Overview
What is Westminster Economic Development Initiative Inc?
Westminster Economic Development Initiative Inc, situated in Buffalo, New York, is a nonprofit organization dedicated to fostering growth for small businesses in an ethnically diverse neighborhood. Based on Grant Street, this community development entity provides a secure, nurturing, and cost-effective environment for local entrepreneurs. Their services encompass business coaching, financial mentoring, low-interest loans, networking/marketing opportunities, and a consistent customer base. The initiative's ultimate goal is to contribute to the overall success and prosperity of Western New Yorkers, promoting a culturally inclusive community. WEDI further strengthens communities by offering a continuum of educational and financial resources, addressing systemic barriers to economic equality for all residents in the region.
Official website here: www.wedibuffalo.org
Is Westminster Economic Development Initiative Inc legitimate?
Westminster Economic Development Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster Economic Development Initiative Inc 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: $99,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,265,336
For more financial information, click here
Official website here: www.wedibuffalo.org
What is the mission statement of Westminster Economic Development Initiative Inc?
Westminster Economic Development Initiative Inc's mission is centered around enhancing the success and well-being of all residents in Western New York, fostering a culturally inclusive community. They achieve this by providing a continuum of educational and financial resources, aiming to eliminate systemic barriers to economic equity for Western New Yorkers. The organization's activities include operating a small business incubator in a commercially viable district, offering merchants a safe, supportive, and affordable environment to grow their grassroots businesses. WEDI offers various resources such as business coaching, financial mentoring, low-interest loans, networking and marketing opportunities, and consistent customer traffic to its clients.
Official website here: www.wedibuffalo.org
Who is the CEO of Westminster Economic Development Initiative Inc?
Carolynn Welch is the Board Member/President of Westminster Economic Development Initiative Inc.
Official website here: www.wedibuffalo.org
What is the revenue of Westminster Economic Development Initiative Inc?
Westminster Economic Development Initiative Inc's revenue in 2022 was $3,247,167.
Official website here: www.wedibuffalo.org
Who are the executives of Westminster Economic Development Initiative Inc and what are their salaries?
The average compensation at Westminster Economic Development Initiative Inc during 2022 was $27,293. There are 50 employees and 128 volunteers at Westminster Economic Development Initiative Inc.
Here are 20 key members and their salaries:
- Carolynn Welch (Executive Director)
- Stephen Zenger (Board Member/President) [Trustee/Director]
- Krista Schwartzott (Board Member/Vice President) [Trustee/Director]
- Concetta Ferguson (Board Member/Treasurer) [Trustee/Director]
- Melanie Jaskolka (Board Member/Secretary) [Trustee/Director]
- Luke Donigan (Board Member/Assistant Secretary) [Trustee/Director]
- Joann Belliotti (Board Member) [Trustee/Director]
- India Dewan (Board Member) [Trustee/Director]
- Zelalem Gemmeda (Board Member) [Trustee/Director]
- Donna Genesky (Board Member) [Trustee/Director]
- Michael Kenline (Board Member) [Trustee/Director]
- Gustavo Lima (Board Member) [Trustee/Director]
- Catherine March (Board Member) [Trustee/Director]
- Betsy Mitchell (Board Member) [Trustee/Director]
- Katie O'Connor (Board Member) [Trustee/Director]
- Louise Sano (Board Member) [Trustee/Director]
- Mimi Steadman (Board Member) [Trustee/Director]
- Jonathan Wilcox (Board Member) [Trustee/Director]
- Melissa Woods (Board Member (To August, 2023)) [Trustee/Director]
- Emily Oaks (Board Member (To December, 2022)) [Trustee/Director]
Official website here: www.wedibuffalo.org
Where can I find the form 990 for Westminster Economic Development Initiative Inc?
The Westminster Economic Development Initiative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wedibuffalo.org
Learn more at the official website: www.wedibuffalo.org
Mission Statement of Westminster Economic Development Initiative Inc
Westminster Economic Development Initiative Inc, or WEDI, is committed to strengthening communities by providing a continuum of educational and financial resources. Their mission is to remove systemic barriers to economic equity for all Western New Yorkers, enabling them to succeed and thrive in a culturally inclusive community. WEDI achieves this by offering a supportive environment for grassroots businesses, providing tools such as business coaching, financial mentoring, low-interest loans, networking and marketing opportunities, and steady customer traffic through their West Side Bazaar Small Business Incubator. This initiative is located in an ethnically diverse neighborhood in a commercial district, offering merchants a safe and nurturing space to grow their businesses in Buffalo, New York.
Impact
This information is meant to be a general summary of Westminster Economic Development Initiative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Westminster Economic Development Initiative Inc, through its West Side Bazaar small business incubator in Buffalo, New York, is making a significant impact on the community by providing a safe, nurturing, and affordable environment for merchants to grow their grassroots businesses. WEDI offers business coaching, financial mentoring, low-interest loans, networking/marketing opportunities, and steady customer traffic to help entrepreneurs succeed. By removing systemic barriers to economic equity and fostering a culturally inclusive environment, WEDI is strengthening communities and facilitating the success and thriving of all residents in Western New York.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$85,265
COMMUNITY DEVELOPMENT
Revenue
$62,504
ECONOMIC DEVELOPMENT
Revenue
$25,109
Organization Details
Founding Year
2006
Phone
(716) 393-4088
Principal Officer
Carolynn Welch
Main Address
436 GRANT STREET, BUFFALO, NY, 14213
Website
www.wedibuffalo.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of Westminster Economic Development Initiative Inc 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.