Overview
What is Lenawee Economic Development Corp?
Lenawee Economic Development Corp is a nonprofit organization situated in Adrian, Michigan, with a strong focus on promoting and enhancing the economic growth of Lenawee County. Based at 5285 W US 223 STE A, this organization's primary mission is to stimulate economic development, attract new businesses, and help existing businesses expand and thrive. With a dedicated team of 20 employees, they actively assist Lenawee County businesses in developing growth plans. Their activities aim to stimulate the local economy, attract new businesses, and support entrepreneurial ventures.
Official website here: www.lenaweenow.org
What do the Facebook reviews say about Lenawee Economic Development Corp?
86% of the 17 reviewers on Facebook recommend the Lenawee Economic Development Corp. Here's a brief overview of their insights:
Many users appreciate the wealth of information provided about Lenawee County, highlighting the organization's efforts in promoting economic growth and community engagement. The positive sentiment reflects an appreciation for the resources and guidance offered to individuals and businesses looking to thrive in the area.
Overall, the consensus leans towards satisfaction with the organization's services, indicating that many find value in the support provided by the Lenawee Economic Development Corp.
This AI summary has been generated from reviews found on Facebook.
Is Lenawee Economic Development Corp legitimate?
Lenawee Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lenawee Economic Development Corp 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:
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Other Salaries and Wages: $491,162
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Official website here: www.lenaweenow.org
What is the mission statement of Lenawee Economic Development Corp?
The Lenawee Economic Development Corp's mission is centered around stimulating economic growth in the organization's domain. This involves attracting new businesses, encouraging the expansion of established businesses, and supporting entrepreneurial initiatives. The corporation's goal is to promote commercial, industrial, moral, and civic welfare, aiming to foster new economic development within its scope. Additionally, the organization assists businesses in Lenawee County in creating growth and expansion plans.
Official website here: www.lenaweenow.org
What is the revenue of Lenawee Economic Development Corp?
Lenawee Economic Development Corp's revenue in 2024 was $1,405,347.
Official website here: www.lenaweenow.org
Who are the executives of Lenawee Economic Development Corp and what are their salaries?
The average compensation at Lenawee Economic Development Corp during 2024 was $54,574. There are 9 employees at Lenawee Economic Development Corp.
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Official website here: www.lenaweenow.org
Where can I find the form 990 for Lenawee Economic Development Corp?
Lenawee Economic Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lenaweenow.org
Learn more at the official website: www.lenaweenow.org
Mission Statement of Lenawee Economic Development Corp
Lenawee Economic Development Corp, as a nonprofit organization, is committed to stimulating economic growth in its community. Its primary mission is to attract new businesses to the area, foster the expansion of existing businesses, and support entrepreneurial endeavors. By doing so, Lenawee Economic Development Corp aims to promote the commercial, industrial, moral, and civic welfare of the county. The corporation's activities are geared towards advancing the economic development of Lenawee County, assisting local businesses in formulating growth plans, and helping them expand their operations. In essence, Lenawee Economic Development Corp is an instrumental force in driving the economic progress of its community.
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Impact
October, 2024
Lenawee Economic Development Corp plays a pivotal role in shaping the economic landscape of Lenawee County. By focusing on stimulating economic development, the organization actively attracts new businesses while providing vital support to established ones. This dual approach not only fosters growth but also enhances the entrepreneurial spirit within the community.
The impact of their efforts is seen in various ways, including the promotion of commercial and industrial development, which directly contributes to the county's economic vitality. By developing plans for growth and expansion, the organization helps local businesses thrive, creating jobs and improving the overall quality of life in the region.
Additionally, the Lenawee Economic Development Corp’s commitment to community improvement resonates throughout the area, as it supports initiatives that enhance civic well-being. Their work ultimately advances the moral, civic, and industrial welfare of Lenawee County, making it a more attractive location for both businesses and residents alike.
This information is meant to be a general summary of Lenawee Economic Development Corp. 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 2024.
- Investment Income: $249,096
- Program Service Revenue: $59,324
- Gross Receipts: $1,406,789
Assets and Liabilities:
- Total Assets: $2,610,871
- Total Liabilities: $1,582,506
- Net Assets: $1,028,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Training Income
Revenue
$59,324
Organization Details
Founding Year
1946
Principal Officer
Patrick Farver
Website
www.lenaweenow.orgNTEE Category
Code: S30 - Community improvement
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