Overview
What is Lincoln Economic Development Authority?
The Lincoln Economic Development Authority is a nonprofit organization located in West Hamlin, West Virginia. Their mission is to assist the local community in creating economic opportunities, aiming to break the cycle of poverty and dependence on government aid. They achieve this by offering economic development services and providing loans to residents of Lincoln County. The organization's small team of two individuals is dedicated to fostering small business growth and employment within the county, ultimately enhancing the community's wealth and independence.
Official website here: www.lincolneda.com
Is Lincoln Economic Development Authority legitimate?
Lincoln Economic Development Authority is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lincoln Economic Development Authority 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: $32,954
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Other Salaries and Wages: $25,827
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Official website here: www.lincolneda.com
What is the mission statement of Lincoln Economic Development Authority?
The Lincoln Economic Development Authority's mission is to offer economic development assistance and loans to the residents of a specific county. Their purpose is to help local citizens create opportunities for economic growth, aiming to break the cycle of poverty and dependence on government aid. The organization strives to develop small businesses and generate employment within the county, thereby increasing wealth and promoting self-sufficiency.
Official website here: www.lincolneda.com
Who is the CEO of Lincoln Economic Development Authority?
Tommy Adkins is the Director of Lincoln Economic Development Authority.
Official website here: www.lincolneda.com
What is the revenue of Lincoln Economic Development Authority?
Lincoln Economic Development Authority's revenue in 2023 was $43,115.
Official website here: www.lincolneda.com
Who are the executives of Lincoln Economic Development Authority and what are their salaries?
The average compensation at Lincoln Economic Development Authority during 2023 was $29,390. There are 2 employees at Lincoln Economic Development Authority.
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Official website here: www.lincolneda.com
Where can I find the form 990 for Lincoln Economic Development Authority?
Lincoln Economic Development Authority's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lincolneda.com
Learn more at the official website: www.lincolneda.com
Mission Statement of Lincoln Economic Development Authority
Lincoln Economic Development Authority is committed to providing economic development services and loans to the residents of Lincoln County, West Virginia. Their mission is geared towards aiding the community in creating opportunities to break the cycle of poverty and dependence on government assistance. The organization recognizes the high poverty rate and lack of opportunities in the county, and believes that by fostering the growth of small businesses and employment within the area, they can contribute to an increase in wealth and independence among its citizens. The ultimate goal of Lincoln Economic Development Authority is to support the economic development of Lincoln County, West Virginia, thereby improving the living standards and prospects of its residents.
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Impact
October, 2024
The Lincoln Economic Development Authority plays a crucial role in enhancing the economic landscape of Lincoln County, West Virginia. By offering economic development services and loans, it directly supports residents in creating sustainable opportunities that foster financial independence. This initiative addresses the county's poverty rate and counteracts the generational dependence on government assistance.
By focusing on small business development and employment, the Authority empowers individuals to break the cycle of poverty. This approach not only enriches the local economy but also promotes community improvement, cultivating a sense of ownership and investment among residents. As small businesses thrive, they create jobs and stimulate economic activity, leading to increased wealth and self-sufficiency in the community.
In a region facing significant economic challenges, the Lincoln Economic Development Authority stands as a beacon of hope, fostering resilience and promoting long-term prosperity for the residents of Lincoln County.
This information is meant to be a general summary of Lincoln Economic Development Authority. 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 2023.
- Investment Income: $3,527
- Program Service Revenue: $4,396
- Gross Receipts: $43,115
Assets and Liabilities:
- Total Assets: $623,292
- Total Liabilities: $81,981
- Net Assets: $541,311
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Organization Details
Founding Year
1987
Phone
(304) 824-2244Principal Officer
Tommy Adkins
Main Address
PO Box 100, West Hamlin, WV, 25571
Website
www.lincolneda.comNTEE Category
Code: S30 - Community improvement
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