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Greater Lafayette Commerce Comm And Economic Development Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 813745360 ✦ Lafayette, IN ✦ Designated as a 501(c)(3)

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Overview

What is Greater Lafayette Commerce Comm And Economic Development Foundation?

The Greater Lafayette Commerce Comm and Economic Development Foundation is a nonprofit organization situated in Lafayette, IN. Its primary role is to enhance the well-being of the citizens in Lafayette, West Lafayette, Tippecanoe County, and the West Central Region of Indiana. The foundation supports the Lafayette-West Lafayette Development Corporation, better known as Greater Lafayette Commerce, by raising funds for economic and community development programs and projects. It also seeks charitable contributions and other resources to benefit these initiatives, collaborating with other organizations for mutual goals. The foundation's mission is to promote common good and welfare in the specified areas through various means.


Official website here: www.greaterlafayettecommerce.com

Is Greater Lafayette Commerce Comm And Economic Development Foundation legitimate?

Greater Lafayette Commerce Comm And Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lafayette Commerce Comm And Economic Development Foundation 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: $46,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $192,607

For more financial information, click here


Official website here: www.greaterlafayettecommerce.com

What is the mission statement of Greater Lafayette Commerce Comm And Economic Development Foundation?

The Greater Lafayette Commerce Comm and Economic Development Foundation is established with a mission to enhance the well-being of the community. It operates primarily to support and benefit the Lafayette-West Lafayette Development Corporation, also known as Greater Lafayette Commerce. The foundation's role includes soliciting funds to back economic and community development programs and projects under Greater Lafayette Commerce. Furthermore, it seeks charitable contributions and other funds to provide additional benefits for these projects. Additionally, the foundation collaborates with various organizations to jointly achieve these objectives.


Official website here: www.greaterlafayettecommerce.com

Who is the CEO of Greater Lafayette Commerce Comm And Economic Development Foundation?

Tom Murtaugh is the Chair of Greater Lafayette Commerce Comm And Economic Development Foundation.


Official website here: www.greaterlafayettecommerce.com

What is the revenue of Greater Lafayette Commerce Comm And Economic Development Foundation?

Greater Lafayette Commerce Comm And Economic Development Foundation's revenue in 2022 was $1,986,864.


Official website here: www.greaterlafayettecommerce.com

Who are the executives of Greater Lafayette Commerce Comm And Economic Development Foundation and what are their salaries?

There 4 volunteers at Greater Lafayette Commerce Comm And Economic Development Foundation.


Here are 5 key members and their salaries:


Scott Walker (President &)
  • Compensation: $0
  • Related: $218,111
  • Other: $40,532
Tom Murtaugh (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Hazaray (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Smith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Olds (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.greaterlafayettecommerce.com

Where can I find the form 990 for Greater Lafayette Commerce Comm And Economic Development Foundation?

Greater Lafayette Commerce Comm And Economic Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.greaterlafayettecommerce.com

Learn more at the official website: www.greaterlafayettecommerce.com

Mission Statement of Greater Lafayette Commerce Comm And Economic Development Foundation

Greater Lafayette Commerce Comm and Economic Development Foundation is an organization dedicated to improving the common good and welfare of the citizens residing in Lafayette, West Lafayette, Tippecanoe County, and the west central region of Indiana. The foundation serves as a supporting entity for Greater Lafayette Commerce, soliciting funds to support economic and community development programs and projects. Its primary objective is to collaborate with various organizations, including Greater Lafayette Commerce, to achieve these purposes. The foundation also actively seeks charitable contributions and other funds to contribute to the success of economic and community development initiatives. By working collectively with other organizations, Greater Lafayette Commerce Comm and Economic Development Foundation aims to enhance the living standards and welfare of its community members.

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Impact




October, 2024

The Greater Lafayette Commerce Comm and Economic Development Foundation plays a vital role in enhancing the quality of life for residents in Lafayette, West Lafayette, Tippecanoe County, and the broader West Central region of Indiana. Its primary mission focuses on conducting, supporting, and encouraging initiatives that promote the common good and welfare of citizens in these areas.

By functioning as a vital supporting organization for the Lafayette-West Lafayette Development Corporation, the Foundation effectively mobilizes resources to fund economic and community development programs and projects. This collaboration ensures that the community receives the necessary financial backing and strategic guidance to address local needs and enhance community welfare.

Through soliciting charitable contributions and other funding, the Foundation is pivotal in providing essential benefits that foster economic growth and community improvement. Its commitment to cooperation and collaboration with various organizations enriches the community development landscape, enabling a more cohesive approach to tackling regional challenges.

In summary, the Foundation's impact is evident in its proactive efforts to strengthen community infrastructure, stimulate economic activity, and elevate the overall well-being of the populations it serves.




This information is meant to be a general summary of Greater Lafayette Commerce Comm And Economic Development Foundation. 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.

Revenue
$1,986,864 (2022)
Expenses
$4,283,800 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,986,864

Assets and Liabilities:

  • Total Assets: $646,679
  • Total Liabilities: $646,679
  • Net Assets: $0

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Organization Details

Founding Year

2016

Principal Officer

Tom Murtaugh

Main Address

PO BOX 348, LAFAYETTE, IN, 479020348

NTEE Category

Code: S11 - Community improvement

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