Overview
What is Entrepreneurial Development Center Inc?
Entrepreneurial Development Center Inc, situated in Cedar Rapids, Iowa, is a nonprofit organization committed to promoting economic growth. They achieve this by offering mentoring services, assigning business professionals to provide general support to 29 clients annually, as part of a "shadow board"-like system. The center's primary mission is to foster the creation and expansion of high-impact Iowa businesses, providing hands-on, guided assistance from seasoned business experts. The organization currently employs a team of 6 individuals.
Official website here: www.edcinc.org
Is Entrepreneurial Development Center Inc legitimate?
Entrepreneurial Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Entrepreneurial Development Center 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: $329,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,895
For more financial information, click here
Official website here: www.edcinc.org
What is the mission statement of Entrepreneurial Development Center Inc?
The Entrepreneurial Development Center Inc's mission is focused on fostering economic growth. They achieve this by offering guidance and support to establish and expand high-impact businesses. The center provides mentoring services, assigning business experts to offer shadow board-level assistance to clients. In the year ending December 31, 2022, they mentored 29 such clients.
In simpler terms, the Entrepreneurial Development Center Inc aims to stimulate economic growth by aiding in the creation and expansion of impactful businesses. They accomplish this through the provision of mentorship from experienced business professionals, offering guidance at a strategic level. During the year 2022, they provided mentoring services to 29 clients.
Official website here: www.edcinc.org
Who is the CEO of Entrepreneurial Development Center Inc?
Curtis Nelson is the Chair of Entrepreneurial Development Center Inc. The CEO's salary of Entrepreneurial Development Center Inc is $290,296 and their total compensation is $345,289.
Official website here: www.edcinc.org
What is the revenue of Entrepreneurial Development Center Inc?
Entrepreneurial Development Center Inc's revenue in 2022 was $991,681.
Official website here: www.edcinc.org
Who are the executives of Entrepreneurial Development Center Inc and what are their salaries?
The average compensation at Entrepreneurial Development Center Inc during 2022 was $106,981. There are 6 employees and 24 volunteers at Entrepreneurial Development Center Inc.
Here are 25 key members and their salaries (Entrepreneurial Development Center Inc's CEO's salary is $290,296 and their total compensation is $345,289):
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- Other: $54,993
Official website here: www.edcinc.org
Where can I find the form 990 for Entrepreneurial Development Center Inc?
Entrepreneurial Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edcinc.org
Learn more at the official website: www.edcinc.org
Mission Statement of Entrepreneurial Development Center Inc
Entrepreneurial Development Center Inc, a nonprofit organization, is committed to fostering economic growth in Iowa. Their mission is to achieve this by assisting in the creation and expansion of high-impact businesses. They provide guidance and support to aspiring entrepreneurs through their mentoring services. Seasoned business experts are assigned to offer general advice, acting as a sort of 'shadow board'. In the year ending December 31, 2022, 29 clients benefited from this mentoring program. The goal of Entrepreneurial Development Center Inc is to contribute to Iowa's economic growth by nurturing and nudging small businesses towards success.
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Impact
October, 2024
Entrepreneurial Development Center Inc significantly impacts economic growth in Iowa by fostering the creation and expansion of high-impact businesses. By offering hands-on, guided assistance from seasoned business experts, the center provides essential mentoring services. In 2022, 29 clients benefited from tailored support, where experienced business professionals acted as shadow board members, sharing insights and guidance that are critical for navigating the complexities of entrepreneurship. This personalized approach not only enhances the skills of individual entrepreneurs but also contributes to the overall improvement of the community by strengthening local businesses and stimulating economic development in Cedar Rapids and beyond.
This information is meant to be a general summary of Entrepreneurial Development Center 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: $806
- Program Service Revenue: $234,926
- Gross Receipts: $991,681
Assets and Liabilities:
- Total Assets: $895,558
- Total Liabilities: $195,317
- Net Assets: $700,241
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$234,926
Organization Details
Founding Year
1995
Phone
(319) 369-4955Principal Officer
Curtis Nelson
Main Address
230 SECOND STREET SOUTH EAST 212, CEDAR RAPIDS, IA, 52401
Website
www.edcinc.orgNTEE Category
Code: S30 - Community improvement
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