Overview
What is Aitkin County Growth Inc?
Aitkin County Growth Inc, operating under the name Growth Innovations, is a nonprofit organization located in Aitkin, Minnesota. Their primary mission is to stimulate economic growth and development in the region by offering financing and incubator space to emerging businesses. This nonprofit also serves as a conduit for obtaining specialized funding and operational guidance for agricultural product diversification. Their activities aim to attract new businesses to Aitkin, thereby creating new employment opportunities in the surrounding area, and boosting the local economy. With a team of five dedicated individuals, Aitkin County Growth Inc is committed to promoting and fostering economic growth in their community.
Official website here: www.growthiv.org
Is Aitkin County Growth Inc legitimate?
Aitkin County Growth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aitkin County Growth 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: $78,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,914
For more financial information, click here
Official website here: www.growthiv.org
What is the mission statement of Aitkin County Growth Inc?
Aitkin County Growth Inc is dedicated to fostering economic development opportunities in the surrounding area. One of its key objectives is to attract new businesses by offering incentives, thereby creating fresh employment prospects. The organization's mission is multifaceted, encompassing job creation, aiding in the economic development and diversification of the area. It accomplishes this by providing financing and incubator space for emerging businesses and acting as a conduit for specialized funding and operational guidance, particularly in agricultural product diversification.
Official website here: www.growthiv.org
Who is the CEO of Aitkin County Growth Inc?
Pat Murphy is the Board Chair of Aitkin County Growth Inc.
Official website here: www.growthiv.org
What is the revenue of Aitkin County Growth Inc?
Aitkin County Growth Inc's revenue in 2022 was $286,387.
Official website here: www.growthiv.org
Who are the executives of Aitkin County Growth Inc and what are their salaries?
The average compensation at Aitkin County Growth Inc during 2022 was $27,631. There are 5 employees and 8 volunteers at Aitkin County Growth Inc.
Here are 6 key members and their salaries:
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- Compensation: $78,242
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Official website here: www.growthiv.org
Where can I find the form 990 for Aitkin County Growth Inc?
Aitkin County Growth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growthiv.org
Learn more at the official website: www.growthiv.org
Mission Statement of Aitkin County Growth Inc
Aitkin County Growth Inc, as a mission-driven organization, is dedicated to fostering economic development opportunities in the surrounding area. Their primary goal is to attract new businesses to locate within Aitkin, thereby creating fresh employment opportunities. To achieve this objective, the nonprofit provides incentives that motivate businesses to set up shop in Aitkin County. Moreover, Aitkin County Growth Inc plays a vital role in aiding the economic development and diversification of the region. They accomplish this by offering financing and incubator space to emerging businesses. Additionally, the nonprofit serves as a conduit for specialized funding and operational guidance, specifically in the area of agricultural product diversification. In essence, Aitkin County Growth Inc is committed to driving economic growth and job creation in the county by supporting and guiding local businesses.
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Impact
October, 2024
Aitkin County Growth Inc significantly influences the local economy by promoting economic development and creating job opportunities within the region. Through its efforts to attract new businesses to Aitkin, the organization provides vital incentives that encourage entrepreneurial ventures. This not only stimulates economic growth but also enriches the community by diversifying its economic base.
The organization aids in the establishment of new job prospects, which is crucial for maintaining a thriving workforce and improving the quality of life for residents. Moreover, Aitkin County Growth Inc offers financing and incubator space for budding enterprises, ensuring that emerging businesses have the necessary resources to succeed. By acting as a conduit for specialized funding and operational guidance, particularly in agricultural product diversification, it fosters innovation and resilience in the local economy.
Overall, Aitkin County Growth Inc plays a pivotal role in enhancing community improvement through its comprehensive approach to economic development and job creation.
This information is meant to be a general summary of Aitkin County Growth 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 2022.
- Investment Income: -$8,248
- Program Service Revenue: $60,332
- Gross Receipts: $286,387
Assets and Liabilities:
- Total Assets: $1,754,960
- Total Liabilities: $46,224
- Net Assets: $1,708,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS INCUBATOR INCOME
Revenue
$60,332
Organization Details
Founding Year
1985
Phone
(218) 927-2172Principal Officer
Pat Murphy
Main Address
316 FIRST AVENUE NW, AITKIN, MN, 56431
Website
www.growthiv.orgNTEE Category
Code: S30Z - Community improvement
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