Overview
What is Mchenry County Economic Development Corporaton?
The Mchenry County Economic Development Corporation, situated in Crystal Lake, Illinois, serves as a catalyst for promoting economic well-being within McHenry County. Their mission is to retain, expand, and attract commerce and industry, thereby enhancing the overall quality of life for its residents. The organization operates with a team of four individuals, working diligently to establish an economic development structure that supports the community's goals. By fostering a conducive environment for commerce and industry, the Mchenry County Economic Development Corporation contributes to the county's economic health, ultimately benefiting its citizens.
Official website here: www.mchenrycountyedc.com
Is Mchenry County Economic Development Corporaton legitimate?
Mchenry County Economic Development Corporaton is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mchenry County Economic Development Corporaton 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: $202,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,537
For more financial information, click here
Official website here: www.mchenrycountyedc.com
What is the mission statement of Mchenry County Economic Development Corporaton?
The Mchenry County Economic Development Corporation's mission is to foster the economic well-being of its community. This is achieved by supporting the retention, expansion, and attraction of suitable businesses and industries. The primary goal is to enhance the quality of life for its residents by establishing an economic development structure that promotes growth and prosperity for the community. The corporation facilitates this through various initiatives, aiming to create an environment conducive to business success and overall community development.
Official website here: www.mchenrycountyedc.com
Who is the CEO of Mchenry County Economic Development Corporaton?
Jim Ringness is the President of Mchenry County Economic Development Corporaton.
Official website here: www.mchenrycountyedc.com
What is the revenue of Mchenry County Economic Development Corporaton?
Mchenry County Economic Development Corporaton's revenue in 2022 was $335,863.
Official website here: www.mchenrycountyedc.com
Who are the executives of Mchenry County Economic Development Corporaton and what are their salaries?
The average compensation at Mchenry County Economic Development Corporaton during 2022 was $57,265. There are 4 employees and 26 volunteers at Mchenry County Economic Development Corporaton.
Here are 19 key members and their salaries:
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Official website here: www.mchenrycountyedc.com
Where can I find the form 990 for Mchenry County Economic Development Corporaton?
Mchenry County Economic Development Corporaton's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mchenrycountyedc.com
Learn more at the official website: www.mchenrycountyedc.com
Mission Statement of Mchenry County Economic Development Corporaton
The Mchenry County Economic Development Corporation, in its mission, strives to enhance the economic well-being of McHenry County, Illinois. By focusing on retaining, expanding, and attracting commerce and industry that aligns with an optimal quality of life for its residents, the organization aims to create a vibrant and thriving community. To accomplish this, the corporation facilitates an economic development structure that empowers the local community to promote their own interests and better the lives of their citizens.
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Impact
October, 2024
The McHenry County Economic Development Corporation plays a crucial role in enhancing the economic landscape of McHenry County, Illinois. By focusing on the retention, expansion, and attraction of commerce and industry, it actively promotes a thriving business environment that benefits the local community.
Its impact is evident in several key areas:
1. **Economic Growth**: The organization facilitates the growth of existing businesses while working to attract new ones, which in turn creates jobs and stimulates the local economy.
2. **Quality of Life**: By prioritizing industries that align with the needs of residents, it contributes to an optimal quality of life, ensuring that economic development efforts benefit the community at large.
3. **Community Empowerment**: The McHenry County Economic Development Corporation aids in establishing a robust economic development structure, empowering local leaders and residents to advocate for improvements and initiatives that serve their interests.
4. **Industry Diversification**: Its efforts help diversify the local economy, making it more resilient to market fluctuations and ensuring long-term stability.
In summary, the organization is instrumental in shaping a prosperous and sustainable future for McHenry County through dedicated economic development initiatives.
This information is meant to be a general summary of Mchenry County Economic Development Corporaton. 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: $78,650
- Gross Receipts: $335,863
Assets and Liabilities:
- Total Assets: $56,391
- Total Liabilities: $1,495
- Net Assets: $54,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING
Revenue
$51,650
CEO PEER GROUP
Revenue
$27,000
Organization Details
Founding Year
1992
Phone
(815) 893-0895Principal Officer
Jim Ringness
Main Address
620 DAKOTA STREET, CRYSTAL LAKE, IL, 60012
Website
www.mchenrycountyedc.comNTEE Category
Code: S30 - Community improvement
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