Overview
What is Southern Iowa Development Group Inc?
Southern Iowa Development Group Inc, based in Creston, Iowa, is a nonprofit organization dedicated to boosting the economic growth and development of businesses in the regions of Adair, Adams, Clarke, Decatur, Union, Madison, Ringgold, and Taylor. Their primary mission is to stimulate business opportunities by providing gap financing, helping companies secure loans from banks and grants from the state. In return, they require a certain number of jobs to be created and a specific investment in the project. This year, they closed six loans and made numerous contacts with potential new industries. Their activities aim to foster economic development and support the growth of businesses in Southern Iowa.
Official website here: www.sicog.com/affiliates/sidg
Is Southern Iowa Development Group Inc legitimate?
Southern Iowa Development Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Iowa 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.
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Official website here: www.sicog.com/affiliates/sidg
What is the mission statement of Southern Iowa Development Group Inc?
The Southern Iowa Development Group Inc's mission is centered around promoting economic development in the region. Specifically, their goal is to encourage the growth and development of businesses in the counties of Adair, Adams, Clarke, Decatur, Union, Madison, Ringgold, and Taylor. They aim to stimulate business opportunities by providing assistance and facilitating loans from banks and grants from the state. The group's activities also involve creating jobs and attracting private investment to projects. This organization serves as a catalyst for economic growth and development in the targeted regions.
Official website here: www.sicog.com/affiliates/sidg
Who is the CEO of Southern Iowa Development Group Inc?
Jerry Walker is the Director of Southern Iowa Development Group Inc.
Official website here: www.sicog.com/affiliates/sidg
What is the revenue of Southern Iowa Development Group Inc?
Southern Iowa Development Group Inc's revenue in 2022 was $233,910.
Official website here: www.sicog.com/affiliates/sidg
Who are the executives of Southern Iowa Development Group Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.sicog.com/affiliates/sidg
Where can I find the form 990 for Southern Iowa Development Group Inc?
Southern Iowa Development Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sicog.com/affiliates/sidg
Learn more at the official website: www.sicog.com/affiliates/sidg
Mission Statement of Southern Iowa Development Group Inc
Southern Iowa Development Group Inc, as a mission-driven organization, is dedicated to fostering economic growth and development in the region. The group targets specific counties, including Adair, Adams, Clarke, Decatur, Union, Madison, Ringgold, and Taylor, with the aim of promoting business growth and stimulating business opportunities. The organization serves as a catalyst, providing assistance and support to existing businesses and attracting new industries to the region. To achieve these goals, they offer gap financing, a service that aids companies in securing loans from banks and obtaining grants from the state. This funding is often contingent on the creation of a certain number of jobs and a significant private investment in the project. By offering such financial assistance, Southern Iowa Development Group Inc plays a pivotal role in driving economic development and promoting business prosperity in the designated counties.
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Impact
October, 2024
Southern Iowa Development Group Inc plays a pivotal role in fostering economic growth in the southern Iowa region. By focusing on promoting and assisting the development of businesses within the counties of Adair, Adams, Clarke, Decatur, Union, Madison, Ringgold, and Taylor, it actively stimulates business opportunities that benefit the local economy.
In the past fiscal year alone, the organization successfully closed on six loans and continued to service existing loans. These financial activities not only support ongoing business initiatives but also lay the groundwork for future investments. The group specializes in providing gap financing, which helps companies secure additional loans from banks and access state grants. This support is crucial for stimulating private investment and job creation in the region.
By encouraging new industries to explore potential opportunities, Southern Iowa Development Group Inc helps strengthen the local economic landscape, ensuring a more vibrant and sustainable community. The ongoing commitment to fostering business growth ultimately leads to improved job prospects and greater economic resilience for the residents of southern Iowa.
This information is meant to be a general summary of Southern Iowa 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: $1,809
- Program Service Revenue: $23,198
- Gross Receipts: $233,910
Assets and Liabilities:
- Total Assets: $3,298,047
- Total Liabilities: $106,662
- Net Assets: $3,191,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$23,022
ORIGINATION FEES
Revenue
$176
Organization Details
Founding Year
1987
Phone
(641) 782-8491Principal Officer
Jerry Walker
Main Address
101 EAST MONTGOMERY STREET, CRESTON, IA, 50801
NTEE Category
Code: S32Z - Community improvement
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