Overview
What is Los Alamos Commerce & Development Corp?
Los Alamos Commerce & Development Corp is a nonprofit organization situated in Los Alamos, New Mexico, specifically at 190 Central Park Square. Their primary mission is to stimulate and foster commercial business growth within the Los Alamos County area. They accomplish this by operating small business centers, managing a chamber of commerce, promoting Main Street, and nurturing an arts and cultural district. Additionally, they provide educational programs and actively promote tourism within the region. To further their objectives, they offer incubator rental space, which serves as a catalyst for economic development. With a team of 23 dedicated individuals, Los Alamos Commerce & Development Corp is committed to enhancing the local economy and fostering a thriving business environment.
Official website here: www.losalamosdevelopment.com
Is Los Alamos Commerce & Development Corp legitimate?
Los Alamos Commerce & Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Los Alamos Commerce & Development Corp 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: $168,317
Professional Fundraising Fees: $0
Other Salaries and Wages: $775,054
For more financial information, click here
Official website here: www.losalamosdevelopment.com
What is the mission statement of Los Alamos Commerce & Development Corp?
The Los Alamos Commerce & Development Corp is tasked with fostering and expanding commercial businesses within its jurisdiction. This includes providing rental space in incubators to stimulate economic growth. The organization's primary mission is to promote and develop commercial activities, aiming to boost the local economy. Beyond this, they oversee small business centers, operate a chamber of commerce, manage a Main Street & Arts & Cultural District, and engage in educational programs and tourism promotions.
Official website here: www.losalamosdevelopment.com
What is the revenue of Los Alamos Commerce & Development Corp?
Los Alamos Commerce & Development Corp's revenue in 2024 was $3,814,212.
Official website here: www.losalamosdevelopment.com
Who are the executives of Los Alamos Commerce & Development Corp and what are their salaries?
The average compensation at Los Alamos Commerce & Development Corp during 2024 was $26,953. There are 35 employees and 16 volunteers at Los Alamos Commerce & Development Corp.
Here are 18 key members and their salaries:
- Compensation: $128,521
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- Other: $16,610
- Compensation: $121,000
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- Other: $6,150
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Official website here: www.losalamosdevelopment.com
Where can I find the form 990 for Los Alamos Commerce & Development Corp?
Los Alamos Commerce & Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.losalamosdevelopment.com
Learn more at the official website: www.losalamosdevelopment.com
Mission Statement of Los Alamos Commerce & Development Corp
Los Alamos Commerce & Development Corp is a vital organization dedicated to promoting and fostering commercial growth within its area. Its primary mission involves developing business opportunities, and this is achieved through the provision of incubator rental spaces. This initiative is designed to stimulate economic development, thereby contributing to the overall prosperity of the community.
Beyond its focus on business development, Los Alamos Commerce & Development Corp also engages in various activities. It operates small business centers, serves as a chamber of commerce, and manages the Main Street & Arts & Cultural District. These initiatives not only support existing businesses but also contribute to the cultural and artistic landscape of the community. Furthermore, the organization undertakes educational programs and promotes tourism, making it a versatile and comprehensive entity that plays a significant role in its local economy.
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Impact
October, 2024
The Los Alamos Commerce & Development Corporation plays a vital role in fostering economic growth and community development within Los Alamos County. By promoting and developing commercial business, the organization provides crucial support and resources to local entrepreneurs and small businesses. One of its key initiatives includes offering incubator rental space, which allows startups and emerging businesses to thrive in a collaborative environment.
Additionally, the corporation manages small business centers, the Chamber of Commerce, and initiatives that enhance the Main Street and Arts & Cultural District, thereby creating a vibrant economic landscape. Educational programs and tourism promotions further contribute to the community's attractiveness, supporting local businesses and enhancing visitor experiences. Overall, the Los Alamos Commerce & Development Corporation is instrumental in driving community improvement and fostering an environment conducive to business and cultural growth.
This information is meant to be a general summary of Los Alamos Commerce & Development Corp. 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: $39,438
- Program Service Revenue: $3,543,958
- Gross Receipts: $3,814,212
Assets and Liabilities:
- Total Assets: $9,338,901
- Total Liabilities: $6,805,416
- Net Assets: $2,533,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,691,934
RENTAL INCOME
Revenue
$656,799
SPONSORSHIPS
Revenue
$179,677
ADMINISTRATIVE SERVICE
Revenue
$15,548
Organization Details
Founding Year
1999
Principal Officer
Lauren Mcdaniel
Website
www.losalamosdevelopment.comNTEE Category
Code: S30 - Community improvement
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