Oberlin-Decatur Area Economic Development Corp

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

EIN: 481029238 ✦ Oberlin, KS ✦ Designated as a 501(c)(6)

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Overview

What is Oberlin-Decatur Area Economic Development Corp?

Oberlin-Decatur Area Economic Development Corp is a nonprofit organization situated in Oberlin, Kansas, at 124 S PENN AVE. Their primary mission is to foster economic growth in Decatur County and contribute to community service. They achieve this by providing financial assistance and services to local businesses, aiming to facilitate their growth and development. With a team of 17 dedicated individuals, the organization operates with the goal of enhancing the economic landscape and bettering the community in Decatur County.

Is Oberlin-Decatur Area Economic Development Corp legitimate?

Oberlin-Decatur Area Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Oberlin-Decatur Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,669

For more financial information, click here

What is the mission statement of Oberlin-Decatur Area Economic Development Corp?

The Oberlin-Decatur Area Economic Development Corp has a mission aimed at supporting the local economy and community service in Decatur County. Specifically, they provide financial assistance and services to local businesses to aid in their growth. Additionally, they undertake community-building activities and initiatives. In essence, their purpose is to foster economic growth and contribute positively to the community.

What is the revenue of Oberlin-Decatur Area Economic Development Corp?

Oberlin-Decatur Area Economic Development Corp's revenue in 2024 was $430,828.

Who are the executives of Oberlin-Decatur Area Economic Development Corp and what are their salaries?

The average compensation at Oberlin-Decatur Area Economic Development Corp during 2024 was $3,926. There are 18 employees and 150 volunteers at Oberlin-Decatur Area Economic Development Corp.

Here are 7 key members and their salaries:


Bryan Richards (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Burmaster (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Richards (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alvera Bruggeman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Hackney (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bailey Bruggeman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Anderson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Oberlin-Decatur Area Economic Development Corp?

Oberlin-Decatur Area Economic Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Oberlin-Decatur Area Economic Development Corp

The Oberlin-Decatur Area Economic Development Corp is an organization dedicated to aiding Decatur County in its local economic growth and community service. Central to their mission is the provision of financial support and resources to local businesses, aiming to foster their growth. Additionally, the corporation plays a significant role in organizing and executing community-building activities. By offering both monetary assistance and community services, the Oberlin-Decatur Area Economic Development Corp contributes to the overall development and well-being of Decatur County.

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Impact




October, 2024

The Oberlin-Decatur Area Economic Development Corp significantly impacts the Decatur County region by fostering local economic growth and enhancing community services. By providing monetary support and essential services to local businesses, it helps stimulate job creation and encourages entrepreneurial ventures. Additionally, the organization plays a crucial role in organizing community building activities that strengthen the social fabric of the area. Its focus on community improvement not only aids existing businesses but also attracts new investments, ultimately leading to a more vibrant and economically resilient Decatur County.




This information is meant to be a general summary of Oberlin-Decatur Area 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
$430,828 (2024)
Expenses
$392,272 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $6,743
  • Gross Receipts: $430,828

Assets and Liabilities:

  • Total Assets: $1,328,552
  • Total Liabilities: $89,083
  • Net Assets: $1,239,469

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Organization Details

Founding Year

1992

Principal Officer

Alvera Bruggeman

NTEE Category

Code: S20 - Community improvement

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