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Rock River Development Partnership Inc A Not-For-Profit Corporation

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

EIN: 271153597 ✦ Rockford, IL ✦ Designated as a 501(c)(3)

Overview

What is Rock River Development Partnership Inc A Not-For-Profit Corporation?

Rock River Development Partnership Inc, a not-for-profit corporation located in Rockford, Illinois, is dedicated to fostering business growth and community enrichment. Their mission involves organizing and coordinating redevelopment efforts within the city, focusing on revitalizing the historic downtown area. By acting as entrepreneurial and experiential market makers, they connect local entrepreneurs with potential customers, aiming to stimulate the economy in Rockford's urban core and commercial districts. With around 19 employees, they are committed to enhancing the community by bringing businesses and people together.


Official website here: www.rrdp.org

Is Rock River Development Partnership Inc A Not-For-Profit Corporation legitimate?

Rock River Development Partnership Inc A Not-For-Profit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock River Development Partnership Inc A Not-For-Profit 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: $63,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,220

For more financial information, click here


Official website here: www.rrdp.org

What is the mission statement of Rock River Development Partnership Inc A Not-For-Profit Corporation?

The Rock River Development Partnership Inc, as a not-for-profit organization, is committed to organizing and coordinating redevelopment efforts within a city. Their mission is to foster a thriving economic community by acting as entrepreneurial and experiential market makers. They aim to bridge the gap between local entrepreneurs and their customers, thereby driving economic growth towards the urban core and historic commercial districts. The partnership's strategies revolve around creating connections to enrich both the community and businesses, ultimately revitalizing the historic downtown area.


Official website here: www.rrdp.org

Who is the CEO of Rock River Development Partnership Inc A Not-For-Profit Corporation?

Peter J Provenzano is the Chairman of Rock River Development Partnership Inc A Not-For-Profit Corporation.


Official website here: www.rrdp.org

What is the revenue of Rock River Development Partnership Inc A Not-For-Profit Corporation?

Rock River Development Partnership Inc A Not-For-Profit Corporation's revenue in 2022 was $520,969.


Official website here: www.rrdp.org

Who are the executives of Rock River Development Partnership Inc A Not-For-Profit Corporation and what are their salaries?

The average compensation at Rock River Development Partnership Inc A Not-For-Profit Corporation during 2022 was $9,696. There are 19 employees and 290 volunteers at Rock River Development Partnership Inc A Not-For-Profit Corporation.

Here are 7 key members and their salaries:

    Catherine Mcdermott (Executive Director)
  • Compensation: $63,003
  • Related: $0
  • Other: $0

    • Peter Provenzano (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Budd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lorayne Logan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Mark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tyler Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zina Horton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rrdp.org

    Where can I find the form 990 for Rock River Development Partnership Inc A Not-For-Profit Corporation?

    The Rock River Development Partnership Inc A Not-For-Profit Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rrdp.org

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

    Mission Statement of Rock River Development Partnership Inc A Not-For-Profit Corporation

    Rock River Development Partnership Inc, a not-for-profit corporation, is dedicated to organizing and coordinating redevelopment efforts within a city, in this case, Rockford. Their mission is multifaceted, aimed at fostering a thriving economic community. They function as entrepreneurs and experiential market makers, bringing businesses and people together. The strategy of Rock River Development Partnership Inc is to create connections between local entrepreneurs and their customers, with the goal of driving economic growth towards Rockford's urban core and historic commercial districts. By doing so, they enrich the community, support local businesses, and revitalize the historic downtown area.

    Impact

    This information is meant to be a general summary of Rock River Development Partnership Inc A Not-For-Profit Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Rock River Development Partnership Inc, through its entrepreneurial and experiential market-making approach, plays a crucial role in driving economic growth and community improvement in Rockford, IL. By organizing and coordinating redevelopment efforts within the city, this organization brings together businesses and customers to enrich the community, foster local entrepreneurship, and revive the historic downtown area. The impact of Rock River Development Partnership Inc is evident in its mission to create thriving economic communities by creating connections between local entrepreneurs and customers, thus driving the economy to Rockford's urban core and historic commercial districts. Through its innovative strategies and collaborative efforts, this organization contributes significantly to the revitalization and sustainable growth of Rockford, making it a more vibrant and prosperous place for its residents and businesses.





    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 2022.

  • Investment Income: $45,308
  • Program Service Revenue: $292,185
  • Gross Receipts: $621,043

    • Assets and Liabilities:
  • Total Assets: $8,937,636
  • Total Liabilities: $5,573,351
  • Net Assets: $3,364,285
  • Programs

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

    INDOOR MARKET

    Revenue

    $224,905

    VENDOR FEES

    Revenue

    $67,280

    Organization Details

    Founding Year

    2009

    Principal Officer

    Peter J Provenzano

    Main Address

    PO BOX 4244, ROCKFORD, IL, 61110

    NTEE Category

    Code: S31 - Community improvement

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