Economic Development Association Of Minnesota

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

EIN: 411263666 ✦ Minneapolis, MN ✦ Designated as a 501(c)(6)

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Overview

What is Economic Development Association Of Minnesota?

The Economic Development Association of Minnesota (EDAM) is a prominent professional organization based in Minneapolis, Minnesota. Its primary mission is to champion economic development in the state by fostering education, collaboration, and advocacy. EDAM serves as a platform for economic development professionals to exchange information, staying updated on current strategies and practices. They offer valuable networking and educational opportunities through seminars, conferences, and breakout sessions. By doing so, EDAM empowers its members, who are leading economic developers in Minnesota, to improve their skills and contribute positively to the state's economic growth. The association also consults with the state on public policy issues related to economic development and plays a crucial role in continually defining and enhancing the profession.


Official website here: www.edam.org

Is Economic Development Association Of Minnesota legitimate?

Economic Development Association Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Association Of Minnesota 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.edam.org

What is the mission statement of Economic Development Association Of Minnesota?

The Economic Development Association of Minnesota, serving as a professional association, advocates for economic development in the state through education, collaboration, and advocacy. Their mission is shared by individuals and organizations across Minnesota. They achieve this by providing a platform for economic development professionals to exchange information, staying updated on current strategies and practices. Furthermore, they offer valuable networking and educational opportunities to economic developers, fostering a community of leading professionals in the field. The association also engages in consultations with the state on public policy issues related to economic development, contributing to the continuous evolution and enhancement of the profession.


Official website here: www.edam.org

Who is the CEO of Economic Development Association Of Minnesota?

Samantha Dimaggio is the President of Economic Development Association Of Minnesota.


Official website here: www.edam.org

What is the revenue of Economic Development Association Of Minnesota?

Economic Development Association Of Minnesota's revenue in 2022 was $278,119.


Official website here: www.edam.org

Who are the executives of Economic Development Association Of Minnesota and what are their salaries?

There 54 volunteers at Economic Development Association Of Minnesota.


Here are 14 key members and their salaries:


Samantha Dimaggio (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Maass (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morgan Hill (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Korby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christy Lewis (Second Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Udoibok (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kati Bachmayer (First Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucas Evenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Howden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Brisson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Dahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniela Lorenz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Rutter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristi Thorfinnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.edam.org

Where can I find the form 990 for Economic Development Association Of Minnesota?

Economic Development Association Of Minnesota's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.edam.org

Learn more at the official website: www.edam.org

Mission Statement of Economic Development Association Of Minnesota

The Economic Development Association of Minnesota, often referred to as EDAM, is a professional organization that champions economic development in the state through education, collaboration, and advocacy. Comprised of individuals and organizations across Minnesota, EDAM's mission is to serve as a platform for exchanging information and staying updated on current economic development strategies and practices. They provide valuable networking and educational opportunities for economic developers, ensuring they remain at the forefront of their field. Furthermore, EDAM consults with the state on public policy issues related to economic development and works to continually define and enhance the profession. EDAM's members are leading economic developers in Minnesota, contributing significantly to the state's economic growth and development.

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Impact




October, 2024

The Economic Development Association of Minnesota (EDAM) significantly impacts the state's economic landscape by fostering collaboration and knowledge-sharing among economic development professionals. By providing a platform for these professionals to exchange information, EDAM helps them stay updated on current strategies and best practices, thereby enhancing the overall effectiveness of economic development initiatives across Minnesota.

Through its seminars, conferences, and networking opportunities, EDAM promotes professional growth and empowers its members to address local and regional economic challenges creatively and effectively. The educational sessions offered at the Winter and Summer conferences are specifically designed to enhance skill sets and facilitate networking, ultimately strengthening the connections among economic developers throughout the state.

Moreover, EDAM advocates for sound public policy related to economic development, consulting with state officials to ensure that the interests and insights of economic developers are well-represented. This advocacy work not only helps shape policies that positively influence economic growth but also leads to continuous improvement in the field and a rise in professional standards within Minnesota’s economic development community.

Overall, EDAM champions economic development through education, collaboration, and advocacy, making it a vital resource for driving community improvement and economic prosperity in Minnesota.




This information is meant to be a general summary of Economic Development Association Of Minnesota. 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
$278,119 (2022)
Expenses
$244,320 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $92
  • Program Service Revenue: $246,977
  • Gross Receipts: $278,119

Assets and Liabilities:

  • Total Assets: $281,010
  • Total Liabilities: $88,207
  • Net Assets: $192,803

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Programs

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

MEMBERSHIP DUES

Revenue

$135,328

CONFERENCES AND MEETIN

Revenue

$111,649

Organization Details

Founding Year

1973

Principal Officer

Samantha Dimaggio

Main Address

4248 PARK GLEN ROAD, MINNEAPOLIS, MN, 55416

NTEE Category

Code: S40 - Community improvement

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