Overview
What is Necog Development Corporation?
Necog Development Corporation is a nonprofit organization situated in Aberdeen, South Dakota, with a specific focus on promoting economic growth and job creation in the northeast region of the state. They accomplish this by providing loans from federal and state resources to local businesses and industries, and by offering assistance to help these businesses thrive and maintain their workforce. Their mission is multifaceted, aiming to stimulate business opportunities, attract and retain businesses, and foster a favorable economic climate through collaborative efforts with federal, state, and local authorities.
Official website here: www.necog.org
Is Necog Development Corporation legitimate?
Necog Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Necog 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: $3,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.necog.org
What is the mission statement of Necog Development Corporation?
The mission of Necog Development Corporation is centered around promoting economic growth and job creation. They achieve this by providing federal and state funds to local businesses and industries, and offering assistance to help these businesses maintain and expand their workforce within the region. In essence, their goal is to stimulate business opportunities, foster economic development, and attract or retain businesses in northeast South Dakota, collaborating with various levels of government officials to achieve these objectives.
Official website here: www.necog.org
Who is the CEO of Necog Development Corporation?
Eric Senger is the Director of Necog Development Corporation.
Official website here: www.necog.org
What is the revenue of Necog Development Corporation?
Necog Development Corporation's revenue in 2022 was $372,735.
Official website here: www.necog.org
Who are the executives of Necog Development Corporation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.necog.org
Where can I find the form 990 for Necog Development Corporation?
Necog Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.necog.org
Learn more at the official website: www.necog.org
Mission Statement of Necog Development Corporation
Necog Development Corporation, a key player in economic development, is committed to loaning both federal and state funds to local businesses and industries. Their primary objective is to assist these businesses in creating and retaining jobs within the region. By engaging in such activities, Necog Development Corporation aims to stimulate business opportunities and attract or retain businesses in northeast South Dakota. The corporation fosters strong relationships with Federal, State, and local officials to achieve these goals and contribute to the overall economic growth of the region.
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Impact
October, 2024
Necog Development Corporation plays a significant role in fostering economic development in northeast South Dakota. By providing loans sourced from federal and state funds, it supports local businesses and industries, helping them grow and thrive. This financial assistance is instrumental in creating and retaining jobs within the region, directly impacting the local economy and community well-being.
The corporation acts as a bridge between businesses and various economic programs, facilitating opportunities that can stimulate job creation and business growth. Its efforts not only aim to attract new business ventures but also to nurture and retain existing ones, bolstering the overall economic landscape of the area. Through strategic partnerships with federal, state, and local officials, Necog Development Corporation enhances the ability of local businesses to succeed, contributing to a more robust and sustainable economic future for Aberdeen and the surrounding regions.
This information is meant to be a general summary of Necog 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: $2,144
- Program Service Revenue: $259,972
- Gross Receipts: $372,735
Assets and Liabilities:
- Total Assets: $6,251,917
- Total Liabilities: $1,367,119
- Net Assets: $4,884,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income on Loan
Revenue
$238,301
Loan Processing and Se
Revenue
$21,163
Other Fees
Revenue
$508
Organization Details
Founding Year
1994
Phone
(605) 626-2595Principal Officer
Eric Senger
Main Address
416 Production St N 1, Aberdeen, SD, 57401
Website
www.necog.orgNTEE Category
Code: W60 - Public benefit
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