Overview
What is Corry Area Industrial Development Corp?
Corry Area Industrial Development Corp is a nonprofit organization situated in Corry, Pennsylvania. Their primary mission is to stimulate economic growth within the Corry area of Northwestern Pennsylvania. They achieve this by offering low-interest loans to local businesses, thereby fostering the community's development and expansion. This strategic approach aims to strengthen the Corry Area economically, creating opportunities and promoting sustainable growth.
Is Corry Area Industrial Development Corp legitimate?
Corry Area Industrial Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Corry Area Industrial 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.
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What is the mission statement of Corry Area Industrial Development Corp?
The Corry Area Industrial Development Corp is committed to fostering economic growth in its designated area. This is achieved through its primary mission, which is to offer low-interest loans to local businesses. By providing these financial resources, the corporation aims to stimulate economic expansion not only within the Corry Area but also in its surrounding communities. This initiative ultimately contributes to the overall development and improvement of the local economy.
What is the revenue of Corry Area Industrial Development Corp?
Corry Area Industrial Development Corp's revenue in 2024 was $4,044,525.
Who are the executives of Corry Area Industrial Development Corp and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Corry Area Industrial Development Corp?
Corry Area Industrial Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Corry Area Industrial Development Corp
The Corry Area Industrial Development Corp is committed to driving economic growth in the Corry Area of Northwestern Pennsylvania. Their mission is to achieve this by providing low-interest loans to local businesses. This financial support is designed to stimulate economic activity within the community and its surrounding areas, ultimately contributing to the overall prosperity of the region. By offering these loans, the Corry Area Industrial Development Corp aims to empower local businesses, fostering their growth and contributing to a stronger, more vibrant economic landscape.
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Impact
October, 2024
Corry Area Industrial Development Corp plays a vital role in promoting economic growth in the Corry Area of Northwestern Pennsylvania. By offering low-interest loans to local businesses, it facilitates the expansion and sustainability of enterprises in the community and its surroundings. This financial support fosters job creation, boosts local employment rates, and enhances the overall economic landscape. The organization's efforts contribute not only to the prosperity of individual businesses but also to the broader community improvement, enhancing the quality of life for residents and encouraging further investment in the area.
This information is meant to be a general summary of Corry Area Industrial 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 2024.
- Investment Income: $56,354
- Program Service Revenue: $2,270,361
- Gross Receipts: $4,044,525
Assets and Liabilities:
- Total Assets: $8,283,958
- Total Liabilities: $1,345,850
- Net Assets: $6,938,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental/Lease
Revenue
$2,270,361
Organization Details
Founding Year
1959
Principal Officer
David Sample
NTEE Category
Code: S31 - Community improvement
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