Overview
What is Webster City Area Abi Inc?
Webster City Area Abi Inc is a nonprofit organization situated in Webster City, Iowa. Their primary mission is to stimulate economic growth and development within Webster City and Hamilton County, Iowa. They achieve this by distributing grants and offering revolving loans to local businesses for expansion and development. Throughout the year, they provide workshops, seminars, and educational opportunities to further support the business community. To keep the community informed, they publish a quarterly newsletter highlighting business changes and developments. With a workforce of four individuals, Webster City Area Abi Inc actively contributes to the prosperity of their region.
Is Webster City Area Abi Inc legitimate?
Webster City Area Abi Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Webster City Area Abi 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: $43,206
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,557
For more financial information, click here
What is the mission statement of Webster City Area Abi Inc?
Webster City Area Abi Inc, through its mission, focuses on promoting economic development in its local area. This organization undertakes various activities and projects with the aim of boosting businesses and community development. It distributes grants and provides revolving loans for business development and expansion within its jurisdiction. Workshops, seminars, and educational opportunities are regularly offered to support local businesses. Additionally, the organization publishes a quarterly newsletter to recognize and highlight business changes and developments.
Who is the CEO of Webster City Area Abi Inc?
Mark Ferguson is the President of Webster City Area Abi Inc.
What is the revenue of Webster City Area Abi Inc?
Webster City Area Abi Inc's revenue in 2022 was $196,634.
Who are the executives of Webster City Area Abi Inc and what are their salaries?
The average compensation at Webster City Area Abi Inc during 2022 was $17,691. There are 4 employees at Webster City Area Abi Inc.
Here are 10 key members and their salaries:
- Compensation: $43,206
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Webster City Area Abi Inc?
Webster City Area Abi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Webster City Area Abi Inc
Webster City Area ABI, a nonprofit organization, is dedicated to fostering economic growth in Webster City, Iowa, and Hamilton County, Iowa. Their primary mission is to promote business and community development within these areas. To achieve this, they undertake various activities and projects, providing grants and offering revolving loans to aid in the expansion of local businesses. Beyond financial assistance, Webster City Area ABI also offers workshops, seminars, and educational opportunities to further support the growth and success of the business community. To keep the community informed about the latest developments, they publish a quarterly newsletter, highlighting changes and advancements in the local business sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Webster City Area ABI Inc plays a crucial role in fostering economic growth and community development in Webster City and Hamilton County, Iowa. By spearheading various initiatives and projects, the organization enhances the local business landscape and promotes overall community vitality.
Through the distribution of grants and offering revolving loans, Webster City Area ABI Inc supports new and existing businesses, facilitating their development and expansion. This financial assistance empowers local entrepreneurs and drives job creation, which, in turn, contributes to a more robust local economy.
Additionally, the organization provides valuable educational resources such as workshops, seminars, and training sessions throughout the year. These programs equip business owners and community members with essential skills and knowledge, fostering a culture of continuous learning and innovation. A quarterly newsletter keeps the community informed about significant business changes and developments, further enhancing local engagement and collaboration.
Overall, Webster City Area ABI Inc serves as a catalyst for economic development, improving the quality of life in the community by supporting business growth, encouraging workforce development, and promoting a thriving economic environment.
This information is meant to be a general summary of Webster City Area Abi 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: $1,932
- Program Service Revenue: $7,946
- Gross Receipts: $240,765
Assets and Liabilities:
- Total Assets: $486,095
- Total Liabilities: $1,340
- Net Assets: $484,755
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest-Econ Dev Loans
Revenue
$7,946
Organization Details
Founding Year
1980
Phone
(515) 832-2564Principal Officer
Mark Ferguson
Main Address
628 Second Street, Webster City, IA, 50595
NTEE Category
Code: S40 - Community improvement
If you are a representative of Webster City Area Abi Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.