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Mount Carmel Area Industrial Development Committee

Area Economic Alliance

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

EIN: 263508977 ✦ Mt carmel, IL ✦ Designated as a 501(c)(3)

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Overview

What is Mount Carmel Area Industrial Development Committee?

Mount Carmel Area Industrial Development Committee is a nonprofit organization based in Mount Carmel, Illinois. Their primary mission is to foster economic development within the community by providing entrepreneurial education, experience, and training to local high school and junior college students. This is achieved in collaboration with local educational institutions, with around 10-20 students benefiting from the instruction and program each year. The committee aims to create a shared vision for economic development initiatives, intending to inspire and guide the community towards growth and progress.


Official website here: www.mcaea.com

Is Mount Carmel Area Industrial Development Committee legitimate?

Mount Carmel Area Industrial Development Committee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Carmel Area Industrial Development Committee 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: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mcaea.com

What is the mission statement of Mount Carmel Area Industrial Development Committee?

The Mount Carmel Area Industrial Development Committee's mission is centered around fostering a vision for economic development initiatives. This vision is communicated to the community at large. One of their key activities involves providing entrepreneurial education, experience, and training to local high school and junior college students in collaboration with local educational institutions. Each year, around 10 to 20 students benefit from this instruction and program.


Official website here: www.mcaea.com

Who is the CEO of Mount Carmel Area Industrial Development Committee?

Ryan L Masterson is the Vice Chairman of Mount Carmel Area Industrial Development Committee.


Official website here: www.mcaea.com

What is the revenue of Mount Carmel Area Industrial Development Committee?

Mount Carmel Area Industrial Development Committee's revenue in 2022 was $138,475.


Official website here: www.mcaea.com

Who are the executives of Mount Carmel Area Industrial Development Committee and what are their salaries?


Here are 6 key members and their salaries:


Sheila Wallace (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan L Masterson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Wilderman (Past-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David James (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald W Price (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth C Newman (President)
  • Compensation: $36,000
  • Related: $0
  • Other: $0


Official website here: www.mcaea.com

Where can I find the form 990 for Mount Carmel Area Industrial Development Committee?

Mount Carmel Area Industrial Development Committee's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mcaea.com

Learn more at the official website: www.mcaea.com

Mission Statement of Mount Carmel Area Industrial Development Committee

The Mount Carmel Area Industrial Development Committee is dedicated to establishing a vision for economic development initiatives. This vision is intended to be communicated to the broader community. As part of its mission, the committee offers an entrepreneurial education program in collaboration with local educational institutions. This program, known as the CEO Program, provides instruction and training to high school and junior college students, benefitting around 10 to 20 students each year. This initiative aims to equip the next generation with the necessary skills and experience to contribute positively to their community's economic development efforts.

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Impact




October, 2024

The Mount Carmel Area Industrial Development Committee significantly influences local economic development by fostering a robust vision for the community's future. Through its CEO Program, it provides entrepreneurial education, experience, and training to high school and junior college students in collaboration with local educational institutions. Each year, 10-20 students benefit from this program, equipping them with valuable skills and knowledge that can enhance their prospects and contribute to the local economy. This initiative not only prepares the next generation of entrepreneurs but also strengthens the community by promoting business acumen and innovation. Overall, the committee plays a critical role in driving economic growth and improving the quality of life in Mount Carmel.




This information is meant to be a general summary of Mount Carmel Area Industrial Development Committee. 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
$138,475 (2022)
Expenses
$108,697 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,520
  • Gross Receipts: $138,475

Assets and Liabilities:

  • Total Assets: $471,710
  • Total Liabilities: $800
  • Net Assets: $470,910

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Organization Details

Founding Year

1964

Principal Officer

Ryan L Masterson

Main Address

PO BOX 41, MT CARMEL, IL, 62863

NTEE Category

Code: S32 - Community improvement

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