Overview
What is Region 9 Economic Development District Of Sw Colorado Inc?
Region 9 Economic Development District of Southwest Colorado Inc is a nonprofit organization located at 135 Burnett Drive Unit 1, Durango, CO 81301. Their primary mission is to enhance economic conditions in Southwest Colorado, achieving this through the administration of programs and development grants. They contribute to economic development by disbursing revolving loan funds to local businesses, an initiative further supported by Colorado Enterprise Zone funds. With a team of 12 dedicated individuals, this nonprofit focuses on fostering growth and prosperity in the Southwest Colorado region.
Official website here: www.region9edd.org
What do the Facebook reviews say about Region 9 Economic Development District Of Sw Colorado Inc?
100% of the 13 reviewers on Facebook recommend Region 9 Economic Development District Of Sw Colorado Inc. Here is a summary of their reviews:
Overall, the sentiment appears to be quite positive, with users appreciating the concept and mission of the organization. While detailed evaluations are limited, even a glance at the reviews indicates a strong support base willing to champion its objectives.
The enthusiasm for the nonprofit reflects a general optimism regarding its potential impact in the community. Reviewers seem content with what the organization stands for and are eager to learn more about its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Region 9 Economic Development District Of Sw Colorado Inc legitimate?
Region 9 Economic Development District Of Sw Colorado Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Region 9 Economic Development District Of Sw Colorado 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: $111,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $873,576
For more financial information, click here
Official website here: www.region9edd.org
What is the mission statement of Region 9 Economic Development District Of Sw Colorado Inc?
The Region 9 Economic Development District of Southwest Colorado Inc's mission is centered around enhancing economic conditions in the region. They achieve this by administering various programs and development grants. This organization plays a significant role in aiding economic development by disbursing revolving loan funds to local businesses. Furthermore, they promote economic growth using Colorado Enterprise Zone funds.
Official website here: www.region9edd.org
What is the revenue of Region 9 Economic Development District Of Sw Colorado Inc?
Region 9 Economic Development District Of Sw Colorado Inc's revenue in 2024 was $3,284,369.
Official website here: www.region9edd.org
Who are the executives of Region 9 Economic Development District Of Sw Colorado Inc and what are their salaries?
The average compensation at Region 9 Economic Development District Of Sw Colorado Inc during 2024 was $75,801. There are 13 employees at Region 9 Economic Development District Of Sw Colorado Inc.
Here are 28 key members and their salaries:
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- Compensation: $116,501
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- Other: $15,361
Official website here: www.region9edd.org
Where can I find the form 990 for Region 9 Economic Development District Of Sw Colorado Inc?
Region 9 Economic Development District Of Sw Colorado Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.region9edd.org
Learn more at the official website: www.region9edd.org
Mission Statement of Region 9 Economic Development District Of Sw Colorado Inc
Region 9 Economic Development District of SW Colorado Inc, as its name suggests, is dedicated to enhancing economic conditions in the southwestern region of Colorado. They achieve this goal by administering various programs and development grants. The organization's mission is to stimulate economic growth within the region, primarily by providing financial aid to local businesses. This is accomplished through the disbursement of revolving loan funds, which serve as a source of capital for businesses in need. Additionally, the organization supports economic development initiatives through the use of Colorado Enterprise Zone funds. These funds are utilized to promote and foster business growth, ultimately contributing to the overall economic improvement in the region.
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Impact
October, 2024
Region 9 Economic Development District of Southwest Colorado Inc significantly enhances the economic landscape of the region by administering programs and development grants aimed at fostering growth. Their impact is evident through the disbursement of revolving loan funds to local businesses, which provides crucial financial support and stimulates job creation. Furthermore, their collaboration with Colorado Enterprise Zone funds enables targeted investment in economically disadvantaged areas, contributing to community improvement and resilience. Overall, Region 9 plays a vital role in promoting sustainable economic development in Southwest Colorado, directly benefiting local communities and businesses.
This information is meant to be a general summary of Region 9 Economic Development District Of Sw Colorado 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 2024.
- Investment Income: $58,665
- Program Service Revenue: $1,382,299
- Gross Receipts: $3,293,463
Assets and Liabilities:
- Total Assets: $13,418,748
- Total Liabilities: $2,948,468
- Net Assets: $10,470,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTERPRISE REVOLVING L
Revenue
$1,125,521
MEMBERSHIP DUES
Revenue
$162,705
CHARGES FOR SERVICES
Revenue
$94,073
Organization Details
Founding Year
1989
Principal Officer
Laura Lewis Marchino
Website
www.region9edd.orgNTEE Category
Code: S30 - Community improvement
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