Overview
What is Waupaca County Economic Development Corp?
Waupaca County Economic Development Corp (WCEDC) is a nonprofit organization situated in New London, Wisconsin. Their primary mission is to collaborate with local municipalities, the State of Wisconsin, and individual businesses to foster economic growth and development in Waupaca County. They achieve this by promoting job creation, attracting investment, and encouraging tourism. The WCEDC manages a Revolving Loan Fund Program, providing below-market interest rate loans to aid businesses in starting up or expanding. In 2021, no applications were received, and repayments were suspended from April 2020 to June 2021, after which over two-thirds of the loan recipients resumed payments. Their revenue mainly came from these loan repayments, while their expenses were primarily utilized for managing the loan program. In 2022, they also received an additional grant of $500,000 from the Waupaca County Board of Supervisors.
Official website here: www.wcedc.org
Is Waupaca County Economic Development Corp legitimate?
Waupaca County Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Waupaca County 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:
Executive Compensation: $85,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wcedc.org
What is the mission statement of Waupaca County Economic Development Corp?
The Waupaca County Economic Development Corp (WCEDC) collaborates with local municipalities, the State of Wisconsin, and individual businesses to foster job growth, attract investment, and promote tourism. Their objective is to maintain a robust economy within Waupaca County. The WCEDC offers a Revolving Loan Fund Program, providing affordable loans to aid businesses in their establishment or expansion. In 2021, no applications were submitted, and repayments were temporarily suspended due to the pandemic. However, most loan recipients resumed payments in June 2021. The WCEDC manages the program and receives revenue from these repayments, while a separate grant of $500,000 was received from the Waupaca County Board of Supervisors.
Official website here: www.wcedc.org
Who is the CEO of Waupaca County Economic Development Corp?
Jeff Mikorski is the Principal Officer of Waupaca County Economic Development Corp.
Official website here: www.wcedc.org
What is the revenue of Waupaca County Economic Development Corp?
Waupaca County Economic Development Corp's revenue in 2022 was $2,187,329.
Official website here: www.wcedc.org
Who are the executives of Waupaca County Economic Development Corp and what are their salaries?
The average compensation at Waupaca County Economic Development Corp during 2022 was $85,021. There is 1 employee at Waupaca County Economic Development Corp.
Here are 16 key members and their salaries:
- Compensation: $85,680
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Official website here: www.wcedc.org
Where can I find the form 990 for Waupaca County Economic Development Corp?
Waupaca County Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcedc.org
Learn more at the official website: www.wcedc.org
Mission Statement of Waupaca County Economic Development Corp
Waupaca County Economic Development Corporation, often abbreviated as WCEDC, plays a pivotal role in fostering partnerships with local municipalities, the State of Wisconsin, and individual businesses. Their mission is centered around enhancing employment opportunities, encouraging new investments, promoting tourist attractions, and ultimately, contributing to the overall economic growth and sustainability of Waupaca County, Wisconsin.
In essence, WCEDC serves as a bridge, connecting various stakeholders to collaborate towards a shared vision of a prosperous county. They aim to retain existing jobs, attract new ones, and create an environment that welcomes visitors and residents alike. This holistic approach to economic development is intended to ensure the vitality and sustainability of the community, ultimately contributing to a healthier economy for all residents of Waupaca County.
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Impact
October, 2024
The Waupaca County Economic Development Corp (WCEDC) plays a pivotal role in enhancing the economy of Waupaca County, WI. By collaborating with local municipalities, state entities, and businesses, the WCEDC focuses on job retention and creation, investment generation, and the attraction of visitors and residents.
One of their key initiatives is the Revolving Loan Fund Program, which offers below-market interest rate loans to support the startup and expansion of local businesses. Despite challenges faced in recent years, including the suspension of repayments during the pandemic, the program has continued to facilitate financial support for businesses in the region. In 2021, over two-thirds of existing loan recipients resumed payments, contributing to the WCEDC's revenue and demonstrating the resilience of local businesses.
Additionally, a significant grant of $500,000 from the Waupaca County Board of Supervisors further enables the WCEDC to pursue initiatives aimed at economic growth. Through these efforts, the organization fosters a robust community environment, ultimately contributing to the sustainability and vitality of Waupaca County's economy.
This information is meant to be a general summary of Waupaca County 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 2022.
- Program Service Revenue: $120,571
- Gross Receipts: $2,187,329
Assets and Liabilities:
- Total Assets: $2,431,333
- Total Liabilities: $0
- Net Assets: $2,431,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Revolving Loan Fund
Revenue
$111,005
Grant Administration
Revenue
$9,566
Organization Details
Founding Year
1995
Phone
(920) 982-1582Principal Officer
Jeff Mikorski
Main Address
PO Box 52, New London, WI, 54961
Website
www.wcedc.orgNTEE Category
Code: S30 - Community improvement
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