Overview
What is Johnstown Industrial Development Corpora?
Johnstown Industrial Development Corporation is a nonprofit organization situated in Johnstown, Pennsylvania. Their primary mission is to foster economic growth in the local area through various initiatives. One of their key programs involves purchasing and developing land, known as the Johnstown business park, to facilitate the expansion of businesses and the creation of new job opportunities. Additionally, they offer office space at reduced rates through their incubator, Jari center, and rental properties. This commitment to providing affordable workspace aims to support and nurture budding businesses within the community.
Official website here: www.jari.com
Is Johnstown Industrial Development Corpora legitimate?
Johnstown Industrial Development Corpora is a legitimate nonprofit organization registered as a 501(c)(3) entity. Johnstown Industrial Development Corpora 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.jari.com
What is the mission statement of Johnstown Industrial Development Corpora?
The Johnstown Industrial Development Corporation is devoted to fostering economic growth in its designated region. It achieves this by launching initiatives such as the Johnstown business park, which involves purchasing and developing land for companies to expand and generate new employment opportunities. Furthermore, the corporation offers office space at reduced rates through its incubator, Jari center, and rental properties. This organization aims to support local businesses and stimulate economic development.
Official website here: www.jari.com
Who is the CEO of Johnstown Industrial Development Corpora?
Linda Thomson is the Chairman of Johnstown Industrial Development Corpora. The CEO's salary of Johnstown Industrial Development Corpora is $0 and their total compensation is $199,095.
Official website here: www.jari.com
What is the revenue of Johnstown Industrial Development Corpora?
Johnstown Industrial Development Corpora's revenue in 2022 was $193,085.
Official website here: www.jari.com
Who are the executives of Johnstown Industrial Development Corpora and what are their salaries?
There 12 volunteers at Johnstown Industrial Development Corpora.
Here are 15 key members and their salaries (Johnstown Industrial Development Corpora's CEO's salary is $0 and their total compensation is $199,095):
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- Related: $172,666
- Other: $26,429
- Compensation: $0
- Related: $102,391
- Other: $27,417
- Compensation: $0
- Related: $80,197
- Other: $16,880
Official website here: www.jari.com
Where can I find the form 990 for Johnstown Industrial Development Corpora?
Johnstown Industrial Development Corpora's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jari.com
Learn more at the official website: www.jari.com
Mission Statement of Johnstown Industrial Development Corpora
The Johnstown Industrial Development Corporation, in its mission, works towards promoting economic development in the region. This is achieved through various initiatives, one of which is the establishment of the Johnstown business park. This project involves purchasing and developing land, providing an ideal environment for businesses to expand and generate new employment opportunities. In addition to this, the corporation also offers office space at reduced rates. This is made possible through their incubator/Jari center/rental properties, catering to businesses in their formative stages and enabling them to grow under affordable conditions.
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Impact
October, 2024
The Johnstown Industrial Development Corporation plays a vital role in fostering economic growth and revitalization in the region. By establishing initiatives such as the Johnstown Business Park, the corporation effectively purchases and develops land to facilitate the expansion of businesses, which in turn creates new job opportunities for the local workforce.
Additionally, the corporation supports entrepreneurs and small businesses by offering office space at below-market rates through its incubator and Jari Center, as well as other rental properties. This approach not only alleviates financial burdens for startups but also encourages innovation and collaboration within the community. Overall, the Johnstown Industrial Development Corporation is instrumental in driving community improvement and economic development in Johnstown, PA.
This information is meant to be a general summary of Johnstown Industrial Development Corpora. 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: $30
- Program Service Revenue: $154,785
- Gross Receipts: $193,085
Assets and Liabilities:
- Total Assets: $5,623,166
- Total Liabilities: $2,331,112
- Net Assets: $3,292,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JARI CENTER LEASES
Revenue
$58,569
RENTAL INCOME
Revenue
$54,803
OTHER LEASES
Revenue
$32,313
FEE FOR SERVICES
Revenue
$9,100
Organization Details
Founding Year
1950
Phone
(814) 535-6553Principal Officer
Linda Thomson
Main Address
245 MARKET STREET SUITE 200, JOHNSTOWN, PA, 15901
Website
www.jari.comNTEE Category
Code: S31 - Community improvement
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