Overview
What is Wyandotte Economic Development Council Inc?
Wyandotte Economic Development Council Inc, based in Kansas City, Kansas, is a nonprofit organization dedicated to enhancing the local economy. They partner with organizations to support small businesses, particularly those owned by minorities and women, by offering resources and opportunities through webinars, roundtables, and events. In 2021, their Empower Wyco Fund, in collaboration with Network Kansas, approved loans for 21 businesses, totaling $304,000, to aid in various business needs. The Workforce Solutions Group also fine-tuned their Business ESL program, offering on-site English training to three businesses and 45 employees. Their mission is to promote and strengthen Wyandotte County's economy through innovative approaches to programs, partnerships, and leadership in industrial, residential, office, and retail markets. They have a workforce of four individuals.
Official website here: www.wyedc.org
Is Wyandotte Economic Development Council Inc legitimate?
Wyandotte Economic Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wyandotte Economic Development Council 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: $241,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,350
For more financial information, click here
Official website here: www.wyedc.org
What is the mission statement of Wyandotte Economic Development Council Inc?
The Wyandotte Economic Development Council Inc's mission is centered around promoting and strengthening the economy of its respective county. They achieve this through innovative approaches in programs, partnerships, and leadership, specifically in the industrial, residential, office, and retail markets. The council's activities aim to enhance the county's economic landscape by supporting vulnerable small businesses, particularly those owned by local, minority, and women entrepreneurs. This year, they partnered with the Mid-America Regional Council on an Economic Development Administration grant, providing resources and opportunities through webinars, roundtables, and events. Additionally, they collaborated with Network Kansas to establish the Empower Wyco Fund, offering approved loans to 21 businesses, totalling $304,000. The funds were utilized for various purposes such as equipment, inventory, repairs, and working capital. Furthermore, the Workforce Solutions Group refined the Business ESL Program in 2022, providing on-site ESL training to improve communication and safety, and upskill employees in three businesses and 45 individuals.
Official website here: www.wyedc.org
Who is the CEO of Wyandotte Economic Development Council Inc?
Gregory S Kindle is the President of Wyandotte Economic Development Council Inc.
Official website here: www.wyedc.org
What is the revenue of Wyandotte Economic Development Council Inc?
Wyandotte Economic Development Council Inc's revenue in 2022 was $971,310.
Official website here: www.wyedc.org
Who are the executives of Wyandotte Economic Development Council Inc and what are their salaries?
The average compensation at Wyandotte Economic Development Council Inc during 2022 was $77,017. There are 4 employees at Wyandotte Economic Development Council Inc.
Here are 18 key members and their salaries:
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Official website here: www.wyedc.org
Where can I find the form 990 for Wyandotte Economic Development Council Inc?
Wyandotte Economic Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wyedc.org
Learn more at the official website: www.wyedc.org
Mission Statement of Wyandotte Economic Development Council Inc
Wyandotte Economic Development Council Inc, a prominent organization, is committed to promoting and strengthening Wyandotte County's economy. They achieve this goal through innovative approaches to programs, partnerships, and leadership in various markets, including industrial, residential, office, and retail. The council's mission is to foster a conducive environment for businesses, encouraging growth and development in the county.
In the pursuit of its mission, Wyandotte Economic Development Council Inc has undertaken several initiatives. One such initiative was a partnership with the Mid-America Regional Council on an Economic Development Administration grant. This collaboration aimed to support small businesses that were most vulnerable due to the economic downturn, thereby expanding Wyandotte County's small business ecosystem. The program focused on local, minority, and woman-owned businesses, offering them resources and opportunities through webinars, roundtables, and events.
Additionally, the council collaborated with Network Kansas to create the Empower Wyco Fund. This fund aimed to increase funding for socially-disadvantaged populations, approving loans for 21 businesses totaling $304,000. The loan funds could be used for various purposes, such as equipment, inventory, repairs, building purchases, infrastructure, refinancing existing building debt, and working capital. Furthermore, in 2022, the Workforce Solutions Group worked to fine-tune the Business ESL Program, providing on-site ESL training to improve communication and safety and upskill employees at three businesses and 45 employees.
In summary, Wyandotte Economic Development Council Inc is an organization dedicated to promoting and strengthening Wyandotte County's economy through innovative approaches to programs, partnerships, and leadership. Their initiatives, such as the partnership with the Mid-America Regional Council and the Empower Wyco Fund, demonstrate their commitment to supporting small businesses and fostering economic growth in the county.
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Impact
October, 2024
Wyandotte Economic Development Council Inc. has significantly impacted the local economy by implementing innovative programs and fostering partnerships aimed at strengthening various market sectors, including industrial, residential, office, and retail. This year, the organization collaborated with the Mid-America Regional Council to secure an Economic Development Administration grant that supports small businesses, particularly those vulnerable due to economic downturns.
The initiative focuses on empowering local, minority, and woman-owned businesses through webinars, roundtables, and events that introduce them to valuable resources at local, regional, and state levels. The Empower WYCO Fund, created in partnership with Network Kansas, has also made a notable impact by approving loans totaling $304,000 for 21 businesses. These loans have been vital for funding equipment, inventory, repairs, building purchases, infrastructure, refinancing existing debt, and essential working capital.
Additionally, the Workforce Solutions Group addressed workforce needs by refining the Business ESL program, which provided on-site English as a Second Language training. This program aimed to improve communication, safety, and skills development, ultimately benefiting 45 employees across three businesses.
In summary, Wyandotte Economic Development Council Inc. plays a crucial role in promoting and enhancing the economic landscape of Wyandotte County, contributing directly to the growth and sustainability of its small business ecosystem and workforce development efforts.
This information is meant to be a general summary of Wyandotte Economic Development Council 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $847
- Program Service Revenue: $938,579
- Gross Receipts: $971,310
Assets and Liabilities:
- Total Assets: $654,164
- Total Liabilities: $30,305
- Net Assets: $623,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT FUNDING
Revenue
$350,000
PRIVATE SECTOR MEMBERSHIPS
Revenue
$220,500
WORKFORCE SOLUTIONS
Revenue
$204,785
GOVERNMENTAL MEMBERSHIPS
Revenue
$150,000
SPONSORSHIPS
Revenue
$9,450
Organization Details
Founding Year
1991
Phone
(913) 371-3198Principal Officer
Gregory S Kindle
Main Address
727 MINNESOTA AVENUE, KANSAS CITY, KS, 66101
Website
www.wyedc.orgNTEE Category
Code: S30 - Community improvement
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