Overview
What is Lake Agassiz Regional Development Corporation?
Lake Agassiz Regional Development Corporation is a nonprofit organization situated in Fargo, North Dakota. Their primary mission revolves around providing community planning and economic development assistance, as well as operating a regional small business center. This nonprofit serves a six-county region in southeastern North Dakota, aiming to identify and offer financing opportunities and technical assistance to emerging and existing businesses. Additionally, they focus on community and economic development planning and implementation, working towards the long-term sustainability and growth of the region. With a team of nine dedicated individuals, Lake Agassiz Regional Development Corporation plays a significant role in fostering business growth and community development within its region.
Official website here: www.lakeagassiz.com
Is Lake Agassiz Regional Development Corporation legitimate?
Lake Agassiz Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Agassiz Regional Development Corporation 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: $146,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,747
For more financial information, click here
Official website here: www.lakeagassiz.com
What is the mission statement of Lake Agassiz Regional Development Corporation?
The Lake Agassiz Regional Development Corporation is committed to promoting community planning and economic development in a six-county region of southeastern North Dakota. Their mission includes identifying and providing financing opportunities and technical assistance to both emerging and existing businesses. Additionally, they contribute to community and economic development planning and implementation, aiming for the long-term sustainability and growth of the region. Lastly, they coordinate federal, state, and private program administration to facilitate development initiatives. In essence, their role is to foster business growth and regional development through financial support and strategic planning.
Official website here: www.lakeagassiz.com
Who is the CEO of Lake Agassiz Regional Development Corporation?
Donald Litch is the Secretary of Lake Agassiz Regional Development Corporation.
Official website here: www.lakeagassiz.com
What is the revenue of Lake Agassiz Regional Development Corporation?
Lake Agassiz Regional Development Corporation's revenue in 2022 was $1,028,697.
Official website here: www.lakeagassiz.com
Who are the executives of Lake Agassiz Regional Development Corporation and what are their salaries?
The average compensation at Lake Agassiz Regional Development Corporation during 2022 was $56,550. There are 9 employees at Lake Agassiz Regional Development Corporation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Compensation: $83,085
- Related: $0
- Other: $12,691
- Compensation: $40,137
- Related: $0
- Other: $10,287
Official website here: www.lakeagassiz.com
Where can I find the form 990 for Lake Agassiz Regional Development Corporation?
Lake Agassiz Regional Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeagassiz.com
Learn more at the official website: www.lakeagassiz.com
Mission Statement of Lake Agassiz Regional Development Corporation
Lake Agassiz Regional Development Corporation, a nonprofit organization, is committed to providing community planning and economic development assistance to a six-county region in southeastern North Dakota. Their mission is threefold: firstly, they aim to identify and offer financing opportunities and technical assistance to both emerging and established businesses. Secondly, they provide community and economic development planning and implementation services, with a focus on ensuring the long-term sustainability and growth of the region. Lastly, they coordinate the administration of federal, state, and private programs to effectively serve the region's needs. In essence, Lake Agassiz Regional Development Corporation plays a vital role in fostering economic growth and community development within its jurisdiction.
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Impact
October, 2024
Lake Agassiz Regional Development Corporation plays a crucial role in fostering economic growth and community sustainability in a six-county region of southeastern North Dakota. By offering targeted community planning and economic development assistance, the organization enhances the region's appeal for both emerging and existing businesses.
The Corporation identifies financing opportunities and provides technical assistance, helping businesses navigate challenges and thrive in a competitive environment. Through the operation of a regional small business center, it supports entrepreneurial initiatives that are vital for job creation and economic diversity.
Additionally, Lake Agassiz collaborates with federal, state, and private programs to ensure effective administration and implementation of community and economic development strategies. This coordination is essential for fostering a supportive ecosystem that encourages long-term growth and sustainability within the region, ultimately leading to improved community well-being.
This information is meant to be a general summary of Lake Agassiz Regional Development Corporation. 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: $142,860
- Program Service Revenue: $698,323
- Gross Receipts: $1,028,697
Assets and Liabilities:
- Total Assets: $6,609,256
- Total Liabilities: $2,811,341
- Net Assets: $3,797,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES AND OTHER
Revenue
$479,288
RENTS
Revenue
$219,035
Organization Details
Founding Year
1987
Phone
(701) 235-1197Principal Officer
Donald Litch
Main Address
417 MAIN AVENUE, FARGO, ND, 58103
Website
www.lakeagassiz.comNTEE Category
Code: S30 - Community improvement
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