Overview
What is Development Corporation Of Austin?
The Development Corporation of Austin, situated in Austin, Minnesota, is a nonprofit organization dedicated to supporting the growth and resilience of new and existing industrial and commercial enterprises in Mower County. Their mission is to actively contribute to the economic betterment of the Austin and Mower County area. As part of their initiatives, they have awarded approximately 130 grants, up to $5,000 each, through the Mower County Business Resilience Grant Program, aimed at enhancing the resilience of businesses to economic shocks like COVID-19. The organization currently employs a modest team of three individuals.
Official website here: www.austindca.org
Is Development Corporation Of Austin legitimate?
Development Corporation Of Austin is a legitimate nonprofit organization registered as a 501(c)(6) entity. Development Corporation Of Austin 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: $130,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,166
For more financial information, click here
Official website here: www.austindca.org
What is the mission statement of Development Corporation Of Austin?
The Development Corporation Of Austin actively supports the growth and sustainability of industrial and commercial enterprises, aiming to enhance the economic well-being of the respective community. In pursuit of this mission, they proactively advocate for new and existing businesses, working towards the betterment of the economy. Notably, they have implemented the Mower County Business Resilience Grant Program, awarding grants to approximately 130 businesses, enabling them to upgrade their resilience against economic shocks such as COVID-19.
Official website here: www.austindca.org
What is the revenue of Development Corporation Of Austin?
Development Corporation Of Austin's revenue in 2023 was $507,725.
Official website here: www.austindca.org
Who are the executives of Development Corporation Of Austin and what are their salaries?
The average compensation at Development Corporation Of Austin during 2023 was $55,757. There are 3 employees and 30 volunteers at Development Corporation Of Austin.
Here are 25 key members and their salaries:
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- Compensation: $126,316
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- Other: $3,790
Official website here: www.austindca.org
Where can I find the form 990 for Development Corporation Of Austin?
Development Corporation Of Austin's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.austindca.org
Learn more at the official website: www.austindca.org
Mission Statement of Development Corporation Of Austin
Development Corporation of Austin, a notable entity, is committed to actively supporting the establishment and growth of various industrial and commercial enterprises. Its mission is geared towards fostering economic prosperity not only for the corporation itself but also for Austin and Mower County as a whole. The organization takes a proactive approach in this endeavor, aiming to improve the economic landscape by backing new and existing businesses in the industrial and commercial sectors.
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Impact
October, 2024
The Development Corporation of Austin plays a pivotal role in fostering economic growth and resilience in Mower County. By actively supporting both new and existing industrial and commercial enterprises, the organization helps to enhance the local economy. A notable initiative, the Mower County Business Resiliency Grant Program, has awarded approximately 130 grants of up to $5,000, enabling businesses to strengthen their operations against economic shocks, such as those experienced during the COVID-19 pandemic. This commitment to community improvement not only bolsters businesses but also contributes significantly to the overall economic well-being of Austin and the surrounding areas.
This information is meant to be a general summary of Development Corporation Of Austin. 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 2023.
- Investment Income: $27,151
- Program Service Revenue: $348,201
- Gross Receipts: $507,725
Assets and Liabilities:
- Total Assets: $5,288,985
- Total Liabilities: $3,772,147
- Net Assets: $1,516,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENT
Revenue
$189,095
INTEREST
Revenue
$81,649
OCCUPANCY FEES & MGMT
Revenue
$77,457
Organization Details
Founding Year
1986
Principal Officer
John Garry
Website
www.austindca.orgNTEE Category
Code: S31 - Community improvement
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