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Holstein Development Authority

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

EIN: 371642140 ✦ Holstein, IA ✦ Designated as a 501(c)(3)

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Overview

What is Holstein Development Authority?

Holstein Development Authority is a dedicated urban development organization based in Holstein, Iowa. Their primary mission involves securing and renovating a theater facility for the local community's enjoyment. Additionally, they strive to foster business growth and development within the area. This nonprofit organization is committed to enhancing the community's leisure activities and economic prospects.

Is Holstein Development Authority legitimate?

Holstein Development Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holstein Development Authority submitted a form 990EZ, 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.

What is the mission statement of Holstein Development Authority?

The Holstein Development Authority is an urban development organization with a mission to acquire and renovate a community theater. Beyond this, their objective is to foster and advance business growth in the area. This involves promoting and encouraging entrepreneurship and economic development within the community.

Who is the CEO of Holstein Development Authority?

Tom Kohmehl is the President of Holstein Development Authority.

What is the revenue of Holstein Development Authority?

Holstein Development Authority's revenue in 2022 was $65,373.

Who are the executives of Holstein Development Authority and what are their salaries?


Here are 3 key members and their salaries:


Tom Kohmehl (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Pudenz (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Nees (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Holstein Development Authority?

Holstein Development Authority's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Holstein Development Authority

The Holstein Development Authority is an urban development organization with a distinct mission. Their primary goal is to secure and refurbish a community theater, and beyond that, they aim to foster business growth and promotion within their sphere. By obtaining and renovating a theater, they aim to contribute to the cultural and social fabric of their community, providing a space for entertainment and community engagement. Furthermore, their mission extends to developing and promoting local businesses, working towards the betterment and prosperity of the community as a whole.

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Impact




August, 2024

The Holstein Development Authority has made a significant impact on the community of Holstein, IA by obtaining and remodeling a theatre for the community. This initiative has not only preserved a cultural landmark but has also provided a space for community gatherings and events. Additionally, the Authority's efforts to develop and promote businesses in the area have helped stimulate economic growth and create job opportunities for local residents. Overall, the Holstein Development Authority's work has contributed to the improvement and revitalization of the community.




This information is meant to be a general summary of Holstein Development Authority. 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
$65,373 (2022)
Expenses
$78,264 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $25
  • Gross Receipts: $65,373

Assets and Liabilities:

  • Total Assets: $171,747
  • Total Liabilities: $0
  • Net Assets: $171,747

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Organization Details

Principal Officer

Tom Kohmehl

Main Address

PO BOX 254, HOLSTEIN, IA, 51025

NTEE Category

Code: S30 - Community improvement

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