Overview
What is Eastern Idaho Development Corporation?
Eastern Idaho Development Corporation is a nonprofit organization situated in Pocatello, Idaho, at 1651 Alvin Ricken Drive. Their primary mission is to stimulate economic growth in the city of Pocatello and Eastern Idaho. They achieve this by providing loans from various funds such as the CDBG Revolving Loan Fund, Intermediary Relending Program Fund (USDA), RBEG Grant Fund, and by assisting in securing SBA loans. By offering these financial resources, the organization aims to support and foster economic development within the specified region.
Official website here: www.isu.edu/departments/sbdc/eidc
Is Eastern Idaho Development Corporation legitimate?
Eastern Idaho Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Idaho 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: $77,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,029
For more financial information, click here
Official website here: www.isu.edu/departments/sbdc/eidc
What is the mission statement of Eastern Idaho Development Corporation?
The Eastern Idaho Development Corporation's mission is centered around stimulating economic growth. They achieve this by granting loans from various funds such as the CDBG Revolving Loan Fund, the Intermediary Relending Program Fund (USDA), the RBEG Grant Fund, and by assisting in securing Small Business Administration (SBA) loans. This strategic approach aims to foster economic development in the broader region, contributing to the overall economic prosperity.
Official website here: www.isu.edu/departments/sbdc/eidc
Who is the CEO of Eastern Idaho Development Corporation?
Samantha Damron is the President of Eastern Idaho Development Corporation.
Official website here: www.isu.edu/departments/sbdc/eidc
What is the revenue of Eastern Idaho Development Corporation?
Eastern Idaho Development Corporation's revenue in 2022 was $374,182.
Official website here: www.isu.edu/departments/sbdc/eidc
Who are the executives of Eastern Idaho Development Corporation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.isu.edu/departments/sbdc/eidc
Where can I find the form 990 for Eastern Idaho Development Corporation?
Eastern Idaho Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.isu.edu/departments/sbdc/eidc
Learn more at the official website: www.isu.edu/departments/sbdc/eidc
Mission Statement of Eastern Idaho Development Corporation
The Eastern Idaho Development Corporation, as its mission statement suggests, strives to stimulate economic growth in the city of Pocatello and the surrounding eastern Idaho region. They accomplish this by granting loans from various funds, including the Community Development Block Grant (CDBG) Revolving Loan Fund, the Intermediary Relending Program Fund (USDA), the Rural Business Enterprise Grant (RBEG) Fund, and by assisting in the procurement of Small Business Administration (SBA) loans. This strategic approach aids in fostering economic development within the specified area, ultimately contributing to the overall well-being and progress of the community.
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Impact
October, 2024
Eastern Idaho Development Corporation plays a crucial role in stimulating economic growth in Pocatello and the surrounding areas of Eastern Idaho. By providing access to financial resources through various loan programs—such as the CDBG Revolving Loan Fund, Intermediary Relending Program Fund (USDA), and RBEG Grant Fund—it helps local businesses secure the funding they need to expand and thrive. Additionally, the organization assists entrepreneurs in navigating the process of obtaining Small Business Administration (SBA) loans, further bolstering the economic landscape.
The impact of this financial support translates into job creation, increased business activity, and overall community improvement. By targeting funding towards local initiatives, the Eastern Idaho Development Corporation promotes sustainable economic development that benefits both individuals and the broader community, fostering a vibrant and resilient economy in the region.
This information is meant to be a general summary of Eastern Idaho 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: $1,150
- Program Service Revenue: $373,032
- Gross Receipts: $374,182
Assets and Liabilities:
- Total Assets: $2,367,559
- Total Liabilities: $418,169
- Net Assets: $1,949,390
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$225,174
PROGRAM INCOME
Revenue
$120,580
RECOVERY OF BAD DEBTS
Revenue
$27,278
Organization Details
Founding Year
1983
Phone
(208) 232-4921Principal Officer
Samantha Damron
Main Address
1651 ALVIN RICKEN DRIVE, POCATELLO, ID, 83201
NTEE Category
Code: S30 - Community improvement
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