Overview
What is Stevens County Eic Inc?
Stevens County Eic Inc, located in Morris, Minnesota, is a nonprofit organization committed to promoting Stevens County and stimulating economic growth. They achieve this goal by providing financial assistance to local businesses through low-interest loans and investments. The organization's main objective is to create and retain jobs in the county, helping existing businesses expand, update, or establish new ventures in Stevens County, Minnesota. With a staff of two dedicated individuals, Stevens County Eic Inc plays a crucial role in fostering a thriving business environment in the region.
Official website here: www.sceic.org
Is Stevens County Eic Inc legitimate?
Stevens County Eic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stevens County Eic Inc 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: $84,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,221
For more financial information, click here
Official website here: www.sceic.org
What is the mission statement of Stevens County Eic Inc?
The organization, Stevens County Eic Inc., is dedicated to promoting job growth and retention, as well as supporting existing, expanding, and potential businesses within its domain. Its primary mission is to contribute to the creation and expansion of businesses, thereby stimulating economic activity and fostering employment opportunities. To achieve this, the organization makes expenditures and offers low-interest loans to businesses, enabling them to update, expand, or establish new operations.
Official website here: www.sceic.org
What is the revenue of Stevens County Eic Inc?
Stevens County Eic Inc's revenue in 2023 was $184,592.
Official website here: www.sceic.org
Who are the executives of Stevens County Eic Inc and what are their salaries?
The average compensation at Stevens County Eic Inc during 2023 was $57,160. There are 2 employees at Stevens County Eic Inc.
Here are 17 key members and their salaries:
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Official website here: www.sceic.org
Where can I find the form 990 for Stevens County Eic Inc?
Stevens County Eic Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sceic.org
Learn more at the official website: www.sceic.org
Mission Statement of Stevens County Eic Inc
Stevens County EIC Inc, as a nonprofit organization, is dedicated to achieving two primary objectives. Firstly, it aims to foster job creation and preservation within Stevens County, Minnesota. Secondly, it assists in the growth and development of existing, expanding, and potential businesses in the county. To accomplish these goals, Stevens County EIC Inc makes strategic investments and offers low-interest loans to local businesses. These financial aids enable businesses to expand, update their facilities, or establish new ventures, thereby contributing to the overall economic growth of the county. In essence, the organization serves as a catalyst for economic development in Stevens County, promoting job opportunities and business prosperity.
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Impact
October, 2024
Stevens County EIC Inc has a significant impact on the local economy by fostering job creation and retention in Stevens County, Minnesota. By providing financial assistance in the form of low-interest loans, the organization supports existing businesses in their expansion efforts and aids in the establishment of new enterprises. This proactive approach not only contributes to the immediate economic vitality of Morris and the surrounding region but also enhances the overall community by creating a stable job market and encouraging local investment. Through its commitment to promoting Stevens County, EIC Inc plays a vital role in ensuring that businesses have the resources they need to thrive, ultimately leading to a more resilient local economy and improved quality of life for residents.
This information is meant to be a general summary of Stevens County Eic Inc. 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 2023.
- Investment Income: $3,342
- Program Service Revenue: $61,443
- Gross Receipts: $184,592
Assets and Liabilities:
- Total Assets: $1,768,882
- Total Liabilities: $469,102
- Net Assets: $1,299,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST - BUSINESS LOANS
Revenue
$57,899
SERVICE FEES
Revenue
$3,504
OTHER INCOME
Revenue
$40
Organization Details
Founding Year
1980
Principal Officer
Cheryl Kuhn
Website
www.sceic.orgNTEE Category
Code: S31Z - Community improvement
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