Overview
What is Iowa City Area Development Group Inc?
Iowa City Area Development Group Inc is a nonprofit organization situated in Iowa City, Iowa. Its primary focus is on driving economic growth in the region by supporting existing businesses, encouraging expansion, attracting new enterprises, fostering entrepreneurship, and offering workforce-related services. The organization serves as a bridge between businesses and federal, state, and local resources, thereby stimulating the area's economic development through various business initiatives. With a team of nine dedicated individuals, Iowa City Area Development Group Inc works tirelessly to promote, develop, and advance the local business community and contribute to the overall economic prosperity of the region.
Official website here: www.iowacityareadevelopment.com
Is Iowa City Area Development Group Inc legitimate?
Iowa City Area Development Group Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa City Area Development Group 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: $188,275
Professional Fundraising Fees: $0
Other Salaries and Wages: $402,153
For more financial information, click here
Official website here: www.iowacityareadevelopment.com
What is the mission statement of Iowa City Area Development Group Inc?
The Iowa City Area Development Group Inc is dedicated to fostering and enhancing the business community in its vicinity. This organization plays a significant role in connecting businesses and industries with relevant federal, state, and local resources. The primary aim is to stimulate economic growth in the area through business activities. The group invests in economic development through various means, including supporting existing businesses, recruiting new ones, nurturing entrepreneurship, providing workforce services, and fostering business communications and partnerships.
Official website here: www.iowacityareadevelopment.com
Who is the CEO of Iowa City Area Development Group Inc?
Kathryn Moreland is the President of Iowa City Area Development Group Inc.
Official website here: www.iowacityareadevelopment.com
What is the revenue of Iowa City Area Development Group Inc?
Iowa City Area Development Group Inc's revenue in 2022 was $1,358,113.
Official website here: www.iowacityareadevelopment.com
Who are the executives of Iowa City Area Development Group Inc and what are their salaries?
The average compensation at Iowa City Area Development Group Inc during 2022 was $65,603. There are 9 employees at Iowa City Area Development Group Inc.
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- Compensation: $136,018
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- Other: $43,809
Official website here: www.iowacityareadevelopment.com
Where can I find the form 990 for Iowa City Area Development Group Inc?
Iowa City Area Development Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iowacityareadevelopment.com
Learn more at the official website: www.iowacityareadevelopment.com
Mission Statement of Iowa City Area Development Group Inc
Iowa City Area Development Group Inc is committed to promoting, developing, and advancing the business community in its vicinity. This nonprofit organization serves as a bridge, connecting businesses and industries with federal, state, and local resources. Its primary objective is to stimulate economic growth in the area by enabling and encouraging business expansion and retention, as well as attracting new businesses. Additionally, Iowa City Area Development Group Inc is involved in entrepreneurial development, workforce business services, and entrepreneurial development communications and partnerships. Through these initiatives, the organization aims to foster a thriving business environment, contributing to the overall prosperity of the community.
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Impact
October, 2024
Iowa City Area Development Group Inc significantly impacts the local economy by promoting, developing, and advancing the business community in Iowa City and its surrounding areas. This organization plays a vital role in stimulating economic growth through various activities, including business retention and expansion, recruitment of new businesses, and support for entrepreneurial initiatives.
By connecting local businesses and industries with federal, state, and local resources, it facilitates access to essential support systems that enable growth and innovation. The focus on workforce development ensures that local businesses have the skilled talent they need to thrive. Furthermore, through communication and partnerships, the organization fosters a collaborative environment that enhances the overall business landscape.
The organization's commitment to economic development translates to a more robust economy, job creation, and community improvement, ultimately benefiting residents and businesses alike.
This information is meant to be a general summary of Iowa City Area Development Group 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $421
- Program Service Revenue: $367,430
- Gross Receipts: $1,358,113
Assets and Liabilities:
- Total Assets: $904,362
- Total Liabilities: $0
- Net Assets: $904,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$226,574
PROJECT BETTER TOGETHE
Revenue
$80,000
PROGRAM EVENTS
Revenue
$40,926
THINK IC BIKE MARKETIN
Revenue
$10,000
ANNUAL MEETING
Revenue
$9,590
Organization Details
Founding Year
1984
Phone
(319) 354-3939Principal Officer
Kathryn Moreland
Main Address
136 S DUBUQUE ST, IOWA CITY, IA, 522404009
NTEE Category
Code: S30 - Community improvement
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