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Lapeer Development Corporation

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

EIN: 382380236 ✦ Lapeer, MI ✦ Designated as a 501(c)(3)

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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.


Here are 18 key members and their salaries:


Carolyn Bennett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Burrough (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Deshetsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Dube (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Horton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Madison Jarmon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Burke Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Ligon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Marco (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Phillips (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lenny Schneider (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Trent (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Vargas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Zott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bowman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Harrington (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Kerbyson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leanne Panduren (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


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.

Revenue
$178,651 (2022)
Expenses
$231,967 (2022)
Efficiency

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

Principal Officer

Sam Moore

Main Address

449 MCCORMICK DRIVE, LAPEER, MI, 48446

NTEE Category

Code: S30 - Community improvement

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