Faulkton Development Corporation Inc

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

EIN: 237167362 ✦ Faulkton, SD ✦ Designated as a 501(c)(4)

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Overview

What is Faulkton Development Corporation Inc?

Faulkton Development Corporation Inc, situated in Faulkton, South Dakota, serves as a community development corporation. Its primary objective, as stated in its mission, is to foster and promote the growth and advancement of Faulkton. This nonprofit organization is dedicated to enhancing the community's development, working towards the betterment of its residents and overall environment. The corporation's activities are centered around this mission, aiming to contribute positively to the development of Faulkton, SD.

Is Faulkton Development Corporation Inc legitimate?

Faulkton Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Faulkton Development Corporation Inc 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: $26,598

For more financial information, click here

What is the mission statement of Faulkton Development Corporation Inc?

The Faulkton Development Corporation, as a community development organization, is committed to fostering the growth and improvement of its community. Its mission, in essence, is to promote the development of the community it serves. This could involve various initiatives aimed at enhancing the social, economic, or infrastructural fabric of the community. The corporation's activities are centered around this mission, with the ultimate goal of seeing positive changes and progress within the community.

Who is the CEO of Faulkton Development Corporation Inc?

Troy Hadrick is the President of Faulkton Development Corporation Inc.

What is the revenue of Faulkton Development Corporation Inc?

Faulkton Development Corporation Inc's revenue in 2020 was $39,141.

Who are the executives of Faulkton Development Corporation Inc and what are their salaries?

The average compensation at Faulkton Development Corporation Inc during 2020 was $26,598. There is 1 employee at Faulkton Development Corporation Inc.


Here are 3 key members and their salaries:


Troy Hadrick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Bartholomew (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Spanier (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Faulkton Development Corporation Inc?

Faulkton Development Corporation Inc's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Faulkton Development Corporation Inc

Faulkton Development Corporation, as a community development corporation, is committed to advancing the development of its community. This mission-driven organization seeks to foster growth and improvement within the community, with a clear focus on enhancing its overall well-being. By taking on this role, Faulkton Development Corporation aims to contribute positively to the community's future, working tirelessly to promote progress and development.

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Impact




October, 2024

Faulkton Development Corporation Inc plays a crucial role in advancing the growth and development of Faulkton, South Dakota. By focusing on community improvement, the organization implements initiatives that foster economic vitality, enhance infrastructure, and promote local businesses. Its mission to further the development of Faulkton helps create a thriving environment that benefits residents and attracts new opportunities. This commitment not only bolsters the local economy but also enriches the community's quality of life, making Faulkton a more vibrant and appealing place to live and work.




This information is meant to be a general summary of Faulkton Development Corporation Inc. 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
$39,141 (2020)
Expenses
$26,598 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $9,582
  • Gross Receipts: $39,141

Assets and Liabilities:

  • Total Assets: $2,443,501
  • Total Liabilities: $848,274
  • Net Assets: $1,595,227

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Organization Details

Founding Year

2010

Principal Officer

Troy Hadrick

Main Address

PO BOX 458, FAULKTON, SD, 574380458

NTEE Category

Code: S20 - Community improvement

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