Overview
What is Watertown Development Company?
Watertown Development Company is a nonprofit organization with a mission focused on economic development in the Watertown, South Dakota area. Their primary objective is to foster growth and prosperity within their community, though specific details about their activities and initiatives are not provided in the information given.
Official website here: www.watertownworks.com
Is Watertown Development Company legitimate?
Watertown Development Company is a legitimate nonprofit organization registered as a 501(c)(6) entity. Watertown Development Company 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: $148,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,033
For more financial information, click here
Official website here: www.watertownworks.com
What is the mission statement of Watertown Development Company?
The Watertown Development Company is dedicated to fostering economic growth in its operational area. Their primary objective is to promote economic development, without specifying the exact location. The company does not provide a detailed mission statement in the given data, but it can be inferred that they aim to contribute positively to the economic landscape through various developmental initiatives.
Official website here: www.watertownworks.com
Who is the CEO of Watertown Development Company?
Michelle Kakacek is the Chairman of Watertown Development Company.
Official website here: www.watertownworks.com
What is the revenue of Watertown Development Company?
Watertown Development Company's revenue in 2022 was $1,539,881.
Official website here: www.watertownworks.com
Who are the executives of Watertown Development Company and what are their salaries?
The average compensation at Watertown Development Company during 2022 was $49,557. There are 5 employees and 17 volunteers at Watertown Development Company.
Here are 17 key members and their salaries:
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- Compensation: $89,038
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- Compensation: $59,712
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Official website here: www.watertownworks.com
Where can I find the form 990 for Watertown Development Company?
Watertown Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.watertownworks.com
Learn more at the official website: www.watertownworks.com
Mission Statement of Watertown Development Company
Watertown Development Company, as its name suggests, is dedicated to driving economic growth in its respective area. The organization's mission is centered around stimulating development and fostering a prosperous economy within Watertown, SD. While the provided information does not offer specific details about the methods or initiatives employed by Watertown Development Company, it is evident that their focus lies in promoting economic development.
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Impact
October, 2024
Watertown Development Company plays a crucial role in driving economic development in the Watertown, SD area. By focusing on community improvement, the organization fosters a conducive environment for business growth and innovation. This includes attracting new businesses, supporting local entrepreneurs, and enhancing the overall quality of life for residents. Their initiatives not only stimulate the local economy but also create job opportunities and strengthen the community's infrastructure. Through collaborative efforts with various stakeholders, Watertown Development Company contributes significantly to the region's long-term prosperity and sustainability.
This information is meant to be a general summary of Watertown Development Company. 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: $280,320
- Program Service Revenue: $1,074,660
- Gross Receipts: $1,539,881
Assets and Liabilities:
- Total Assets: $26,777,594
- Total Liabilities: $19,629,312
- Net Assets: $7,148,282
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
QUALIFYING RENT INCOME
Revenue
$1,074,660
Organization Details
Founding Year
1947
Phone
(605) 884-0340Principal Officer
Michelle Kakacek
Main Address
PO BOX 332, WATERTOWN, SD, 57201
Website
www.watertownworks.comNTEE Category
Code: S31 - Community improvement
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