Overview
What is Eldora Industrial Development Corporation?
Eldora Industrial Development Corporation is a nonprofit organization situated in Eldora, Iowa. Their primary mission is to stimulate commercial and industrial growth in the region, achieving this by owning property and making it accessible for local businesses and employers who might not be able to maintain operations without the corporation's involvement and support. This nonprofit organization plays a crucial role in alleviating economic hardships and unemployment in Eldora, a rural community, and combats community deterioration by fostering industrial and economic development.
Is Eldora Industrial Development Corporation legitimate?
Eldora Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eldora 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: $0
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What is the mission statement of Eldora Industrial Development Corporation?
The Eldora Industrial Development Corporation is committed to promoting economic development within its community. Its primary objective is to alleviate economic hardships and unemployment, as well as combat community deterioration. The corporation achieves this by assisting local businesses and employers, providing them with necessary real estate and subsidies, thereby enabling operations that might not otherwise be sustainable without the corporation's involvement. The corporation's activities are geared towards fostering industrial growth and job creation, ultimately contributing to the community's overall economic well-being.
What is the revenue of Eldora Industrial Development Corporation?
Eldora Industrial Development Corporation's revenue in 2022 was $4,389.
Who are the executives of Eldora Industrial Development Corporation and what are their salaries?
There 9 volunteers at Eldora Industrial Development Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Eldora Industrial Development Corporation?
Eldora Industrial Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eldora Industrial Development Corporation
Eldora Industrial Development Corporation, as a mission-driven organization, is devoted to fostering economic growth and development within its community. Its primary objective is to combat unemployment and alleviate economic hardships in this rural area. The corporation achieves this by promoting industrial and commercial development, making available real estate for local businesses and employers who might not otherwise maintain operations without the corporation's involvement and subsidies. By doing so, Eldora Industrial Development Corporation plays a crucial role in combating community deterioration and contributing to a more prosperous and sustainable local economy.
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Impact
August, 2024
Eldora Industrial Development Corporation plays a vital role in promoting economic growth and sustainability within the community of Eldora, Iowa. By actively engaging in economic development initiatives, the corporation helps to attract and retain businesses in the area, thus contributing to job creation and local prosperity. This not only alleviates economic hardships and reduces unemployment but also combats community deterioration, fostering a more vibrant and resilient local economy. Through its ownership of real estate and facilitation of resources for local businesses, the corporation serves as a catalyst for commercial and industrial development, ultimately driving positive change and community improvement in Eldora.
This information is meant to be a general summary of Eldora 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,389
- Gross Receipts: $4,389
Assets and Liabilities:
- Total Assets: $502,390
- Total Liabilities: $0
- Net Assets: $502,390
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Organization Details
Founding Year
1958
Principal Officer
Marc Anderson
NTEE Category
Code: S40 - Community improvement
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