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Lake City Downtown Improvement & Revitalization Team Inc

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

EIN: 550880077 ✦ Lake city, CO ✦ Designated as a 501(c)(3)

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Overview

What is Lake City Downtown Improvement & Revitalization Team Inc?

Lake City Downtown Improvement & Revitalization Team Inc is a nonprofit organization based in Lake City, Colorado. With just one employee, their primary mission is to foster the growth of local businesses and promote community development. They accomplish this by offering business training sessions and providing incentives for new startups. By focusing on enhancing the economic landscape and expanding community spaces, this organization aims to contribute positively to the overall well-being and prosperity of Lake City.


Official website here: www.lakecitydirt.com

Is Lake City Downtown Improvement & Revitalization Team Inc legitimate?

Lake City Downtown Improvement & Revitalization Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake City Downtown Improvement & Revitalization Team 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: $28,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lakecitydirt.com

What is the mission statement of Lake City Downtown Improvement & Revitalization Team Inc?

Lake City Downtown Improvement & Revitalization Team Inc's mission is centered around strengthening local businesses. They aim to accomplish this by expanding economic opportunities and enhancing community development. The organization's activities involve conducting Business Owner Trainings and offering Startup Incentives, all with the goal of fostering a thriving business environment. By doing so, they contribute to the broader community development.


Official website here: www.lakecitydirt.com

Who is the CEO of Lake City Downtown Improvement & Revitalization Team Inc?

Kristine Borchers is the Executive Director of Lake City Downtown Improvement & Revitalization Team Inc.


Official website here: www.lakecitydirt.com

What is the revenue of Lake City Downtown Improvement & Revitalization Team Inc?

Lake City Downtown Improvement & Revitalization Team Inc's revenue in 2022 was $158,936.


Official website here: www.lakecitydirt.com

Who are the executives of Lake City Downtown Improvement & Revitalization Team Inc and what are their salaries?

The average compensation at Lake City Downtown Improvement & Revitalization Team Inc during 2022 was $28,000. There is 1 employee at Lake City Downtown Improvement & Revitalization Team Inc.


Here are 11 key members and their salaries:


Kristine Borchers (Executive Director)
  • Compensation: $28,000
  • Related: $0
  • Other: $0
Elaine Gray (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Murphy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Collins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruthannna Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Hake (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Worthen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Hopson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Bruce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lydia Mcneese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Hamel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakecitydirt.com

Where can I find the form 990 for Lake City Downtown Improvement & Revitalization Team Inc?

Lake City Downtown Improvement & Revitalization Team Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lakecitydirt.com

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

Mission Statement of Lake City Downtown Improvement & Revitalization Team Inc

Lake City Downtown Improvement & Revitalization Team Inc is dedicated to fostering robust local businesses and enhancing community development. Their mission, as expressed, involves broadening economic spaces and improving the overall community. By hosting Business Owner Trainings and providing Startup Incentives, this nonprofit organization aims to empower local entrepreneurs and stimulate economic growth in their community. By cultivating strong businesses, Lake City Downtown Improvement & Revitalization Team Inc contributes to a thriving local economy and a more vibrant community.

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Impact




October, 2024

Lake City Downtown Improvement & Revitalization Team Inc significantly impacts the local economy and community development by fostering strong local businesses. Through initiatives like Business Owner Trainings and Startup Incentives, they empower entrepreneurs with the resources and skills necessary to thrive. By broadening economic space, they create a vibrant business environment that attracts investment and stimulates growth. Their commitment to enhancing community development strengthens the overall fabric of Lake City, ensuring a sustainable and prosperous future for residents and business owners alike.




This information is meant to be a general summary of Lake City Downtown Improvement & Revitalization Team 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.

Revenue
$158,936 (2022)
Expenses
$80,748 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $112
  • Gross Receipts: $241,818

Assets and Liabilities:

  • Total Assets: $134,699
  • Total Liabilities: $2,671
  • Net Assets: $132,028

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Organization Details

Founding Year

2004

Principal Officer

Kristine Borchers

Main Address

PO Box 973, Lake City, CO, 81235

NTEE Category

Code: S990 - Community improvement

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