Overview
What is Mcic Sinter Property?
Mcic Sinter Property is a nonprofit organization established with the primary purpose of promoting industrial, economic, commercial, and civic development within Morgan County, Ohio, and its municipal corporations. The organization acts as a designated agency to facilitate industrial, commercial, distribution, and research development within the specified political subdivision, in accordance with Section 1724.10 of the Revised Code. To achieve its objectives, the organization provides real property for an industrial building, partly financed by loans and grants from the State of Ohio. This financing strategy enables Mcic Sinter Property to offer loans with lower than standard interest rates and secure grants, thereby benefiting the company leasing the industrial building by allowing them to pay lower lease payments and providing an incentive to establish operations in Morgan County, ultimately contributing to reduced unemployment and job creation in the local economy. Additionally, Mcic Sinter Property has the right to raise and expend funds for community projects in Morgan County, furthering its mission to advance development within the region.
Is Mcic Sinter Property legitimate?
Mcic Sinter Property is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mcic Sinter Property 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:
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For more financial information, click here
What is the mission statement of Mcic Sinter Property?
Mcic Sinter Property was formed with the primary objective of promoting industrial, economic, commercial, and civic development within its jurisdiction. This is achieved by acting as the designated agency for the relevant local authorities, facilitating industrial, commercial, distribution, and research development in compliance with specific laws. The corporation provides real estate for an industrial building, partly funded by loans and grants from the state. It also has the authority to raise funds and expend them on community projects, benefiting from lower interest rates and grants to finance the real estate, which ultimately aids in the development of the area.
Who is the CEO of Mcic Sinter Property?
Kelsey Wells is the Board Member of Mcic Sinter Property.
What is the revenue of Mcic Sinter Property?
Mcic Sinter Property's revenue in 2022 was $329,690.
Who are the executives of Mcic Sinter Property and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Mcic Sinter Property?
Mcic Sinter Property's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcic Sinter Property
Mcic Sinter Property, as a corporation, is established with a primary objective to foster and encourage the industrial, economic, commercial, and civic growth of the County of Morgan and its municipal corporations. Acting as a designated agency for the county, municipal corporations, or a combination of both, Mcic Sinter Property promotes development in these areas, adhering to Section 1724.10 of the Revised Code. The corporation's mission also involves providing real property for an industrial building, which is financed in part by loans and grants from the State of Ohio. By obtaining loans with lower-than-standard interest rates and grants from the state, Mcic Sinter Property enables the financing of real property, thereby contributing to the overall development of the community in Morgan County, Ohio. The corporation further expands its purpose by having the authority to raise and expend funds for community projects in Morgan County.
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Impact
October, 2024
Mcic Sinter Property significantly impacts the economic landscape of Morgan County, Ohio, by fostering industrial and commercial development. By acting as a designated agency for the county and local municipalities, it facilitates vital projects aimed at enhancing economic opportunities within the region.
One of the key contributions of Mcic Sinter Property is its ability to secure funding through loans at lower-than-standard interest rates and grants from the State of Ohio. This financial support allows for the construction of industrial buildings that attract businesses to the area. By offering competitively priced lease options to companies, Mcic Sinter Property incentivizes them to establish operations in Morgan County, ultimately leading to job creation and a reduction in local unemployment rates.
Furthermore, the organization's commitment extends to community projects, as it has the authority to raise funds and allocate them toward initiatives that benefit Morgan County residents. This multifaceted approach not only promotes industrial growth but also fosters an environment that encourages civic engagement and community improvement.
In summary, Mcic Sinter Property plays a crucial role in transforming the economic framework of Morgan County by stimulating industrial activity, enhancing employment opportunities, and supporting initiatives that contribute to the overall well-being of the community.
This information is meant to be a general summary of Mcic Sinter Property. 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: $1,451
- Program Service Revenue: $328,239
- Gross Receipts: $329,690
Assets and Liabilities:
- Total Assets: $9,750,161
- Total Liabilities: $3,376,225
- Net Assets: $6,373,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMERCIAL REAL ESTATE
Revenue
$328,239
Organization Details
Founding Year
2008
Phone
(740) 962-6772Principal Officer
Kelsey Wells
Main Address
155 E MAIN STREET ROOM 135 STE B, MCCONNELSVILLE, OH, 43756
NTEE Category
Code: S20 - Community improvement
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