Overview
What is Herrin Community Council?
The Herrin Community Council, situated in Herrin, Illinois, is a dedicated nonprofit organization. Its primary mission revolves around fostering growth in the community by providing low-interest business loans. This initiative aims to stimulate local economic development and empower businesses within Herrin, thereby contributing to its overall prosperity.
Is Herrin Community Council legitimate?
Herrin Community Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Herrin Community Council 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:
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What is the mission statement of Herrin Community Council?
The Herrin Community Council's mission is centered around fostering growth. In pursuit of this objective, the council administers low-interest business loans, thereby contributing to the economic development of the community. By providing financial assistance to local businesses, the council aims to stimulate economic activity and improve the overall well-being of the community. The council's initiatives contribute to creating a sustainable and thriving environment, thereby enriching the lives of its residents.
What is the revenue of Herrin Community Council?
Herrin Community Council's revenue in 2024 was $122,293.
Who are the executives of Herrin Community Council and what are their salaries?
There 1 volunteer at Herrin Community Council.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Herrin Community Council?
Herrin Community Council's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Herrin Community Council
Herrin Community Council, a nonprofit organization, is dedicated to fostering growth in Herrin, Illinois. They accomplish this mission by providing low-interest business loans. By administering these loans, Herrin Community Council aims to support local businesses, fuel economic development, and contribute to the overall growth of the community.
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Impact
October, 2024
The Herrin Community Council significantly impacts Herrin, Illinois, by fostering economic growth through the administration of low-interest business loans. By providing financial support to local entrepreneurs and businesses, the Council helps stimulate job creation and encourages the establishment of new ventures in the area. This infusion of capital aids not only in the development of individual businesses but also enhances the overall economic landscape of Herrin, contributing to community improvement and sustainability. Moreover, the Council's focus on promoting growth reinforces a sense of collaboration among local stakeholders, ultimately leading to a stronger, more vibrant community.
This information is meant to be a general summary of Herrin Community Council. 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 2024.
- Investment Income: $80,105
- Program Service Revenue: $36,511
- Gross Receipts: $3,271,828
Assets and Liabilities:
- Total Assets: $2,567,804
- Total Liabilities: $0
- Net Assets: $2,567,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INTEREST BUSINESS LOANS
Revenue
$36,511
Organization Details
Founding Year
1958
Principal Officer
Carl Goodwin
NTEE Category
Code: S31 - Community improvement
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