Cherokee Area Economic Development

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

EIN: 421336335 ✦ Cherokee, IA ✦ Designated as a 501(c)(6)

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Overview

What is Cherokee Area Economic Development?

Cherokee Area Economic Development is a nonprofit organization dedicated to driving economic growth in the Cherokee area. They achieve this by adopting a proactive approach, cultivating a favorable outlook towards the region, and collecting pertinent data about it. The organization goes beyond data analysis by establishing industrial sites and providing educational and training programs, focusing specifically on economic development. This holistic strategy enables the Cherokee Area Economic Development to contribute positively to the local economy and improve the community's overall prosperity.


Official website here: www.cherokeeia.com

Is Cherokee Area Economic Development legitimate?

Cherokee Area Economic Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cherokee Area Economic Development 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: $63,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,282

For more financial information, click here


Official website here: www.cherokeeia.com

What is the mission statement of Cherokee Area Economic Development?

Cherokee Area Economic Development is committed to driving economic growth in its designated area. To achieve this, the organization fosters a positive and supportive attitude towards economic development. It accomplishes this by gathering data about the region, establishing industrial sites, and developing educational and training programs focused on economic development. The aim is to create an environment that attracts businesses and encourages economic growth, ultimately benefiting the community.


Official website here: www.cherokeeia.com

Who is the CEO of Cherokee Area Economic Development?

Rick Mongan is the President of Cherokee Area Economic Development.


Official website here: www.cherokeeia.com

What is the revenue of Cherokee Area Economic Development?

Cherokee Area Economic Development's revenue in 2023 was $284,440.


Official website here: www.cherokeeia.com

Who are the executives of Cherokee Area Economic Development and what are their salaries?

The average compensation at Cherokee Area Economic Development during 2023 was $32,688. There are 3 employees at Cherokee Area Economic Development.


Here are 15 key members and their salaries:


Rick Mongan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curt Johnson (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Priebe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Loughlin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Freed (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Les Todd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Parrott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Young (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Perrin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willie Allbaugh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Schlenger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Carlson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenny Schlenger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Wilberding (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cherokeeia.com

Where can I find the form 990 for Cherokee Area Economic Development?

Cherokee Area Economic Development's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.cherokeeia.com

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

Mission Statement of Cherokee Area Economic Development

Cherokee Area Economic Development, in its mission, strives to advocate for the economic growth of its area. It achieves this by cultivating a favorable outlook towards development and fostering a supportive environment. The organization accomplishes this through various means. Firstly, it gathers data about the area to gain a comprehensive understanding of its economic landscape. Secondly, it works on establishing industrial sites, providing suitable locations for businesses to thrive. Lastly, Cherokee Area Economic Development develops educational and training programs related to economic development, preparing the local workforce for the changing economic landscape. By carrying out these activities, the organization aims to promote sustainable and robust economic growth in the Cherokee area.

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Impact




October, 2024

Cherokee Area Economic Development significantly impacts the region by driving economic growth and community improvement. By fostering a positive environment for development, it encourages investment and business expansion in the Cherokee area. The organization collects and analyzes data, which provides valuable insights to stakeholders and helps identify opportunities for growth.

One of its key initiatives includes the creation of industrial sites, which attracts new businesses and supports existing ones, nurturing a diverse economic landscape. Additionally, Cherokee Area Economic Development prioritizes education and training programs tailored to local workforce needs, enhancing skills and increasing employability for residents. This comprehensive approach not only bolsters the economy but also contributes to the overall well-being and vitality of the community.




This information is meant to be a general summary of Cherokee Area Economic 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.

Revenue
$284,440 (2023)
Expenses
$195,498 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,874
  • Gross Receipts: $284,440

Assets and Liabilities:

  • Total Assets: $801,679
  • Total Liabilities: $49,287
  • Net Assets: $752,392

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Organization Details

Principal Officer

Rick Mongan

Main Address

201 WEST MAIN STREET, CHEROKEE, IA, 51012

NTEE Category

Code: S30 - Community improvement

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