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Watertown Industrial Center Local Development Corporation

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

EIN: 161463095 ✦ Watertown, NY ✦ Designated as a 501(c)(3)

Overview

What is Watertown Industrial Center Local Development Corporation?

The Watertown Industrial Center Local Development Corporation, situated in Watertown, New York, is a nonprofit organization with a mission to foster job creation and retention within the community. They achieve this by offering suitable leased facilities to eligible businesses in the Watertown area at affordable rents and favorable conditions, thereby aiding their success. With a small team of two dedicated individuals, this corporation plays a crucial role in supporting local businesses and contributing to Watertown's economic growth.


Official website here: www.wicldc.com

Is Watertown Industrial Center Local Development Corporation legitimate?

Watertown Industrial Center Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watertown Industrial Center Local Development Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,403

For more financial information, click here


Official website here: www.wicldc.com

What is the mission statement of Watertown Industrial Center Local Development Corporation?

The Watertown Industrial Center Local Development Corporation's mission is centered around promoting job creation and retention within the community. They accomplish this by offering eligible businesses suitable leased facilities at rents and under conditions that aid in their success. This organization serves as a facilitator, providing essential space for businesses in need, thereby contributing to the overall economic growth and stability of the community.


Official website here: www.wicldc.com

Who is the CEO of Watertown Industrial Center Local Development Corporation?

Donald W Rutherford is the President of Watertown Industrial Center Local Development Corporation.


Official website here: www.wicldc.com

What is the revenue of Watertown Industrial Center Local Development Corporation?

Watertown Industrial Center Local Development Corporation's revenue in 2023 was $689,035.


Official website here: www.wicldc.com

Who are the executives of Watertown Industrial Center Local Development Corporation and what are their salaries?

The average compensation at Watertown Industrial Center Local Development Corporation during 2023 was $60,702. There are 2 employees at Watertown Industrial Center Local Development Corporation.

Here are 8 key members and their salaries:

    Billy Soluri (Director Of Site Facilitie)
  • Compensation: $80,958
  • Related: $0
  • Other: $7,511

    • Donald Rutherford (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Paul Morgan (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Bellinger (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Capone (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Cantwell Iii (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Warneck (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kent Burto (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wicldc.com

    Where can I find the form 990 for Watertown Industrial Center Local Development Corporation?

    The Watertown Industrial Center Local Development Corporation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.wicldc.com

    Learn more at the official website: www.wicldc.com

    Mission Statement of Watertown Industrial Center Local Development Corporation

    The Watertown Industrial Center Local Development Corporation is committed to fostering job growth and preservation within its community. To achieve this, the organization offers eligible businesses suitable leased facilities at rents and under conditions that are conducive to their success. By providing these businesses with the necessary space, the Watertown Industrial Center Local Development Corporation plays a crucial role in supporting their growth and development, ultimately contributing to the community's economic prosperity.

    Impact

    This information is meant to be a general summary of Watertown Industrial Center Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Watertown Industrial Center Local Development Corporation has had a significant impact on the community by facilitating job creation and retention through the provision of suitable leased facilities to eligible businesses in the Watertown, NY area. By offering affordable rents and favorable conditions, the organization has helped businesses succeed, contributing to economic growth and prosperity in the region. This support has not only benefited individual businesses but has also had a positive ripple effect on the local economy, leading to increased opportunities and improved quality of life for residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $0
  • Program Service Revenue: $665,275
  • Gross Receipts: $689,035

    • Assets and Liabilities:
  • Total Assets: $2,480,774
  • Total Liabilities: $430,653
  • Net Assets: $2,050,121
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL OF FACILITIES

    Revenue

    $665,275

    Organization Details

    Founding Year

    1994

    Principal Officer

    Donald W Rutherford

    Main Address

    800 STARBUCK AVENUE, WATERTOWN, NY, 13601

    NTEE Category

    Code: S310 - Community improvement

    If you are a representative of Watertown Industrial Center Local Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.