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Lincoln County Economic Dev Foundation

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

EIN: 481207971 ✦ Lincoln, KS ✦ Designated as a 501(c)(3)

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Overview

What is Lincoln County Economic Dev Foundation?

The Lincoln County Economic Development Foundation is a nonprofit organization dedicated to fostering and promoting economic growth in Lincoln County, Kansas. To achieve this mission, they allocate a portion of their general expenses and disseminate the live Lincoln County circular. Their primary objective is to stimulate and bolster economic development within the county, contributing to its overall progress and prosperity.


Official website here: www.livelincolncounty.com

What do the Facebook reviews say about Lincoln County Economic Dev Foundation?

54% of reviewers on Facebook recommend the Lincoln County Economic Development Foundation. Here’s a look at their comments:

The reviews reveal a mix of sentiments, with some expressing hope for future ventures in the community, such as a restaurant or bakery. The aspiration of creating local businesses indicates that there are individuals who are looking to contribute positively to the economic landscape fostered by the foundation. However, the low recommendation rate suggests that there may be some dissatisfaction or unmet expectations regarding the foundation's support or initiatives.

Overall, while there are dreams and aspirations present among the reviews, it appears that many individuals are still waiting to see stronger results or engagement from the foundation in order to drive greater community growth and investment.


This AI summary has been generated from reviews found on Facebook.

Is Lincoln County Economic Dev Foundation legitimate?

Lincoln County Economic Dev Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln County Economic Dev Foundation 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: $59,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,171

For more financial information, click here


Official website here: www.livelincolncounty.com

What is the mission statement of Lincoln County Economic Dev Foundation?

The Lincoln County Economic Development Foundation's mission is centered around fostering and promoting economic growth in Lincoln County, Kansas. They accomplish this by setting aside a portion of their general expenditures and disseminating the Lincoln County circular, a live resource for potential investors and businesses. In essence, their goal is to stimulate economic activity and growth within the county, thereby improving its overall economic health and opportunities.


Official website here: www.livelincolncounty.com

Who is the CEO of Lincoln County Economic Dev Foundation?

Susan Wollesen is the Vice President of Lincoln County Economic Dev Foundation. The CEO's salary of Lincoln County Economic Dev Foundation is $0 and their total compensation is $0.


Official website here: www.livelincolncounty.com

What is the revenue of Lincoln County Economic Dev Foundation?

Lincoln County Economic Dev Foundation's revenue in 2022 was $189,950.


Official website here: www.livelincolncounty.com

Who are the executives of Lincoln County Economic Dev Foundation and what are their salaries?

The average compensation at Lincoln County Economic Dev Foundation during 2022 was $31,755. There are 3 employees and 5 volunteers at Lincoln County Economic Dev Foundation.


Here are 4 key members and their salaries (Lincoln County Economic Dev Foundation's CEO's salary is $0 and their total compensation is $0):


Kelly Gourley (Director)
  • Compensation: $59,095
  • Related: $0
  • Other: $4,800
Tim Meier (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Wollesen (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Rathbun (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.livelincolncounty.com

Where can I find the form 990 for Lincoln County Economic Dev Foundation?

Lincoln County Economic Dev Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.livelincolncounty.com

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

Mission Statement of Lincoln County Economic Dev Foundation

The Lincoln County Economic Development Foundation, abbreviated as LCEDF, is dedicated to fostering and promoting economic growth within Lincoln County, Kansas. To achieve this mission, the organization actively supports and contributes a portion of its general expenses towards economic advancement initiatives. Moreover, LCEDF enhances its influence by publishing the live Lincoln County circular, serving as a crucial resource and communication tool for the community. This circular likely includes information on local businesses, economic trends, and development opportunities, thereby contributing to the overall economic development of the county.

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Impact




October, 2024

The Lincoln County Economic Development Foundation plays a crucial role in fostering growth and prosperity in Lincoln County, Kansas. By allocating resources strategically to stimulate economic activity, it supports local businesses and attracts new investment to the region. The Foundation's efforts include producing the live Lincoln County circular, which promotes local events, resources, and opportunities, enhancing community engagement and awareness.

Through its initiatives, the Foundation encourages collaboration among local stakeholders, creating an environment conducive to economic development. This community-centric approach not only strengthens the local economy but also improves the quality of life for residents, making Lincoln County a vibrant place to live and work. Overall, the Foundation's impact is felt through increased job opportunities, enhanced local services, and a strong sense of community pride and involvement.




This information is meant to be a general summary of Lincoln County Economic Dev Foundation. 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
$189,950 (2022)
Expenses
$182,045 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,929
  • Program Service Revenue: $26,441
  • Gross Receipts: $189,950

Assets and Liabilities:

  • Total Assets: $849,023
  • Total Liabilities: $76,679
  • Net Assets: $772,344

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Programs

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

LOAN PROCESSING FEES

Revenue

$450

PROGRAM SERVICE INCOME

Revenue

$25,991

Organization Details

Founding Year

1998

Principal Officer

Susan Wollesen

Main Address

216 E LINCOLN AVE, LINCOLN, KS, 67455

NTEE Category

Code: S30 - Community improvement

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