Overview
What is Areawide Business Council Incorporated?
Areawide Business Council Incorporated is a nonprofit organization dedicated to fostering economic growth. They achieve this by offering low-interest loans to aspiring entrepreneurs and businesses aiming to expand, thereby promoting local business development. This organization plays a significant role in supporting the community's economic well-being.
Official website here: www.districtiii.org
Is Areawide Business Council Incorporated legitimate?
Areawide Business Council Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Areawide Business Council Incorporated 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:
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Other Salaries and Wages: $1,141
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Official website here: www.districtiii.org
What is the mission statement of Areawide Business Council Incorporated?
Areawide Business Council Incorporated is dedicated to promoting economic growth by offering low-interest loans to individuals initiating new businesses and existing enterprises aiming to expand their operations. This non-profit organization's primary mission is to contribute to the economic development of various industries by providing financial assistance, thereby fostering business growth and job creation. By offering affordable loans, Areawide Business Council Incorporated empowers entrepreneurs and existing businesses, enabling them to invest in their ventures and expand their operations, ultimately contributing to the overall economic prosperity of the community.
Official website here: www.districtiii.org
Who is the CEO of Areawide Business Council Incorporated?
Ron Kraft is the Board Member of Areawide Business Council Incorporated.
Official website here: www.districtiii.org
What is the revenue of Areawide Business Council Incorporated?
Areawide Business Council Incorporated's revenue in 2022 was $251,437.
Official website here: www.districtiii.org
Who are the executives of Areawide Business Council Incorporated and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.districtiii.org
Where can I find the form 990 for Areawide Business Council Incorporated?
Areawide Business Council Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.districtiii.org
Learn more at the official website: www.districtiii.org
Mission Statement of Areawide Business Council Incorporated
Areawide Business Council Incorporated is dedicated to fostering economic growth by offering low-interest loans to aspiring entrepreneurs and established businesses seeking expansion. This nonprofit organization plays a pivotal role in supporting the financial needs of individuals aiming to launch their own ventures or expand existing businesses, thereby contributing to local economic development.
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Impact
October, 2024
Areawide Business Council Incorporated significantly boosts local economic development by offering low-interest loans to entrepreneurs. This financial support enables individuals to start new businesses and assists existing businesses in expanding their operations. By facilitating access to necessary capital, the Council fosters job creation and promotes community improvement in Yankton, South Dakota. This impact is crucial for cultivating a vibrant local economy, encouraging innovation, and enhancing the overall quality of life within the community.
This information is meant to be a general summary of Areawide Business Council Incorporated. 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: $10,687
- Program Service Revenue: $181,441
- Gross Receipts: $251,437
Assets and Liabilities:
- Total Assets: $10,108,650
- Total Liabilities: $888,989
- Net Assets: $9,219,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income from Loans Made
Revenue
$170,587
Loan Origination Fees
Revenue
$10,229
Late Charges
Revenue
$625
Organization Details
Founding Year
1982
Phone
(605) 665-4408Principal Officer
Ron Kraft
Main Address
PO Box 687, Yankton, SD, 57078
Website
www.districtiii.orgNTEE Category
Code: S43 - Community improvement
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