Overview
What is Altoona Economic Development Corporation?
The Altoona Economic Development Corporation is a nonprofit organization based in Altoona, Iowa, specifically at 900 Venbury Dr STE A, 50009. Its primary mission is to foster economic growth within the city by developing and offering retail facilities. By constructing and renting out retail spaces, this organization has successfully attracted retail development, thereby generating job opportunities and boosting sales tax revenue for Altoona. Its purpose is rooted in promoting economic development, which aligns with both charitable and educational goals.
Is Altoona Economic Development Corporation legitimate?
Altoona Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altoona Economic 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.
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What is the mission statement of Altoona Economic Development Corporation?
The Altoona Economic Development Corporation's mission is centered around promoting economic development, serving both charitable and educational purposes. In essence, their goal is to stimulate economic growth. They achieve this by developing and constructing facilities, specifically for retail development. By doing so, they contribute to the creation of job opportunities and generate revenue through sales tax. This proactive approach to economic development ultimately enhances the economic well-being of the community.
Who is the CEO of Altoona Economic Development Corporation?
Elaine Castelline is the President of Altoona Economic Development Corporation.
What is the revenue of Altoona Economic Development Corporation?
Altoona Economic Development Corporation's revenue in 2022 was -$890,450.
Who are the executives of Altoona Economic Development Corporation 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 Altoona Economic Development Corporation?
Altoona Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Altoona Economic Development Corporation
The Altoona Economic Development Corporation, as its name suggests, is committed to fostering economic development. This nonprofit organization undertakes charitable and educational pursuits with a primary focus on promoting economic growth. In essence, its mission is to stimulate the economy by developing facilities for retail development within the City of Altoona, Iowa. By doing so, the corporation aims to enhance the economic well-being of the city, creating employment opportunities and generating sales tax revenue. The Altoona Economic Development Corporation has successfully executed this mission by constructing, developing, and leasing retail spaces, thereby attracting businesses to the city and contributing to its economic prosperity.
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Impact
October, 2024
The Altoona Economic Development Corporation plays a crucial role in enhancing the economic landscape of Altoona, Iowa. By focusing on the development of facilities for retail, the organization has successfully attracted new businesses to the city, which has resulted in job creation and increased sales tax revenue. The establishment and rental of retail spaces not only invigorate the local economy but also elevate the overall quality of life in the community.
Through these initiatives, the Corporation promotes economic well-being by fostering a vibrant retail environment, which in turn supports community improvement and growth. The positive ripple effects of their work can be seen in the greater economic stability of Altoona, as new jobs contribute to local employment opportunities and enhanced consumer choice. Overall, the Altoona Economic Development Corporation significantly impacts the city by driving economic development and improving the community's economic infrastructure.
This information is meant to be a general summary of Altoona Economic 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: $313
- Gross Receipts: $1,005,313
Assets and Liabilities:
- Total Assets: $26,305,999
- Total Liabilities: $681,514
- Net Assets: $25,624,485
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Organization Details
Founding Year
2007
Phone
(515) 967-5136Principal Officer
Elaine Castelline
Main Address
900 VENBURY DR STE A, ALTOONA, IA, 50009
NTEE Category
Code: S30 - Community improvement
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