Overview
What is Pikes Peak Regional Development Corporation?
Pikes Peak Regional Development Corporation is a nonprofit organization situated in Colorado Springs, Colorado. Their primary mission is to foster economic growth and job opportunities for citizens in Teller County and beyond in Colorado. They achieve this by offering financial assistance to small businesses through programs like the SBA 504 loan program and private revolving loan funds. By doing so, they aim to stimulate local job creation, redevelopment strategies, and promote the growth and survival of businesses, ultimately diversifying and strengthening the state's economic base. The organization operates with a modest workforce of 5 individuals.
Official website here: www.pprdc.com
Is Pikes Peak Regional Development Corporation legitimate?
Pikes Peak Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pikes Peak Regional 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: $338,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $364,809
For more financial information, click here
Official website here: www.pprdc.com
What is the mission statement of Pikes Peak Regional Development Corporation?
The Pikes Peak Regional Development Corporation's mission is to foster economic growth and opportunity for all citizens, not just limited to Teller county, but extending across Colorado. They achieve this by providing financial assistance, supporting business creation and survival, aiding in redevelopment, and promoting diversification of the economic base. The organization operates within the constraints of its available resources, with the ultimate goal of creating and maintaining jobs and strengthening the economic foundation.
Official website here: www.pprdc.com
What is the revenue of Pikes Peak Regional Development Corporation?
Pikes Peak Regional Development Corporation's revenue in 2024 was $1,311,067.
Official website here: www.pprdc.com
Who are the executives of Pikes Peak Regional Development Corporation and what are their salaries?
The average compensation at Pikes Peak Regional Development Corporation during 2024 was $140,668. There are 5 employees at Pikes Peak Regional Development Corporation.
Here are 12 key members and their salaries:
- Compensation: $1,700
- Related: $0
- Other: $0
- Compensation: $1,900
- Related: $0
- Other: $0
- Compensation: $1,900
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $1,900
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $1,900
- Related: $0
- Other: $0
- Compensation: $1,700
- Related: $0
- Other: $0
- Compensation: $249,112
- Related: $0
- Other: $48,822
Official website here: www.pprdc.com
Where can I find the form 990 for Pikes Peak Regional Development Corporation?
Pikes Peak Regional Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pprdc.com
Learn more at the official website: www.pprdc.com
Mission Statement of Pikes Peak Regional Development Corporation
Pikes Peak Regional Development Corporation, abbreviated as PPRDC, is a nonprofit organization with a mission to boost economic prospects for citizens across Teller county and Colorado as a whole. Their primary objective is to offer financial aid, foster business creation, ensure business sustainability, and drive growth. This is done through the provision of financial assistance, redevelopment projects, and the promotion of entrepreneurship. Additionally, PPRDC aims to diversify and strengthen the economic base of both the state and the county, utilizing the resources at their disposal within reasonable limits. The organization's ultimate goal is to create jobs and enhance overall economic opportunities for the communities they serve.
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Impact
October, 2024
The Pikes Peak Regional Development Corporation significantly enhances economic opportunity within Teller County and the broader state of Colorado. By providing financial assistance to small businesses, it fosters local job creation and supports redevelopment strategies. Through initiatives like the SBA 504 loan program and private revolving loan funds, the organization helps businesses start, survive, and expand, ultimately contributing to a diversified and robust economic base in the region. Its efforts not only stimulate growth for individual enterprises but also create a ripple effect that benefits the entire community, strengthening the local economy and improving the quality of life for residents.
This information is meant to be a general summary of Pikes Peak Regional 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 2024.
- Investment Income: -$10,962
- Program Service Revenue: $1,299,010
- Gross Receipts: $1,311,067
Assets and Liabilities:
- Total Assets: $6,076,808
- Total Liabilities: $174,714
- Net Assets: $5,902,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Servicing Fees
Revenue
$838,304
Interest and Dividend
Revenue
$348,813
Loan Origination Fees
Revenue
$106,922
Deposit Forfeitures
Revenue
$4,971
Organization Details
Founding Year
1975
Principal Officer
Douglas Adams
Website
www.pprdc.comNTEE Category
Code: S31 - Community improvement
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