Overview
What is Memorial Drive Nmtc Holdings Inc?
Memorial Drive Nmtc Holdings Inc is a nonprofit organization situated in St. Johnsbury, Vermont. Their primary focus is to promote and support the establishment of businesses within the state of Vermont, particularly in Caledonia County. They aim to foster industrial and economic development in the region, as well as offer assistance related to these objectives, aligning with the organization's overall goals.
Is Memorial Drive Nmtc Holdings Inc legitimate?
Memorial Drive Nmtc Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Memorial Drive Nmtc Holdings 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Memorial Drive Nmtc Holdings Inc?
Memorial Drive Nmtc Holdings Inc's mission is centered around fostering, encouraging, and assisting the establishment and growth of business enterprises within Vermont. Their primary focus is on the industrial and economic development of Caledonia County. They also support activities that align with their organization's goals, with the purpose of promoting business growth and overall development.
Who is the CEO of Memorial Drive Nmtc Holdings Inc?
Peter Corey is the President of Memorial Drive Nmtc Holdings Inc.
What is the revenue of Memorial Drive Nmtc Holdings Inc?
Memorial Drive Nmtc Holdings Inc's revenue in 2023 was $514,420.
Who are the executives of Memorial Drive Nmtc Holdings Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Memorial Drive Nmtc Holdings Inc?
Memorial Drive Nmtc Holdings Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Memorial Drive Nmtc Holdings Inc
Memorial Drive NMTC Holdings Inc, as a mission-driven organization, strives to foster and encourage the establishment of business enterprises within the state of Vermont. Their primary goal is to support the industrial and economic development of Caledonia County. By providing assistance and encouragement, they aim to help these businesses thrive and contribute positively to the local economy. Furthermore, Memorial Drive NMTC Holdings Inc also supports related activities that align with their objectives, contributing to the overall growth and prosperity of the region.
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Impact
October, 2024
Memorial Drive Nmtc Holdings Inc plays a crucial role in bolstering the economic landscape of Caledonia County, Vermont. By fostering business enterprises and encouraging their physical establishment within the region, the organization actively contributes to the growth and sustainability of local industries. Its efforts not only promote economic development but also enhance community vitality, ensuring that businesses can thrive in a supportive environment.
The organization focuses on aligning its initiatives with the broader goals of economic enhancement and community improvement, which in turn can lead to job creation and increased prosperity for residents. By supporting related activities, Memorial Drive Nmtc Holdings Inc helps to cultivate a robust business ecosystem that attracts investment and promotes collaboration among local enterprises.
Overall, the impact of Memorial Drive Nmtc Holdings Inc is significant in fostering a dynamic economic environment, nurturing the establishment and growth of businesses, and driving forward the industrial development of Caledonia County while enhancing the quality of life for its community members.
This information is meant to be a general summary of Memorial Drive Nmtc Holdings 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 2023.
- Investment Income: $393
- Program Service Revenue: $514,027
- Gross Receipts: $514,420
Assets and Liabilities:
- Total Assets: $9,436,345
- Total Liabilities: $11,272,376
- Net Assets: -$1,836,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$514,027
Organization Details
Founding Year
2017
Phone
(802) 748-5101Principal Officer
Peter Corey
Main Address
51 DEPOT SQUARE NO 2, ST JOHNSBURY, VT, 05819
NTEE Category
Code: S41 - Community improvement
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