Forward Devils Lake Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450443068 ✦ Devils lake, ND ✦ Designated as a 501(c)(6)

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Overview

What is Forward Devils Lake Corp?

Forward Devils Lake Corp, located at 423 6th Street NE, Devils Lake, North Dakota 58301, serves as the economic development promoter for the city of Devils Lake. Its primary mission is to foster and develop both existing and new businesses and industries in the lake region. To achieve this, the organization provides location incentives to attract businesses to Devils Lake, thereby contributing to the economic growth of the area. With a small team of one employee, Forward Devils Lake Corp plays a crucial role in promoting business development and expansion within the lake region.

Is Forward Devils Lake Corp legitimate?

Forward Devils Lake Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Forward Devils Lake 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $121,565
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Forward Devils Lake Corp?

Forward Devils Lake Corp serves as an economic development promoter, with its primary mission being to foster and develop both existing and new businesses and industries. In pursuit of this objective, the corporation markets the city and offers location incentives to attract businesses, aiming to enhance the economic growth and prosperity in the region. By doing so, Forward Devils Lake Corp plays a crucial role in stimulating economic development and creating job opportunities within the specified area.

Who is the CEO of Forward Devils Lake Corp?

Jim Alvestad is the Executive Di of Forward Devils Lake Corp.

What is the revenue of Forward Devils Lake Corp?

Forward Devils Lake Corp's revenue in 2022 was $239,899.

Who are the executives of Forward Devils Lake Corp and what are their salaries?

The average compensation at Forward Devils Lake Corp during 2022 was $121,565. There is 1 employee at Forward Devils Lake Corp.


Here are 8 key members and their salaries:


Brad Barth (Executive Di)
  • Compensation: $87,414
  • Related: $0
  • Other: $34,152
Jim Alvestad (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Darling (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chace Engstrom-Austvold (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Halverson (Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Hanson (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Moe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blaine Volk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Forward Devils Lake Corp?

Forward Devils Lake Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Forward Devils Lake Corp

Forward Devils Lake Corporation, as the economic development promoter for the city of Devils Lake, is dedicated to fostering and developing both existing and new businesses and industries within its region. By marketing the city and offering location incentives, Forward Devils Lake works tirelessly to attract businesses to its area, thereby contributing to its economic growth.

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Impact




October, 2024

Forward Devils Lake Corp significantly impacts the economic landscape of the Lake Region by fostering the growth and development of both existing and new businesses. As the primary economic development promoter for the city of Devils Lake, it actively markets the area to potential businesses and industries, showcasing the benefits and opportunities of operating in the region. By providing location incentives, Forward Devils Lake attracts investments that can enhance job creation and stimulate local economic growth. This initiative not only supports the business community but also contributes to community improvement, making Devils Lake a more vibrant and prosperous place to live and work.




This information is meant to be a general summary of Forward Devils Lake 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.

Revenue
$239,899 (2022)
Expenses
$231,388 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $239,899

Assets and Liabilities:

  • Total Assets: $1,065,786
  • Total Liabilities: $810,067
  • Net Assets: $255,719

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Organization Details

Founding Year

1992

Principal Officer

Jim Alvestad

Main Address

423 6TH STREET NE, DEVILS LAKE, ND, 58301

NTEE Category

Code: S30 - Community improvement

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