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Heartland State Economic Development Corporation

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

EIN: 460986435 ✦ Waterloo, IA ✦ Designated as a 501(c)(3)

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Overview

What is Heartland State Economic Development Corporation?

Heartland State Economic Development Corporation serves as a supportive resource for small businesses. Based on the provided information, their primary mission is to assist these businesses in their initial stages and facilitate their growth. They achieve this goal by offering management assistance programs, which aim to empower small businesses and help them thrive. This nonprofit organization is committed to aiding these entities in achieving success, thereby contributing positively to the local economy.

Is Heartland State Economic Development Corporation legitimate?

Heartland State Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heartland State 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: $42,000

For more financial information, click here

What is the mission statement of Heartland State Economic Development Corporation?

The Heartland State Economic Development Corporation is committed to assisting small businesses in their journey to commence operations and expand. Their mission is to support these businesses in their quest for success through the provision of management guidance programs. By offering these services, the corporation aims to aid small businesses in overcoming challenges and thriving.

What is the revenue of Heartland State Economic Development Corporation?

Heartland State Economic Development Corporation's revenue in 2023 was $88,774.

Who are the executives of Heartland State Economic Development Corporation and what are their salaries?

The average compensation at Heartland State Economic Development Corporation during 2023 was $31,500.

Here are 3 key members and their salaries:


James B O'Regan (Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Barloon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Heartland State Economic Development Corporation?

Heartland State Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Heartland State Economic Development Corporation

Heartland State Economic Development Corporation, a nonprofit organization, is dedicated to assisting small businesses in their journey towards establishment and growth. Their mission is to provide management support programs that aid these businesses in achieving success. By offering assistance in starting up and expanding operations, Heartland State Economic Development Corporation seeks to empower small businesses, helping them navigate the challenges they may encounter on their path to success.

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Impact




October, 2024

Heartland State Economic Development Corporation plays a significant role in fostering economic growth within the Waterloo, IA community by providing essential support to small businesses. By assisting entrepreneurs in starting and expanding their operations, the organization contributes to the vitality of the local economy.

Through comprehensive management support programs, businesses gain access to valuable resources that help them navigate challenges and sustain growth. This support not only enhances individual business success but also stimulates job creation, increases local investments, and improves overall community well-being. The focus on small business development underscores Heartland's commitment to community improvement, positioning it as a key player in driving economic sustainability and resilience in the region.




This information is meant to be a general summary of Heartland State 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.

Revenue
$88,774 (2023)
Expenses
$59,542 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $11
  • Gross Receipts: $1,920,508

Assets and Liabilities:

  • Total Assets: $144,227
  • Total Liabilities: $111,041
  • Net Assets: $33,186

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Organization Details

Founding Year

2012

Principal Officer

James B O'Regan

NTEE Category

Code: S30 - Community improvement

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