Overview
What is Lake City Community Development?
Lake City Community Development is a nonprofit organization dedicated to improving its local community. They primarily raise funds through annual events, which are then utilized for various purposes. A significant portion of these funds is allocated for loans to support the growth of new and existing businesses within the community. Additionally, the organization plays a role as a nonprofit chamber of commerce, contributing to the marketing efforts of the town. Overall, Lake City Community Development aims to enhance the well-being of its community by fostering economic development and promoting local businesses.
Is Lake City Community Development legitimate?
Lake City Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake City Community Development submitted a form 990EZ, 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.
What is the mission statement of Lake City Community Development?
Lake City Community Development's mission is centered around enhancing its community. The organization raises funds annually, utilizing them for the betterment of the area. A significant portion of these funds is lent out to both new and existing businesses within the community. To generate funds, the organization hosts annual events. These events are primarily aimed at marketing the town and attracting more opportunities for growth and development. As a nonprofit chamber of commerce, Lake City Community Development plays a crucial role in promoting economic development and community improvement.
Who is the CEO of Lake City Community Development?
Mackenzie Gorden is the Executive Director of Lake City Community Development.
What is the revenue of Lake City Community Development?
Lake City Community Development's revenue in 2020 was $9,313.
Who are the executives of Lake City Community Development and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Lake City Community Development?
Lake City Community Development's most recent form 990EZ was submitted in 2020 and can be accessed here.
Mission Statement of Lake City Community Development
Lake City Community Development, as a nonprofit organization, is committed to enhancing its community's wellbeing. One of its primary methods is by raising funds annually, which it then utilizes for community improvement projects. In addition to this, the organization provides financial assistance through loans to both newly established and existing businesses within the community. To generate funds, Lake City Community Development hosts annual events, with the primary aim of marketing their town and attracting attention to its initiatives. This nonprofit chamber of commerce plays a significant role in fostering growth and development within its community.
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Impact
August, 2024
Lake City Community Development plays a significant role in supporting the economic growth and development of Lake City, IA. The organization raises funds to invest in various projects aimed at improving the community. Additionally, they actively support new and existing businesses by providing loans to help them establish and grow. By holding fundraising events regularly, Lake City Community Development is able to enhance the town's marketing efforts and promote overall community improvement. Their efforts contribute to creating a more vibrant and prosperous local economy.
This information is meant to be a general summary of Lake City Community Development. 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 2020.
- Gross Receipts: $12,230
Assets and Liabilities:
- Total Assets: $36,785
- Total Liabilities: $0
- Net Assets: $36,785
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Organization Details
Principal Officer
Mackenzie Gorden
Main Address
105 N Center St, Lake City, IA, 51449
NTEE Category
Code: S30 - Community improvement
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