Overview
What is Vadnais Heights Economic Development Corporation?
Vadnais Heights Economic Development Corporation (VHEDC) is a private, non-profit organization situated in Vadnais Heights, Minnesota. Established with the goal of fostering economic growth in the city and its surrounding metropolitan area, VHEDC operates independently from any governmental entity. Comprised of local business leaders, its mission is to create job opportunities, retain existing positions, and expand the tax base of the region. The organization attracts, retains, and expands businesses and industries in the area, contributing to overall economic development. VHEDC achieves this through financial commitments from businesses and service committees, demonstrating a collaborative approach to economic growth.
Official website here: www.vhedc.com
Is Vadnais Heights Economic Development Corporation legitimate?
Vadnais Heights Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Vadnais Heights 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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Executive Compensation: $63,600
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vhedc.com
What is the mission statement of Vadnais Heights Economic Development Corporation?
The Vadnais Heights Economic Development Corporation's mission is centered around enhancing economic growth in its surrounding areas. This is achieved through the attraction, retention, and expansion of existing businesses and industries. As a private, non-profit organization, it operates independently of any governmental entity and is composed of local business leaders. Their goal is to create new job opportunities, retain existing ones, and expand the tax base of the area. Businesses contribute to the organization not only financially but also through service committees.
Official website here: www.vhedc.com
Who is the CEO of Vadnais Heights Economic Development Corporation?
Liz Moscatelli is the Executive Director of Vadnais Heights Economic Development Corporation.
Official website here: www.vhedc.com
What is the revenue of Vadnais Heights Economic Development Corporation?
Vadnais Heights Economic Development Corporation's revenue in 2022 was $112,741.
Official website here: www.vhedc.com
Who are the executives of Vadnais Heights Economic Development Corporation and what are their salaries?
There 30 volunteers at Vadnais Heights Economic Development Corporation.
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Official website here: www.vhedc.com
Where can I find the form 990 for Vadnais Heights Economic Development Corporation?
Vadnais Heights Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vhedc.com
Learn more at the official website: www.vhedc.com
Mission Statement of Vadnais Heights Economic Development Corporation
The Vadnais Heights Economic Development Corporation, a private, non-profit organization, is committed to enhancing economic development in the City of Vadnais Heights and the surrounding areas. Their mission is twofold: firstly, they aim to attract new businesses and industries to the region; secondly, they strive to retain existing businesses and encourage their expansion. By doing so, the Vadnais Heights Economic Development Corporation seeks to create new job opportunities, retain existing ones, and expand the tax base of the area. The organization is unique as it operates independently of any governmental entity, and its leadership comprises local business leaders who are dedicated to driving economic growth in the region. Businesses invest in the organization not only through financial commitments but also by contributing their time and expertise through service committees.
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Impact
October, 2024
The Vadnais Heights Economic Development Corporation (VHEDC) plays a critical role in fostering economic growth in Vadnais Heights and the surrounding areas. By focusing on the attraction, retention, and expansion of businesses and industries, VHEDC directly contributes to job creation and the strengthening of the local economy.
Composed of local business leaders, the VHEDC leverages their collective expertise and connections to enhance the community's economic landscape. One of their key initiatives is to facilitate new job opportunities while ensuring existing jobs are retained, which in turn helps to expand the tax base. This not only benefits local businesses but also enhances public services and community projects through increased municipal revenues.
The VHEDC operates independently of government entities, allowing for flexible and tailored approaches to economic development. By engaging local businesses through financial investments and service committees, the corporation fosters a collaborative environment that supports a robust economic ecosystem. Overall, the impact of VHEDC is evident in the sustained economic vitality, improved community infrastructure, and the creation of a more attractive environment for both current residents and potential new businesses.
This information is meant to be a general summary of Vadnais Heights 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 2022.
- Investment Income: $9
- Program Service Revenue: $43,539
- Gross Receipts: $143,542
Assets and Liabilities:
- Total Assets: $85,539
- Total Liabilities: $0
- Net Assets: $85,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTOR DUES
Revenue
$21,500
EXPO AND OTHER EVENTS
Revenue
$14,419
ADVERTISING
Revenue
$7,620
Organization Details
Founding Year
1984
Phone
(651) 485-9532Principal Officer
Liz Moscatelli
Main Address
800 COUNTY ROAD E E, VADNAIS HEIGHTS, MN, 551277117
Website
www.vhedc.comNTEE Category
Code: S30 - Community improvement
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