Overview
What is Redwood Area Development Corporation?
Redwood Area Development Corporation is a local nonprofit organization situated in Redwood Falls, Minnesota. Their primary mission revolves around supporting and advancing existing businesses within the Redwood area, as well as encouraging the expansion of these businesses and the establishment of new ones. Additionally, they are committed to assisting community development. With a small team of four dedicated individuals, they work tirelessly to foster a thriving business environment and contribute to the overall growth of the community.
Official website here: www.radc.org
Is Redwood Area Development Corporation legitimate?
Redwood Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Redwood Area 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: $177,432
For more financial information, click here
Official website here: www.radc.org
What is the mission statement of Redwood Area Development Corporation?
The Redwood Area Development Corporation is committed to assisting existing businesses, promoting their expansion, and aiding in the establishment of new businesses within its area. Additionally, the corporation plays a crucial role in community development. By offering assistance, it aims to foster a thriving business environment and contribute to the overall growth and improvement of the community.
Official website here: www.radc.org
Who is the CEO of Redwood Area Development Corporation?
John Ingebrigtson is the President of Redwood Area Development Corporation.
Official website here: www.radc.org
What is the revenue of Redwood Area Development Corporation?
Redwood Area Development Corporation's revenue in 2022 was $199,087.
Official website here: www.radc.org
Who are the executives of Redwood Area Development Corporation and what are their salaries?
The average compensation at Redwood Area Development Corporation during 2022 was $44,358. There are 4 employees at Redwood Area Development Corporation.
Here are 6 key members and their salaries:
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Official website here: www.radc.org
Where can I find the form 990 for Redwood Area Development Corporation?
Redwood Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.radc.org
Learn more at the official website: www.radc.org
Mission Statement of Redwood Area Development Corporation
Redwood Area Development Corporation, a nonprofit organization, is dedicated to supporting the growth and development of existing businesses in its area, while also promoting the expansion of these businesses and the establishment of new ones. The corporation's mission extends beyond the business sector, as it also aims to contribute to the overall community development. By assisting businesses, Redwood Area Development Corporation aims to foster a thriving economic environment, which in turn benefits the community as a whole. The corporation's activities are focused on providing the necessary support and resources for businesses to succeed, thereby contributing to the prosperity of the Redwood area.
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Impact
October, 2024
Redwood Area Development Corporation plays a pivotal role in enhancing the economic landscape of the Redwood area by actively supporting existing businesses and fostering the growth of new enterprises. Their efforts are centered around assisting local businesses in navigating challenges and maximizing opportunities for expansion. By promoting the establishment of new ventures, they contribute to job creation and the diversification of the local economy.
Additionally, the organization is committed to community development, which encompasses improving infrastructure, services, and the overall quality of life for residents. Their initiatives not only help stabilize and strengthen the local economy but also enhance the community's attractiveness to potential investors and newcomers. Through collaboration and targeted support, Redwood Area Development Corporation significantly impacts both business vitality and community well-being in Redwood Falls, MN.
This information is meant to be a general summary of Redwood Area 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $175,016
- Gross Receipts: $199,087
Assets and Liabilities:
- Total Assets: $146,484
- Total Liabilities: $0
- Net Assets: $146,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT SERVICES
Revenue
$6,770
RACF
Revenue
$50,700
MVRRA
Revenue
$23,708
RENVILLE HRA
Revenue
$91,338
Organization Details
Founding Year
1989
Principal Officer
John Ingebrigtson
Main Address
200 S MILL STREET PO BOX 481, REDWOOD FALLS, MN, 56283
Website
www.radc.orgNTEE Category
Code: S31 - Community improvement
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