Overview
What is Cass County Economic Development Corp?
Based in Walker, Minnesota, the Cass County Economic Development Corporation is a nonprofit organization committed to enhancing the local economy. Their primary mission involves collaborating with the county government, businesses, and community resources to create new job opportunities, retain existing employment, and boost capital investment in Cass County. To achieve this, they offer assistance to approximately 80 businesses annually, providing guidance on drafting business plans, selecting suitable sites, and accessing financing. As a satellite Small Business Development Center, they help businesses recognize the potential benefits and risks associated with their ventures. Furthermore, the Cass County Economic Development Corporation administers a Small Revolving Loan Fund to encourage the establishment and expansion of manufacturing businesses, aiming to strengthen the overall business environment in the county. With a total workforce of three individuals, they contribute significantly to the local economy.
Official website here: www.casscountyedc.com
Is Cass County Economic Development Corp legitimate?
Cass County Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cass County Economic Development Corp 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: $107,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,104
For more financial information, click here
Official website here: www.casscountyedc.com
What is the mission statement of Cass County Economic Development Corp?
The Cass County Economic Development Corp's mission is centered around collaborating with local government, businesses, and community resources to enhance the economy. Their primary objectives are to create new job opportunities, retain existing employment, and stimulate capital investment in the area. They achieve this by offering assistance to businesses, helping them write business plans, select sites, and access financing. Acting as a satellite Small Business Development Center, they educate businesses on the benefits and risks of their ventures. The Cass County Economic Development Corp also manages a small revolving loan fund to encourage the growth of manufacturing businesses. All their activities are geared towards fostering job creation, employment retention, and boosting capital investment, aiming to enhance the overall business environment.
Official website here: www.casscountyedc.com
Who is the CEO of Cass County Economic Development Corp?
Charles Black Lance is the President of Cass County Economic Development Corp.
Official website here: www.casscountyedc.com
What is the revenue of Cass County Economic Development Corp?
Cass County Economic Development Corp's revenue in 2023 was $203,385.
Official website here: www.casscountyedc.com
Who are the executives of Cass County Economic Development Corp and what are their salaries?
The average compensation at Cass County Economic Development Corp during 2023 was $50,813. There are 3 employees and 10 volunteers at Cass County Economic Development Corp.
Here are 9 key members and their salaries:
- Compensation: $108,572
- Related: $0
- Other: $3,220
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.casscountyedc.com
Where can I find the form 990 for Cass County Economic Development Corp?
Cass County Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.casscountyedc.com
Learn more at the official website: www.casscountyedc.com
Mission Statement of Cass County Economic Development Corp
The Cass County Economic Development Corp, a cooperative entity, is dedicated to collaborating with the local government, businesses, and community resources with the primary goal of improving the economy in Cass County. Their mission is multifaceted, focusing on creating new job opportunities, retaining current employment, and increasing capital investment within the county. By working together, they aim to strengthen the business environment and foster growth in Cass County.
In practice, the Cass County Economic Development Corp provides essential assistance to local businesses. During the 2022 fiscal year, they offered approximately 1400 hours of aid to around 80 businesses. This assistance often included helping business owners draft business plans, select suitable locations, or access financing. As a satellite Small Business Development Center, they also ensure that these businesses recognize the benefits and risks associated with their business ideas.
In addition to this, the Cass County Economic Development Corp administers a Small Revolving Loan Fund to encourage the establishment and expansion of manufacturing businesses in the county. By undertaking various activities, their ultimate objective is to create new job opportunities, retain existing employment, and increase capital investment in Cass County, thereby strengthening the business environment.
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Impact
October, 2024
The Cass County Economic Development Corporation (EDC) significantly impacts the local economy by collaborating with county government, businesses, and community resources. In the 2022 fiscal year, the EDC provided 1,400 hours of hands-on assistance to approximately 80 businesses. This support included helping owners with essential tasks such as writing business plans, selecting suitable sites, and accessing financing, which are critical for starting, improving, or expanding operations.
As a satellite of the Small Business Development Center, the EDC guides businesses through the complexities of entrepreneurship, enabling them to understand the benefits and risks associated with their ideas. Additionally, the EDC administers a small revolving loan fund aimed at encouraging the development of new and expanding manufacturing businesses. Through these efforts, the EDC plays a pivotal role in fostering new job creation, retaining existing employment opportunities, and increasing capital investment in Cass County, ultimately contributing to a stronger business environment and community improvement.
This information is meant to be a general summary of Cass County Economic Development Corp. 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 2023.
- Investment Income: $1,939
- Program Service Revenue: $147,515
- Gross Receipts: $203,385
Assets and Liabilities:
- Total Assets: $1,001,440
- Total Liabilities: $140,298
- Net Assets: $861,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$73,950
PROGRAM REVENUE
Revenue
$73,565
Organization Details
Founding Year
1997
Phone
(218) 547-7262Principal Officer
Charles Black Lance
Main Address
PO BOX 1606, WALKER, MN, 56484
Website
www.casscountyedc.comNTEE Category
Code: S20 - Community improvement
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