Overview
What is Minority Economic Development Initiative Of Western Ky Inc?
The Minority Economic Development Initiative of Western Ky Inc, abbreviated as Medi, is a nonprofit organization that works tirelessly to establish a supportive atmosphere for small and minority-owned businesses. Their primary goal is to offer educational opportunities, which they accomplish through various program services. These services encompass entrepreneurial training, financial aid in the form of loans, assisting in the creation of business plans, and the establishment of new employment opportunities, all made possible through the utilization of allocated funds.
Is Minority Economic Development Initiative Of Western Ky Inc legitimate?
Minority Economic Development Initiative Of Western Ky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minority Economic Development Initiative Of Western Ky Inc submitted a form 990EZ, 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.
What is the mission statement of Minority Economic Development Initiative Of Western Ky Inc?
The Minority Economic Development Initiative of Western Ky aims to establish a favorable setting for success by offering educational resources to small and minority-owned businesses. Through their initiatives, they provide training in entrepreneurship, loan assistance, business plan development, and catalyze the creation of new jobs, all achieved through the utilization of allocated funds.
Who is the CEO of Minority Economic Development Initiative Of Western Ky Inc?
Walter Cummings is the Treasurer of Minority Economic Development Initiative Of Western Ky Inc.
What is the revenue of Minority Economic Development Initiative Of Western Ky Inc?
Minority Economic Development Initiative Of Western Ky Inc's revenue in 2022 was $53,613.
Who are the executives of Minority Economic Development Initiative Of Western Ky Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Minority Economic Development Initiative Of Western Ky Inc?
Minority Economic Development Initiative Of Western Ky Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Minority Economic Development Initiative Of Western Ky Inc
The Minority Economic Development Initiative of Western Ky, or Medi, is committed to establishing a supportive environment for small and minority entrepreneurs. Their mission is to empower these individuals by offering a range of educational opportunities. Medi has successfully implemented various program services, including entrepreneurial training, loan assistance, and business plan development. Through the use of funds, they have also facilitated the creation of new jobs. By providing these resources, Medi aims to foster a conducive atmosphere for the success of small and minority business owners.
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Impact
August, 2024
The impact of the Minority Economic Development Initiative of Western Ky Inc is evident through its successful fostering of an environment conducive to success for small and minority entrepreneurs in Hopkinsville, KY. Through their program services such as entrepreneurial training, loan assistance, business plan development, and job creation initiatives, they have directly contributed to the growth and development of the local community. This organization plays a crucial role in empowering individuals to achieve economic independence and success, thereby leading to overall community improvement.
This information is meant to be a general summary of Minority Economic Development Initiative Of Western Ky Inc. 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: $431
- Gross Receipts: $53,613
Assets and Liabilities:
- Total Assets: $179,373
- Total Liabilities: $149,330
- Net Assets: $30,043
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Organization Details
Principal Officer
Walter Cummings
Main Address
521 WEBER STREET, HOPKINSVILLE, KY, 42240
NTEE Category
Code: S30 - Community improvement
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