Overview
What is Area Development Partnership?
The Area Development Partnership, situated in Hattiesburg, Mississippi, serves as a vital chamber organization. Its mission is to boost economic growth and development by encouraging community engagement and support. The partnership facilitates various professional development programs, catering to young professionals and small business owners. They organize and host member events, providing opportunities for networking and strategy sharing. Additionally, the Area Development Partnership is involved in the celebration of new and expanded businesses by hosting ribbon cuttings. With a team of 15 dedicated individuals, they contribute to the enrichment and progress of their local community.
Official website here: www.theadp.com
Is Area Development Partnership legitimate?
Area Development Partnership is a legitimate nonprofit organization registered as a 501(c)(6) entity. Area Development Partnership 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: $457,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $593,759
For more financial information, click here
Official website here: www.theadp.com
What is the mission statement of Area Development Partnership?
The Area Development Partnership's mission is centered around fostering economic growth and development. They achieve this by enriching community involvement and offering support in various ways. This includes facilitating professional development programs for young professionals and small business owners, organizing events for networking and strategy sharing, hosting ribbon cuttings for new and expanding businesses, and actively working on the recruitment and retention of the organization's membership.
Official website here: www.theadp.com
Who is the CEO of Area Development Partnership?
Chad Newell is the President of Area Development Partnership.
Official website here: www.theadp.com
What is the revenue of Area Development Partnership?
Area Development Partnership's revenue in 2022 was $2,438,844.
Official website here: www.theadp.com
Who are the executives of Area Development Partnership and what are their salaries?
The average compensation at Area Development Partnership during 2022 was $70,100. There are 15 employees and 24 volunteers at Area Development Partnership.
Here are 23 key members and their salaries:
- Compensation: $326,197
- Related: $0
- Other: $18,654
- 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: $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: $83,433
- Related: $0
- Other: $8,878
- Compensation: $176,552
- Related: $0
- Other: $12,948
Official website here: www.theadp.com
Where can I find the form 990 for Area Development Partnership?
Area Development Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theadp.com
Learn more at the official website: www.theadp.com
Mission Statement of Area Development Partnership
The Area Development Partnership, in its mission, strives to foster economic growth and development within its community. This is achieved through the enrichment of community involvement and support. The organization plays a significant role in this endeavor by facilitating various professional development programs. These programs cater to young professionals and small business owners, aiming to equip them with the necessary skills and strategies for success.
In addition to this, the Area Development Partnership organizes and hosts member events, providing opportunities for networking and knowledge sharing. These events serve as platforms where members can connect with one another, exchange ideas, and learn from each other's experiences. The partnership also plays a role in celebrating new businesses and expansions within the community through ribbon cuttings.
Moreover, the Area Development Partnership actively works on recruiting and retaining membership within the organization. This commitment to its members is a testament to its dedication to fostering a thriving and supportive business environment within the community. By enriching community involvement and support, the Area Development Partnership contributes to the overall economic growth and development of the 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
The Area Development Partnership significantly impacts the Hattiesburg community by fostering economic growth and development through active community involvement and support. By facilitating numerous professional development programs, it enhances the skills and expertise of young professionals and small business owners, equipping them to thrive in a competitive marketplace.
Through organized member events, the Partnership creates valuable networking opportunities, allowing members to share strategies for success and build collaborative relationships. This close-knit networking environment helps businesses flourish, ultimately benefiting the entire community.
Additionally, the organization plays a crucial role in celebrating local entrepreneurship by hosting ribbon-cutting ceremonies for new and expanding businesses. This not only publicly acknowledges these ventures but also encourages community support and engagement.
By focusing on recruitment and retention of members, the Area Development Partnership strengthens its network, ensuring a robust and involved community that supports local economic initiatives. Overall, its contributions create a richer, more vibrant local economy and foster a spirit of collaboration among Hattiesburg’s residents and businesses.
This information is meant to be a general summary of Area Development Partnership. 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: $20,578
- Program Service Revenue: $1,469,062
- Gross Receipts: $2,471,705
Assets and Liabilities:
- Total Assets: $1,489,454
- Total Liabilities: $489,580
- Net Assets: $999,874
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.
PROFESSIONAL CONTRACTS
Revenue
$718,500
MEMBERSHIP FEES & DUES
Revenue
$408,751
MEETINGS & ACTIVITIES
Revenue
$324,853
MEMBERSHIP PROFESSIONA
Revenue
$11,718
Organization Details
Founding Year
1993
Phone
(601) 296-7500Principal Officer
Chad Newell
Main Address
ONE CONVENTION CENTER PLAZA, HATTIESBURG, MS, 39401
Website
www.theadp.comNTEE Category
Code: S31 - Community improvement
If you are a representative of Area Development Partnership 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.