Overview
What is Clear Lake Area Development Corporation?
Clear Lake Area Development Corporation is a nonprofit organization situated in Clear Lake, South Dakota. Its primary purpose is to bolster the local economy by supporting existing businesses and fostering the growth of new ventures. The corporation aims to promote social well-being, enhance civic improvement, combat community decay, and stimulate economic expansion. By doing so, it aims to foster growth in both businesses and housing, ultimately aiming to improve the living standards of all residents in Clear Lake and Deuel County.
Is Clear Lake Area Development Corporation legitimate?
Clear Lake Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clear Lake Area 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Clear Lake Area Development Corporation?
The Clear Lake Area Development Corporation was established with the purpose of bolstering businesses, fostering new ones, and enhancing the community of an unspecified location. Its mission, in essence, is geared towards promoting social well-being, combating community decay, stimulating economic development, encouraging business and housing growth, and ultimately, improving the quality of life for all residents.
What is the revenue of Clear Lake Area Development Corporation?
Clear Lake Area Development Corporation's revenue in 2023 was $92,298.
Who are the executives of Clear Lake Area Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $36,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Clear Lake Area Development Corporation?
Clear Lake Area Development Corporation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Clear Lake Area Development Corporation
Clear Lake Area Development Corporation, established with a vision to support its community, embarks on a mission to promote social welfare and civic betterment. The organization strives to combat community deterioration and actively works towards economic development, fostering growth in both business and housing sectors. Its ultimate goal is to enhance the quality of life for all residents within its jurisdiction. By engaging in these activities, Clear Lake Area Development Corporation demonstrates its commitment to the overall improvement and well-being of the community it serves.
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Impact
August, 2024
Clear Lake Area Development Corporation has made a significant impact in the Clear Lake and Deuel County community by supporting businesses, fostering economic development, and enhancing the overall quality of life for residents. Through its efforts, the organization has played a crucial role in promoting social welfare, combating community deterioration, and facilitating growth in business and housing sectors. This has led to a tangible improvement in the local economy and a more vibrant community environment for all residents.
This information is meant to be a general summary of Clear Lake Area 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.
- Gross Receipts: $96,656
Assets and Liabilities:
- Total Assets: $20,732
- Total Liabilities: $0
- Net Assets: $20,732
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Organization Details
Principal Officer
Sarah Salzer
NTEE Category
Code: S20 - Community improvement
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