Overview
What is Remsen Economic Development Corp?
Remsen Economic Development Corp is a nonprofit organization dedicated to boosting local community economic growth. Notably, they played a significant role in revitalizing a local grocery store that had been impacted by a fire in 2018. The abandoned store was then renovated and reopened in 2022, with the organization providing assistance to a new owner. Furthermore, they facilitated the acquisition of necessary equipment for the grocery store's operation. In essence, Remsen Economic Development Corp serves as a catalyst for community development and the establishment of essential local businesses.
Is Remsen Economic Development Corp legitimate?
Remsen Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Remsen 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.
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What is the mission statement of Remsen Economic Development Corp?
The Remsen Economic Development Corporation is dedicated to fostering local community economic growth and plays a significant role in facilitating the establishment of essential businesses, such as grocery stores. In 2018, a local grocery store suffered damage from a fire and was subsequently abandoned. The corporation took initiative, renovating the building and assisting a new owner to reopen the store in 2022. Additionally, they contributed to the acquisition of necessary equipment for the store's operation, demonstrating their commitment to promoting sustainable local economies.
Who is the CEO of Remsen Economic Development Corp?
Jeremy Bunkers is the President of Remsen Economic Development Corp.
What is the revenue of Remsen Economic Development Corp?
Remsen Economic Development Corp's revenue in 2022 was $209,703.
Who are the executives of Remsen Economic Development Corp and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Remsen Economic Development Corp?
Remsen Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Remsen Economic Development Corp
Remsen Economic Development Corporation, a nonprofit organization, is committed to fostering local community economic development. One of their primary objectives is to facilitate the establishment of a local grocery store. In 2018, the existing grocery store in the community faced a setback with a fire, leading to its abandonment. Undeterred, Remsen Economic Development Corporation took the initiative to renovate the building and assisted a new owner in reopening the store. Their efforts culminated in the successful opening of the grocery store in 2022. Additionally, the corporation aided in acquiring necessary equipment for the grocery store's operation, ensuring its smooth functioning and service to the community.
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Impact
October, 2024
The Remsen Economic Development Corp has significantly impacted the local community by revitalizing economic growth and enhancing access to essential services. After the local grocery store was devastated by a fire in 2018 and subsequently abandoned, the organization stepped in to renovate the building and assist in its reopening. By successfully facilitating the establishment of a new grocery store in 2022, the Corp has not only restored a vital resource for residents but also fostered community improvement and resilience. The acquisition of equipment for the store's operation further underscores their commitment to ensuring that this essential service meets the needs of the community, supporting both local consumers and the economy in Remsen, IA.
This information is meant to be a general summary of Remsen 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 2022.
- Investment Income: $1,746
- Gross Receipts: $209,703
Assets and Liabilities:
- Total Assets: $351,424
- Total Liabilities: $0
- Net Assets: $351,424
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Organization Details
Founding Year
1978
Phone
(712) 786-1153Principal Officer
Jeremy Bunkers
Main Address
PO Box 559, Remsen, IA, 51050
NTEE Category
Code: S30 - Community improvement
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