AI Summary
The Morgan County Improvement Corporation is a nonprofit organization dedicated to advancing industrial, economic, commercial, and civic development in Morgan County, Ohio. With an operating budget of $166.4K and total revenue of $361.6K for the 2024 filing year, the organization focuses on facilitating community projects and securing funding through loans and grants from the state. It does not rely on a single funder for 50% or more of its revenue.
Mission Statement
THE SOLE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF THE COUNTY OF MORGAN, AND THE MUNICIPAL CORPORATIONS LOCATED THEREIN BY ACTING AS THE DESIGNATED AGENCY OF THE COUNTY OF MORGAN, ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, OR THE COUNTY OF MORGAN AND ONE OR MORE MUNICIPAL CORPORATIONS LOCATED THEREIN, FOR THE INDUSTRIAL, COMMERCIAL, DISTRIBUTION, AND RESEARCH DEVELOPMENT IN SUCH POLITICAL SUBDIVISION IN ACCORDANCE WITH SECTION 1724.10, REVISED CODE. TO PROVIDE REAL PROPERTY FOR AN INDUSTRIAL BUILDING BEING FINANCED IN PART BY LOANS AND GRANTS FROM THE STATE OF OHIO. THE CORPORATION SHALL HAVE THE RIGHT TO RAISE MONEY AND EXPEND FUNDS FOR COMMUNITY PROJECTS IN MORGAN COUNTY, OHIO. OUR ACTIVITY FURTHERS OUR EXEMPT PURPOSE AS WE ARE ABLE TO OBTAIN LOANS WITH LOWER THAN STANDARD INTEREST RATES AND GRANTS FROM THE STATE OF OHIO TO FINANCE THE REAL PROPERTY, WHICH IN TURN ALLOWS THE CO
Cause Areas
1
Community improvement
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is MORGAN COUNTY IMPROVEMENT CORPORATION’s budget?
In 2024, MORGAN COUNTY IMPROVEMENT CORPORATION reported an annual operating budget of around $166 thousand. More detailed financial information is available to registered users.
What causes does MORGAN COUNTY IMPROVEMENT CORPORATION support?
MORGAN COUNTY IMPROVEMENT CORPORATION supports work in Community improvement.
Where does MORGAN COUNTY IMPROVEMENT CORPORATION operate?
MORGAN COUNTY IMPROVEMENT CORPORATION is headquartered in Mcconnelsville, OH.