Overview
What is Herman Development Corporation?
Herman Development Corporation serves as a facilitator for community development within the city of Herman and its surrounding areas. This nonprofit organization actively supports local initiatives by providing financial assistance to several entities, such as the city government, Herman Foundation, Herman Girl Scout Troop, and Foods for Kids. Among these recipients, a significant donation was directed towards the Herman Foundation to further bolster community development efforts. The corporation's primary goal is to promote growth and improvement within the city and its surrounding communities.
Is Herman Development Corporation legitimate?
Herman Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Herman Development Corporation submitted a form 990EZ, 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.
What is the mission statement of Herman Development Corporation?
The Herman Development Corporation is dedicated to advancing community development in its vicinity. This mission is achieved through organizing various projects and activities, with funds distributed to several organizations such as the city of Herman, the Herman Foundation, the Herman Girl Scout Troop, and Foods for Kids. One of the significant contributions was made to the Herman Foundation, with the primary objective of promoting community development for the city of Herman and its surrounding communities. The corporation's activities aim to foster growth and improvement in the community, without specifying a specific location in its mission statement.
Who is the CEO of Herman Development Corporation?
Nick Ripperger is the President of Herman Development Corporation.
What is the revenue of Herman Development Corporation?
Herman Development Corporation's revenue in 2022 was $46,153.
Who are the executives of Herman Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Herman Development Corporation?
Herman Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Herman Development Corporation
The Herman Development Corporation is an organization that focuses on organizing projects and activities aimed at promoting community development in the city of Herman and its surrounding communities. Their mission is to support various initiatives that contribute to the betterment of the city and its residents. As part of their mission, they have donated funds to several organizations, including the city of Herman, the Herman Foundation, the Herman Girl Scout Troop, and Foods for Kids. Specifically, they made a donation to the Herman Foundation to further their community development efforts. The Herman Development Corporation's mission is centered around improving the community life of the city of Herman and its surrounding areas.
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Impact
October, 2024
Herman Development Corporation plays a vital role in enhancing the community of Herman and its surrounding areas. By organizing various projects and activities, it fosters growth and collaboration among local organizations. Recent contributions have positively impacted entities such as the City of Herman, the Herman Foundation, the Herman Girl Scout Troop, and Foods for Kids, demonstrating a strong commitment to supporting community initiatives.
Through strategic donations, including support for the Herman Foundation, the organization promotes community development, ensuring that resources are allocated to enhance the quality of life for residents. Their initiatives encourage community involvement and strengthen local ties, ultimately leading to a more vibrant and engaged population. The impact of the Herman Development Corporation is evident in its dedication to creating sustainable improvements that benefit the community as a whole.
This information is meant to be a general summary of Herman 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: $70
- Gross Receipts: $104,637
Assets and Liabilities:
- Total Assets: $50,001
- Total Liabilities: $0
- Net Assets: $50,001
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Organization Details
Phone
(320) 760-3323Principal Officer
Nick Ripperger
Main Address
PO BOX 265, HERMAN, MN, 562480265
NTEE Category
Code: S20 - Community improvement
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