Overview
What is Adams County Economic Development Corporation?
Adams County Economic Development Corporation, situated in Decatur, Indiana, serves as a vital economic development organization. Its primary objective is to extend low-interest loans to budding or expanding businesses within the community, thereby fostering growth and development in the local economy. This nonprofit organization plays a significant role in supporting the financial needs of new ventures and existing businesses, contributing to the overall prosperity of the area.
Official website here: www.adamscountyedc.com
Is Adams County Economic Development Corporation legitimate?
Adams County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Adams County 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $83,305
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,218
For more financial information, click here
Official website here: www.adamscountyedc.com
What is the mission statement of Adams County Economic Development Corporation?
The Adams County Economic Development Corporation serves as an economic development organization, situated in an unspecified location. Its mission is centered around providing financial assistance to new businesses or those looking to expand within the community. This is accomplished by offering low-interest loans, aiming to foster economic growth and development within the said community. By extending these financial resources, the organization aims to stimulate business expansion and creation, contributing to the economic vitality of the community.
Official website here: www.adamscountyedc.com
Who is the CEO of Adams County Economic Development Corporation?
Colton D Bickel is the Director of Adams County Economic Development Corporation.
Official website here: www.adamscountyedc.com
What is the revenue of Adams County Economic Development Corporation?
Adams County Economic Development Corporation's revenue in 2022 was $262,317.
Official website here: www.adamscountyedc.com
Who are the executives of Adams County Economic Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $83,305
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.adamscountyedc.com
Where can I find the form 990 for Adams County Economic Development Corporation?
Adams County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adamscountyedc.com
Learn more at the official website: www.adamscountyedc.com
Mission Statement of Adams County Economic Development Corporation
Adams County Economic Development Corporation, as a dedicated economic development organization, is committed to its mission of extending low-interest loans to both new and expanding businesses within the community. This mission aims to stimulate growth and development within the business sector, thereby contributing to the economic prosperity of the community at large. By offering affordable financing options, the corporation encourages entrepreneurship and fosters an environment conducive to business expansion, ultimately enhancing the local economy.
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Impact
October, 2024
The Adams County Economic Development Corporation significantly impacts the local economy in Decatur, IN, by providing low-interest loans to new and expanding businesses. This financial support fosters entrepreneurship, enabling startups to launch and established businesses to grow, which in turn creates jobs and stimulates community development. The Corporation's commitment to economic enhancement not only aids individual businesses but also contributes to overall community improvement, strengthening the economic landscape of Adams County. By facilitating access to affordable financing, the organization helps cultivate a more vibrant and sustainable local economy, encouraging investment and innovation within the region.
This information is meant to be a general summary of Adams County 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: $2,761
- Program Service Revenue: $18,517
- Gross Receipts: $262,317
Assets and Liabilities:
- Total Assets: $1,894,227
- Total Liabilities: $109,372
- Net Assets: $1,784,855
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$17,329
LOAN PROCESSING FEE
Revenue
$1,000
LOAN LATE FEE
Revenue
$188
Organization Details
Founding Year
1987
Phone
(260) 724-2588Principal Officer
Colton D Bickel
Main Address
PO BOX 492, DECATUR, IN, 46733
Website
www.adamscountyedc.comNTEE Category
Code: S30 - Community improvement
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