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Osage Economic Betterment Company

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

EIN: 473978454 ✦ Osage, IA ✦ Designated as a 501(c)(4)

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Overview

What is Osage Economic Betterment Company?

The Osage Economic Betterment Company, based in Osage, Iowa, is a nonprofit organization with a mission to drive economic development. They achieve this by providing support to new businesses and aiding in the retention of existing ones. This can involve purchasing and renting out space to existing businesses to preserve jobs and creating opportunities for new enterprises to start up. Their primary objective is to stimulate job creation and contribute positively to the local economy. The company's address is 1429 MAIN STREET, OSAGE, IA, 50461.

Is Osage Economic Betterment Company legitimate?

Osage Economic Betterment Company is a legitimate nonprofit organization registered as a 501(c)(4) entity. Osage Economic Betterment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Osage Economic Betterment Company?

The Osage Economic Betterment Company's mission is centered around economic development. Their primary objective is to create job opportunities by providing assistance to new businesses and supporting existing ones. This could involve purchasing and renting out space to existing businesses to maintain jobs in the area and providing space for new businesses to start up. The company's actions aim to stimulate local economic growth and foster business development. Recently, the Osage Economic Betterment Company has made a significant stride by purchasing a building and establishing a rental arrangement with its first tenant.

Who is the CEO of Osage Economic Betterment Company?

Kevin Kolbet is the Director of Osage Economic Betterment Company.

What is the revenue of Osage Economic Betterment Company?

Osage Economic Betterment Company's revenue in 2023 was $180,407.

Who are the executives of Osage Economic Betterment Company and what are their salaries?

There 4 volunteers at Osage Economic Betterment Company.


Here are 4 key members and their salaries:


Jerry Dunlay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Taets (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Kolbet (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lou Ann Murphy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Osage Economic Betterment Company?

Osage Economic Betterment Company's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Osage Economic Betterment Company

The Osage Economic Betterment Company, as its name suggests, is dedicated to economic development. Its primary goal is to create job opportunities by providing assistance to new businesses and supporting existing ones. This mission can encompass various activities, such as purchasing property to rent out to existing businesses to preserve jobs in the area and offering space for new enterprises to commence operations. The company's efforts aim to foster a thriving business environment, thereby contributing to the local economy. As demonstrated by its recent action of purchasing a building and leasing it to its first tenant, the Osage Economic Betterment Company is actively engaged in carrying out its mission.

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Impact




October, 2024

Osage Economic Betterment Company's impact is significant in fostering economic development within Osage, Iowa. By focusing on the creation of jobs and supporting both new and existing businesses, the organization plays a vital role in local economic vitality. One of their key initiatives includes purchasing commercial space, which is then leased to businesses in the area. This not only helps maintain current jobs but also provides opportunities for new enterprises to establish themselves in the community.

Their activities contribute to a more robust local economy by ensuring that businesses have the support they need to thrive. The establishment of a rental space for a tenant is a clear example of their commitment to enhancing community improvement and fostering an environment conducive to economic growth. Through these efforts, Osage Economic Betterment Company helps create a sustainable ecosystem where businesses can flourish and jobs can be secured for local residents.




This information is meant to be a general summary of Osage Economic Betterment 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.

Revenue
$180,407 (2023)
Expenses
$65,198 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $180,407
  • Gross Receipts: $180,407

Assets and Liabilities:

  • Total Assets: $1,848,339
  • Total Liabilities: $312,901
  • Net Assets: $1,535,438

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FEES ON LAND DEVEL

Revenue

$100

INCUBATOR RENTAL SPACE

Revenue

$180,307

INTEREST ON LAND DEVEL

Organization Details

Founding Year

2014

Principal Officer

Kevin Kolbet

Main Address

1429 MAIN STREET, OSAGE, IA, 50461

NTEE Category

Code: S30 - Community improvement

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