Hastings Economic Development Corp

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

EIN: 470551577 ✦ Hastings, NE ✦ Designated as a 501(c)(4)

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Overview

What is Hastings Economic Development Corp?

Hastings Economic Development Corp is a nonprofit organization based in Hastings, Nebraska. Their primary mission is to foster economic growth and job opportunities in the area by attracting new industries and expanding existing ones. They aim to contribute positively to various aspects of the city's welfare, including commercial, educational, social, and civic development. With a team of three dedicated individuals, they strive to advance the prosperity of Hastings and its surrounding territory.


Official website here: www.hastingsedc.com

Is Hastings Economic Development Corp legitimate?

Hastings Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Hastings Economic Development Corp 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,928

For more financial information, click here


Official website here: www.hastingsedc.com

What is the mission statement of Hastings Economic Development Corp?

The Hastings Economic Development Corp's mission is geared towards promoting and enhancing various aspects of a specific city's well-being. This encompasses economic, commercial, educational, social, civic, and general prosperity. The corporation actively works towards the advancement of existing industries and the attraction of new ones to the area, thereby creating new job opportunities and stimulating economic growth.


Official website here: www.hastingsedc.com

Who is the CEO of Hastings Economic Development Corp?

Michael Krings is the President of Hastings Economic Development Corp.


Official website here: www.hastingsedc.com

What is the revenue of Hastings Economic Development Corp?

Hastings Economic Development Corp's revenue in 2022 was -$1,351,105.


Official website here: www.hastingsedc.com

Who are the executives of Hastings Economic Development Corp and what are their salaries?

The average compensation at Hastings Economic Development Corp during 2022 was $47,643. There are 3 employees at Hastings Economic Development Corp.


Here are 27 key members and their salaries:


Travis Turek (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Kvols (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Barber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Harling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corey Stutte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Redline (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Hartmann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Coil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hitesman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hemje (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Haussler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Brandt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Bassett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mikki Shafer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Sterling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Waddle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Fong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Nuemann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Lloyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Schneider (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Anstine (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Brandt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Mertens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Krings (Executive Director)
  • Compensation: $127,200
  • Related: $0
  • Other: $0


Official website here: www.hastingsedc.com

Where can I find the form 990 for Hastings Economic Development Corp?

Hastings Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hastingsedc.com

Learn more at the official website: www.hastingsedc.com

Mission Statement of Hastings Economic Development Corp

The Hastings Economic Development Corporation, with a mission that is both ambitious and far-reaching, is committed to fostering advancement, encouragement, promotion, and stimulation in various aspects of the community's economic, commercial, educational, social, civic, and general welfare in Nebraska and its surrounding territory. At its core, the corporation's mission is to drive industrial expansion, attracting new businesses to the area. This initiative creates new job opportunities and sparks economic growth, thereby enhancing the overall prosperity of the community.

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Impact




October, 2024

The Hastings Economic Development Corp plays a vital role in enhancing the economic landscape of Hastings, Nebraska. Through initiatives aimed at promoting industrial expansion, the organization actively attracts new industries to the area, which in turn fosters job creation and stimulates economic growth. By focusing on advancing the commercial, social, and civic welfare of the community, the Corp supports a thriving environment that benefits both residents and businesses.

Their efforts contribute to improved employment opportunities, which ultimately enhances the quality of life for individuals in Hastings and its surrounding territory. By stimulating economic activity and encouraging investment, the Hastings Economic Development Corp is instrumental in shaping a prosperous future for the region.




This information is meant to be a general summary of Hastings Economic Development Corp. 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
-$1,351,105 (2022)
Expenses
$429,271 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,620,324
  • Program Service Revenue: $12,895
  • Gross Receipts: $633,275

Assets and Liabilities:

  • Total Assets: $6,633,395
  • Total Liabilities: $145,883
  • Net Assets: $6,487,512

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Organization Details

Founding Year

1973

Principal Officer

Michael Krings

Main Address

PO BOX 1104, HASTINGS, NE, 68902

NTEE Category

Code: S30 - Community improvement

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