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Prairie City Economic Development Corp

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

EIN: 320288574 ✦ Prairie city, IA ✦ Designated as a 501(c)(3)

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Overview

What is Prairie City Economic Development Corp?

Prairie City Economic Development Corp is a nonprofit organization situated in Prairie City, Iowa, and its surrounding area. Its primary objective is to stimulate economic and cultural growth within the community. The corporation achieves this through various means, such as purchasing and selling land to foster new business ventures, thereby promoting economic development. Moreover, the organization offers rental opportunities for unsold land, generating income for charitable purposes. By engaging in these activities, Prairie City Economic Development Corp contributes to the betterment of its community.

Is Prairie City Economic Development Corp legitimate?

Prairie City Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prairie City Economic Development Corp 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 Prairie City Economic Development Corp?

The Prairie City Economic Development Corporation's mission is centered around fostering economic and cultural growth. It seeks to achieve this by proactively acquiring and selling land to stimulate new business opportunities, thereby promoting economic development within the community. Additionally, the corporation offers rental opportunities for unsold land, generating income for charitable purposes. This income is utilized to contribute positively to the community, ultimately enhancing its overall well-being.

Who is the CEO of Prairie City Economic Development Corp?

Eric Imerman is the President of Prairie City Economic Development Corp.

What is the revenue of Prairie City Economic Development Corp?

Prairie City Economic Development Corp's revenue in 2022 was $1,003.

Who are the executives of Prairie City Economic Development Corp and what are their salaries?


Here are 3 key members and their salaries:


Eric Imerman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Devries (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Davidson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Prairie City Economic Development Corp?

Prairie City Economic Development Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Prairie City Economic Development Corp

Prairie City Economic Development Corp, a dedicated organization, is committed to fostering economic and cultural growth in its vicinity. Its primary mission is to aid the development of Prairie City, Iowa, by engaging in land acquisitions and sales. This strategic approach creates new business opportunities, thereby stimulating economic growth within the community. Furthermore, the corporation offers rental opportunities for unsold land, utilizing the income generated for charitable purposes. This multi-faceted approach allows Prairie City Economic Development Corp to contribute significantly to the overall development of the area, enhancing its economic prosperity and cultural vibrancy.

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Impact




October, 2024

Prairie City Economic Development Corporation plays a crucial role in enhancing the economic and cultural landscape of Prairie City, Iowa. By acquiring and selling land, the organization generates new business opportunities that bolster the local economy. This proactive approach not only attracts new enterprises but also stimulates job creation and supports existing businesses in the community.

Additionally, the Corporation offers rental opportunities for unsold land, providing a steady income stream that can be reinvested into community development initiatives. This dual strategy of land management and economic stimulation positions Prairie City as a more attractive destination for both businesses and residents, ultimately leading to improved quality of life and community enrichment. The focus on community improvement reflects a commitment to fostering a vibrant and sustainable economic environment in the area's future.




This information is meant to be a general summary of Prairie City Economic Development Corp. 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
$1,003 (2022)
Expenses
$6,631 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,003
  • Gross Receipts: $1,003

Assets and Liabilities:

  • Total Assets: $225,580
  • Total Liabilities: $0
  • Net Assets: $225,580

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Organization Details

Principal Officer

Eric Imerman

Main Address

203 E JEFFERSON ST, PRAIRIE CITY, IA, 50228

NTEE Category

Code: S30 - Community improvement

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