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Iowa Lakes Corridor Initiative

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

EIN: 205129802 ✦ Spencer, IA ✦ Designated as a 501(c)(3)

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Overview

What is Iowa Lakes Corridor Initiative?

The Iowa Lakes Corridor Initiative is a nonprofit organization situated in Spencer, Iowa. Its primary role is to foster and support the growth of existing entrepreneurs, particularly start-ups, within the four-county region of Buena Vista, Clay, Dickinson, and Emmet Counties. They achieve this through various educational initiatives, including professional training, seminars, workshops, and mentorship programs. This nonprofit organization aims to empower local entrepreneurs by providing them with the necessary resources and guidance needed to thrive in their respective industries.

Is Iowa Lakes Corridor Initiative legitimate?

Iowa Lakes Corridor Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Lakes Corridor Initiative 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.


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

What is the mission statement of Iowa Lakes Corridor Initiative?

The Iowa Lakes Corridor Initiative serves to foster the growth of existing entrepreneurs in their startup ventures within the four-county region of Buena Vista, Clay, Dickinson, and Emmet Counties in Iowa. They accomplish this through various educational activities, including professional education, training sessions, seminars, workshops, and mentoring, all aimed at nurturing these businesses from their Spencer-based location. The organization's primary goal is to empower entrepreneurs by equipping them with the necessary knowledge and resources to thrive in their respective industries.

What is the revenue of Iowa Lakes Corridor Initiative?

Iowa Lakes Corridor Initiative's revenue in 2023 was $39,794.

Who are the executives of Iowa Lakes Corridor Initiative and what are their salaries?

Here are 18 key members and their salaries:


Curt Strouth (Executive Di)
  • Compensation: $56,510
  • Related: $0
  • Other: $0
Mike Porsh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Brian Lenzmeier (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Benjamin (Chair-2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Fairchild (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Beck (Chair-2023)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Pluth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Deitering (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donavon Wunschel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Jacobson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Berglund (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Wittmaack (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Debock (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ebony Rahe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Nicoson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jed Skogerboe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Koenecke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Beaver (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Iowa Lakes Corridor Initiative?

Iowa Lakes Corridor Initiative's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Iowa Lakes Corridor Initiative

The Iowa Lakes Corridor Initiative is committed to fostering the growth of existing entrepreneurs by offering a variety of educational resources in the four-county region of Buena Vista, Clay, Dickinson, and Emmet Counties in Iowa. This nonprofit organization, based in Spencer, provides professional education, training, seminars, workshops, and mentoring to potential business owners. Its mission is geared towards nurturing the entrepreneurial spirit and helping these individuals transform their ideas into successful start-up businesses. By offering these educational activities, the Iowa Lakes Corridor Initiative plays a crucial role in stimulating economic growth and development in the region.

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Impact




August, 2024

The Iowa Lakes Corridor Initiative has had a significant impact on the four-county region of Buena Vista, Clay, Dickinson, and Emmet Counties in Iowa. Through its educational activities such as professional education, training, seminars, workshops, and mentoring, the initiative has played a crucial role in nurturing potential and existing entrepreneurs to start-up businesses. By providing support and resources to individuals looking to establish their businesses, the Iowa Lakes Corridor Initiative has contributed to economic growth and community improvement in the region.




This information is meant to be a general summary of Iowa Lakes Corridor Initiative. 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
$39,794 (2023)
20112012201320142015201620172018201920202021202120222023$0$90,000$180k$270k$360k
Expenses
$39,671 (2023)
20112012201320142015201620172018201920202021202120222023$0$65,000$130k$195k$260k
Efficiency
201120122013201420152016201720182019202020212021202220230%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $989
  • Program Service Revenue: $11
  • Gross Receipts: $39,794

Assets and Liabilities:

  • Total Assets: $94,945
  • Total Liabilities: $1,108
  • Net Assets: $93,837

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Organization Details

Principal Officer

Dr Brian Lenzmeier

Main Address

520 2ND AVE EAST STE 2, SPENCER, IA, 51301

NTEE Category

Code: S30 - Community improvement

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