Overview
What is Oak Park Economic Development Corp?
Oak Park Economic Development Corp is a nonprofit organization based in Oak Park, Illinois. Their primary mission is to improve the economic health and quality of life in the village by expanding its property tax base, increasing sales tax revenue, and creating and retaining jobs. Their efforts in 2022 led to an increase in sales tax revenue, the opening of new businesses, and the retention of existing jobs in the village. The organization, with a small team of three employees, is actively working towards these objectives.
Official website here: www.oakparkedc.org
Is Oak Park Economic Development Corp legitimate?
Oak Park Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Oak Park Economic Development Corp 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: $247,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,702
For more financial information, click here
Official website here: www.oakparkedc.org
What is the mission statement of Oak Park Economic Development Corp?
The mission of Oak Park Economic Development Corp is centered around enhancing the overall quality of life and economic health of a specific community. This is achieved by expanding the property tax base, increasing the sales tax revenue, and promoting the creation and retention of jobs within the community. The organization's activities during 2022 resulted in notable achievements, including an increase in sales tax revenue, the opening of new businesses, and the creation as well as retention of jobs within the community.
Official website here: www.oakparkedc.org
Who is the CEO of Oak Park Economic Development Corp?
Aaron Joseph is the Chair of Oak Park Economic Development Corp.
Official website here: www.oakparkedc.org
What is the revenue of Oak Park Economic Development Corp?
Oak Park Economic Development Corp's revenue in 2022 was $558,987.
Official website here: www.oakparkedc.org
Who are the executives of Oak Park Economic Development Corp and what are their salaries?
The average compensation at Oak Park Economic Development Corp during 2022 was $142,201. There are 3 employees and 8 volunteers at Oak Park Economic Development Corp.
Here are 9 key members and their salaries:
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- Compensation: $247,900
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Official website here: www.oakparkedc.org
Where can I find the form 990 for Oak Park Economic Development Corp?
Oak Park Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakparkedc.org
Learn more at the official website: www.oakparkedc.org
Mission Statement of Oak Park Economic Development Corp
Oak Park Economic Development Corp, as an organization, is committed to enhancing the quality of life and boosting the economic health of its community. Their mission is twofold: firstly, they aim to expand the property tax base of the village, and secondly, they strive to increase the sales tax revenue. This dual focus is intended to foster economic growth and job creation within the village. By successfully achieving these objectives, the corporation aims to create and retain jobs within the community, ultimately contributing to the overall prosperity and well-being of its residents. During 2022, the organization's efforts resulted in notable achievements, including increased sales tax revenue, the opening of new businesses, and the creation and retention of jobs within the village.
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Impact
October, 2024
Oak Park Economic Development Corp significantly enhances the economic vitality of Oak Park, IL. Its initiatives have led to increased sales tax revenue, contributing to the village's financial health. In 2022, the organization played a pivotal role in opening new businesses, which not only enriches the local economy but also creates jobs and ensures the retention of existing employment opportunities. Through its mission to expand the property and sales tax bases, the organization directly supports the overall quality of life in the village, fostering community improvement and sustainable growth.
This information is meant to be a general summary of Oak Park 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7
- Gross Receipts: $558,987
Assets and Liabilities:
- Total Assets: $285,638
- Total Liabilities: $148,836
- Net Assets: $136,802
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Organization Details
Founding Year
1974
Phone
(708) 383-3838Principal Officer
Aaron Joseph
Main Address
104 N OAK PARK AVE 203, OAK PARK, IL, 603011387
Website
www.oakparkedc.orgNTEE Category
Code: S30 - Community improvement
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