Overview
What is Walterboro Development Corporation?
Walterboro Development Corporation is a nonprofit organization situated in Walterboro, South Carolina, specifically at 242 Hampton Street, ZIP code 29488. Their primary mission is to empower small business owners by providing them with educational resources, opportunities for networking, and counseling sessions. This initiative aims to help entrepreneurs improve their skills and connect with like-minded individuals. Additionally, the corporation facilitates cooperative advertising within business types or regions to boost visibility and revenue. Furthermore, Walterboro Development Corporation manages a revolving loan fund to assist small businesses with financial aid, promoting economic growth in the community.
Is Walterboro Development Corporation legitimate?
Walterboro Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Walterboro 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Walterboro Development Corporation?
The Walterboro Development Corporation is committed to establishing a business education and assistance program for small business owners. This program allows entrepreneurs to learn, network, and collaborate through classes and counseling sessions. Additionally, the corporation facilitates cooperative advertising among businesses of the same type or region. Furthermore, the organization administers a revolving loan fund to support small businesses financially. This initiative aims to foster growth and development within the business community.
Who is the CEO of Walterboro Development Corporation?
Jeffrey Molinari is the Exec Committ of Walterboro Development Corporation.
What is the revenue of Walterboro Development Corporation?
Walterboro Development Corporation's revenue in 2023 was $0.
Who are the executives of Walterboro Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Walterboro Development Corporation?
Walterboro Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Walterboro Development Corporation
Walterboro Development Corporation is dedicated to establishing a comprehensive business education and assistance program for small business owners. This program aims to provide a platform where entrepreneurs can learn, network, and collaborate through classes and counseling sessions. Additionally, the corporation facilitates cooperative advertising among businesses of the same type or in the same region. Beyond education and networking, Walterboro Development Corporation also manages a revolving loan fund. This fund is designed to support small businesses financially, providing them with the much-needed capital to grow and thrive. This multifaceted approach, encompassing education, networking, and financial aid, makes Walterboro Development Corporation an invaluable resource for small business owners.
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Impact
October, 2024
Walterboro Development Corporation significantly impacts the local economy by fostering the growth and sustainability of small businesses in Walterboro, South Carolina. Through its business education and assistance program, it provides essential resources for small business owners to learn, connect, and thrive. Classes and counseling sessions create a collaborative environment where entrepreneurs can gain valuable skills and insights.
Additionally, the corporation facilitates cooperative advertising initiatives that enable businesses to market their services effectively within specific regions. This joint approach enhances visibility and fosters a sense of community among local businesses.
The establishment and administration of a revolving loan fund further strengthen this impact, offering financial support to small businesses in need of capital. By reducing barriers to funding, the corporation plays a crucial role in empowering entrepreneurs, leading to job creation, economic development, and a vibrant local community.
This information is meant to be a general summary of Walterboro 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 2023.
Assets and Liabilities:
- Total Assets: $34,421
- Total Liabilities: $0
- Net Assets: $34,421
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Organization Details
Phone
(843) 549-2545Principal Officer
Jeffrey Molinari
Main Address
242 HAMPTON STREET, WALTERBORO, SC, 29488
NTEE Category
Code: S41 - Community improvement
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