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Develop America Inc

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

EIN: 472521449 ✦ Shorewood, WI ✦ Designated as a 501(c)(3)

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Overview

What is Develop America Inc?

Develop America Inc is a nonprofit organization situated in Shorewood, Wisconsin. Its primary mission is to assist small business owners who have faced barriers to capital and have been disproportionately impacted by the COVID-19 pandemic. By developing and enhancing business development ecosystems in Wisconsin, the organization aims to provide these entrepreneurs with the necessary resources, support, networks, and access to markets to facilitate their growth. With a team of three dedicated individuals, Develop America Inc strives to foster strong economic growth in communities through vibrant business ecosystems.


Official website here: www.developwisconsin.com

Is Develop America Inc legitimate?

Develop America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Develop America 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: $157,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,809

For more financial information, click here


Official website here: www.developwisconsin.com

What is the mission statement of Develop America Inc?

Develop America Inc's mission is to establish and enhance business development ecosystems, making it more efficient for entrepreneurs to access necessary resources, support, networks, and market opportunities. This initiative aims to foster strong economic growth in communities. The organization provides assistance to small businesses, particularly those owned by individuals who have faced barriers to capital and have been disproportionately affected by the COVID-19 pandemic.


Official website here: www.developwisconsin.com

Who is the CEO of Develop America Inc?

Damon Dorrsey is the Executive Director of Develop America Inc.


Official website here: www.developwisconsin.com

What is the revenue of Develop America Inc?

Develop America Inc's revenue in 2022 was $742,745.


Official website here: www.developwisconsin.com

Who are the executives of Develop America Inc and what are their salaries?

The average compensation at Develop America Inc during 2022 was $63,139. There are 3 employees at Develop America Inc.


Here are 5 key members and their salaries:


Damon Dorsey (Executive Director)
  • Compensation: $130,000
  • Related: $0
  • Other: $0
Pauline Grant-Jones (Treasurer)
  • Compensation: $76,200
  • Related: $0
  • Other: $0
Maya Hammouri (Chief Operating Officer)
  • Compensation: $27,609
  • Related: $0
  • Other: $0
Maria Dorsey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roxanne Williams (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.developwisconsin.com

Where can I find the form 990 for Develop America Inc?

Develop America Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.developwisconsin.com

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

Mission Statement of Develop America Inc

Develop America Inc, with its mission, aims to build and develop business development ecosystems more effectively and efficiently. This nonprofit organization strives to provide business owners with the necessary resources, support, networks, and access to markets they require to grow. By fostering vibrant business ecosystems, Develop America Inc contributes to strong economic growth within communities. In addition, the organization extends its assistance specifically to small businesses owned by individuals who have faced barriers to capital and have been disproportionately impacted by the COVID-19 pandemic.

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Impact




July, 2024

Develop America Inc, through its Develop Wisconsin initiative, plays a crucial role in building and developing business development ecosystems in order to provide small business owners with essential resources, support, networks, and access to markets. By focusing on assisting businesses owned by individuals who have faced barriers to capital and have been disproportionately affected by the COVID-19 pandemic, Develop America Inc is contributing to the resilience and growth of local economies, particularly in Wisconsin. The organization's work not only supports individual business owners but also contributes to the overall economic vitality of communities by fostering vibrant business ecosystems that drive economic growth.




This information is meant to be a general summary of Develop America 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.

Revenue
$742,745 (2022)
Expenses
$300,609 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $742,745

Assets and Liabilities:

  • Total Assets: $516,117
  • Total Liabilities: $73,981
  • Net Assets: $442,136

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Organization Details

Principal Officer

Damon Dorrsey

Main Address

PO BOX 11661, SHOREWOOD, WI, 53211

NTEE Category

Code: W30 - Public benefit

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