Overview
What is Lapeer Development Corporation?
The Lapeer Development Corporation, located at 449 McCormick Drive, Lapeer, MI 48446, is a nonprofit organization dedicated to fostering economic growth throughout Lapeer County, Michigan. Acting as a bridge between federal, state, and local governments, as well as businesses, the corporation aims to facilitate the location or expansion of businesses within the county. By serving as a liaison between public and private sectors, the Lapeer Development Corporation works to secure the necessary assistance for various projects, ultimately contributing to the overall economic development of the region. The organization is supported by a team of five dedicated individuals.
Official website here: www.lapeerdevelopment.com
Is Lapeer Development Corporation legitimate?
Lapeer Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lapeer Development Corporation 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: $106,926
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,299
For more financial information, click here
Official website here: www.lapeerdevelopment.com
What is the mission statement of Lapeer Development Corporation?
The Lapeer Development Corporation's mission is to foster and oversee economic growth within Lapeer County. It serves as a bridge between various levels of government and businesses, aiming to assist those interested in establishing or expanding their operations within the county. The corporation acts as a liaison, securing necessary assistance for potential projects, thereby playing a crucial role in coordinating economic development efforts.
Official website here: www.lapeerdevelopment.com
Who is the CEO of Lapeer Development Corporation?
Sam Moore is the Board Member of Lapeer Development Corporation.
Official website here: www.lapeerdevelopment.com
What is the revenue of Lapeer Development Corporation?
Lapeer Development Corporation's revenue in 2022 was $178,651.
Official website here: www.lapeerdevelopment.com
Who are the executives of Lapeer Development Corporation and what are their salaries?
The average compensation at Lapeer Development Corporation during 2022 was $26,645. There are 5 employees at Lapeer Development Corporation.
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Official website here: www.lapeerdevelopment.com
Where can I find the form 990 for Lapeer Development Corporation?
Lapeer Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lapeerdevelopment.com
Learn more at the official website: www.lapeerdevelopment.com
Mission Statement of Lapeer Development Corporation
Lapeer Development Corporation, as a leading entity, is committed to spearheading and coordinating economic development efforts across the county. Its primary role is to serve as a bridge between various levels of government and businesses interested in establishing or expanding their operations in the region. The corporation acts as a liaison, ensuring that necessary assistance is obtained for any project, thereby fostering a conducive environment for economic growth in the unspecified location of Lapeer County, Michigan.
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Impact
October, 2024
Lapeer Development Corporation plays a vital role in fostering economic growth and development in Lapeer County, Michigan. By serving as a liaison between public and private sectors, it facilitates collaboration and communication among local businesses and government entities. This alignment is crucial for businesses looking to establish or expand their operations in the area.
One of the key initiatives of the organization is the Lapeer Development Corporation Revolving Loan Fund. This fund provides financial assistance to businesses, helping them initiate projects that contribute to the community's economic vitality. By supporting companies in securing necessary resources, the organization directly impacts job creation and retention in the region.
The Corporation's efforts not only enhance local economic conditions but also assist in attracting federal and state resources to Lapeer County. This connection is essential for businesses seeking information and support tailored to their development needs. Overall, Lapeer Development Corporation significantly influences the area's growth trajectory, ensuring that both established and emerging businesses can thrive.
This information is meant to be a general summary of Lapeer Development Corporation. 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: $643
- Program Service Revenue: $138,308
- Gross Receipts: $178,651
Assets and Liabilities:
- Total Assets: $763,997
- Total Liabilities: $12,920
- Net Assets: $751,077
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAPEER LDFA
Revenue
$25,000
LAPEER TIFA
Revenue
$25,000
CY MEMBERSHIP DUES
Revenue
$24,830
GRANT ADMINISTRATION
Revenue
$18,989
IMLAY CITY DDA/TIFA
Revenue
$12,500
Organization Details
Founding Year
1981
Phone
(810) 667-0080Principal Officer
Sam Moore
Main Address
449 MCCORMICK DRIVE, LAPEER, MI, 48446
Website
www.lapeerdevelopment.comNTEE Category
Code: S30 - Community improvement
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