Overview
What is Wilmington Economic Development Corp?
Wilmington Economic Development Corporation is a nonprofit organization situated in Wilmington, Delaware, specifically at 100 West 10th Street 214. Their primary mission is to offer financial assistance to both new and expanding businesses within the city, utilizing federal grants. Through these funds, the corporation aims to promote economic growth and development within the Wilmington area. By providing loans and grants, the organization encourages business creation and expansion, contributing positively to the local economy.
Official website here: www.wedco.org
Is Wilmington Economic Development Corp legitimate?
Wilmington Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington 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: $27,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,893
For more financial information, click here
Official website here: www.wedco.org
What is the mission statement of Wilmington Economic Development Corp?
The Wilmington Economic Development Corp's mission is to extend financial aid to both new and expanding businesses within its jurisdiction. This organization operates under the Economic Development Administration, providing loans and grants to businesses in the Wilmington area, utilizing federal grants as a source of funding. The primary aim of Wilmington Economic Development Corp is to stimulate economic growth and development within its region by supporting local businesses.
Official website here: www.wedco.org
Who is the CEO of Wilmington Economic Development Corp?
David Daniels is the President of Wilmington Economic Development Corp.
Official website here: www.wedco.org
What is the revenue of Wilmington Economic Development Corp?
Wilmington Economic Development Corp's revenue in 2022 was $336,072.
Official website here: www.wedco.org
Who are the executives of Wilmington Economic Development Corp and what are their salaries?
There 12 volunteers at Wilmington Economic Development Corp.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $27,000
- Other: $0
Official website here: www.wedco.org
Where can I find the form 990 for Wilmington Economic Development Corp?
Wilmington Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wedco.org
Learn more at the official website: www.wedco.org
Mission Statement of Wilmington Economic Development Corp
Wilmington Economic Development Corp, as a nonprofit organization, is dedicated to providing financial assistance to businesses seeking to establish or expand within the city of Wilmington. Their mission is to render financial aid in the form of loans and grants, utilizing federal grants as a resource. This financial assistance is instrumental in supporting the growth and development of businesses within the Wilmington area.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Wilmington Economic Development Corp plays a crucial role in the economic landscape of Wilmington by providing financial assistance to both start-up and expanding businesses. This support is vital for fostering local entrepreneurship and encouraging business growth, which ultimately contributes to job creation and community vibrancy.
Through the Economic Development Administration, the organization offers loans and grants to businesses in the area, leveraging federal grants to ensure that funding is accessible to those who need it most. This approach not only stimulates economic activity but also enhances the overall community by fostering a diverse and resilient business environment. The impact of Wilmington Economic Development Corp extends beyond immediate financial support; it is a catalyst for sustainable growth and improvement in the Wilmington area.
This information is meant to be a general summary of Wilmington 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $877
- Program Service Revenue: $17,695
- Gross Receipts: $336,072
Assets and Liabilities:
- Total Assets: $2,846,208
- Total Liabilities: $2,589,926
- Net Assets: $256,282
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM LOAN INCOME
Revenue
$17,140
PROGRAM FEES
Revenue
$555
Organization Details
Founding Year
1979
Phone
(302) 571-9142Principal Officer
David Daniels
Main Address
100 WEST 10TH STREET 214, WILMINGTON, DE, 19801
Website
www.wedco.orgNTEE Category
Code: S30Z - Community improvement
If you are a representative of Wilmington Economic Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.