Redwood Area Development Corporation

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

EIN: 363501509 ✦ Redwood falls, MN ✦ Designated as a 501(c)(4)

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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:


Maggie Blue (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Madsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ingebrigtson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherri Schueller (Secretarytreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Kokesch (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


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.

Revenue
$199,087 (2022)
Expenses
$234,177 (2022)
Efficiency

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

NTEE Category

Code: S31 - Community improvement

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