Insourcing
The purpose of the corporation is to increase opportunity, alleviate poverty, develop and retain jobs in the community, and stimulate economic development and community revitalization in an economically distressed urban area and surroundings, by providing entrepreneurial, business, and as appropriate, employment and job skill training, physical and virtual incubation and equipment; information, expertise, and education needed to develop business and entrepreneurial skills; consultation, mentoring, and training; and other activities furtherance of these activities and purposes, including aid in obtaining low interest loans, MWBE certification, and to do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members, directors, or officers except as permitted under the Not-for-Profit Corporation Law or federal law and regulation,
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Organization Overview
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IRS Classification Codes
Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.
The National Taxonomy of Exempt Entities (NTEE) code is a four digit code used to classify an exempt IRC 501(c)(3) organization.
Subsection Codes are the codes shown under section 501(c) of the Internal Revenue Code of 1986 which define the category under which an organization may be exempt.
Asset Codes relate to the amount of assets shown on the most recent Form 990 series return filed by the organization.
Affiliation Code defines the organizational grouping.
Deductibility Code signifies whether contributions made to an organization are deductible.