Western Minnesota Industries

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

EIN: 363424793 ✦ Fergus falls, MN ✦ Designated as a 501(c)(4)

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Overview

What is Western Minnesota Industries?

Western Minnesota Industries is a nonprofit organization situated in Fergus Falls, Minnesota. Their primary goal is to boost the local economy and minimize unemployment by attracting new businesses to the city. They accomplish this by making expenditures on rent, interest, and various other items. Although they did not make any grants or related expenditures in 2020, their mission remains focused on this objective, aiming to stimulate economic growth in Fergus Falls.

Is Western Minnesota Industries legitimate?

Western Minnesota Industries is a legitimate nonprofit organization registered as a 501(c)(4) entity. Western Minnesota Industries 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.

What is the mission statement of Western Minnesota Industries?

Western Minnesota Industries' mission is centered around encouraging the establishment of businesses to stimulate economic growth and reduce unemployment. They aim to attract new businesses, acting as a catalyst for economic development in an unspecified location. Their strategies involve utilizing expenditures on rent, interest, and miscellaneous items for this purpose. In 2020, there were no grants or related expenditures made by the organization.

Who is the CEO of Western Minnesota Industries?

Unavailable

What is the revenue of Western Minnesota Industries?

Western Minnesota Industries's revenue in 2020 was $43.

Who are the executives of Western Minnesota Industries and what are their salaries?


Here are 7 key members and their salaries:


Pam Bice (Pres/Sec/Tre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Olson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Berge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Isaac (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Schmaltz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Klara Beck (Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Western Minnesota Industries?

Western Minnesota Industries's most recent form 990EZ was submitted in 2020 and can be accessed here.

Mission Statement of Western Minnesota Industries

Western Minnesota Industries, a nonprofit organization, aims to stimulate economic growth and reduce unemployment in its operations. To accomplish this, the organization invests in rent, interest, and various other miscellaneous expenses. The primary objective is to attract new businesses to its jurisdiction, thereby creating job opportunities and contributing to the overall economic development of the community. In 2020, Western Minnesota Industries did not make any grant-related expenditures in pursuit of this mission.

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Impact




October, 2024

Western Minnesota Industries plays a significant role in fostering economic growth and reducing unemployment in Fergus Falls, Minnesota. By strategically utilizing expenditures related to rent, interest, and other miscellaneous items, the organization works to attract new businesses to the area. This influx of businesses not only creates job opportunities but also stimulates the local economy, ultimately benefiting the community as a whole. The absence of grants or related expenditures in 2020 indicates a focused approach on direct investments that enhance the business climate in Fergus Falls, demonstrating a commitment to community improvement and long-term economic stability.




This information is meant to be a general summary of Western Minnesota Industries. 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
$43 (2020)
Expenses
$1,265 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $43
  • Gross Receipts: $43

Assets and Liabilities:

  • Total Assets: $55,107
  • Total Liabilities: $0
  • Net Assets: $55,107

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Organization Details

Main Address

112 WEST WASHINGTON AVE, FERGUS FALLS, MN, 56537

NTEE Category

Code: S00 - Community improvement

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