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Icedc Foundation

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

EIN: 562115262 ✦ Mooresville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Icedc Foundation?

The Icedc Foundation is a nonprofit organization situated in Statesville, North Carolina, with a focus on promoting the local area and supporting the expansion of existing industries. They offer valuable site information for businesses considering relocation or expansion, as well as assisting with tax incentives. The foundation further extends its support by providing economic development loans to expanding businesses. To bolster workforce capabilities, they collaborate with the local community college, offering job training programs. Overall, the Icedc Foundation contributes to the economic development and growth of Statesville and Northern Iredell County in North Carolina.

Is Icedc Foundation legitimate?

Icedc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Icedc Foundation submitted a form 990EZ, 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.

What is the mission statement of Icedc Foundation?

The Icedc Foundation's mission is centered around promoting economic growth in a specific area. It achieves this by providing information for industrial relocation and expansion, offering tax incentives, and providing economic development loans for expanding businesses. The foundation also serves as a liaison between businesses and local community colleges to facilitate job training opportunities. In essence, the organization's mission is to stimulate economic development and support the growth of existing industries in a particular region.

Who is the CEO of Icedc Foundation?

Paul Cook is the Treasurer of Icedc Foundation.

What is the revenue of Icedc Foundation?

Icedc Foundation's revenue in 2022 was $143,636.

Who are the executives of Icedc Foundation and what are their salaries?


Here are 5 key members and their salaries:


David Alexander (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Cook (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Cernuto (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Marshall (Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Palmes (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Icedc Foundation?

Icedc Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Icedc Foundation

The Icedc Foundation, with a focus on economic development, works tirelessly to promote growth in its designated area. This nonprofit organization's mission is to support the expansion of existing industries and attract new businesses to its location, without specifying the exact location. To accomplish this, Icedc Foundation offers various incentives, such as tax benefits, and provides economic development loans to businesses looking to expand their operations. Furthermore, the foundation serves as a liaison with the local community college, facilitating job training programs to equip the workforce with the necessary skills. By fostering economic growth and supporting existing industries, the Icedc Foundation aims to contribute positively to its community.

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Impact




October, 2024

The Icedc Foundation significantly impacts the economic landscape of Statesville, North Carolina, and the surrounding region by facilitating industry growth and development. By providing critical site information, they assist businesses in making informed decisions regarding relocation and expansion. Their support extends to helping businesses navigate tax incentives, which can be a vital factor in their growth strategies.

Additionally, the foundation offers economic development loans to businesses looking to expand, effectively nurturing local industry. Acting as a liaison with the local community college, they play a crucial role in ensuring that workforce development aligns with the needs of local industries by providing job training initiatives. This holistic approach not only promotes economic growth but also enhances the skill set of the local workforce, contributing to the overall community improvement in Northern Iredell County. Through these efforts, the Icedc Foundation fosters a thriving business environment, directly benefiting the local economy and community cohesion.




This information is meant to be a general summary of Icedc 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
$143,636 (2022)
Expenses
$16,703 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $136
  • Gross Receipts: $143,636

Assets and Liabilities:

  • Total Assets: $246,104
  • Total Liabilities: $0
  • Net Assets: $246,104

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Organization Details

Principal Officer

Paul Cook

Main Address

500 S MAIN STREET 449, MOORESVILLE, NC, 28115

NTEE Category

Code: S30 - Community improvement

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