Overview
What is Montrose Economic Development Corporation?
The Montrose Economic Development Corporation (MEDC) is a nonprofit organization situated in Montrose County, Colorado. Their primary mission is to enhance the local economy and improve the living standards for its residents. This is achieved by facilitating the retention and expansion of existing businesses, as well as attracting new ones to the area. MEDC's activities also involve promoting workforce enhancement, agriculture advancement, and other business development initiatives that contribute to economic diversification and stability in the county. With a small team of two employees, they play a significant role in driving economic growth in Montrose County.
Official website here: www.montroseedc.org
Is Montrose Economic Development Corporation legitimate?
Montrose Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Montrose Economic Development Corporation 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: $126,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.montroseedc.org
What is the mission statement of Montrose Economic Development Corporation?
The Montrose Economic Development Corporation (MEDCO) is committed to enhancing the economic foundation and improving the living standards of its community's residents. This is achieved by focusing on the retention, expansion, attraction, and development of primary jobs and capital investments. The organization's mission further extends to promoting workforce enhancement, agriculture advancement, and other business development initiatives that encourage economic diversification and stabilization. By doing so, MEDCO indirectly benefits all residents in the county.
Official website here: www.montroseedc.org
Who is the CEO of Montrose Economic Development Corporation?
Sandra Head is the Executive Director of Montrose Economic Development Corporation.
Official website here: www.montroseedc.org
What is the revenue of Montrose Economic Development Corporation?
Montrose Economic Development Corporation's revenue in 2022 was $139,991.
Official website here: www.montroseedc.org
Who are the executives of Montrose Economic Development Corporation and what are their salaries?
The average compensation at Montrose Economic Development Corporation during 2022 was $63,144. There are 2 employees at Montrose Economic Development Corporation.
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Official website here: www.montroseedc.org
Where can I find the form 990 for Montrose Economic Development Corporation?
Montrose Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montroseedc.org
Learn more at the official website: www.montroseedc.org
Mission Statement of Montrose Economic Development Corporation
Montrose Economic Development Corporation (MEDC) is dedicated to enhancing the economic foundation of its community and improving the standard of living for its residents. To achieve this, MEDC focuses on retaining, expanding, attracting, and developing primary jobs and investments. This mission aims to diversify and stabilize the economy of Montrose County, Colorado, benefiting all its residents indirectly. The corporation's activities contribute to the growth and development of businesses, ultimately contributing to a stronger and more prosperous community.
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Impact
October, 2024
Montrose Economic Development Corporation (MEDC) significantly enhances the economic landscape of Montrose County, Colorado, focusing on boosting the local economy and elevating the standard of living for residents. By emphasizing the retention, expansion, attraction, and development of primary jobs and capital investments, MEDC plays a crucial role in fortifying the economic base of the area.
Through initiatives aimed at supporting existing businesses and attracting new companies, MEDC not only facilitates job creation but also ensures that the workforce is adequately skilled and prepared for the demands of various industries. The organization actively promotes workforce enhancement, agriculture advancement, and business development, contributing to economic diversification and stabilization within the region.
Ultimately, MEDC's efforts lead to indirect benefits for all residents of Montrose County, fostering a vibrant community and improving overall quality of life. The commitment to promoting business growth and sustainability is instrumental in shaping a prosperous economic future for the region.
This information is meant to be a general summary of Montrose Economic 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.
- Investment Income: $2,482
- Gross Receipts: $153,442
Assets and Liabilities:
- Total Assets: $436,577
- Total Liabilities: $102,597
- Net Assets: $333,980
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Organization Details
Founding Year
1957
Phone
(970) 249-9438Principal Officer
Sandra Head
Main Address
1601 OXBOW DRIVE 360B, MONTROSE, CO, 81401
Website
www.montroseedc.orgNTEE Category
Code: S40 - Community improvement
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