Overview
What is Fostoria Economic Development Corp?
Fostoria Economic Development Corp is a nonprofit organization situated within the Fostoria metropolitan area. Their primary mission is to entice new business ventures and stimulate industrial and commercial growth and advancement within this region. By attracting new businesses, they aim to foster a thriving economic environment in the Fostoria area.
Official website here: www.fostoriaedc.org
What do the Facebook reviews say about Fostoria Economic Development Corp?
100% of 6 reviewers on Facebook recommend Fostoria Economic Development Corp. Here is a summary of their reviews:
The organization is highly praised for its impactful role in attracting new businesses to the area, with users expressing satisfaction with its efforts in boosting local economic growth. Reviewers feel that their community is well-represented and that the nonprofit effectively engages with potential investors.
Overall, people seem to appreciate the proactive approach of Fostoria Economic Development Corp in driving business interest and development within Fostoria, highlighting its importance in the community’s progress.
This AI summary has been generated from reviews found on Facebook.
Is Fostoria Economic Development Corp legitimate?
Fostoria Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fostoria Economic Development Corp 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: $130,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,850
For more financial information, click here
Official website here: www.fostoriaedc.org
What is the mission statement of Fostoria Economic Development Corp?
The Fostoria Economic Development Corporation's mission is centered around attracting new business ventures. This organization actively works towards fostering industrial and commercial growth and development within its operational area. The main objective is to promote the expansion of businesses, thereby contributing to the overall economic development. The corporation serves as a catalyst, encouraging the establishment of new enterprises and facilitating their growth, thereby contributing to a thriving economic landscape.
Official website here: www.fostoriaedc.org
Who is the CEO of Fostoria Economic Development Corp?
Tom Reineke is the Chairman of Fostoria Economic Development Corp.
Official website here: www.fostoriaedc.org
What is the revenue of Fostoria Economic Development Corp?
Fostoria Economic Development Corp's revenue in 2022 was $294,702.
Official website here: www.fostoriaedc.org
Who are the executives of Fostoria Economic Development Corp and what are their salaries?
The average compensation at Fostoria Economic Development Corp during 2022 was $54,370. There are 5 employees at Fostoria Economic Development Corp.
Here are 12 key members and their salaries:
- Compensation: $130,000
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Official website here: www.fostoriaedc.org
Where can I find the form 990 for Fostoria Economic Development Corp?
Fostoria Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fostoriaedc.org
Learn more at the official website: www.fostoriaedc.org
Mission Statement of Fostoria Economic Development Corp
Fostoria Economic Development Corporation, a notable entity, is dedicated to attracting new business enterprises and fostering industrial and commercial growth and development within its metropolitan area. Its mission is to catalyze the expansion of businesses, thereby stimulating economic prosperity and vitality within the community it serves. By actively seeking out and welcoming new ventures, the corporation contributes to a thriving and dynamic economic landscape, ultimately benefiting the local population and creating job opportunities.
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Impact
October, 2024
The Fostoria Economic Development Corp plays a pivotal role in driving economic growth within the Fostoria metro area by actively attracting new business enterprises. Through its initiatives, it promotes both industrial and commercial development, fostering an environment that supports job creation and community improvement. By engaging with potential businesses and facilitating their establishment in the region, the organization contributes significantly to the local economy, enhancing opportunities for residents and ensuring a more vibrant community. Through its focus on economic development, the Fostoria Economic Development Corp helps to create a sustainable and thriving business landscape, which is essential for long-term growth and prosperity in the area.
This information is meant to be a general summary of Fostoria Economic Development Corp. 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: $405
- Program Service Revenue: $86,198
- Gross Receipts: $294,702
Assets and Liabilities:
- Total Assets: $259,506
- Total Liabilities: $128,615
- Net Assets: $130,891
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BENEFACTOR MEMBERSHIPS
Revenue
$35,950
DIRECTOR MEMBERSHIPS
Revenue
$16,150
PATRON MEMBERSHIPS
Revenue
$11,708
CONTRIBUTOR MEMBERSHIPS
Revenue
$10,569
ASSOCIATE MEMBERSHIPS
Revenue
$6,483
Organization Details
Founding Year
1982
Principal Officer
Tom Reineke
Main Address
342 PERRY STREET, FOSTORIA, OH, 448302215
Website
www.fostoriaedc.orgNTEE Category
Code: S30 - Community improvement
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