Overview
What is Mainstream Development Corporation?
Mainstream Development Corporation is a nonprofit organization situated in the northwest Alabama region. Their primary mission is to support and foster the growth and retention of small and minority-owned businesses within this region. They achieve this goal by conducting quarterly business development workshops, helping small business owners create succession plans and facilitate the generational transfer of their businesses to maintain existing job opportunities. Additionally, they offer small business technical assistance, marketing and advertising aid, and capital formation referral services to strengthen the economic growth of these businesses within their service area.
Is Mainstream Development Corporation legitimate?
Mainstream Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mainstream Development Corporation 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 Mainstream Development Corporation?
Mainstream Development Corporation's mission involves facilitating the growth and retention of small and minority-owned businesses in a specific region. They accomplish this by organizing quarterly workshops to help business owners develop succession plans and facilitate the transfer of their businesses. The corporation also offers technical assistance, marketing/advertising support, and referrals for capital formation to small and minority businesses within their service area.
Who is the CEO of Mainstream Development Corporation?
Unavailable
What is the revenue of Mainstream Development Corporation?
Mainstream Development Corporation's revenue in 2022 was $14,500.
Who are the executives of Mainstream Development Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Mainstream Development Corporation?
Mainstream Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Mainstream Development Corporation
Mainstream Development Corporation is a nonprofit organization dedicated to promoting the growth and retention of small and minority-owned businesses in the northwest Alabama region. Their mission is to provide business technical assistance, holding quarterly workshops to help small business owners create succession plans and facilitate the generational transfer of their businesses, thereby preserving existing jobs. This organization also offers small business technical assistance, marketing and advertising aid, and capital formation referral services to small and minority-owned businesses in its service area.
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Impact
August, 2024
Mainstream Development Corporation's impact can be seen in its efforts to provide business technical assistance, marketing support, and capital formation services to small and minority businesses in the northwest Alabama region. By holding workshops and assisting small business owners with succession planning and generational transfer of businesses, the organization is contributing to the retention of existing jobs and the growth of these businesses. Through its focus on human services and support for minority entrepreneurs, Mainstream Development Corporation is playing a vital role in empowering and sustaining the local business community.
This information is meant to be a general summary of Mainstream Development Corporation. 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.
- Gross Receipts: $14,500
Assets and Liabilities:
- Total Assets: $9,421
- Total Liabilities: $10,675
- Net Assets: -$1,254
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Organization Details
Phone
(256) 381-3826Main Address
PO BOX 2058, MUSCLE SHOALS, AL, 35662
NTEE Category
Code: P28Z - Human services
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