Overview
What is Hillsboro Economic Development Corp?
The Hillsboro Economic Development Corp is a nonprofit organization established in Hillsboro, North Dakota. Their primary mission is to alleviate the government's financial burden associated with economic development, aiming to sustain Hillsboro as a thriving community. They achieve this goal by encouraging the growth of industry and businesses within the area, thereby fostering local economic development. The organization operates with a modest team of two dedicated individuals.
Is Hillsboro Economic Development Corp legitimate?
Hillsboro Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hillsboro Economic Development Corp 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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What is the mission statement of Hillsboro Economic Development Corp?
The Hillsboro Economic Development Corp's mission is to alleviate the burden of economic development on the government, enabling the community to thrive. They achieve this by actively promoting and encouraging the growth of industries and businesses in the area. This initiative aims to sustain the community by reducing the financial responsibility of economic development on local authorities. The organization's primary focus is on community economic development, with the ultimate goal of easing government expenses associated with this sector.
Who is the CEO of Hillsboro Economic Development Corp?
Terry Sando is the President of Hillsboro Economic Development Corp.
What is the revenue of Hillsboro Economic Development Corp?
Hillsboro Economic Development Corp's revenue in 2022 was $269,380.
Who are the executives of Hillsboro Economic Development Corp and what are their salaries?
There are 2 employees at Hillsboro Economic Development Corp.
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Where can I find the form 990 for Hillsboro Economic Development Corp?
Hillsboro Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hillsboro Economic Development Corp
The Hillsboro Economic Development Corp, in an effort to alleviate the financial burden on the government, aims to stimulate the growth of industries and businesses within the community. This organization operates with the mission to foster economic development in Hillsboro, ultimately ensuring the sustainability of the community as a whole. By encouraging the expansion of industries and businesses, the Hillsboro Economic Development Corp works diligently to promote community growth and development, thereby reducing the government's financial obligations in this area.
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Impact
October, 2024
Hillsboro Economic Development Corp plays a pivotal role in nurturing and sustaining economic growth in Hillsboro, ND. By actively encouraging the development of industry and business, it significantly contributes to the economic vitality of the community. This impact is evident in several ways:
1. **Economic Growth**: The organization promotes business initiatives that create jobs and attract investment, enhancing the local economy.
2. **Community Sustainability**: By easing the government's burden in economic development efforts, it ensures that Hillsboro remains a vibrant and sustainable community for both residents and businesses alike.
3. **Business Development**: Through its initiatives, the organization provides support and resources that foster the growth of new and existing businesses, leading to diversification of the local economy.
4. **Promotion of Hillsboro**: The focus on community economic development not only facilitates business growth but also enhances the overall appeal of Hillsboro as a place to live, work, and invest.
Overall, Hillsboro Economic Development Corp is instrumental in establishing a strong foundation for economic prosperity, significantly benefiting the local community and reducing government expenses related to economic initiatives.
This information is meant to be a general summary of Hillsboro Economic Development Corp. 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: $1,358
- Gross Receipts: $2,078,131
Assets and Liabilities:
- Total Assets: $660,995
- Total Liabilities: $1,207
- Net Assets: $659,788
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Organization Details
Founding Year
1995
Phone
(701) 430-1213Principal Officer
Terry Sando
Main Address
PO BOX 502, HILLSBORO, ND, 580450502
NTEE Category
Code: S80 - Community improvement
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