Overview
What is Marion Economic Development Company?
The Marion Economic Development Company, situated in Marion, Iowa, is a nonprofit organization with a mission to bolster and enhance economic development within the city. They focus on transforming bare farmland into commercially viable properties, thereby facilitating economic growth in the area. With a team of four dedicated individuals, their primary aim is to strengthen Marion's economy by fostering business growth and development.
Official website here: www.medcoiowa.org
Is Marion Economic Development Company legitimate?
Marion Economic Development Company is a legitimate nonprofit organization registered as a 501(c)(6) entity. Marion Economic Development Company 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: $137,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,328
For more financial information, click here
Official website here: www.medcoiowa.org
What is the mission statement of Marion Economic Development Company?
The Marion Economic Development Company's mission is centered around enhancing and strengthening economic development. Specifically, they aim to transform underutilized farmland into commercially viable properties, thereby fostering economic growth within their operational sphere. This initiative is designed to contribute positively to the local economy, potentially attracting new businesses and stimulating economic activity.
Official website here: www.medcoiowa.org
Who is the CEO of Marion Economic Development Company?
Nick Glew is the Director of Marion Economic Development Company.
Official website here: www.medcoiowa.org
What is the revenue of Marion Economic Development Company?
Marion Economic Development Company's revenue in 2022 was $882,633.
Official website here: www.medcoiowa.org
Who are the executives of Marion Economic Development Company and what are their salaries?
The average compensation at Marion Economic Development Company during 2022 was $71,717. There are 4 employees and 50 volunteers at Marion Economic Development Company.
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Official website here: www.medcoiowa.org
Where can I find the form 990 for Marion Economic Development Company?
Marion Economic Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medcoiowa.org
Learn more at the official website: www.medcoiowa.org
Mission Statement of Marion Economic Development Company
The Marion Economic Development Company, as its name suggests, is dedicated to fortifying and enhancing economic development within the community. This mission is accomplished through a strategic initiative of transforming barren farmland into commercially viable property. By doing so, the organization facilitates economic growth, fostering a thriving and prosperous economic landscape in Marion.
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Impact
October, 2024
The Marion Economic Development Company (MEDCO) plays a crucial role in driving economic growth in Marion, Iowa. By transforming bare farmland into shovel-ready commercial properties, MEDCO facilitates the establishment of new businesses and attracts investments to the area. This strategic approach not only enhances the local economy but also creates job opportunities and fosters community development.
By focusing on community improvement, MEDCO strengthens Marion’s economic landscape, ensuring that the city remains competitive and vibrant. Through its initiatives, the organization emphasizes the importance of accessibility and readiness for businesses looking to invest in the region, thereby contributing significantly to the overall prosperity of Marion and its residents.
This information is meant to be a general summary of Marion Economic Development Company. 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: $263,444
- Program Service Revenue: $40,635
- Gross Receipts: $884,125
Assets and Liabilities:
- Total Assets: $12,817,378
- Total Liabilities: $2,194,474
- Net Assets: $10,622,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MHC SERVICES
Revenue
$6,000
COMMUNITY PROMISE
Revenue
$15,095
ANNUAL MEETING INCOME
Revenue
$19,540
Organization Details
Founding Year
1985
Principal Officer
Nick Glew
Main Address
1107 7TH AVE STE 201, MARION, IA, 52302
Website
www.medcoiowa.orgNTEE Category
Code: S30 - Community improvement
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