Overview
What is Thorndale Economic Development Corporation?
Thorndale Economic Development Corporation, located in Thorndale, Texas, serves as a nonprofit organization primarily focused on fostering economic growth within the city. Funded through city sales taxes, the corporation channels these resources towards various projects aimed at promoting economic development. Its mission encompasses enhancing the city's economic landscape, working tirelessly to create opportunities and stimulate growth. The corporation's core activities are centered around investing in projects that contribute positively to Thorndale's economic development.
Is Thorndale Economic Development Corporation legitimate?
Thorndale Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thorndale Economic 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.
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What is the mission statement of Thorndale Economic Development Corporation?
The Thorndale Economic Development Corporation's mission is centered around fostering economic growth for a city, specifically in this case, the City of Thorndale. Their primary objective is to promote and facilitate economic development projects within the corporation's purview. They achieve this by utilizing the sales tax revenue generated within the city to fund their projects. The corporation's activities are geared towards investing in and funding economic development initiatives that aim to enhance the city's prosperity.
What is the revenue of Thorndale Economic Development Corporation?
Thorndale Economic Development Corporation's revenue in 2022 was $42,666.
Who are the executives of Thorndale Economic Development Corporation and what are their salaries?
There 5 volunteers at Thorndale Economic Development Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Thorndale Economic Development Corporation?
Thorndale Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thorndale Economic Development Corporation
Thorndale Economic Development Corporation, as the name suggests, is committed to driving economic growth within the City of Thorndale. Their primary objective is to foster and nurture economic development, aiming to enhance the city's overall economic prosperity. To achieve this mission, the corporation utilizes funds derived from sales tax revenues, which are then strategically allocated towards various economic development projects under their purview. These projects are designed to stimulate and bolster the city's economic landscape.
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Impact
August, 2024
The Thorndale Economic Development Corporation has a significant impact on the economic development of the City of Thorndale. Through its promotion of economic growth and development initiatives, the organization plays a vital role in enhancing the local economy and creating opportunities for businesses and residents in the community. Additionally, the sales tax received from the City of Thorndale is utilized to fund economic development projects that further contribute to the overall prosperity and well-being of the city. Overall, the Thorndale Economic Development Corporation's efforts are instrumental in driving positive change and growth within the community.
This information is meant to be a general summary of Thorndale Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $610
- Program Service Revenue: $42,056
- Gross Receipts: $42,666
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales Tax
Revenue
$42,056
Organization Details
Founding Year
2002
Principal Officer
Stacy Irwin
NTEE Category
Code: S30 - Community improvement
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