Overview
What is Economic Development Unit Inc?
Economic Development Unit Inc, based in New Orleans, Louisiana, is a small nonprofit organization. It primarily focuses on providing a suitable rental facility for another charitable organization. Moreover, the unit extends its support by offering technical assistance in the realm of economic development. This aid helps the associated nonprofit organization to achieve its goals effectively. The organization's mission is centered around fostering growth and prosperity within the community, thereby contributing positively to its economic development.
Is Economic Development Unit Inc legitimate?
Economic Development Unit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Development Unit 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: $132,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Economic Development Unit Inc?
Economic Development Unit Inc's mission is centered around providing a rental facility for a non-profit organization and offering technical assistance in the pursuit of economic development objectives. The company's primary role is to aid this non-profit organization in achieving its economic development goals, offering the necessary resources and guidance along the way. This assistance is instrumental in fostering sustainable growth and development, contributing to the overall well-being of the community.
Who is the CEO of Economic Development Unit Inc?
Ms Cheryl Phoenix is the Secretary of Economic Development Unit Inc.
What is the revenue of Economic Development Unit Inc?
Economic Development Unit Inc's revenue in 2022 was $215,734.
Who are the executives of Economic Development Unit Inc and what are their salaries?
The average compensation at Economic Development Unit Inc during 2022 was $132,336. There is 1 employee at Economic Development Unit Inc.
Here are 6 key members and their salaries:
- Compensation: $132,336
- Related: $0
- Other: $17,128
- Compensation: $50
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
Where can I find the form 990 for Economic Development Unit Inc?
Economic Development Unit Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Economic Development Unit Inc
Economic Development Unit Inc, a notable organization, is devoted to providing a rental facility and offering technical assistance to aid in the achievement of economic development objectives for a non-profit entity. The mission of this organization is multifaceted, aiming to offer a physical space and expert guidance to a non-profit organization as they strive to achieve their economic development goals. By offering this support, Economic Development Unit Inc plays a significant role in fostering the growth and success of various non-profit ventures.
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Impact
October, 2024
Economic Development Unit Inc significantly impacts the local community by offering a dedicated rental facility that supports non-profit organizations and their missions. By serving as a hub for these organizations, it fosters collaboration and innovation, vital for community improvement.
In addition to providing a physical space, the unit also plays a crucial role in delivering technical assistance aimed at achieving economic development goals. This includes guidance on best practices, resources for financial sustainability, and strategies to enhance community engagement. Such support empowers non-profits to expand their reach and effectiveness, leading to tangible improvements in the quality of life for residents in New Orleans.
Overall, Economic Development Unit Inc strengthens the local non-profit ecosystem, facilitating initiatives that drive economic growth and community enhancement.
This information is meant to be a general summary of Economic Development Unit 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.
- Investment Income: $12
- Gross Receipts: $351,643
Assets and Liabilities:
- Total Assets: $235,107
- Total Liabilities: $441,195
- Net Assets: -$206,088
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Organization Details
Founding Year
1976
Phone
(504) 722-5354Principal Officer
Ms Cheryl Phoenix
Main Address
11448 S Easterlyn Circle, New Orleans, LA, 70128
NTEE Category
Code: S31Z - Community improvement
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