Overview
What is Farragut Business Alliance Inc?
Farragut Business Alliance Inc is a nonprofit organization that actively contributes to Farragut's economic development. By aiding new businesses and supporting existing ones, it fosters growth within the community. The alliance collaborates with the Town of Farragut, further strengthening the local business environment. In addition, it serves as an official welcoming host at significant regional events, offering visitors Farragut-specific promotional materials. By providing these services, Farragut Business Alliance Inc aims to enhance the overall business climate and promote the town.
Is Farragut Business Alliance Inc legitimate?
Farragut Business Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Farragut Business Alliance Inc submitted a form 990EZ, 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.
What is the mission statement of Farragut Business Alliance Inc?
The Farragut Business Alliance Inc's mission is centered around fostering and promoting business growth within its community. The organization assists new businesses in their establishment, supports existing ones, and collaborates with relevant authorities. Additionally, it acts as a welcoming host for visitors at significant regional events, offering them promotional materials showcasing the Farragut brand. The Alliance's primary goal is to positively impact the local economy and contribute to the success of its businesses.
Who is the CEO of Farragut Business Alliance Inc?
Stephen Krempasky is the Executive Director of Farragut Business Alliance Inc.
What is the revenue of Farragut Business Alliance Inc?
Farragut Business Alliance Inc's revenue in 2022 was $115,539.
Who are the executives of Farragut Business Alliance Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for Farragut Business Alliance Inc?
Farragut Business Alliance Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Farragut Business Alliance Inc
Farragut Business Alliance, in essence, champions the growth of businesses within its community. This nonprofit organization works diligently to support both new and existing businesses, aiming to contribute positively to the local economy. In addition, Farragut Business Alliance serves as a liaison between these businesses and the Town of Farragut, fostering a harmonious business environment. Furthermore, the alliance takes on the role of the Official Welcoming Host at significant regional events, providing visitors with promotional materials showcasing the Farragut brand. By doing so, Farragut Business Alliance actively works to enhance the economic profile of the community and strengthen its business sector.
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Impact
October, 2024
Farragut Business Alliance Inc significantly contributes to the economic growth of Farragut by fostering a vibrant business environment. By assisting new businesses in establishing themselves, the Alliance plays a crucial role in enhancing local employment opportunities and stimulating economic activity. It also supports and advocates for existing businesses, helping them to thrive and adapt to market changes.
Additionally, the Alliance coordinates closely with the Town of Farragut, ensuring that business initiatives align with community development goals. Its role as the Official Welcoming Host at key regional events helps to enhance Farragut's visibility and appeal, attracting visitors and potential customers. Through the distribution of Farragut-branded promotional materials, it promotes local businesses, instilling a sense of community pride and encouraging local patronage. Overall, the Farragut Business Alliance works to create a stronger, more connected community, ultimately benefiting both residents and business owners alike.
This information is meant to be a general summary of Farragut Business Alliance Inc. 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.
- Program Service Revenue: $45,539
- Gross Receipts: $115,539
Assets and Liabilities:
- Total Assets: $14,712
- Total Liabilities: $0
- Net Assets: $14,712
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Organization Details
Principal Officer
Stephen Krempasky
Main Address
Po Box 23583, Farragut, TN, 37933
NTEE Category
Code: S41 - Community improvement
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