Overview
What is The Winter Star Company?
The Winter Star Company is a nonprofit organization situated in Burnsville, North Carolina, specifically at PO Box 246. Their primary mission is to stimulate and foster economic, industrial, and agricultural growth within Yancey County, North Carolina, and its surrounding areas. Previously, they were renting part of their building to a local manufacturer and a non-profit organization that aided farmers in marketing their produce. The non-profit recently relocated, allowing The Winter Star Company to renovate the vacated space. The renovated area was leased to an expanding local manufacturer, thereby creating more well-paying jobs with benefits for local residents. The manufacturer was in search of additional space to expand their local workforce and prevent job displacement to other locations.
Is The Winter Star Company legitimate?
The Winter Star Company is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Winter Star Company 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Winter Star Company?
The Winter Star Company's mission is centered around fostering economic, industrial, and agricultural growth within its surrounding areas. It encourages development in these sectors to create opportunities and improve the local economy. Recently, the company leased part of its building to a local manufacturer and another part to a non-profit organization helping farmers. When the non-profit moved to a new location, The Winter Star Company renovated the vacant space, which was then leased to the expanding manufacturer. This decision not only provided additional space for the manufacturer but also resulted in the creation of more well-paying jobs with benefits for local residents. The manufacturer, in turn, was able to maintain its local workforce and avoid relocating the jobs to other locations.
What is the revenue of The Winter Star Company?
The Winter Star Company's revenue in 2024 was $127,648.
Who are the executives of The Winter Star Company and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for The Winter Star Company?
The Winter Star Company's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Winter Star Company
The Winter Star Company, a non-profit organization, is dedicated to stimulating economic, industrial, and agricultural growth within its local area and surrounding communities. Its primary objective is to foster development in these sectors, aiming to create a thriving economic landscape.
In its pursuit of this mission, The Winter Star Company has been actively leasing part of its building to local businesses and non-profits. One such organization, focused on assisting local farmers, decided to relocate. This development presented an opportunity for The Winter Star Company to renovate the vacated space. They sought out an expanding local manufacturer, who was in need of additional space to expand its local workforce and keep jobs from being relocated elsewhere. The manufacturer was attracted to the renovated space and now leases the entire building, creating more good-paying jobs with benefits for the local residents. This strategic move by The Winter Star Company not only supports local businesses but also contributes to employment growth within the community.
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Impact
October, 2024
The Winter Star Company has significantly impacted economic development in Yancey County, North Carolina, and its surrounding areas by fostering growth in local industries and agriculture. By leasing space to a local manufacturer, the organization facilitated an expansion that created more well-paying jobs with benefits for residents.
When a local nonprofit utilized part of the building for agricultural support, it helped farmers consolidate their products, increasing their market access. However, with the nonprofit's relocation, The Winter Star Company seized the opportunity to renovate the vacated space. This proactive approach allowed the expanding manufacturer to occupy the entire facility, effectively preventing job relocation and bolstering the local economy.
Through these strategic initiatives, The Winter Star Company promotes sustainable economic progress while enhancing community improvement, ensuring that local workers benefit from opportunities that might otherwise be lost to external sites.
This information is meant to be a general summary of The Winter Star Company. 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 2024.
- Investment Income: $1,112
- Program Service Revenue: $126,536
- Gross Receipts: $127,648
Assets and Liabilities:
- Total Assets: $858,490
- Total Liabilities: $223,607
- Net Assets: $634,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$126,536
Organization Details
Principal Officer
Wanda Proffitt
NTEE Category
Code: S30 - Community improvement
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