Siouxland Economic Development Corporation

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

EIN: 421150060 ✦ Sioux city, IA ✦ Designated as a 501(c)(4)

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Overview

What is Siouxland Economic Development Corporation?

Siouxland Economic Development Corporation, situated in Sioux City, Iowa, operates as a nonprofit organization with a primary focus on economic development in the area. They achieve this goal by providing loans to businesses, thereby fostering their growth and development. This strategic approach stimulates business opportunities, ultimately contributing to the creation of jobs within the Siouxland region. The corporation's mission is to further enhance the economic landscape of the area, ensuring a prosperous business environment. With a team of six dedicated individuals, Siouxland Economic Development Corporation plays an essential role in driving local business growth and development.


Official website here: www.siouxlandedc.com

Is Siouxland Economic Development Corporation legitimate?

Siouxland Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Siouxland Economic Development Corporation 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: $125,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,800

For more financial information, click here


Official website here: www.siouxlandedc.com

What is the mission statement of Siouxland Economic Development Corporation?

The Siouxland Economic Development Corporation (SEDC) is committed to fostering economic growth in the designated area. Their primary goal is to create job opportunities by supporting and aiding in the expansion of existing businesses. To achieve this, SEDC provides loans to businesses, with the objective of promoting economic development, stimulating business growth, and fostering new business opportunities. The corporation's activities are geared towards enhancing the local business environment and contributing to the overall economic well-being of the area.


Official website here: www.siouxlandedc.com

Who is the CEO of Siouxland Economic Development Corporation?

Jacqueline Nohr is the Chair of Siouxland Economic Development Corporation.


Official website here: www.siouxlandedc.com

What is the revenue of Siouxland Economic Development Corporation?

Siouxland Economic Development Corporation's revenue in 2022 was $1,221,566.


Official website here: www.siouxlandedc.com

Who are the executives of Siouxland Economic Development Corporation and what are their salaries?

The average compensation at Siouxland Economic Development Corporation during 2022 was $58,956. There are 6 employees and 22 volunteers at Siouxland Economic Development Corporation.


Here are 23 key members and their salaries:


Dusty Small (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Klynsma (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall Kramer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Haight (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Hamann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Art Silva (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Wilcke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joeli Dokter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Rooney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timm Funk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chance Bernstrauch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robb Bixenman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Krotz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Semehar Ghebrekidan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darwin Gamm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Kolbe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Krei (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Waters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Radig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Schmidt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Nohr (Executive Vice President)
  • Compensation: $84,980
  • Related: $0
  • Other: $28,783


Official website here: www.siouxlandedc.com

Where can I find the form 990 for Siouxland Economic Development Corporation?

Siouxland Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.siouxlandedc.com

Learn more at the official website: www.siouxlandedc.com

Mission Statement of Siouxland Economic Development Corporation

The Siouxland Economic Development Corporation, abbreviated as SEDC, is committed to driving the economic growth of its area by creating job opportunities. This nonprofit organization achieves this mission by providing assistance to businesses, fostering their growth and development. By making loans to these businesses, SEDC aims to stimulate business opportunities and contribute to the overall economic development of the region. This mission is a crucial part of SEDC's efforts to promote a thriving business environment, thereby creating a prosperous community.

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Impact




October, 2024

Siouxland Economic Development Corporation plays a crucial role in enhancing the economic landscape of the Siouxland area by focusing on job creation and supporting business growth. Through strategic lending and tailored financial assistance, the organization empowers local businesses to expand and thrive, directly contributing to the economic vitality of the community. By promoting business opportunities and fostering development, Siouxland Economic Development Corporation stimulates job creation, which in turn strengthens the local economy and improves the overall quality of life for residents in Sioux City and the surrounding areas.




This information is meant to be a general summary of Siouxland Economic Development Corporation. 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
$1,221,566 (2022)
Expenses
$743,190 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $32,815
  • Program Service Revenue: $866,189
  • Gross Receipts: $1,221,566

Assets and Liabilities:

  • Total Assets: $4,836,914
  • Total Liabilities: $249,685
  • Net Assets: $4,587,229

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Programs

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

LOAN SERVICING FEES

Revenue

$464,196

LOAN PROCESSING FEES

Revenue

$291,490

INTEREST ON LOANS

Revenue

$72,316

REIMBURSEMENT OF LOAN

Revenue

$38,187

Organization Details

Founding Year

1979

Principal Officer

Jacqueline Nohr

Main Address

617 PIERCE ST SUITE 202, SIOUX CITY, IA, 51101

NTEE Category

Code: S30 - Community improvement

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