Overview
What is Desplaines River Valley Enterprise Zone?
The Desplaines River Valley Enterprise Zone is a stimulating environment designed to foster the growth of small businesses. Situated within this zone, an incubator program offers financial assistance through low-interest loans, aiming to empower these budding enterprises. The program's mission is to promote and sustain these businesses, contributing to the economic development and vitality of the Desplaines River Valley area.
Is Desplaines River Valley Enterprise Zone legitimate?
Desplaines River Valley Enterprise Zone is a legitimate nonprofit organization registered as a 501(c)(3) entity. Desplaines River Valley Enterprise Zone 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.
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What is the mission statement of Desplaines River Valley Enterprise Zone?
The Desplaines River Valley Enterprise Zone operates an incubator program with the mission of fostering the growth of small businesses. This is achieved by providing loans at low interest rates to promote entrepreneurship within the enterprise zone. The primary objective is to support the establishment and development of new businesses, thereby stimulating economic growth and job creation in the area. The program aims to provide a conducive environment for small businesses to thrive and contributes to the local economy's overall development.
What is the revenue of Desplaines River Valley Enterprise Zone?
Desplaines River Valley Enterprise Zone's revenue in 2024 was $31,748.
Who are the executives of Desplaines River Valley Enterprise Zone and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990EZ for Desplaines River Valley Enterprise Zone?
Desplaines River Valley Enterprise Zone's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Desplaines River Valley Enterprise Zone
The Desplaines River Valley Enterprise Zone serves as an incubator, dedicated to fostering the growth of small businesses within its jurisdiction. Their mission is centered around promoting entrepreneurship by offering loans at favorable interest rates. By providing financial support in this manner, the Enterprise Zone aims to nurture the development of small businesses, thereby contributing to the economic growth and vitality of the area.
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Impact
August, 2024
The impact of Desplaines River Valley Enterprise Zone is significant in promoting the growth and development of small businesses in the region. By providing a platform for entrepreneurs to access funds at low interest rates through its incubator program, the Enterprise Zone plays a crucial role in fostering economic activity and job creation in Joliet, Illinois. This support enables small businesses to thrive, contribute to the local economy, and enhance the overall community improvement efforts in the area.
This information is meant to be a general summary of Desplaines River Valley Enterprise Zone. 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 2024.
- Investment Income: $6,373
- Gross Receipts: $31,748
Assets and Liabilities:
- Total Assets: $288,522
- Total Liabilities: $0
- Net Assets: $288,522
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Organization Details
Principal Officer
David Nelson
NTEE Category
Code: S31 - Community improvement
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