Overview
What is Valley Economic Development Partners Inc?
Valley Economic Development Partners Inc, also known as Valley Partners, is a nonprofit organization located in Youngstown, Ohio. Their primary mission is to foster economic growth and create employment opportunities by supporting local businesses through loan programs and various services. By establishing strong partnerships with financial institutions, educational organizations, businesses, government entities, and development organizations, Valley Partners attracts investors for new business opportunities. In 2022, they closed 64 loans totaling $6,532,225 and provided 214 small business grants worth $1,965,995. Their mission is to lead in developing employment opportunities through business creation, expansion, and retention in collaboration with other regional organizations, empowering entrepreneurs and contributing to the local economy.
Official website here: www.valleyedp.com
Is Valley Economic Development Partners Inc legitimate?
Valley Economic Development Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Economic Development Partners 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: $145,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $419,875
For more financial information, click here
Official website here: www.valleyedp.com
What is the mission statement of Valley Economic Development Partners Inc?
Valley Economic Development Partners Inc's mission is centered around fostering entrepreneurship and promoting employment opportunities. They aim to achieve this by collaborating with regional organizations to facilitate business creation, expansion, and retention. Their activities include operating a diverse range of loan programs and other services to cater to the needs of local businesses. Valley Economic Development Partners Inc also maintains strong relationships with various organizations, such as financial institutions, educational centers, businesses, government bodies, and development organizations. They work towards attracting investors for new business opportunities. In 2022, Valley Partners closed 64 loans amounting to $6,532,225 and provided 214 small business grants worth $1,965,995.00, thereby contributing to economic development and employment growth in the region.
Official website here: www.valleyedp.com
Who is the CEO of Valley Economic Development Partners Inc?
Teresa Miller is the Executive Director of Valley Economic Development Partners Inc.
Official website here: www.valleyedp.com
What is the revenue of Valley Economic Development Partners Inc?
Valley Economic Development Partners Inc's revenue in 2022 was $7,559,367.
Official website here: www.valleyedp.com
Who are the executives of Valley Economic Development Partners Inc and what are their salaries?
The average compensation at Valley Economic Development Partners Inc during 2022 was $56,521. There are 10 employees at Valley Economic Development Partners Inc.
Here are 16 key members and their salaries:
- Teresa Miller (Executive Director)
- Julie Michael Smith (President) [Trustee/Director]
- Josh Toot (Vice President) [Trustee/Director]
- James Gibbs (Treasurer) [Trustee/Director]
- Sarra Mohn (Secretary) [Trustee/Director]
- Jeffrey Solomon (Director)
- James Rosa (Director)
- Shelley Taylor (Director)
- Diane Richardson (Director)
- Samuel Huston (Director)
- Stephanie Gilchrist (Director)
- Annemarie Deascentis (Director)
- Giovani Merlo (Director)
- Christopher Colella (Director)
- Lynette Sutton (Director)
- Michael Keys (Director)
Official website here: www.valleyedp.com
Where can I find the form 990 for Valley Economic Development Partners Inc?
The Valley Economic Development Partners Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.valleyedp.com
Learn more at the official website: www.valleyedp.com
Mission Statement of Valley Economic Development Partners Inc
Valley Economic Development Partners Inc, as a leading organization, is committed to fostering employment opportunities through business creation, expansion, and retention. The nonprofit collaborates with various regional organizations to achieve this mission. By promoting economic development, Valley Partners aims to create a conducive environment for businesses, thereby providing ample employment opportunities.
To accomplish its goals, Valley Partners develops and operates a diversified portfolio of loan programs and other services. These initiatives are designed to cater to the unique needs of regional businesses, thereby facilitating their growth and success. The organization also maintains strong relationships with financial, educational, business, government, and development organizations. These collaborations help Valley Partners attract investors for new business opportunities, thereby contributing to the regional economy.
In the year 2022, Valley Partners showcased its impact by closing 64 loans totaling $6,532,225 and providing 214 small business grants worth $1,965,995.00. These financial assistance programs underscore Valley Partners' dedication to supporting businesses, thereby contributing to job creation and economic growth in the region. In essence, Valley Economic Development Partners Inc is a catalyst for regional economic development, leveraging its loan programs and collaborations to create employment opportunities through business growth.
Impact
This information is meant to be a general summary of Valley Economic Development Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Valley Economic Development Partners Inc's impact can be seen in its efforts to empower entrepreneurs, assist in job creation, and provide loan programs. By promoting economic development and employment opportunities through business creation, expansion, and retention, Valley Economic Development Partners Inc is actively working to strengthen the local economy in Youngstown, Ohio. In 2022 alone, the organization closed 64 loans totaling $6,532,225 and awarded 214 small business grants amounting to $1,965,995. Through their diversified portfolio of loan programs and services, Valley Economic Development Partners Inc plays a vital role in fostering business growth and attracting investments for new business opportunities. By collaborating with financial, educational, business, government, and development organizations, Valley Economic Development Partners Inc is contributing to the overall community improvement and creating a positive impact on the region's economy.
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.
REVOLVING LOAN INTERES
Revenue
$795,611
LOAN SERVICING FEES
Revenue
$388,587
Organization Details
Founding Year
1977
Phone
(330) 759-3668
Principal Officer
Teresa Miller
Main Address
4319 BELMONT AVE, YOUNGSTOWN, OH, 44505
Website
www.valleyedp.com
NTEE Category
Code: S31Z - Community improvement
If you are a representative of Valley Economic Development Partners 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.