Middleton Area Development Corporation C/O Kevin Mahaney

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

EIN: 391288135 ✦ Middleton, WI ✦ Designated as a 501(c)(4)

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Overview

What is Middleton Area Development Corporation C/O Kevin Mahaney?

Middleton Area Development Corporation C/O Kevin Mahaney is a nonprofit organization established in 1978, with a mission to foster economic development within the city. Their primary activity involves providing loans to suitable local businesses as an incentive to maintain their presence in Middleton or expand, thus creating new job opportunities. The loans are offered at standard interest rates, with repayment scheduled on a monthly basis. This nonprofit organization serves to support and promote the growth of local businesses within the city limits.


Official website here: www.madcwi.com

Is Middleton Area Development Corporation C/O Kevin Mahaney legitimate?

Middleton Area Development Corporation C/O Kevin Mahaney is a legitimate nonprofit organization registered as a 501(c)(4) entity. Middleton Area Development Corporation C/O Kevin Mahaney 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.madcwi.com

What is the mission statement of Middleton Area Development Corporation C/O Kevin Mahaney?

The Middleton Area Development Corporation was established in 1978 with the primary objective of fostering economic development in the city. It accomplishes this by offering loans to local businesses. The purpose of these loans is twofold: to retain existing businesses within the city and to encourage expansion, thereby creating new job opportunities. The loans are provided at standard interest rates and are repaid on a monthly payment schedule. The organization's activities are geared towards strengthening the local economy and promoting business growth.


Official website here: www.madcwi.com

Who is the CEO of Middleton Area Development Corporation C/O Kevin Mahaney?

Kevin Mahaney is the President of Middleton Area Development Corporation C/O Kevin Mahaney.


Official website here: www.madcwi.com

What is the revenue of Middleton Area Development Corporation C/O Kevin Mahaney?

Middleton Area Development Corporation C/O Kevin Mahaney's revenue in 2022 was $112,424.


Official website here: www.madcwi.com

Who are the executives of Middleton Area Development Corporation C/O Kevin Mahaney and what are their salaries?

There 8 volunteers at Middleton Area Development Corporation C/O Kevin Mahaney.


Here are 8 key members and their salaries:


Kevin Mahaney (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Burck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Zwettler (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Dewerd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Porter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Passini (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Ramsey Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.madcwi.com

Where can I find the form 990 for Middleton Area Development Corporation C/O Kevin Mahaney?

Middleton Area Development Corporation C/O Kevin Mahaney's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.madcwi.com

Learn more at the official website: www.madcwi.com

Mission Statement of Middleton Area Development Corporation C/O Kevin Mahaney

The Middleton Area Development Corporation, led by Kevin Mahaney, was established in 1978 with a mission to promote economic development within the city. This mission is accomplished through the provision of loans to local businesses. These loans serve as incentives, helping to keep existing businesses within the city or encouraging expansion, which in turn creates new job opportunities. The organization operates on the principle of providing loans at standard rates, with repayments scheduled on a monthly basis. This financial assistance plays a crucial role in supporting the growth and sustainability of businesses within the city.

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Impact




October, 2024

Middleton Area Development Corporation, under the leadership of Kevin Mahaney, plays a crucial role in economic development within the city of Middleton, Wisconsin. Established in 1978, the organization focuses on providing financial assistance to local businesses through loans designed to incentivize their establishment and growth in the area.

By offering loans at standard rates, the corporation significantly contributes to the retention and expansion of businesses, which in turn generates new job opportunities for the community. This strategy not only bolsters the local economy but also fosters a sense of stability and sustainability among existing businesses.

The impact of Middleton Area Development Corporation can be seen in the improvement of the community's economic landscape, as it actively works to ensure that local enterprises thrive and contribute to the overall quality of life in Middleton. Through its initiatives, the organization strengthens the business ecosystem, which benefits residents and enhances the vibrancy of the city.




This information is meant to be a general summary of Middleton Area Development Corporation C/O Kevin Mahaney. 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
$112,424 (2022)
201120122013201420152016201720182019202020212022$0$50,000$100k$150k$200k
Expenses
$48,670 (2022)
201120122013201420152016201720182019202020212022$0$45,000$90,000$135k$180k
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Investment Income: $23,798
  • Program Service Revenue: $83,241
  • Gross Receipts: $112,424

Assets and Liabilities:

  • Total Assets: $4,718,630
  • Total Liabilities: $200,000
  • Net Assets: $4,518,630

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

AIRPORT TERMINAL RENT

Revenue

$76,200

LOAN INTEREST EARNED

Revenue

$5,600

LOAN FEES EARNED

Revenue

$1,441

Organization Details

Founding Year

1978

Principal Officer

Kevin Mahaney

Main Address

PO BOX 620185, MIDDLETON, WI, 53562

NTEE Category

Code: S31 - Community improvement

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