Overview
What is Dunn Area Committee Of 100 Inc?
Dunn Area Committee of 100 Inc is a nonprofit organization based in Dunn, North Carolina. Their primary mission is to stimulate business activity within the area, encouraging the establishment of new businesses and enterprises of various kinds. They strongly advocate for the welfare of trade, manufacturing, industrial, and agricultural interests, contributing to economic development. Their Intermediary Relending Program provides funds to eligible recipients for community development projects, establishing new businesses, creating or saving jobs, and supporting businesses that employ farm families or displaced farm workers. The organization operates with a small team of three individuals, committing to the betterment of the Dunn area's economic landscape.
Is Dunn Area Committee Of 100 Inc legitimate?
Dunn Area Committee Of 100 Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Dunn Area Committee Of 100 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,760
For more financial information, click here
What is the mission statement of Dunn Area Committee Of 100 Inc?
The Dunn Area Committee of 100 Inc is committed to fostering business activities. Their primary goal is to attract new businesses and plants of various kinds to the area, contributing to the welfare of trade, manufacturing, industrial, and agricultural interests. This organization is dedicated to promoting economic development in the area. To achieve this, they have an intermediary re-lending program that provides funds to eligible recipients for projects that create or save jobs, establish new businesses, or support businesses that employ farm families or displaced farm workers. The program also considers applications from businesses that have been rejected by two banks or lending institutions.
Who is the CEO of Dunn Area Committee Of 100 Inc?
Gene Jernigan is the Director of Dunn Area Committee Of 100 Inc.
What is the revenue of Dunn Area Committee Of 100 Inc?
Dunn Area Committee Of 100 Inc's revenue in 2022 was $234,987.
Who are the executives of Dunn Area Committee Of 100 Inc and what are their salaries?
The average compensation at Dunn Area Committee Of 100 Inc during 2022 was $14,253. There are 3 employees at Dunn Area Committee Of 100 Inc.
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Where can I find the form 990 for Dunn Area Committee Of 100 Inc?
Dunn Area Committee Of 100 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dunn Area Committee Of 100 Inc
Dunn Area Committee of 100 Inc is dedicated to fostering business activity within its area of focus. This nonprofit organization strives to entice new plants and businesses of all kinds to set up shop in and around Dunn, aiming to improve the overall economic development. The welfare of trade, manufacturing, industrial, and agricultural interests are all integral parts of its mission. By promoting these sectors, the Committee of 100 seeks to enhance the overall well-being of the community.
In line with its mission, Dunn Area Committee of 100 Inc has developed an Intermediary Relending Program. This program provides funds to eligible recipients who meet certain criteria, which include undertaking community development projects, establishing new businesses, creating or preserving jobs, assisting businesses that employ farm families or displaced farm workers, and those who have been rejected by two banks or lending institutions. The program's goal is to bolster the local economy and create opportunities for growth within the community.
In essence, Dunn Area Committee of 100 Inc serves as a catalyst for economic development in its area, encouraging the growth of businesses and industries, and providing financial support to those who seek to contribute to the community's prosperity.
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Impact
October, 2024
Dunn Area Committee Of 100 Inc significantly impacts the local economy by actively promoting business activity in the Dunn area. Its efforts are focused on attracting new plants and business enterprises, which contribute to economic development and job creation. The organization administers an intermediary relending program that provides funding to eligible recipients for various community development projects.
This program is particularly beneficial for new businesses, as it assists in establishing ventures that create or save jobs, especially for farm families or displaced farm workers. By offering financial resources to businesses that have faced challenges obtaining loans from traditional banks, the organization plays a crucial role in fostering an entrepreneurial environment.
The emphasis on trade, manufacturing, industrial, and agricultural interests facilitates a diversified economic base in Dunn, enhancing the overall welfare of the community. Through its initiatives, Dunn Area Committee Of 100 Inc not only stimulates local business growth but also supports the sustainable development of the region, ensuring a brighter economic future for its residents.
This information is meant to be a general summary of Dunn Area Committee Of 100 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $199,048
- Gross Receipts: $234,987
Assets and Liabilities:
- Total Assets: $4,737,214
- Total Liabilities: $101,152
- Net Assets: $4,636,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$162,954
RENT
Revenue
$33,862
LOAN FEES
Revenue
$1,845
LATE PAYMENT FEES
Revenue
$387
Organization Details
Phone
(910) 892-2884Principal Officer
Gene Jernigan
Main Address
600 S MAGNOLIA AVENUE, DUNN, NC, 28334
NTEE Category
Code: S31 - Community improvement
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