Overview
What is May-Port Edc?
May-Port Edc is a nonprofit organization situated in Portland, North Dakota, specifically at PO Box 171. Their primary mission is to support local businesses in Mayville and Portland by providing interest-free loans. This initiative aims to retain existing businesses and attract new ones to these North Dakota communities. The organization's activities contribute to the economic growth and development of the regions they serve.
Is May-Port Edc legitimate?
May-Port Edc is a legitimate nonprofit organization registered as a 501(c)(6) entity. May-Port Edc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of May-Port Edc?
The May-Port Edc, an organization unspecified in location, is committed to supporting businesses by providing interest-free loans. This initiative aims to both retain existing businesses and attract new ones to an unnamed locale. The organization's primary goal is to stimulate economic growth through these financial aid provisions. So far, grants have been issued to local businesses and organizations, indicating the organization's active involvement in the community. By offering interest-free loans, May-Port Edc seeks to foster a thriving business environment without burdening the recipients with excessive debt.
Who is the CEO of May-Port Edc?
Ernie Strube is the President of May-Port Edc.
What is the revenue of May-Port Edc?
May-Port Edc's revenue in 2022 was $100,995.
Who are the executives of May-Port Edc and what are their salaries?
Here are 8 key members and their salaries:
- 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 May-Port Edc?
May-Port Edc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of May-Port Edc
May-Port Edc, a nonprofit organization, is committed to an important mission. This mission involves providing interest-free loans to both existing and prospective businesses in an effort to stimulate growth and development within the local economy. By offering these loans without charging interest, May-Port Edc aims to make it more feasible for businesses to invest and expand, thereby contributing to the overall economic health of the community. The organization's efforts in this regard have resulted in the distribution of grants to various local businesses and organizations, further underscoring its commitment to supporting 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
May-Port Edc significantly contributes to the economic development of Mayville and Portland, North Dakota, by providing interest-free loans that support local businesses and organizations. This financial assistance helps retain existing businesses and attract new ones, fostering a thriving community.
By issuing grants to local enterprises, May-Port Edc promotes growth and sustainability, which in turn enhances job creation and local economic stability. The focus on community improvement ensures that the benefits are felt widely, leading to a stronger, more vibrant local economy. The organization plays a crucial role in empowering entrepreneurs, enabling them to invest in their ventures without the burden of high-interest costs, ultimately strengthening the overall economic landscape of the region.
This information is meant to be a general summary of May-Port Edc. 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: $29
- Gross Receipts: $102,336
Assets and Liabilities:
- Total Assets: $223,032
- Total Liabilities: $0
- Net Assets: $223,032
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(701) 788-6104Principal Officer
Ernie Strube
Main Address
PO BOX 171, Portland, ND, 58274
NTEE Category
Code: S31 - Community improvement
If you are a representative of May-Port Edc 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.