Overview
What is Mobridge Economic Development Corporation?
The Mobridge Economic Development Corporation is a local nonprofit organization that actively works to foster business growth and development in its community. By offering loans at a reduced interest rate, it provides financial assistance to businesses, thereby promoting commerce and industry in the area. The corporation's mission is to support local enterprises, ultimately contributing to the community's economic prosperity.
Official website here: www.makeitmobridge.org
Is Mobridge Economic Development Corporation legitimate?
Mobridge Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mobridge Economic Development Corporation 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: $40,000
For more financial information, click here
Official website here: www.makeitmobridge.org
What is the mission statement of Mobridge Economic Development Corporation?
The Mobridge Economic Development Corporation's mission is centered around promoting industry and commerce in a local setting. They achieve this by offering loans to businesses at a low interest rate, thereby supporting and fostering growth within the community. The organization's initiatives are designed to encourage and strengthen the economic landscape of the area.
Official website here: www.makeitmobridge.org
Who is the CEO of Mobridge Economic Development Corporation?
Michele Harrison is the Director of Mobridge Economic Development Corporation.
Official website here: www.makeitmobridge.org
What is the revenue of Mobridge Economic Development Corporation?
Mobridge Economic Development Corporation's revenue in 2022 was $79,047.
Official website here: www.makeitmobridge.org
Who are the executives of Mobridge Economic Development Corporation and what are their salaries?
The average compensation at Mobridge Economic Development Corporation during 2022 was $40,000. There is 1 employee at Mobridge Economic Development Corporation.
Here are 9 key members and their salaries:
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Official website here: www.makeitmobridge.org
Where can I find the form 990 for Mobridge Economic Development Corporation?
Mobridge Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.makeitmobridge.org
Learn more at the official website: www.makeitmobridge.org
Mission Statement of Mobridge Economic Development Corporation
Mobridge Economic Development Corporation, abbreviated as MEDC, is dedicated to fostering the growth of industries and commerce in its local community. The organization achieves this mission by offering loans to businesses at an affordable interest rate. By doing so, MEDC provides a supportive environment that encourages business expansion and development, ultimately contributing to the community's economic prosperity.
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Impact
October, 2024
Mobridge Economic Development Corporation significantly contributes to the local economy by promoting industry and commerce in Mobridge, South Dakota. By providing low-interest loans to businesses, it fosters an environment conducive to growth and expansion. The organization's efforts not only support existing businesses but also encourage the establishment of new ones, stimulating job creation and enhancing the overall economic vitality of the community. Through its programs, Mobridge Economic Development Corporation plays a critical role in driving community improvement and ensuring a robust commercial landscape for residents and entrepreneurs alike.
This information is meant to be a general summary of Mobridge Economic Development Corporation. 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: $125
- Program Service Revenue: $31,560
- Gross Receipts: $79,047
Assets and Liabilities:
- Total Assets: $1,322,740
- Total Liabilities: $390,038
- Net Assets: $932,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - RLF
Revenue
$31,260
LOAN ORIGINARION FEES - RLF
Revenue
$300
Organization Details
Founding Year
1984
Phone
(605) 845-5202Principal Officer
Michele Harrison
Main Address
PO BOX 642, MOBRIDGE, SD, 57601
Website
www.makeitmobridge.orgNTEE Category
Code: S30 - Community improvement
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