Prairie Rose Development Corp

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

EIN: 851239978 ✦ Kirk, CO ✦ Designated as a 501(c)(3)

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Overview

What is Prairie Rose Development Corp?

Prairie Rose Development Corp is a nonprofit organization dedicated to promoting economic growth and generating small business employment opportunities. They achieved this goal in mid-2021 by launching a Colorado-wide Kiva Hub, an innovative interest-free crowdfunded loan program specifically catering to small businesses. Loan amounts range between $1,000 and $15,000, offering financial assistance to businesses in need. Operating successfully for its first full year in 2022, Prairie Rose Development Corp continues to contribute to Colorado's economic landscape by supporting small businesses and creating employment opportunities.


Official website here: www.prairierosedevelopment.org

Is Prairie Rose Development Corp legitimate?

Prairie Rose Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prairie Rose Development Corp 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.


Official website here: www.prairierosedevelopment.org

What is the mission statement of Prairie Rose Development Corp?

Prairie Rose Development Corp's mission is centered around promoting economic development and creating job opportunities for small businesses. To achieve this, the corporation launched a statewide Kiva Hub in Colorado in mid-2021. This initiative is an interest-free crowd-funded loan program, specifically catering to small businesses with loan amounts ranging from $1,000 to $15,000. In its first full year of operations in 2022, the corporation continued to foster economic growth and support the development of small businesses.


Official website here: www.prairierosedevelopment.org

Who is the CEO of Prairie Rose Development Corp?

Mike O'Donnell is the Executive Director of Prairie Rose Development Corp.


Official website here: www.prairierosedevelopment.org

What is the revenue of Prairie Rose Development Corp?

Prairie Rose Development Corp's revenue in 2022 was $57,500.


Official website here: www.prairierosedevelopment.org

Who are the executives of Prairie Rose Development Corp and what are their salaries?


Here are 5 key members and their salaries:


Kt Homes (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Watson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Delaney Keating (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Bolls (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike O'Donnell (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prairierosedevelopment.org

Where can I find the form 990EZ for Prairie Rose Development Corp?

Prairie Rose Development Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.prairierosedevelopment.org

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

Mission Statement of Prairie Rose Development Corp

Prairie Rose Development Corporation is dedicated to fostering economic growth and creating job opportunities for small businesses. To accomplish this mission, the organization launched a statewide initiative in mid-2021. This initiative, known as the Kiva Hub for Colorado, is an interest-free crowd-funded loan program specifically designed for small businesses. The loans offered through this program range from $1,000 to $15,000, providing financial support to businesses in need. The first full year of operations for this program was in 2022. Prairie Rose Development Corporation's mission through the Kiva Hub aims to contribute to the economic development of Colorado by supporting and empowering small businesses.

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Impact




August, 2024

Prairie Rose Development Corp's impact can be seen in the tangible outcomes of their efforts to foster economic development and create small business jobs. Through their initiatives, such as launching a statewide Kiva Hub for Colorado in mid-2021, they have provided a vital support system for small businesses by offering interest-free crowd-funded loans ranging from $1,000 to $15,000. This has not only provided much-needed financial assistance to small businesses but has also contributed to job creation and economic growth in the region. In 2022, the organization completed its first full year of operations, further solidifying its role in driving community improvement and supporting the local economy.




This information is meant to be a general summary of Prairie Rose 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.

Revenue
$57,500 (2022)
Expenses
$95,796 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $57,500

Assets and Liabilities:

  • Total Assets: $31,063
  • Total Liabilities: $1,123
  • Net Assets: $29,940

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Organization Details

Principal Officer

Mike O'Donnell

Main Address

16765 County Road 3, Kirk, CO, 80824

NTEE Category

Code: S43 - Community improvement

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