Overview
What is Lawrence County Industrial Development Council?
The Lawrence County Industrial Development Council is a nonprofit organization situated in Lawrence County, Illinois. Their primary mission is to stimulate business growth within the region, achieving this goal through their focus on industrial development. To further this objective, they manage a foreign trade zone program. This program is instrumental in fostering business expansion by offering specialized benefits and regulations that can potentially reduce costs and expedite international trade operations. By promoting business development, the Lawrence County Industrial Development Council contributes to the economic growth and vitality of its local community.
Official website here: www.lawrencecounty.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Lawrence County Industrial Development Council received a score of 76%, which translates to a Three-Star rating. This score reflects a strong performance in the area of Accountability & Finance, indicating that the organization is effectively managing its resources and maintaining transparency with its stakeholders.
The council excels in several key indicators, including having a fully independent board, robust financial practices, and no material diversion of assets. Additionally, the organization demonstrates transparency by listing its website on tax forms and providing access to board meeting minutes. With a program expense ratio of 72.05%, it shows a significant commitment to its mission-driven programs.
However, while the overall financial health appears strong, the single beacon score means there is limited information on other aspects of the organization's performance, such as impact or community engagement. This could limit a comprehensive understanding of the council's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence County Industrial Development Council legitimate?
Lawrence County Industrial Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence County Industrial Development Council 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.
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Official website here: www.lawrencecounty.com
What is the mission statement of Lawrence County Industrial Development Council?
The Lawrence County Industrial Development Council is dedicated to fostering business growth within Lawrence County, Illinois. This is accomplished through its primary mission of industrial development, which involves promoting and supporting various business ventures within the region. Additionally, the council operates a foreign trade zone program, further contributing to the economic development of the area.
Official website here: www.lawrencecounty.com
Who is the CEO of Lawrence County Industrial Development Council?
Philip David is the Director of Lawrence County Industrial Development Council.
Official website here: www.lawrencecounty.com
What is the revenue of Lawrence County Industrial Development Council?
Lawrence County Industrial Development Council's revenue in 2022 was $65,299.
Official website here: www.lawrencecounty.com
Who are the executives of Lawrence County Industrial Development Council and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.lawrencecounty.com
Where can I find the form 990 for Lawrence County Industrial Development Council?
Lawrence County Industrial Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lawrencecounty.com
Learn more at the official website: www.lawrencecounty.com
Mission Statement of Lawrence County Industrial Development Council
The Lawrence County Industrial Development Council, as a dedicated organization, is committed to fostering business growth within Lawrence County, Illinois. Its primary mission is centered around promoting industrial development, aiming to attract and support various businesses within the county. To achieve this, the council operates a foreign trade zone program, which facilitates international trade and commerce within the region, thereby stimulating economic growth. The council's activities are geared towards enhancing the local business environment, thereby contributing to the overall development and prosperity of Lawrence County.
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Impact
August, 2024
Lawrence County Industrial Development Council plays a pivotal role in driving economic growth and prosperity within Lawrence County, Illinois. By focusing on industrial development, the council actively promotes business expansion and job creation in the region. Through its mission to facilitate industrial development, the council works to attract new businesses, support existing industries, and create a favorable environment for economic success. Additionally, the operation of a foreign trade zone program demonstrates the council's commitment to fostering international trade and investment in the area. Overall, Lawrence County Industrial Development Council's efforts have a significant impact on enhancing the economic vitality and competitiveness of Lawrence County, contributing to community improvement and sustained growth.
This information is meant to be a general summary of Lawrence County Industrial Development Council. 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.
- Investment Income: $1,165
- Program Service Revenue: $55,614
- Gross Receipts: $65,299
Assets and Liabilities:
- Total Assets: $740,933
- Total Liabilities: $0
- Net Assets: $740,933
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATION OF FOREIGN T
Revenue
$54,000
LOAN INTEREST
Revenue
$1,614
Organization Details
Founding Year
1983
Phone
(618) 943-7575Principal Officer
Philip David
Main Address
1300 15TH STREET, LAWRENCEVILLE, IL, 62439
Website
www.lawrencecounty.comNTEE Category
Code: S31 - Community improvement
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