Overview
What is Osakis Economic Development Corporation?
The Osakis Economic Development Corporation is a nonprofit organization situated in Osakis, Minnesota. Its primary objective is to stimulate and foster economic growth within Osakis and its surrounding area. This is accomplished by encouraging the establishment or expansion of businesses and industries. The organization also supports the Visitor/Heritage Center, aiming to attract tourists and preserve local history. With approximately 72 members, the Osakis Economic Development Corporation carries out activities to promote community development, contributing to the overall prosperity of the region.
Is Osakis Economic Development Corporation legitimate?
Osakis Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Osakis Economic 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 Osakis Economic Development Corporation?
The Osakis Economic Development Corporation's mission revolves around fostering community economic growth. It actively advances, promotes, encourages, and stimulates economic development within its realm. The organization plays a significant role in attracting and supporting the establishment or expansion of businesses and industries. Furthermore, it contributes to the local community by backing the Visitor/Heritage Center, thereby encouraging tourism and preserving local history. With approximately 72 members, the corporation serves as a unified force in driving economic progress.
Who is the CEO of Osakis Economic Development Corporation?
Becky Hensley is the President of Osakis Economic Development Corporation.
What is the revenue of Osakis Economic Development Corporation?
Osakis Economic Development Corporation's revenue in 2020 was -$18,332.
Who are the executives of Osakis Economic Development Corporation and what are their salaries?
There are 3 employees and 7 volunteers at Osakis Economic Development Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Osakis Economic Development Corporation?
Osakis Economic Development Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Osakis Economic Development Corporation
Osakis Economic Development Corporation, as an organization, is dedicated to fostering economic growth and development within its community and surrounding areas. Their mission is to stimulate and encourage the establishment or expansion of businesses and industries, thereby promoting overall economic prosperity. The corporation also supports initiatives that attract visitors, such as the Visitor/Heritage Center, contributing to the local economy and its cultural vibrancy. With a diverse membership of approximately 72 individuals, the Osakis Economic Development Corporation plays a significant role in shaping the economic landscape of its community.
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Impact
October, 2024
The Osakis Economic Development Corporation plays a crucial role in fostering economic and industrial growth in Osakis and its surrounding areas. By actively promoting, encouraging, and stimulating various initiatives, it helps create a vibrant community that supports business establishment and expansion. The organization not only focuses on enhancing local industry but also supports the Visitor/Heritage Center, which contributes to community engagement and tourism.
With approximately 72 members, the corporation mobilizes local resources and networks to drive economic development efforts. Its impact is evident in the creation of a supportive environment for businesses, which in turn can lead to job creation, increased local revenue, and enhanced quality of life for residents. The initiatives led by the Osakis Economic Development Corporation are vital for sustaining long-term economic vitality and community improvement.
This information is meant to be a general summary of Osakis Economic 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 2020.
- Investment Income: $17
- Program Service Revenue: $2,622
- Gross Receipts: $507,598
Assets and Liabilities:
- Total Assets: $22,670
- Total Liabilities: $0
- Net Assets: $22,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEV ACTIVITIE
Revenue
$2,622
Organization Details
Founding Year
1982
Phone
(320) 859-3777Principal Officer
Becky Hensley
Main Address
PO BOX 327, OSAKIS, MN, 56360
NTEE Category
Code: S30 - Community improvement
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