Worthington Regional Economic Development Corporation

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

EIN: 363339749 ✦ Worthington, MN ✦ Designated as a 501(c)(6)

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Overview

What is Worthington Regional Economic Development Corporation?

The Worthington Regional Economic Development Corporation, located in Worthington, Minnesota, is a nonprofit organization dedicated to fostering business growth and community enhancement within the greater Worthington area. Their mission is to promote Worthington and Nobles County as an ideal location for conducting business, and they offer leadership to facilitate expansion and development. Their activities are geared towards enhancing the local economy, with a focus on promoting the region and driving growth and progress.


Official website here: www.worthington-minnesota.com

Is Worthington Regional Economic Development Corporation legitimate?

Worthington Regional Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Worthington Regional Economic Development Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.worthington-minnesota.com

What is the mission statement of Worthington Regional Economic Development Corporation?

The Worthington Regional Economic Development Corporation's mission is to advocate for and support business growth and expansion in its designated area. This organization aims to position the region as an attractive place for conducting business. To accomplish this, it provides leadership and engages in various economic development activities, all with the goal of enhancing the business and community environment in the greater Worthington area.


Official website here: www.worthington-minnesota.com

Who is the CEO of Worthington Regional Economic Development Corporation?

Reed Fricke is the Director of Worthington Regional Economic Development Corporation.


Official website here: www.worthington-minnesota.com

What is the revenue of Worthington Regional Economic Development Corporation?

Worthington Regional Economic Development Corporation's revenue in 2022 was $218,077.


Official website here: www.worthington-minnesota.com

Who are the executives of Worthington Regional Economic Development Corporation and what are their salaries?


Here are 11 key members and their salaries:


Matt Altman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nai Assassa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Cummings (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reed Fricke (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Hain (Stakeholder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Heitkamp (Stakeholder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Johnson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jase Peter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Rivas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Robinson (Stakeholder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Salinas (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.worthington-minnesota.com

Where can I find the form 990 for Worthington Regional Economic Development Corporation?

Worthington Regional Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.worthington-minnesota.com

Learn more at the official website: www.worthington-minnesota.com

Mission Statement of Worthington Regional Economic Development Corporation

Worthington Regional Economic Development Corporation, abbreviated as WRED, is committed to promoting its region as an ideal location for conducting business. Its mission is centered around providing leadership for the growth and expansion of the area. In essence, WRED aims to enhance business activities and foster a conducive environment within the greater Worthington community.

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Impact




October, 2024

The Worthington Regional Economic Development Corporation plays a crucial role in fostering economic growth and enhancing business opportunities in Worthington and Nobles County. Its mission centers on promoting the area as an attractive destination for business operations while providing leadership to drive growth and expansion. Through targeted economic development activities, the organization aims to strengthen the local economy and invigorate the community, ultimately contributing to a thriving business environment and improved quality of life for residents. By advocating for strategic initiatives and supporting local enterprises, the corporation helps position the greater Worthington area as a vibrant hub for commerce and community improvement.




This information is meant to be a general summary of Worthington Regional Economic Development Corporation. 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
$218,077 (2022)
Expenses
$63,422 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $110,935
  • Gross Receipts: $238,866

Assets and Liabilities:

  • Total Assets: $1,599,553
  • Total Liabilities: $10,715
  • Net Assets: $1,588,838

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Organization Details

Founding Year

1984

Principal Officer

Reed Fricke

Main Address

700 SECOND AVE, WORTHINGTON, MN, 56187

NTEE Category

Code: S30 - Community improvement

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