Overview
What is 1000 Islands Regional Local Development Corporation?
The 1000 Islands Regional Local Development Corporation is a nonprofit organization situated in the Thousand Island Region of Northern New York. Their primary mission involves issuing tax-exempt bonds to stimulate economic growth in the area. One of their significant projects includes constructing a multi-purpose event center in a disadvantaged region of the state. This development is expected to generate 38 full-time jobs directly, with an additional 220 jobs created indirectly, and will result in $20 million in annual payroll. The organization's goal is to foster economic growth and development within the Thousand Island Region.
Is 1000 Islands Regional Local Development Corporation legitimate?
1000 Islands Regional Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1000 Islands Regional Local 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 1000 Islands Regional Local Development Corporation?
The 1000 Islands Regional Local Development Corporation's mission is centered around fostering economic development. They achieve this by issuing tax-exempt bonds, specifically for projects in their region. One of their primary objectives is to construct a multi-purpose event center in a disadvantaged area of New York State. This project is expected to generate 38 full-time jobs, resulting in a $20 million payroll. Furthermore, the initiative is expected to have an indirect impact, creating an additional 220 full-time jobs. The corporation's mission ultimately aims to stimulate economic growth and development in its region.
Who is the CEO of 1000 Islands Regional Local Development Corporation?
Joel Bartlett is the Chief Executive Officer of 1000 Islands Regional Local Development Corporation. The CEO's salary of 1000 Islands Regional Local Development Corporation is $0 and their total compensation is $0.
What is the revenue of 1000 Islands Regional Local Development Corporation?
1000 Islands Regional Local Development Corporation's revenue in 2023 was $0.
Who are the executives of 1000 Islands Regional Local Development Corporation and what are their salaries?
Here are 9 key members and their salaries (1000 Islands Regional Local Development Corporation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990EZ for 1000 Islands Regional Local Development Corporation?
1000 Islands Regional Local Development Corporation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of 1000 Islands Regional Local Development Corporation
The 1000 Islands Regional Local Development Corporation is an organization committed to spurring economic growth in the Thousand Island Region of New York State. Their primary mission involves issuing tax-exempt bonds to facilitate development projects. One of their key initiatives is the construction of a multi-purpose event center in a disadvantaged area of New York, which is expected to generate 38 full-time jobs and a payroll of $20 million. Beyond this, the project is projected to create an indirect impact of 220 additional full-time jobs. By undertaking such development projects, the 1000 Islands Regional Local Development Corporation aims to stimulate economic growth and create job opportunities in the region.
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Impact
October, 2024
The 1000 Islands Regional Local Development Corporation plays a crucial role in driving economic growth in the Thousand Island Region of Northern New York by issuing tax-exempt bonds specifically aimed at fostering development initiatives. One major project is the construction of a multi-purpose event center in a distressed area, which is expected to generate 38 full-time jobs and $20 million in payroll. This direct job creation is complemented by an estimated indirect impact of an additional 220 full-time jobs, significantly enhancing employment opportunities in the region. The corporation’s efforts not only stimulate the local economy but also contribute to the revitalization of underserved communities, making a lasting impact on the area’s socio-economic landscape.
This information is meant to be a general summary of 1000 Islands Regional Local 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 2023.
Assets and Liabilities:
- Total Assets: $24,401
- Total Liabilities: $325
- Net Assets: $24,076
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Organization Details
Phone
(315) 778-3343Principal Officer
Joel Bartlett
Main Address
22867 COUNTY ROUTE 67, WATERTOWN, NY, 13601
NTEE Category
Code: J21 - Employment
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