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Boone County Economic Development

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

EIN: 351768561 ✦ Lebanon, IN ✦ Designated as a 501(c)(6)

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Overview

What is Boone County Economic Development?

Boone County Economic Development is a dedicated nonprofit organization situated in Lebanon, Indiana. Its primary mission is to stimulate and foster a conducive environment for various economic activities, such as commerce, trade, business, finance, and professional interests. By actively promoting economic development in Boone County, this organization aims to drive growth and prosperity within the local community.


Official website here: www.booneedc.org

Is Boone County Economic Development legitimate?

Boone County Economic Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Boone County Economic Development 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: $130,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,092

For more financial information, click here


Official website here: www.booneedc.org

What is the mission statement of Boone County Economic Development?

Boone County Economic Development is committed to fostering economic growth in the region. Their mission is to create an environment conducive to commerce, trade, business, finance, and professional interests, thereby stimulating overall development. By encouraging and supporting these sectors, they aim to contribute to the economic prosperity of the community. Boone County Economic Development operates with the goal of promoting a thriving economic landscape, thereby enhancing the quality of life for its residents.


Official website here: www.booneedc.org

What is the revenue of Boone County Economic Development?

Boone County Economic Development's revenue in 2023 was $612,591.


Official website here: www.booneedc.org

Who are the executives of Boone County Economic Development and what are their salaries?

The average compensation at Boone County Economic Development during 2023 was $67,450. There are 4 employees and 7 volunteers at Boone County Economic Development.

Here are 8 key members and their salaries:


Rick Isenhower (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Bardoczi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Anderson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Conner (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Frampton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Setzer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Ownes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Whitehead (Executive Director)
  • Compensation: $130,706
  • Related: $0
  • Other: $9,749


Official website here: www.booneedc.org

Where can I find the form 990 for Boone County Economic Development?

Boone County Economic Development's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.booneedc.org

Learn more at the official website: www.booneedc.org

Mission Statement of Boone County Economic Development

Boone County Economic Development, a prominent organization, is dedicated to promoting economic growth in its namesake county. Its mission is to create an ideal setting for commerce, trade, business, finance, and professional interests. By encouraging, fostering, and stimulating such an environment, this nonprofit aims to stimulate economic development in the region. The ultimate goal is to establish a thriving economy that benefits the community as a whole.

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Impact




October, 2024

Boone County Economic Development significantly impacts the local economy by creating an environment conducive to business growth and sustainability. By encouraging commerce, trade, and professional interests, it fosters a climate where businesses can thrive. This organization actively supports initiatives that enhance economic vitality, benefiting the community in Lebanon, IN, and surrounding areas.

Through targeted efforts to attract investment and stimulate economic activity, Boone County Economic Development plays a pivotal role in community improvement. Its initiatives help create jobs, increase local revenues, and elevate the quality of life for residents. By fostering partnerships among businesses, government, and community organizations, it cultivates a collaborative spirit that drives economic prosperity in Boone County.




This information is meant to be a general summary of Boone County Economic Development. 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
$612,591 (2023)
Expenses
$526,020 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $16,386
  • Gross Receipts: $617,721

Assets and Liabilities:

  • Total Assets: $929,198
  • Total Liabilities: $115,552
  • Net Assets: $813,646

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Organization Details

Founding Year

1989

Principal Officer

Molly Whitehead

NTEE Category

Code: S30 - Community improvement

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