Carbondale Lackawanna Industrial Development Company

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

EIN: 240819618 ✦ Blakely, PA ✦ Designated as a 501(c)(6)

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Overview

What is Carbondale Lackawanna Industrial Development Company?

Carbondale Lackawanna Industrial Development Company is a community-focused organization based in Blakely, Pennsylvania. Their primary mission is to provide financial aid to both new and established business owners operating within Carbondale, Lackawanna County. They offer loans as a means of funding, which can benefit various industries located within the city. This support contributes to the economic growth and development of the local business community.

Is Carbondale Lackawanna Industrial Development Company legitimate?

Carbondale Lackawanna Industrial Development Company is a legitimate nonprofit organization registered as a 501(c)(6) entity. Carbondale Lackawanna Industrial Development Company 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

For more financial information, click here

What is the mission statement of Carbondale Lackawanna Industrial Development Company?

The Carbondale Lackawanna Industrial Development Company is dedicated to promoting community industrial development. They accomplish this by offering loans to both new and established business owners operating in various industries within their jurisdiction. The primary goal is to support the growth and development of local businesses, thereby contributing to the economic vitality of the community. By providing financial assistance, the company aims to encourage entrepreneurship and foster job creation, ultimately benefiting the local economy.

Who is the CEO of Carbondale Lackawanna Industrial Development Company?

John Wiedman is the Director of Carbondale Lackawanna Industrial Development Company.

What is the revenue of Carbondale Lackawanna Industrial Development Company?

Carbondale Lackawanna Industrial Development Company's revenue in 2022 was $19,806.

Who are the executives of Carbondale Lackawanna Industrial Development Company and what are their salaries?


Here are 4 key members and their salaries:


Matthew Colgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Hoyle (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kuna (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Wiedman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Carbondale Lackawanna Industrial Development Company?

Carbondale Lackawanna Industrial Development Company's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Carbondale Lackawanna Industrial Development Company

Carbondale Lackawanna Industrial Development Company, a community-focused organization, is dedicated to promoting industrial development by providing loans to new and existing business owners in various industries. Situated in Carbondale, Lackawanna County, Pennsylvania, this company serves as a vital catalyst for economic growth and development within the local community. By offering financial assistance, Carbondale Lackawanna Industrial Development Company empowers entrepreneurs and established businesses to expand their operations, create jobs, and contribute to the overall prosperity of the area. This mission underscores the company's commitment to fostering a thriving business environment and supporting the growth of industries in its community.

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Impact




October, 2024

Carbondale Lackawanna Industrial Development Company plays a crucial role in fostering economic growth and development within the city of Carbondale, Pennsylvania. By providing funding in the form of loans to both new and existing business owners across various industries, the company directly contributes to the revitalization of the local economy.

The support offered through these loans has the potential to stimulate job creation, enhance local commerce, and promote entrepreneurship. As businesses grow and thrive, the community experiences improved economic conditions, which can lead to an overall increase in quality of life for residents.

Additionally, the company’s focus on diverse industries helps to ensure a more resilient economic base, making the area less vulnerable to market fluctuations. Overall, the impact of Carbondale Lackawanna Industrial Development Company is significant in promoting community improvement and sustainable economic development in Carbondale and the surrounding region.




This information is meant to be a general summary of Carbondale Lackawanna Industrial Development Company. 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
$19,806 (2022)
Expenses
$40,778 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $718
  • Program Service Revenue: $19,088
  • Gross Receipts: $19,806

Assets and Liabilities:

  • Total Assets: $955,311
  • Total Liabilities: $0
  • Net Assets: $955,311

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Programs

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

PROGRAM SERVICE REVENUE

Revenue

$19,088

Organization Details

Founding Year

1957

Principal Officer

John Wiedman

Main Address

C/O 3397 SCRANTON CARBONDALE HWAY, BLAKELY, PA, 18447

NTEE Category

Code: S31 - Community improvement

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