Clear Creek Economic Development Corporation Inc

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

EIN: 840972025 ✦ Georgetown, CO ✦ Designated as a 501(c)(6)

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Overview

What is Clear Creek Economic Development Corporation Inc?

Clear Creek Economic Development Corporation Inc, based in Georgetown, Colorado, is a nonprofit organization dedicated to promoting economic growth in Clear Creek County and its municipalities. Their primary activities include administering a business loan fund, a land and development bank, and various special projects and programming. They have an agreement with Clear Creek County to manage the State of Colorado Office of Economic Development and International Trade (OEDIT) Region 3 Community Development Block Grant Business Loan Fund Program, which also includes Gilpin County. The corporation's mission is to bolster the local economy and support businesses in these regions, thereby contributing to the overall vitality of the communities they serve.


Official website here: www.clearcreekedc.org

Is Clear Creek Economic Development Corporation Inc legitimate?

Clear Creek Economic Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Clear Creek Economic Development Corporation 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: $83,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.clearcreekedc.org

What is the mission statement of Clear Creek Economic Development Corporation Inc?

The Clear Creek Economic Development Corporation Inc's mission is centered around providing economic development services. This organization aims to contribute positively to Clear Creek County and its municipalities by offering various resources and programs. In addition to its primary role, the CCEDC administers a business loan fund program in Clear Creek and Gilpin Counties, known as Region 3. The corporation also manages a Land and Development Bank and engages in special projects and programming to promote economic vitality within the region. The organization has an agreement with Clear Creek County to manage the State of Colorado Office of Economic Development and International Trade (OEDIT) Region 3 Community Development Block Grant Business Loan Fund Program. This collaboration is aimed at fostering economic growth and development in the region.


Official website here: www.clearcreekedc.org

Who is the CEO of Clear Creek Economic Development Corporation Inc?

Lindsey Valdez is the Ceo of Clear Creek Economic Development Corporation Inc. The CEO's salary of Clear Creek Economic Development Corporation Inc is $80,000 and their total compensation is $83,150.


Official website here: www.clearcreekedc.org

What is the revenue of Clear Creek Economic Development Corporation Inc?

Clear Creek Economic Development Corporation Inc's revenue in 2022 was $285,121.


Official website here: www.clearcreekedc.org

Who are the executives of Clear Creek Economic Development Corporation Inc and what are their salaries?

The average compensation at Clear Creek Economic Development Corporation Inc during 2022 was $83,150. There is 1 employee at Clear Creek Economic Development Corporation Inc.


Here are 10 key members and their salaries (Clear Creek Economic Development Corporation Inc's CEO's salary is $80,000 and their total compensation is $83,150):


Lindsey Valdez (Ceo)
  • Compensation: $80,000
  • Related: $0
  • Other: $3,150
Dan Ebert (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Flenniken (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Epstein (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lalitha Christian (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Bosshardt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Harmon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Koch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Rears (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.clearcreekedc.org

Where can I find the form 990 for Clear Creek Economic Development Corporation Inc?

Clear Creek Economic Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.clearcreekedc.org

Learn more at the official website: www.clearcreekedc.org

Mission Statement of Clear Creek Economic Development Corporation Inc

Clear Creek Economic Development Corporation Inc is committed to providing economic development services to Clear Creek County and its municipalities. Beyond this, the organization administers a business loan fund program in both Clear Creek and Gilpin Counties, often referred to as Region 3. Their role extends beyond mere service provision, as they also oversee special projects and programming that contribute to the economic vitality of Clear Creek County. The organization has an agreement with Clear Creek County to manage the State of Colorado Office of Economic Development and International Trade (OEDIT) Region 3 Community Development Block Grant Business Loan Fund Program. This program aims to stimulate economic growth and development in the region. Overall, Clear Creek Economic Development Corporation Inc plays a significant role in fostering economic development and business growth in the areas it serves.

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Impact




October, 2024

Clear Creek Economic Development Corporation Inc significantly enhances the economic landscape of Clear Creek County and its municipalities. By providing targeted economic development services, the organization fosters growth and sustainability within the region. One of its core initiatives is the administration of a business loan fund program, which supports local entrepreneurs and businesses in both Clear Creek and Gilpin Counties. This access to financing enables businesses to expand, create jobs, and contribute to the overall economic vitality of the area.

Additionally, the organization manages various special projects and programs that are instrumental in promoting community improvement. By collaborating with local governments and stakeholders, Clear Creek Economic Development Corporation Inc facilitates development opportunities that cater to the unique needs of the region. Through its partnership with the Colorado Office of Economic Development and International Trade, the corporation helps to secure funding and resources that directly benefit local businesses and enhance the community's economic foundations.

Overall, Clear Creek Economic Development Corporation Inc plays a crucial role in driving economic growth, fostering entrepreneurship, and improving the quality of life for residents in Clear Creek County and beyond. Its initiatives strengthen the local economy, create job opportunities, and promote a resilient and thriving community.




This information is meant to be a general summary of Clear Creek Economic Development Corporation 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.

Revenue
$285,121 (2022)
Expenses
$152,678 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $606
  • Program Service Revenue: $82,815
  • Gross Receipts: $285,121

Assets and Liabilities:

  • Total Assets: $2,444,803
  • Total Liabilities: $161,704
  • Net Assets: $2,283,099

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$72,565

LOAN FEES

Revenue

$10,250

Organization Details

Founding Year

1990

Principal Officer

Lindsey Valdez

Main Address

PO BOX 2030, GEORGETOWN, CO, 80444

NTEE Category

Code: S30 - Community improvement

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