Overview
What is Lincoln County Economic Development Corporation?
The Lincoln County Economic Development Corporation, abbreviated as LC EDC, is a nonprofit organization situated in an unspecified location. Its primary focus is to stimulate business development, expansion, and preservation within the county. The organization plays a significant role in promoting a strategic approach to ocean-related technology, specifically in the town of Newport. Furthermore, LC EDC offers valuable services such as strategic planning and grant review, aiming to support local businesses in their growth and success.
Is Lincoln County Economic Development Corporation legitimate?
Lincoln County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lincoln County Economic 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:
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Other Salaries and Wages: $186,652
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What is the mission statement of Lincoln County Economic Development Corporation?
The Lincoln County Economic Development Corporation's mission is centered around fostering business development. Specifically, they aim to promote the creation, growth, and retention of businesses. The corporation also supports an ocean-related technology hub strategy in a place called Newport. In addition to this, they offer strategic planning and grant review services to assist businesses in their operations.
What is the revenue of Lincoln County Economic Development Corporation?
Lincoln County Economic Development Corporation's revenue in 2024 was $262,084.
Who are the executives of Lincoln County Economic Development Corporation and what are their salaries?
The average compensation at Lincoln County Economic Development Corporation during 2024 was $46,663. There are 4 employees at Lincoln County Economic Development Corporation.
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Where can I find the form 990 for Lincoln County Economic Development Corporation?
Lincoln County Economic Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lincoln County Economic Development Corporation
The Lincoln County Economic Development Corporation (LCEDC) is dedicated to promoting business growth and development within the region. Specifically, the organization focuses on facilitating the creation and expansion of businesses, as well as supporting an ocean-related technology hub strategy in Newport. LCEDC also offers strategic planning and grant review services to assist businesses in their endeavors. In essence, the mission of LCEDC is to foster a thriving business environment and contribute to the region's economic growth.
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Impact
October, 2024
Lincoln County Economic Development Corporation plays a crucial role in facilitating business creation, growth, and retention in Lincoln County, particularly in Newport, Oregon. By supporting the development of an ocean-related technology hub, it positions the region as a center for innovation and industry. The organization actively engages in strategic planning and provides grant review services, ensuring that local businesses have access to the resources they need to thrive. Through these initiatives, it contributes to economic vitality and community improvement, ultimately enhancing the quality of life for residents and fostering sustainable growth in the area.
This information is meant to be a general summary of Lincoln County Economic 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 2024.
- Investment Income: $226
- Program Service Revenue: $16,471
- Gross Receipts: $262,084
Assets and Liabilities:
- Total Assets: $87,543
- Total Liabilities: $0
- Net Assets: $87,543
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OREGON RAIN
Revenue
$12,800
CONFERENCE
Revenue
$3,671
Organization Details
Principal Officer
Michael Smith
NTEE Category
Code: S30 - Community improvement
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