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Spooner Development Corporation

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

EIN: 463284417 ✦ Spooner, WI ✦ Designated as a 501(c)(3)

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Overview

What is Spooner Development Corporation?

The Spooner Development Corporation is a nonprofit organization situated in Spooner, with a primary objective of fostering business expansion and the creation of new employment opportunities within the city. They achieve this goal by serving as an intermediary for securing private financing and, if necessary, temporarily managing acquired businesses to ensure their growth and success.

Is Spooner Development Corporation legitimate?

Spooner Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spooner Development Corporation submitted a form 990EZ, 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.

What is the mission statement of Spooner Development Corporation?

The Spooner Development Corporation's mission is centered around fostering business expansion and the creation of employment opportunities. They achieve this by serving as a facilitator for private financing and, if necessary, temporarily taking over businesses. Their primary goal is to stimulate industry growth within their operations.

Who is the CEO of Spooner Development Corporation?

David Masterjohn is the President of Spooner Development Corporation.

What is the revenue of Spooner Development Corporation?

Spooner Development Corporation's revenue in 2020 was $11,134.

Who are the executives of Spooner Development Corporation and what are their salaries?


Here are 4 key members and their salaries:


David Masterjohn (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Reedy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daryl Gabriel (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Reiter (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Spooner Development Corporation?

Spooner Development Corporation's most recent form 990EZ was submitted in 2020 and can be accessed here.

Mission Statement of Spooner Development Corporation

Spooner Development Corporation, as a mission-driven organization, is committed to fostering business expansion and the creation of job opportunities within the city. By serving as an intermediary for private financing, this corporation plays a significant role in promoting industry growth. Should the need arise, Spooner Development Corporation is prepared to assume temporary ownership of businesses, demonstrating its dedication to revitalizing the local economy. In essence, the organization's mission is to drive business growth and employment, thereby bolstering the city's industry landscape.

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Impact




August, 2024

Spooner Development Corporation plays a crucial role in promoting business growth and job creation in the city of Spooner, Wisconsin. By acting as a conduit for private financing and even taking temporary ownership of businesses acquired, the organization facilitates industry growth and economic development in the region. Their efforts have a direct impact on the local economy by attracting businesses, creating job opportunities, and fostering a more prosperous community in Spooner.




This information is meant to be a general summary of Spooner 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
$11,134 (2020)
Expenses
$8,022 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $18
  • Gross Receipts: $11,134

Assets and Liabilities:

  • Total Assets: $120,590
  • Total Liabilities: $0
  • Net Assets: $120,590

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Organization Details

Principal Officer

David Masterjohn

Main Address

PO BOX 548, SPOONER, WI, 54801

NTEE Category

Code: P20 - Human services

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