Greater Sterling Development Corp
Greater Sterling Development Corp
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About this organization
Mission
To create economic and job growth in the Sterling area through business expansion, new investment and retention.
About
Incubator management - operate 50,000 sq ft industrial facility for the city of Sterling, Illinois. Recruit and assist start-up businesses, marketing and planning. Rent and maintain real estate for local businesses. Also provide loans to start-up businesses in conjunction with the city of Sterling's revolving loan fund. The organization leases one of its buildings to various local non-profit organizations at no cost. The in-kind rent contribution is estimated to be $108,000 for the current year.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “The greater sterling development corporation (gsdc) was created to coordinate and streamline economic development efforts in the city of sterling, whiteside county and the surrounding areas. our efforts help to:* create success for the companies who do business in our area * enrich and strengthen our community * create employment opportunities for area residents”.
When discussing its operations, they were characterized as: “To create economic and job growth in the sterling area through business expansion, new investment and retention.”.
- The non-profit's legally reported state of operation is IL.
- The filing states that the non-profit's address in the year 2020 is 1741 INDUSTRIAL DRIVE, STERLING, IL, 61081.
- The form submitted by the non-profit for 2020 shows a total of 2 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $342,580.
- The organization has 11 independent voting members.
- The organization was formed in 1990.
- The organization pays $183,994 in salary, compensation, and benefits to its employees.
- The organization pays $10,180 in fundraising expenses.