Lincoln Economic Advancement & Development Inc

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

EIN: 843635858 ✦ Lincoln, IL ✦ Designated as a 501(c)(3)

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Overview

What is Lincoln Economic Advancement & Development Inc?

Lincoln Economic Advancement & Development Inc is a nonprofit organization situated in Lincoln, Illinois, and Logan County. Their primary mission is to enhance the economic health and prosperity of the local communities and citizens. They achieve this by collaborating with existing employers to retain and expand employment opportunities, as well as promoting new employment and entrepreneurship prospects. Furthermore, the organization aims to alleviate poverty, reduce government burdens, and improve social welfare in these areas through economic development programs. In summary, Lincoln Economic Advancement & Development Inc is dedicated to fostering economic growth and community development in Lincoln and Logan County, Illinois.


Official website here: www.thriveinlincoln.org

Is Lincoln Economic Advancement & Development Inc legitimate?

Lincoln Economic Advancement & Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Economic Advancement & Development 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: $96,444
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.thriveinlincoln.org

What is the mission statement of Lincoln Economic Advancement & Development Inc?

Lincoln Economic Advancement & Development Inc's mission is centered around promoting and strengthening the economic health and prosperity of its community. They achieve this by collaborating with current employers to retain and expand employment opportunities, as well as by fostering new employment and entrepreneurship prospects. The organization's efforts are also directed towards alleviating poverty and distress, lessening governmental burdens, and enhancing social welfare. Their strategies primarily involve economic development programs designed to maintain and attract job opportunities within the community.


Official website here: www.thriveinlincoln.org

Who is the CEO of Lincoln Economic Advancement & Development Inc?

Andrea Runge is the Ceo of Lincoln Economic Advancement & Development Inc. The CEO's salary of Lincoln Economic Advancement & Development Inc is $0 and their total compensation is $0.


Official website here: www.thriveinlincoln.org

What is the revenue of Lincoln Economic Advancement & Development Inc?

Lincoln Economic Advancement & Development Inc's revenue in 2022 was $228,006.


Official website here: www.thriveinlincoln.org

Who are the executives of Lincoln Economic Advancement & Development Inc and what are their salaries?


Here are 13 key members and their salaries (Lincoln Economic Advancement & Development Inc's CEO's salary is $0 and their total compensation is $0):


Steve Aughenbaugh (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Graue (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becky Strait (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Doolin (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dolan Dalpoas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Burwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Paulus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colleeen Roate (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Pickering (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Runge (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristi Powell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Leon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Ohler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thriveinlincoln.org

Where can I find the form 990 for Lincoln Economic Advancement & Development Inc?

Lincoln Economic Advancement & Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thriveinlincoln.org

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

Mission Statement of Lincoln Economic Advancement & Development Inc

Lincoln Economic Advancement & Development Inc is committed to enhancing the economic well-being and prosperity of the broader Lincoln communities and its citizens. They achieve this by collaborating with existing employers to preserve and expand employment opportunities, and by fostering new employment and entrepreneurship prospects. The organization's mission is twofold: firstly, it aims to alleviate poverty and distress among underprivileged individuals, and secondly, it strives to reduce governmental burdens. Furthermore, Lincoln Economic Advancement & Development Inc contributes to social welfare and combats community deterioration through economic development programs designed to retain and attract employment opportunities in Lincoln, Illinois, and Logan County, Illinois.

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Impact




October, 2024

Lincoln Economic Advancement & Development Inc plays a crucial role in enhancing the economic landscape of the greater Lincoln communities. By partnering with existing employers, the organization focuses on retaining and expanding job opportunities, fostering a robust employment environment.

The initiative promotes economic health by facilitating new employment ventures and supporting entrepreneurship, contributing to the vitality and sustainability of the local economy. Through targeted economic development programs, it addresses the needs of underprivileged populations and alleviates the pressures on government resources.

Furthermore, by combating community deterioration and enhancing social welfare, Lincoln Economic Advancement & Development Inc not only strengthens the economic foundation of Lincoln, Illinois, and Logan County but also fosters a sense of community resilience and prosperity. Its impact is visible in the improved quality of life for residents and the overall economic stability of the region.




This information is meant to be a general summary of Lincoln Economic Advancement & Development 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
$228,006 (2022)
Expenses
$135,916 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $49
  • Gross Receipts: $228,006

Assets and Liabilities:

  • Total Assets: $532,461
  • Total Liabilities: $249,952
  • Net Assets: $282,509

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Organization Details

Founding Year

2019

Principal Officer

Andrea Runge

Main Address

PO BOX 235, LINCOLN, IL, 62656

NTEE Category

Code: S30 - Community improvement

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