Overview
What is Davis Council Of Governments Inc?
Davis Council of Governments Inc is a nonprofit organization situated in Farmington, Utah. Established with the primary objective of promoting economic growth and job opportunities in Davis County, it administers loans and grants from the U.S. HUD Community Development Block Grant Program for an Economic Development Revolving Loan Fund. The organization's activities in the year under review involved loan administration, with 18 outstanding loans at year-end. The organization's mission continues to support economic development in the region.
Is Davis Council Of Governments Inc legitimate?
Davis Council Of Governments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davis Council Of Governments 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.
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What is the mission statement of Davis Council Of Governments Inc?
Davis Council of Governments Inc was established with a mission to foster economic development in its operational area. Specifically, the organization's purpose is to administer grants from the U.S. HUD Community Development Block Grant Program, which is utilized for an Economic Development Revolving Loan Fund. This fund is designed to promote economic growth and job creation in the community. Throughout the year, the organization continued to provide loans, with 18 outstanding loans at the year-end. The fund's primary objective remains to promote economic development, continually working towards job growth.
Who is the CEO of Davis Council Of Governments Inc?
Clark Wilkinson is the Chair of Davis Council Of Governments Inc.
What is the revenue of Davis Council Of Governments Inc?
Davis Council Of Governments Inc's revenue in 2022 was $218,211.
Who are the executives of Davis Council Of Governments Inc and what are their salaries?
Here are 21 key members and their salaries:
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Where can I find the form 990 for Davis Council Of Governments Inc?
Davis Council Of Governments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Davis Council Of Governments Inc
Davis Council of Governments Inc was established with a primary mission to foster economic development in Davis County, Utah. To achieve this goal, the organization administers grants from the U.S. HUD Community Development Block Grant Program, specifically for an Economic Development Revolving Loan Fund. This fund serves as a crucial tool to promote economic growth and job creation in the region. Throughout the year, the organization continues to disburse loans, with 18 outstanding loans at the year-end. The fund's ongoing operation is driven by its commitment to promoting economic development and job growth in Davis County.
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Impact
October, 2024
Davis Council of Governments Inc significantly impacts economic development in Davis County, Utah. By administering loans through the U.S. HUD Community Development Block Grant Program, the organization bolsters local businesses and encourages job growth. With 18 outstanding loans, it actively supports entrepreneurs and small businesses, facilitating their growth and stability.
The revolving loan fund serves as a vital resource for economic enhancement, ensuring that funds are continuously reinvested into the community. This cycle of funding not only promotes immediate economic improvements but also contributes to long-term community prosperity, strengthening the local economy and fostering sustainable development. Through its efforts, the organization plays a crucial role in enhancing community improvement and supporting the overall well-being of the residents of Davis County.
This information is meant to be a general summary of Davis Council Of Governments 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: $40,641
- Program Service Revenue: $177,570
- Gross Receipts: $218,211
Assets and Liabilities:
- Total Assets: $5,119,556
- Total Liabilities: $3,058
- Net Assets: $5,116,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST EARNED - LOANS
Revenue
$158,670
ORIGINATION LOAN FEES
Revenue
$18,900
Organization Details
Founding Year
1984
Phone
(801) 451-3278Principal Officer
Clark Wilkinson
Main Address
PO BOX 305, FARMINGTON, UT, 84025
NTEE Category
Code: S30 - Community improvement
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