Kewanee Economic Development Corp

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

EIN: 363276581 ✦ Kewanee, IL ✦ Designated as a 501(c)(4)

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Overview

What is Kewanee Economic Development Corp?

Kewanee Economic Development Corp is a nonprofit organization established in Kewanee, Illinois, dedicated to fostering economic growth and development within the region. By attracting new industries and businesses, the corporation aims to create job opportunities, thereby enhancing the community's overall strength. Its main mission revolves around economic development, aiming to bring about positive changes and improvements in the local economy.


Official website here: www.kedcorp.org

Is Kewanee Economic Development Corp legitimate?

Kewanee Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Kewanee 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: $57,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kedcorp.org

What is the mission statement of Kewanee Economic Development Corp?

The Kewanee Economic Development Corporation is established with the primary objective of fostering economic growth and industrial development in its respective area. By attracting new industries and businesses, this organization aims to create job opportunities, thereby enhancing the overall community's strength. The organization's activities are centered around promoting business expansion and development, contributing to a prosperous and thriving economic landscape.


Official website here: www.kedcorp.org

Who is the CEO of Kewanee Economic Development Corp?

Katherine Albert is the Executive Director of Kewanee Economic Development Corp.


Official website here: www.kedcorp.org

What is the revenue of Kewanee Economic Development Corp?

Kewanee Economic Development Corp's revenue in 2022 was $281,958.


Official website here: www.kedcorp.org

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

The average compensation at Kewanee Economic Development Corp during 2022 was $57,400. There is 1 employee and 50 volunteers at Kewanee Economic Development Corp.


Here are 5 key members and their salaries:


Katherine J Albert (Executive Director)
  • Compensation: $57,400
  • Related: $0
  • Other: $0
Charles Eastman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas G Ratliff (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Rewerts (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
See List (Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kedcorp.org

Where can I find the form 990 for Kewanee Economic Development Corp?

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


Official website here: www.kedcorp.org

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

Mission Statement of Kewanee Economic Development Corp

The Kewanee Economic Development Corporation, established as a collective group, is dedicated to fostering economic and industrial growth within its sphere of influence. By spearheading the development of new industries and businesses, this organization plays a significant role in creating employment opportunities, thereby enhancing the overall strength and vitality of the community.

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Impact




October, 2024

The Kewanee Economic Development Corp plays a pivotal role in driving economic and industrial growth in Kewanee, Illinois. By fostering the development of new industries and businesses, the organization effectively generates employment opportunities, contributing to the overall strength of the community. This proactive approach not only enhances job opportunities but also promotes community improvement, making Kewanee a more vibrant and sustainable place for residents and businesses alike. Through its initiatives, the Kewanee Economic Development Corp supports a robust economic landscape, ensuring a brighter future for the region.




This information is meant to be a general summary of Kewanee 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
$281,958 (2022)
Expenses
$74,146 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $784
  • Gross Receipts: $286,981

Assets and Liabilities:

  • Total Assets: $1,158,704
  • Total Liabilities: $1,567
  • Net Assets: $1,157,137

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Organization Details

Founding Year

1975

Principal Officer

Katherine Albert

Main Address

404 E THIRD STREET, KEWANEE, IL, 61443

NTEE Category

Code: S30 - Community improvement

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