Lake County In Economic Alliance Inc

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

EIN: 351598214 ✦ Merrillville, IN ✦ Designated as a 501(c)(3)

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Overview

What is Lake County In Economic Alliance Inc?

Lake County In Economic Alliance Inc, based in Merrillville, Indiana, serves as a vital organization dedicated to fostering economic growth in the Lake County area. Their mission encompasses promoting understanding of economics, public concerns, finance, education, science, and technology, among other relevant subjects. By focusing on business development and retention, they aim to improve the quality and quantity of economic growth, create employment opportunities, and support educational activities in the region. With a team of three dedicated individuals, they actively contribute to the economic well-being of Lake County, Indiana.


Official website here: www.lcea.us

Is Lake County In Economic Alliance Inc legitimate?

Lake County In Economic Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake County In Economic Alliance Inc 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: $154,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,527

For more financial information, click here


Official website here: www.lcea.us

What is the mission statement of Lake County In Economic Alliance Inc?

Lake County In Economic Alliance Inc is organized with the aim of promoting understanding and dissemination of various economic-related subjects. Their mission encompasses matters of public concern, finance, education and training, science and technology, economic planning and development, and other related topics. The primary focus is on fostering business development and retention, improving the quality and quantity of economic growth, and creating employment opportunities in the relevant area. Their activities also include educational activities to support the local community.


Official website here: www.lcea.us

Who is the CEO of Lake County In Economic Alliance Inc?

Don Babcock is the CEO of Lake County In Economic Alliance Inc The CEO's salary of Lake County In Economic Alliance Inc is $100,500 and their total compensation is $100,500.


Official website here: www.lcea.us

What is the revenue of Lake County In Economic Alliance Inc?

Lake County In Economic Alliance Inc's revenue in 2023 was $373,350.


Official website here: www.lcea.us

Who are the executives of Lake County In Economic Alliance Inc and what are their salaries?

The average compensation at Lake County In Economic Alliance Inc during 2023 was $73,942. There are 3 employees and 23 volunteers at Lake County In Economic Alliance Inc.

Here are 25 key members and their salaries (Lake County In Economic Alliance Inc's CEO's salary is $100,500 and their total compensation is $100,500):


Denise Dillard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Babcock (Ceo)
  • Compensation: $100,500
  • Related: $0
  • Other: $0
Don Keller (Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Palmateer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Popp (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Ryan (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Scheub (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Beneturski (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hasse (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deann Patena (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Golumbeck (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexius Barber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Gorelick (Board Member (Ex Officio))
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lasser (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Reed (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Warfel (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael O'Connor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erica Dombey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Moreno (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Jordan (Board Member (Ex Officio))
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Migliorini (Board Member (Ex Officio))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob O'Donnell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Freyek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bailey Tombers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Koliboski (Vp Economic Development)
  • Compensation: $53,800
  • Related: $0
  • Other: $0


Official website here: www.lcea.us

Where can I find the form 990 for Lake County In Economic Alliance Inc?

Lake County In Economic Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lcea.us

Learn more at the official website: www.lcea.us

Mission Statement of Lake County In Economic Alliance Inc

Lake County In Economic Alliance Inc, a nonprofit organization, is dedicated to the advancement and dissemination of knowledge and understanding in various fields. These areas of focus include economics, matters of public concern, finance, education and training, science and technology, economic planning and development, and other subjects related to business development, retention, and growth in the Lake County Indiana area. The organization's mission is to enhance employment opportunities and encourage educational activities with the aim of fostering a thriving economic environment. By engaging in these diverse subjects, Lake County In Economic Alliance Inc seeks to contribute to the overall development and improvement of the economy in the region.

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Impact




October, 2024

Lake County In Economic Alliance Inc (LCEA) significantly impacts the economic landscape of Lake County, Indiana, through its comprehensive approach to enhancing knowledge and understanding of various economic factors. By focusing on education, finance, science, and technology, LCEA promotes informed decision-making that fosters economic growth, job creation, and business development.

Through initiatives aimed at improving public awareness of economic matters, LCEA helps create a community well-versed in finance and economic planning. This understanding is essential for retaining existing businesses and attracting new investments, thereby increasing employment opportunities within the region. Furthermore, by prioritizing educational activities, LCEA ensures that the workforce is equipped with the necessary skills to meet the evolving demands of local industries.

The organization's advocacy for economic development underscores its commitment to not just immediate growth, but also sustainable practices that enhance the overall quality of life in Lake County. By engaging stakeholders and facilitating collaboration among community members, businesses, and government entities, LCEA plays a crucial role in shaping a robust economic future for Lake County, ultimately leading to enhanced community improvement and prosperity.




This information is meant to be a general summary of Lake County In Economic Alliance 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.

Revenue
$373,350 (2023)
Expenses
$366,951 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $373,350

Assets and Liabilities:

  • Total Assets: $127,069
  • Total Liabilities: $17,355
  • Net Assets: $109,714

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Organization Details

Founding Year

1984

Principal Officer

Paul Beneturski

NTEE Category

Code: S30 - Community improvement

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