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Bradenton Area Economic Development Corp

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

EIN: 454006592 ✦ Bradenton, FL ✦ Designated as a 501(c)(6)

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Overview

What is Bradenton Area Economic Development Corp?

Bradenton Area Economic Development Corporation, abbreviated as BAEDC, is a nonprofit organization based in Bradenton, Florida. Its primary focus is on boosting the local economy by retaining and attracting high-paying jobs for the area's residents. They achieve this by offering assistance with facility expansions, addressing workforce concerns, connecting businesses to grants, incentives, and valuable resources. Furthermore, BAEDC plays a significant role in fostering international trade, aiming to help establish businesses thrive in the region. With a team of nine dedicated individuals, BAEDC is committed to diversifying the local economy and ensuring the success of existing businesses.


Official website here: www.bradentonareaedc.com

Is Bradenton Area Economic Development Corp legitimate?

Bradenton Area Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Bradenton Area 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $56,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,014

For more financial information, click here


Official website here: www.bradentonareaedc.com

What is the mission statement of Bradenton Area Economic Development Corp?

The Bradenton Area Economic Development Corporation's mission is centered around enhancing the local economy. They strive to attract and retain high-paying jobs for the community's residents and provide established businesses with the necessary resources to thrive. This organization serves as a bridge, connecting businesses to valuable assets such as facility expansion aid, workforce solutions, grant opportunities, incentives, and international trade resources. The primary goal is to diversify the economy and foster the success of existing businesses.


Official website here: www.bradentonareaedc.com

Who is the CEO of Bradenton Area Economic Development Corp?

Sharon L Hillstrom is the Chair-Elect of Bradenton Area Economic Development Corp. The CEO's salary of Bradenton Area Economic Development Corp is $229,971 and their total compensation is $235,549.


Official website here: www.bradentonareaedc.com

What is the revenue of Bradenton Area Economic Development Corp?

Bradenton Area Economic Development Corp's revenue in 2022 was $292,436.


Official website here: www.bradentonareaedc.com

Who are the executives of Bradenton Area Economic Development Corp and what are their salaries?

The average compensation at Bradenton Area Economic Development Corp during 2022 was $17,037. There are 9 employees and 36 volunteers at Bradenton Area Economic Development Corp.


Here are 37 key members and their salaries (Bradenton Area Economic Development Corp's CEO's salary is $229,971 and their total compensation is $235,549):


Ben Hanan (Chair-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sessions (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Bailey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Karen Holbrook (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Volner (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesley Barre (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Boylston (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Ciaccio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Cianfaglione (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr William Colgate (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacki Dezelski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Evans (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Fineberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Guz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Hayes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Healey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devaney Iglesias (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Kinder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brittany Lamont (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Mcintyre (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shaun Merriman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jj Miranda (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Moschella (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Murphy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Novak (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Piccolo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Carol Probstfeld (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Racine (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Saunders (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Byron Shinn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Skokos (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Stencik (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Stultz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Thames (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Valenti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Hillstrom (President & Ceo)
  • Compensation: $229,971
  • Related: $0
  • Other: $5,578


Official website here: www.bradentonareaedc.com

Where can I find the form 990 for Bradenton Area Economic Development Corp?

Bradenton Area Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bradentonareaedc.com

Learn more at the official website: www.bradentonareaedc.com

Mission Statement of Bradenton Area Economic Development Corp

Bradenton Area Economic Development Corp, abbreviated as BAEDC, is dedicated to enhancing the local economy by drawing in and retaining high-paying jobs for the area's residents. This nonprofit organization also focuses on linking established businesses with the necessary resources to foster their growth and success. By doing so, BAEDC aims to diversify the economy, ultimately benefiting the community as a whole.

In more specific terms, BAEDC's mission involves several key components. One of these elements is business retention and expansion. The organization works tirelessly to retain high-impact businesses in Manatee County, Florida, by providing assistance with facility expansions, addressing workforce issues, and connecting these businesses to relevant grants, incentives, information resources, and international trade opportunities. By supporting existing businesses in this manner, BAEDC contributes to the overall prosperity of the community.

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Impact




October, 2024

The Bradenton Area Economic Development Corporation (EDC) plays a crucial role in shaping the local economy by focusing on diversification and the retention of high-wage jobs for residents. By attracting new businesses and supporting the growth of existing ones, the EDC enhances the economic landscape of Manatee County in Florida.

A key aspect of its impact is business retention and expansion, which involves assisting local companies with facility expansions, addressing workforce challenges, and connecting them to essential resources such as grants and incentives. The EDC acts as a bridge for established businesses, facilitating international trade connections and providing critical information resources that enable them to thrive.

Overall, the EDC's efforts contribute significantly to the stability and growth of the Bradenton area's economy, fostering an environment where high-impact businesses can flourish and residents can benefit from increased job opportunities and economic prosperity.




This information is meant to be a general summary of Bradenton Area 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.

Revenue
$1,123,700 (2022)
Expenses
$966,805 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $13,507
  • Program Service Revenue: $115,813
  • Gross Receipts: $328,033

Assets and Liabilities:

  • Total Assets: $2,183,708
  • Total Liabilities: $583,643
  • Net Assets: $1,600,065

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$115,813

Organization Details

Founding Year

2011

Principal Officer

Sharon L Hillstrom

Main Address

5840 26TH ST W BLDG 8 SUITE 214, BRADENTON, FL, 34207

NTEE Category

Code: S41 - Community improvement

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