Overview
What is Winthrop Opportunities A Local Development Corporation?
Winthrop Opportunities A Local Development Corporation is a nonprofit organization situated in Wintrop, Minnesota. Their primary mission is to foster economic development in the city and its surrounding areas, primarily through providing loans and donations to local businesses. This endeavor benefits the local community by increasing the accessibility of goods and services and offering employment opportunities. With a strong commitment to civic improvement, the corporation boasts 30 members, comprising both companies and individuals, as of 2022. Their activities are rooted in the promotion of economic growth and benevolent purposes, aiming to uplift the community as a whole.
Is Winthrop Opportunities A Local Development Corporation legitimate?
Winthrop Opportunities A Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Winthrop Opportunities A Local 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.
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What is the mission statement of Winthrop Opportunities A Local Development Corporation?
Winthrop Opportunities A Local Development Corporation has a mission to foster civic improvement and development in its surrounding area, serving a benevolent purpose. The organization achieves this by promoting commerce and economic development through the provision of loans and donations to local businesses. This economic development ultimately benefits the community by increasing the accessibility of goods and services and offering employment opportunities for its citizens. As of 2022, the corporation had 30 company and individual members.
Who is the CEO of Winthrop Opportunities A Local Development Corporation?
Dave Trebelhorn is the President of Winthrop Opportunities A Local Development Corporation.
What is the revenue of Winthrop Opportunities A Local Development Corporation?
Winthrop Opportunities A Local Development Corporation's revenue in 2022 was $10,929.
Who are the executives of Winthrop Opportunities A Local Development Corporation and what are their salaries?
There 9 volunteers at Winthrop Opportunities A Local Development Corporation.
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Where can I find the form 990 for Winthrop Opportunities A Local Development Corporation?
Winthrop Opportunities A Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Winthrop Opportunities A Local Development Corporation
Winthrop Opportunities A Local Development Corporation, a non-profit organization, is dedicated to the civic improvement and development of its surrounding area, with benevolent purposes at its core. This mission is achieved through promoting commerce and economic development. The corporation accomplishes this by providing loans and donations to businesses within the region. By fostering economic growth, Winthrop Opportunities benefits the local community as a whole, increasing the accessibility of goods and services, and providing employment opportunities for its citizens. In 2022, the organization boasted 30 company and individual members, demonstrating its strong commitment to supporting the local economy.
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Impact
October, 2024
Winthrop Opportunities A Local Development Corporation significantly enhances the civic improvement and economic development of Winthrop and its surrounding areas. Through strategic loans and donations to local businesses, it fosters commerce, which in turn elevates the overall quality of life for residents.
By promoting economic development, the organization increases accessibility to essential goods and services, ensuring that local citizens benefit directly. Job creation is another critical aspect of its impact, with employment opportunities generated as a direct result of supporting businesses in the area.
In 2022, the organization connected with 30 companies and individuals, reinforcing its role as a pivotal player in the community. This collaboration enriches the community fabric and stimulates economic growth, demonstrating its commitment to the promotion of a thriving local economy while serving benevolent purposes.
This information is meant to be a general summary of Winthrop Opportunities A Local 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,403
- Program Service Revenue: $2,200
- Gross Receipts: $19,453
Assets and Liabilities:
- Total Assets: $397,755
- Total Liabilities: $0
- Net Assets: $397,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,200
Organization Details
Founding Year
1983
Phone
(507) 647-5518Principal Officer
Dave Trebelhorn
Main Address
PO BOX 174, WINTHROP, MN, 553960174
NTEE Category
Code: S31 - Community improvement
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