Overview
What is Economic Development Council Of The Bloomington-Normal Area?
The Economic Development Council of the Bloomington-Normal Area is a nonprofit organization situated in Normal, Illinois. Its primary mission is to foster prosperity and enhance the quality of life in McLean County by supporting local businesses and attracting new ones. As a leadership organization, it invests in the community's assets, providing economic development programs to help businesses grow and thrive. This proactive approach aims to create a vibrant and prosperous community for all its residents.
Official website here: www.bnbiz.org
What do the Facebook reviews say about Economic Development Council Of The Bloomington-Normal Area?
98% of 8 reviewers on Facebook recommend this charity. Here is a summary of their reviews: The Economic Development Council of the Bloomington-Normal Area is praised for its dedication to fostering growth and prosperity in McLean County. Reviewers highlight the positive organizational culture and the genuine care the council shows towards the local community's development.
Overall, the sentiment expressed is highly favorable, indicating an enthusiastic support for the council's initiatives aimed at economic improvement. People appreciate the council's efforts and the impact it has on the region, suggesting that it effectively delivers on its promises to the community.
This AI summary has been generated from reviews found on Facebook.
Is Economic Development Council Of The Bloomington-Normal Area legitimate?
Economic Development Council Of The Bloomington-Normal Area is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Council Of The Bloomington-Normal Area 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: $208,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,734
For more financial information, click here
Official website here: www.bnbiz.org
What is the mission statement of Economic Development Council Of The Bloomington-Normal Area?
The Economic Development Council of a specific area, while not specified, is committed to fostering prosperity for both businesses and communities. This is achieved by attracting new businesses and aiding in the development of existing ones within the locality. Acting as a leadership organization, the council invests in the community's assets to further prosperity and improve the overall quality of life.
In essence, the Economic Development Council serves as a catalyst for growth, ensuring that businesses thrive and the community prospers. By attracting new ventures and supporting established ones, it contributes to the region's economic vitality and enhances the well-being of its inhabitants. As a leadership organization, it strategically invests in community assets to facilitate this growth and development.
Official website here: www.bnbiz.org
Who is the CEO of Economic Development Council Of The Bloomington-Normal Area?
Patrick Hoban is the Board Member of Economic Development Council Of The Bloomington-Normal Area. The CEO's salary of Economic Development Council Of The Bloomington-Normal Area is $208,168 and their total compensation is $229,536.
Official website here: www.bnbiz.org
What is the revenue of Economic Development Council Of The Bloomington-Normal Area?
Economic Development Council Of The Bloomington-Normal Area's revenue in 2022 was $981,896.
Official website here: www.bnbiz.org
Who are the executives of Economic Development Council Of The Bloomington-Normal Area and what are their salaries?
The average compensation at Economic Development Council Of The Bloomington-Normal Area during 2022 was $76,650. There are 6 employees at Economic Development Council Of The Bloomington-Normal Area.
Here are 15 key members and their salaries (Economic Development Council Of The Bloomington-Normal Area's CEO's salary is $208,168 and their total compensation is $229,536):
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- Compensation: $208,168
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- Other: $21,368
Official website here: www.bnbiz.org
Where can I find the form 990 for Economic Development Council Of The Bloomington-Normal Area?
Economic Development Council Of The Bloomington-Normal Area's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bnbiz.org
Learn more at the official website: www.bnbiz.org
Mission Statement of Economic Development Council Of The Bloomington-Normal Area
The Economic Development Council of Bloomington-Normal is committed to aiding businesses and communities in the McLean County area prosper by attracting new businesses and supporting the development of existing ones within the community. Acting as a leadership organization, the Economic Development Council invests in the area's assets to stimulate growth and enhance the quality of life. Their mission is to contribute to the prosperity and improvement of the community, ultimately fostering a thriving and successful business environment.
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Impact
October, 2024
The Economic Development Council of the Bloomington-Normal Area plays a pivotal role in enhancing the economic landscape of McLean County. By focusing on attracting new businesses and aiding the development of existing ones, the council fosters a dynamic environment for growth and innovation. This leadership organization is dedicated to investing in the community’s assets, which not only boosts economic prosperity but also elevates the overall quality of life for residents.
Through various economic development programs, the council works to create job opportunities and support local entrepreneurs, ultimately strengthening the local economy. Its efforts in community improvement lead to a more vibrant and sustainable region, making Bloomington-Normal a more attractive place for both businesses and residents alike. The impact of the Economic Development Council is evident in the increased vitality of the community, as it successfully bridges the gap between potential and achievement within the local business ecosystem.
This information is meant to be a general summary of Economic Development Council Of The Bloomington-Normal Area. 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: $386
- Program Service Revenue: $36,707
- Gross Receipts: $981,896
Assets and Liabilities:
- Total Assets: $1,341,348
- Total Liabilities: $131,466
- Net Assets: $1,209,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT
Revenue
$36,707
Organization Details
Founding Year
1984
Phone
(309) 452-8437Principal Officer
Patrick Hoban
Main Address
200 W COLLEGE AVENUE SUITE 402, NORMAL, IL, 61761
Website
www.bnbiz.orgNTEE Category
Code: S30 - Community improvement
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