
$43,039
Organization Details
Founding Year
2006
Phone
(262) 335-5895Principal Officer
Christian Tscheschlok
Main Address
2151 N MAIN STREET, WEST BEND, WI, 53090
Website
www.edwc.orgNTEE Category
Code: S30 - Community improvement
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