Economic Development Corp Of Rugby

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

EIN: 456035426 ✦ Rugby, ND ✦ Designated as a 501(c)(6)

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Overview

What is Economic Development Corp Of Rugby?

The Economic Development Corp of Rugby is a dedicated nonprofit organization based in Rugby, North Dakota. Their primary focus is on fostering economic growth within the community by implementing various programs. As a specialist in urban and community economic development, they work tirelessly to promote economic development within Rugby, aiming to enhance the local economy and improve the overall quality of life for its residents.

Is Economic Development Corp Of Rugby legitimate?

Economic Development Corp Of Rugby is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Corp Of Rugby 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 Economic Development Corp Of Rugby?

The Economic Development Corp of Rugby focuses on promoting economic development within its sphere, acting as an organization dedicated to urban and community economic growth. Its mission involves implementing various programs to foster this development, serving as a specialized entity in this field. The corporation prioritizes economic advancement and works tirelessly to achieve this goal, contributing to the overall well-being and prosperity of the community.

Who is the CEO of Economic Development Corp Of Rugby?

Terry Wentz is the President of Economic Development Corp Of Rugby.

What is the revenue of Economic Development Corp Of Rugby?

Economic Development Corp Of Rugby's revenue in 2023 was $20,097.

Who are the executives of Economic Development Corp Of Rugby and what are their salaries?


Here are 4 key members and their salaries:


Joni Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tanner Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Wentz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Leier (Vice Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Economic Development Corp Of Rugby?

Economic Development Corp Of Rugby's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Economic Development Corp Of Rugby

The Economic Development Corp of Rugby is dedicated to promoting economic growth and development within its community. Acting as a specialist in urban and community economic development, this organization implements various programs to further this goal. Its mission is to prioritize and facilitate economic development in Rugby, North Dakota.

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Impact




October, 2024

The Economic Development Corp of Rugby plays a vital role in enhancing the economic landscape of Rugby, North Dakota. By prioritizing economic development, the organization implements various programs aimed at fostering growth and sustainability within the community.

Through its focus on urban and community economic development, the Corp initiates projects that not only improve local infrastructure but also stimulate business growth and attract investment. This leads to job creation and increased economic activity, benefiting residents and local enterprises alike.

The organization also serves as a central hub for resources and support, connecting entrepreneurs with the tools they need to succeed. By promoting innovative practices and encouraging community involvement, the Economic Development Corp of Rugby contributes significantly to the overall health and vitality of the region. Its efforts encapsulate a comprehensive approach to community improvement, driving Rugby forward as a thriving place to live, work, and invest.




This information is meant to be a general summary of Economic Development Corp Of Rugby. 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
$20,097 (2023)
Expenses
$3,254 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $78
  • Program Service Revenue: $16,519
  • Gross Receipts: $20,097

Assets and Liabilities:

  • Total Assets: $303,908
  • Total Liabilities: $0
  • Net Assets: $303,908

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Programs

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

DEVELEMENT LOAN PRIN

Revenue

$14,198

DEVELEMENT LOAN INT

Revenue

$2,321

Organization Details

Founding Year

1980

Principal Officer

Terry Wentz

Main Address

PO BOX 181, Rugby, ND, 58368

NTEE Category

Code: S30 - Community improvement

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