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Monroe County Business Development Corporation

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

EIN: 382415486 ✦ Monroe, MI ✦ Designated as a 501(c)(3)

Overview

What is Monroe County Business Development Corporation?

Monroe County Business Development Corporation is a nonprofit organization located at 9 Washington Street, Monroe, MI 48161. Their primary mission is to stimulate economic growth in the county by fostering new and diverse job opportunities for its residents. They achieve this by assisting existing businesses in their growth and expansion within the area, as well as collaborating with regional partnerships to attract new businesses to suitable locations. The organization's efforts are supported by Monroe Bank & Trust, which donated facilities with a value of 15,428 for their use. The corporation is led by a team of four dedicated individuals.


Official website here: www.monroecountybdc.org

Is Monroe County Business Development Corporation legitimate?

Monroe County Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe County Business 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: $199,617

For more financial information, click here


Official website here: www.monroecountybdc.org

What is the mission statement of Monroe County Business Development Corporation?

The Monroe County Business Development Corporation's mission is centered around promoting economic growth in the region. Specifically, their goal is to create a variety of job opportunities for local citizens by fostering the development of new businesses and encouraging the expansion of existing ones. This organization works collaboratively with regional partnerships to attract new ventures to suitable locations within their jurisdiction. Notably, Monroe Bank & Trust contributed facilities worth 15,428 units to support the corporation's endeavors.


Official website here: www.monroecountybdc.org

Who is the CEO of Monroe County Business Development Corporation?

Tim Lake is the Principal Officer of Monroe County Business Development Corporation.


Official website here: www.monroecountybdc.org

What is the revenue of Monroe County Business Development Corporation?

Monroe County Business Development Corporation's revenue in 2022 was $506,256.


Official website here: www.monroecountybdc.org

Who are the executives of Monroe County Business Development Corporation and what are their salaries?

The average compensation at Monroe County Business Development Corporation during 2022 was $49,904. There are 4 employees at Monroe County Business Development Corporation.

Here are 18 key members and their salaries:

    Gregory Adanin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darrin Arquette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephanie Blatt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Chaffin (Past Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monique Holliday-Bettie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Jewell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Moore Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Masserant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Mcnew (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Mussap (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • James Peace (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kojo Quartey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Thomas (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles West (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Zewicky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.monroecountybdc.org

    Where can I find the form 990 for Monroe County Business Development Corporation?

    The Monroe County Business Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.monroecountybdc.org

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

    Mission Statement of Monroe County Business Development Corporation

    The Monroe County Business Development Corporation, as its name suggests, is dedicated to fostering economic growth in Monroe County. This nonprofit organization's mission is to create a multitude of new and varied job opportunities for the county's residents. To achieve this, it assists existing businesses in their expansion within Monroe County and collaborates with regional partnerships to draw in new businesses to the area. Notably, Monroe Bank & Trust has generously donated facilities to the tune of 15,428 square feet to support the corporation's endeavors.

    Impact

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




    Wednesday, July 24, 2024

    Monroe County Business Development Corporation plays a crucial role in growing Monroe County's economy by creating new and diversified job opportunities for its citizens. The organization assists existing businesses with growth and expansion within the county, while also working with regional partnerships to attract new businesses to the area. This contributes to boosting economic development, increasing employment opportunities, and enhancing the overall prosperity of the local community. The support provided by the corporation, facilitated by partnerships like Monroe Bank & Trust's donation of facilities, directly impacts the economic landscape of the region and helps ensure a thriving business environment in Monroe County, Michigan.





    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: $23,097
  • Program Service Revenue: $0
  • Gross Receipts: $506,256

    • Assets and Liabilities:
  • Total Assets: $1,256,866
  • Total Liabilities: $69,890
  • Net Assets: $1,186,976
  • Organization Details

    Principal Officer

    Tim Lake

    Main Address

    9 WASHINGTON ST, MONROE, MI, 48161

    NTEE Category

    Code: M99 - Public safety

    If you are a representative of Monroe County Business 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.