Black Hawk Economic Development Inc

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

EIN: 421114803 ✦ Waterloo, IA ✦ Designated as a 501(c)(4)

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Overview

What is Black Hawk Economic Development Inc?

Black Hawk Economic Development Inc, based in Waterloo, Iowa, serves as a vital nonprofit organization. Their primary role involves administering economic development loan programs and providing technical assistance to local businesses. This encompasses processing and collecting economic development loans with the intent of fostering sustainable growth and community development for the benefit of all stakeholders. With a team of eight dedicated individuals, they actively engage in activities that promote economic prosperity, contributing positively to their community's overall well-being.


Official website here: www.bhed.org

Is Black Hawk Economic Development Inc legitimate?

Black Hawk Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Black Hawk Economic Development 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: $255,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $365,725

For more financial information, click here


Official website here: www.bhed.org

What is the mission statement of Black Hawk Economic Development Inc?

Black Hawk Economic Development Inc's mission is centered around promoting sustainable economic and community development for the benefit of all its constituents. This organization actively engages in various activities aimed at fostering economic growth. One of their key roles is the administration of economic development loan programs, providing technical assistance to businesses to help them thrive. Their mission goes beyond financial aid, as they also strive to contribute positively to the overall community development.


Official website here: www.bhed.org

Who is the CEO of Black Hawk Economic Development Inc?

Lucas Lesyshen is the President of Black Hawk Economic Development Inc.


Official website here: www.bhed.org

What is the revenue of Black Hawk Economic Development Inc?

Black Hawk Economic Development Inc's revenue in 2022 was $4,463,210.


Official website here: www.bhed.org

Who are the executives of Black Hawk Economic Development Inc and what are their salaries?

The average compensation at Black Hawk Economic Development Inc during 2022 was $77,607. There are 8 employees and 8 volunteers at Black Hawk Economic Development Inc.


Here are 9 key members and their salaries:


Lesyshan Lucas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dlouhy Natalie (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quirk Brian (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clayberg Nate (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jahnke Carol (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krogh Robert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thompson Tony (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Young Reshonda (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brustkern Steve (Executive Director)
  • Compensation: $229,107
  • Related: $0
  • Other: $12,472


Official website here: www.bhed.org

Where can I find the form 990 for Black Hawk Economic Development Inc?

Black Hawk Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bhed.org

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

Mission Statement of Black Hawk Economic Development Inc

Black Hawk Economic Development Inc, a nonprofit organization, is dedicated to actively engaging in sustainable economic and community development activities for the benefit of all its constituents. Its primary mission is to administer economic development loan programs and provide technical assistance to local businesses. This endeavor aims to foster growth and development within the community, ultimately contributing to the betterment of its inhabitants.

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Impact




October, 2024

Black Hawk Economic Development Inc plays a crucial role in fostering sustainable economic growth and community development in Waterloo, Iowa. By processing and collecting economic development loans, the organization provides vital financial support to local businesses, enabling them to grow and thrive. This financial assistance is complemented by technical guidance, equipping businesses with the tools and resources needed to succeed.

The impact of Black Hawk Economic Development Inc extends beyond individual businesses; it contributes to the overall improvement of the community. By actively engaging in development activities, the organization helps stimulate job creation, enhance local infrastructure, and improve the quality of life for all constituents. Their efforts position Waterloo as a more vibrant and economically viable community, promoting long-term prosperity for residents and businesses alike.




This information is meant to be a general summary of Black Hawk Economic Development 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.

Revenue
$4,463,210 (2022)
Expenses
$1,145,873 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $251,969
  • Program Service Revenue: $1,130,032
  • Gross Receipts: $4,463,210

Assets and Liabilities:

  • Total Assets: $15,953,827
  • Total Liabilities: $280,672
  • Net Assets: $15,673,155

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Programs

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

NEW MARKET TAX CREDITS

Revenue

$859,833

ORIGIN AND SERVICE FEE

Revenue

$270,199

Organization Details

Founding Year

1978

Principal Officer

Lucas Lesyshen

Main Address

1001 PEOPLES SQUARE, WATERLOO, IA, 50702

NTEE Category

Code: S30 - Community improvement

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