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Area Partnership For Economic Expansion

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

EIN: 320079166 ✦ Duluth, MN ✦ Designated as a 501(c)(6)

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Overview

What is Area Partnership For Economic Expansion?

The Area Partnership For Economic Expansion is a nonprofit organization situated in Duluth, Minnesota, with additional operations in northwestern Wisconsin. Their primary goal is to stimulate economic growth in the region. They accomplish this by providing strategic planning and business consulting services to existing businesses, as well as recruiting new businesses to the area. With a team of 10 dedicated individuals, they actively work towards promoting and developing economic expansion in Duluth and its surrounding neighborhoods.


Official website here: www.apexgetsbusiness.com

Is Area Partnership For Economic Expansion legitimate?

Area Partnership For Economic Expansion is a legitimate nonprofit organization registered as a 501(c)(6) entity. Area Partnership For Economic Expansion 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: $132,303
Professional Fundraising Fees: $0
Other Salaries and Wages: $270,293

For more financial information, click here


Official website here: www.apexgetsbusiness.com

What is the mission statement of Area Partnership For Economic Expansion?

The Area Partnership For Economic Expansion is dedicated to promoting and fostering economic growth in a broader region, encompassing Minnesota's northeastern part and northwestern Wisconsin. Their primary objective is to facilitate strategic planning and provide business consulting services to existing businesses, while also actively recruiting new businesses to the area. By doing so, they aim to stimulate economic expansion and development within the region.


Official website here: www.apexgetsbusiness.com

Who is the CEO of Area Partnership For Economic Expansion?

Rachel Johnson is the Past Ceo/Pre of Area Partnership For Economic Expansion. The CEO's salary of Area Partnership For Economic Expansion is $46,416 and their total compensation is $50,916.


Official website here: www.apexgetsbusiness.com

What is the revenue of Area Partnership For Economic Expansion?

Area Partnership For Economic Expansion's revenue in 2022 was $822,306.


Official website here: www.apexgetsbusiness.com

Who are the executives of Area Partnership For Economic Expansion and what are their salaries?

The average compensation at Area Partnership For Economic Expansion during 2022 was $40,260. There are 10 employees at Area Partnership For Economic Expansion.


Here are 12 key members and their salaries (Area Partnership For Economic Expansion's CEO's salary is $46,416 and their total compensation is $50,916):


Brian Hanson (Past Ceo/Pre)
  • Compensation: $85,887
  • Related: $0
  • Other: $4,500
Rachel Johnson (Ceo/Presiden)
  • Compensation: $46,416
  • Related: $0
  • Other: $4,500
Brad Beard (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Bodine (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Boeselager (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Deluca (At Large Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Fellman (At Large Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Frederickson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Johnson (At Large Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorraine Little (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mcmillian (At Large Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Thun (At Large Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.apexgetsbusiness.com

Where can I find the form 990 for Area Partnership For Economic Expansion?

Area Partnership For Economic Expansion's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.apexgetsbusiness.com

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

Mission Statement of Area Partnership For Economic Expansion

The Area Partnership for Economic Expansion is dedicated to fostering economic growth in northeastern Minnesota and northwestern Wisconsin. As a key player in this mission, the organization provides strategic planning and business consulting services to existing businesses, aiming to enhance their operations and contribute to the region's economic development. Furthermore, the Area Partnership for Economic Expansion plays a proactive role in attracting new businesses to the area, fostering a vibrant and prosperous economic landscape.

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Impact




October, 2024

The Area Partnership for Economic Expansion significantly impacts economic growth and development in Duluth, northeastern Minnesota, and northwestern Wisconsin. By focusing on strategic planning and business consulting, it empowers existing businesses to enhance their operations and fosters an environment conducive to attracting new enterprises. This initiative not only bolsters local economies but also promotes job creation, enhances community resources, and drives innovation. Its commitment to economic development serves as a catalyst for sustainable regional growth, benefiting both businesses and residents alike.




This information is meant to be a general summary of Area Partnership For Economic Expansion. 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
$822,306 (2022)
Expenses
$826,988 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,035
  • Program Service Revenue: $111,938
  • Gross Receipts: $822,306

Assets and Liabilities:

  • Total Assets: $463,783
  • Total Liabilities: $141,909
  • Net Assets: $321,874

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONSULTANT FEES

Revenue

$87,100

PARTNER CONT. - PROGRAMS

Revenue

$24,838

Organization Details

Founding Year

2003

Principal Officer

Rachel Johnson

Main Address

306 W SUPERIOR STREET SUITE 902, DULUTH, MN, 55802

NTEE Category

Code: S41 - Community improvement

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