Tracy Development Corporation

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

EIN: 822693582 ✦ Tracy, MN ✦ Designated as a 501(c)(4)

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Overview

What is Tracy Development Corporation?

Tracy Development Corporation is a nonprofit organization situated within and serving the City of Tracy. Their primary objective is to foster industrial, commercial, and overall economic growth in the area, contributing positively to the well-being and prosperity of its residents. Despite a lack of significant events in 2021, the corporation remains active in its mission, dedicating efforts towards fundraising and public awareness campaigns to bolster the community's economic vitality.

Is Tracy Development Corporation legitimate?

Tracy Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Tracy Development Corporation submitted a form 990EZ, 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.

What is the mission statement of Tracy Development Corporation?

Tracy Development Corporation's mission is centered around promoting economic growth in various sectors, including industry and commerce, within its vicinity. This objective is aimed at enhancing the overall well-being of the community. Despite a quiet year in 2021, the corporation continues to invest in raising funds and awareness to bolster the area's economic resilience. It is committed to contributing to the common good and bettering the lives of the people in its vicinity.

Who is the CEO of Tracy Development Corporation?

Dale Johnson Iii is the President of Tracy Development Corporation.

What is the revenue of Tracy Development Corporation?

Tracy Development Corporation's revenue in 2022 was $1,200.

Who are the executives of Tracy Development Corporation and what are their salaries?


Here are 5 key members and their salaries:


Dale Johnson Iii (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Seager (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Salmon (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lanoue (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Fultz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Tracy Development Corporation?

Tracy Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Tracy Development Corporation

Tracy Development Corporation, as a nonprofit organization, is committed to fostering economic growth and vitality in the surrounding areas of the City of Tracy. Their primary objective is to promote industrial and commercial development, with the ultimate goal of enhancing the overall well-being of the community. Despite a quiet year in 2021, the corporation continues its efforts by raising funds and increasing awareness towards the advancement of the local economy. In essence, Tracy Development Corporation serves as a catalyst for economic progress, working tirelessly to improve the common good and general welfare of its community.

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Impact




October, 2024

Tracy Development Corporation significantly impacts the community by promoting industrial, commercial, and economic development in and around the City of Tracy. Its efforts are focused on enhancing the general welfare and common good of the local population. By raising funds and awareness, the organization plays a crucial role in advancing the community's economic vitality, despite the absence of major events in 2021. This ongoing commitment not only supports local businesses and industries but also strengthens the overall economic landscape of the area, fostering a healthier, more prosperous environment for residents and stakeholders alike.




This information is meant to be a general summary of Tracy 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.

Revenue
$1,200 (2022)
2019202020212022$0$8,000$16,000$24,000$32,000
Expenses
$3,952 (2022)
2019202020212022$0$5,000$10,000$15,000$20,000
Efficiency
20192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Investment Income: $1,200
  • Gross Receipts: $1,200

Assets and Liabilities:

  • Total Assets: $114,399
  • Total Liabilities: $48,524
  • Net Assets: $65,875

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Organization Details

Principal Officer

Dale Johnson Iii

Main Address

1260 Craig Ave, Tracy, MN, 56175

NTEE Category

Code: S30 - Community improvement

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