Carthage Industrial Development Corporation

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

EIN: 237044839 ✦ Carthage, IL ✦ Designated as a 501(c)(6)

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Overview

What is Carthage Industrial Development Corporation?

The Carthage Industrial Development Corporation, established in Carthage, Illinois, is a dedicated nonprofit organization committed to stimulating economic growth within the community. Their primary role involves offering economic development services, which are led and overseen by their Economic Development Director. This individual coordinates various economic development activities, working diligently to accomplish the corporation's fundamental mission of fostering economic growth in Carthage.

Is Carthage Industrial Development Corporation legitimate?

Carthage Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Carthage Industrial 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: $54,191

For more financial information, click here

What is the mission statement of Carthage Industrial Development Corporation?

The Carthage Industrial Development Corporation is dedicated to promoting economic growth through the delivery of economic development services. Its mission is executed by the Economic Development Director, who oversees and carries out various economic development activities with the aim of achieving the organization's objectives. The corporation's role is to stimulate economic development in an unspecified location, enhancing its economic status and prosperity.

Who is the CEO of Carthage Industrial Development Corporation?

Teresa Smith is the Director of Carthage Industrial Development Corporation.

What is the revenue of Carthage Industrial Development Corporation?

Carthage Industrial Development Corporation's revenue in 2022 was $133,301.

Who are the executives of Carthage Industrial Development Corporation and what are their salaries?

The average compensation at Carthage Industrial Development Corporation during 2022 was $54,191. There is 1 employee and 15 volunteers at Carthage Industrial Development Corporation.


Here are 9 key members and their salaries:


Brenda Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Dickinson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Folkerts (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Huston (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Nightingale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Gambrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Schwartz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Smith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phoebe Wear (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Carthage Industrial Development Corporation?

Carthage Industrial Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Carthage Industrial Development Corporation

The Carthage Industrial Development Corporation, abbreviated as CIDC, is dedicated to fostering economic growth in its field. Serving as the driving force behind this endeavor, the Corporation's Economic Development Director oversees and executes a variety of economic development activities with the aim of realizing this mission. By providing essential services, the CIDC works tirelessly to stimulate economic development in the relevant sector.

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Impact




October, 2024

Carthage Industrial Development Corporation significantly impacts the local economy by spearheading initiatives aimed at driving economic growth in Carthage, IL. By providing essential economic development services, the organization fosters an environment conducive to business expansion and innovation. The Economic Development Director plays a pivotal role in coordinating various activities that promote investment, job creation, and overall community improvement. Through these efforts, the Corporation not only enhances the economic landscape of Carthage but also contributes to the well-being of its residents by creating opportunities for employment and fostering a thriving local business ecosystem.




This information is meant to be a general summary of Carthage Industrial 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
$133,301 (2022)
Expenses
$88,200 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $251
  • Program Service Revenue: $131,350
  • Gross Receipts: $133,301

Assets and Liabilities:

  • Total Assets: $1,219,535
  • Total Liabilities: $269,186
  • Net Assets: $950,349

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Programs

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

FARMLAND RENT

Revenue

$53,200

FEES & CONTRACTS FROM GOV

Revenue

$78,150

Organization Details

Founding Year

1969

Principal Officer

Teresa Smith

Main Address

538 WABASH ST, CARTHAGE, IL, 62321

NTEE Category

Code: S30 - Community improvement

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