Overview
What is Corsica Inc?
Corsica Inc is a nonprofit organization dedicated to promoting community growth and development. They specialize in leasing and selling property to businesses looking to establish operations within the community. Currently, they have several properties available for purchase by potential buyers. Additionally, Corsica Inc offers low-interest loans to companies and individuals planning to operate within the community. At present, they are providing financial assistance to one such business. The organization's primary goal is to foster growth and development within the community, thereby creating a prosperous environment for local businesses.
Is Corsica Inc legitimate?
Corsica Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Corsica Inc 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.
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What is the mission statement of Corsica Inc?
Corsica Inc, as an organization, is dedicated to promoting community growth and development. They achieve this by leasing and selling property to businesses seeking to establish operations within the community. At present, they have several properties available for purchase by prospective buyers. Furthermore, Corsica Inc also extends low-interest loans to companies and individuals planning to operate within the community. As of now, they are providing financial assistance to one such business. The primary objective of their activities is to facilitate the growth and development of the community through business operations.
Who is the CEO of Corsica Inc?
Luke Bamberg is the President of Corsica Inc.
What is the revenue of Corsica Inc?
Corsica Inc's revenue in 2022 was $89,972.
Who are the executives of Corsica Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Corsica Inc?
Corsica Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corsica Inc
Corsica Inc, a community development organization, is committed to fostering growth within its locale. Its mission is twofold: firstly, it leases and sells property to businesses seeking to establish operations within the community. Currently, the organization has several properties available for purchase by prospective buyers. Secondly, Corsica Inc extends low-interest loans to companies and individuals planning to operate within the community. At present, it is providing financial assistance to one such business. By engaging in these activities, Corsica Inc contributes to the overall development and expansion of the community.
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Impact
October, 2024
Corsica Inc plays a crucial role in fostering community growth and development in Corsica, South Dakota. By leasing and selling properties to businesses, the organization encourages enterprise and entrepreneurship in the area, which can lead to increased job creation and economic vitality.
The organization actively holds various properties for sale, making it easier for prospective buyers to establish a presence in the community. Additionally, Corsica Inc provides low-interest loans to individuals and businesses that are willing to invest in the local economy, further incentivizing development and collaboration. Currently, they are supporting at least one business through their loan program, demonstrating a hands-on approach to nurturing economic activity.
Through these efforts, Corsica Inc not only enhances the commercial landscape of the community but also contributes significantly to its overall economic health and sustainability, promoting a thriving local environment. Their activities directly lead to improved opportunities for residents and businesses alike, enhancing community improvement efforts across Corsica.
This information is meant to be a general summary of Corsica Inc. 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: $65,674
- Program Service Revenue: $24,298
- Gross Receipts: $286,115
Assets and Liabilities:
- Total Assets: $541,008
- Total Liabilities: $204,591
- Net Assets: $336,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING/LAND LEASE
Revenue
$24,298
Organization Details
Founding Year
1993
Phone
(605) 946-5888Principal Officer
Luke Bamberg
Main Address
PO BOX 131, CORSICA, SD, 57328
NTEE Category
Code: S30 - Community improvement
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