Overview
What is Southeast Economic Development Fund Inc?
Southeast Economic Development Fund Inc is a nonprofit organization situated in Park Hills, Missouri. Their primary mission is to support low-income individuals by providing business advisory services and loan products to businesses that are either owned or employ such individuals. Established with a loan fund, their goal is to maintain or create employment opportunities for this demographic, thereby contributing to the economic development of the community.
Official website here: www.semodevelopment.org
Is Southeast Economic Development Fund Inc legitimate?
Southeast Economic Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Economic Development Fund 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,862
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Official website here: www.semodevelopment.org
What is the mission statement of Southeast Economic Development Fund Inc?
The Southeast Economic Development Fund Inc's mission is centered around fostering employment opportunities for low-income individuals. They achieve this by offering business advisory services and providing loan products to businesses that are either owned by or employ low-income individuals. By establishing a loan fund, the organization aims to support these businesses, thereby contributing to the continuation of employment for this demographic. The Fund's activities are geared towards empowering these businesses, thereby aiding in the economic growth and stability of the individuals involved.
Official website here: www.semodevelopment.org
What is the revenue of Southeast Economic Development Fund Inc?
Southeast Economic Development Fund Inc's revenue in 2024 was $232,874.
Official website here: www.semodevelopment.org
Who are the executives of Southeast Economic Development Fund Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.semodevelopment.org
Where can I find the form 990 for Southeast Economic Development Fund Inc?
Southeast Economic Development Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.semodevelopment.org
Learn more at the official website: www.semodevelopment.org
Mission Statement of Southeast Economic Development Fund Inc
Southeast Economic Development Fund Inc is committed to supporting low-income individuals by aiding businesses that are either owned or employ them. This is achieved through the provision of business advisory services and loan products. The organization's mission is to create or maintain employment opportunities for this demographic, thereby contributing to their overall well-being and financial stability. To accomplish this, Southeast Economic Development Fund Inc has established a loan fund, which offers business advisory and loan services to enterprises that are operated by low-income individuals or intend to hire them. This initiative aims to empower these businesses, enabling them to grow and provide sustainable employment opportunities in their communities.
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Impact
October, 2024
Southeast Economic Development Fund Inc significantly contributes to the economic landscape by focusing on employment opportunities for low-income individuals. It achieves this by providing targeted business advisory services and loan products aimed at supporting businesses owned by or employing low-income individuals.
By establishing a dedicated loan fund, the organization empowers small businesses, enabling them to thrive and create jobs. This strategic focus not only helps sustain current employment but also fosters the growth of new opportunities within the community. The impact is felt directly in Park Hills, MO, where the efforts lead to enhanced community improvement and economic stability for vulnerable populations. Through its initiatives, Southeast Economic Development Fund Inc plays a crucial role in building a more robust and inclusive local economy.
This information is meant to be a general summary of Southeast Economic Development Fund 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 2024.
- Investment Income: $12,421
- Program Service Revenue: $30,072
- Gross Receipts: $232,874
Assets and Liabilities:
- Total Assets: $670,455
- Total Liabilities: $0
- Net Assets: $670,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$30,072
Organization Details
Founding Year
2013
Principal Officer
Denis Moore
Website
www.semodevelopment.orgNTEE Category
Code: S80 - Community improvement
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