Alexandria Area Economic Development Commission

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411670874 ✦ Alexandria, MN ✦ Designated as a 501(c)(6)

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Overview

What is Alexandria Area Economic Development Commission?

The Alexandria Area Economic Development Commission, situated in Alexandria, Minnesota, serves as a catalyst for business and community growth within the area. As a nonprofit organization, their primary mission is to support and facilitate the establishment or expansion of manufacturing and various businesses in the region. With a dedicated workforce of just two individuals, they provide essential resources and capital, playing a pivotal role in promoting economic development within Alexandria, Minnesota.


Official website here: www.alexmn.org

Is Alexandria Area Economic Development Commission legitimate?

Alexandria Area Economic Development Commission is a legitimate nonprofit organization registered as a 501(c)(6) entity. Alexandria Area Economic Development Commission 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: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,913

For more financial information, click here


Official website here: www.alexmn.org

What is the mission statement of Alexandria Area Economic Development Commission?

The Alexandria Area Economic Development Commission is established with the mission to aid manufacturing and various other businesses in their quest to establish or expand their operations within the Alexandria, Minnesota area. The commission's primary objective is to provide necessary resources and capital for both business and community development within this region. By doing so, they aim to foster a supportive environment that encourages growth and expansion of businesses in the area.


Official website here: www.alexmn.org

Who is the CEO of Alexandria Area Economic Development Commission?

Nicole Fernholz is the Executive Di of Alexandria Area Economic Development Commission.


Official website here: www.alexmn.org

What is the revenue of Alexandria Area Economic Development Commission?

Alexandria Area Economic Development Commission's revenue in 2022 was $338,799.


Official website here: www.alexmn.org

Who are the executives of Alexandria Area Economic Development Commission and what are their salaries?

The average compensation at Alexandria Area Economic Development Commission during 2022 was $77,456. There are 2 employees at Alexandria Area Economic Development Commission.


Here are 9 key members and their salaries:


Nicole Fernholz (Executive Di)
  • Compensation: $125,000
  • Related: $0
  • Other: $0
Matthew Fischer (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Jodsaas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Klimek (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joani Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Patience (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Powers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Reif (Treasurer/Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Rooney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.alexmn.org

Where can I find the form 990 for Alexandria Area Economic Development Commission?

Alexandria Area Economic Development Commission's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.alexmn.org

Learn more at the official website: www.alexmn.org

Mission Statement of Alexandria Area Economic Development Commission

The Alexandria Area Economic Development Commission is dedicated to assisting both manufacturing and various businesses in their quest to either establish a presence or expand existing operations within the Alexandria, Minnesota area. This organization's mission is geared towards serving as a reliable resource and providing necessary capital for both business and community development within this region. By offering vital support, the Alexandria Area Economic Development Commission aims to contribute positively to the local economy and foster growth in the area.

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Impact




October, 2024

The Alexandria Area Economic Development Commission plays a crucial role in fostering business growth and community development in the Alexandria, Minnesota area. By providing vital resources and capital, the Commission assists manufacturing and other businesses in locating or expanding their operations. This support not only stimulates economic activity but also enhances job creation and retention in the region.

The Commission's focus on community improvement ensures that local businesses receive the guidance and assistance needed to thrive. By fostering a conducive environment for business development, the Commission contributes to the overall vibrancy of the Alexandria area, helping to attract new enterprises and supporting the establishment of a diverse economy.

Through its initiatives, the Alexandria Area Economic Development Commission has a significant impact on both the local economy and the quality of life for residents, reinforcing the area's reputation as a desirable place for businesses and families alike.




This information is meant to be a general summary of Alexandria Area Economic Development Commission. 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.

Revenue
$338,799 (2022)
Expenses
$412,515 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,462
  • Program Service Revenue: $325,337
  • Gross Receipts: $338,799

Assets and Liabilities:

  • Total Assets: $985,826
  • Total Liabilities: $49,288
  • Net Assets: $936,538

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RELATED ORGANIZATIONS

Revenue

$195,926

OTHER

Revenue

$129,411

Organization Details

Founding Year

2004

Principal Officer

Nicole Fernholz

Main Address

324 BROADWAY STREET RM/STE 101, ALEXANDRIA, MN, 56308

NTEE Category

Code: S30 - Community improvement

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