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Pike County Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 134216019 ✦ Troy, AL ✦ Designated as a 501(c)(6)

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Overview

What is Pike County Economic Development Corporation?

The Pike County Economic Development Corporation, situated in Troy, Alabama, is a nonprofit organization with a mission to foster economic growth within the county. They achieve this by offering small businesses facilities through their incubator facility and actively recruiting and developing industry. With a team of two dedicated individuals, they work tirelessly to promote economic development in Pike County, Alabama.


Official website here: www.troy-pike-edc.org

Is Pike County Economic Development Corporation legitimate?

Pike County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pike County 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $239,343

For more financial information, click here


Official website here: www.troy-pike-edc.org

What is the mission statement of Pike County Economic Development Corporation?

The Pike County Economic Development Corporation's primary objective is to foster economic growth within the region. In pursuit of this goal, they engage in promoting economic development by providing facilities for small businesses through their incubator facility. Additionally, they are actively involved in the development and recruitment of industries, aiming to stimulate economic activity and create job opportunities. The corporation's mission is to contribute to the overall economic well-being of the community, thereby improving the standard of living for its residents.


Official website here: www.troy-pike-edc.org

Who is the CEO of Pike County Economic Development Corporation?

Chase Cobb is the President of Pike County Economic Development Corporation.


Official website here: www.troy-pike-edc.org

What is the revenue of Pike County Economic Development Corporation?

Pike County Economic Development Corporation's revenue in 2022 was $382,974.


Official website here: www.troy-pike-edc.org

Who are the executives of Pike County Economic Development Corporation and what are their salaries?

The average compensation at Pike County Economic Development Corporation during 2022 was $119,672. There are 2 employees at Pike County Economic Development Corporation.


Here are 10 key members and their salaries:


Chase Cobb (President)
  • Compensation: $187,731
  • Related: $0
  • Other: $0
John Ramage (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Mcpherson (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Horn (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denny Sanford (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenny Campbell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cornelius Griffin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Carson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Kervin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bailey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.troy-pike-edc.org

Where can I find the form 990 for Pike County Economic Development Corporation?

Pike County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.troy-pike-edc.org

Learn more at the official website: www.troy-pike-edc.org

Mission Statement of Pike County Economic Development Corporation

Pike County Economic Development Corporation, a notable entity, is committed to fostering economic growth within Pike County, Alabama. At its core, its mission is to promote economic development in the region. To achieve this objective, the corporation takes several strategic steps. One of its key initiatives involves providing facilities to small businesses through its incubator facility. This not only aids in the establishment of new businesses but also contributes to the local economy by providing job opportunities and contributing to the community's economic vitality.

Furthermore, the Pike County Economic Development Corporation is actively engaged in the development and recruitment of industries. By attracting new industries and supporting existing ones, the corporation contributes to the diversification of the local economy, reducing its dependence on a single sector and fostering a more resilient and thriving community. This multi-faceted approach to economic development reflects the corporation's dedication to enhancing the economic well-being of Pike County and its residents.

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Impact




October, 2024

Pike County Economic Development Corporation significantly boosts economic growth in Pike County, Alabama by focusing on the development of small businesses and the recruitment of industries. Through its incubator facility, it provides essential resources and support to budding entrepreneurs, helping them establish and grow their businesses. This initiative not only fosters innovation and job creation but also enhances the overall economic landscape of the region. By actively promoting economic development, the corporation contributes to community improvement and the prosperity of residents in Pike County.




This information is meant to be a general summary of Pike County 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.

Revenue
$382,974 (2022)
Expenses
$395,047 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,190
  • Program Service Revenue: $37,959
  • Gross Receipts: $382,974

Assets and Liabilities:

  • Total Assets: $1,265,158
  • Total Liabilities: $461,100
  • Net Assets: $804,058

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCUBATOR REVENUE

Revenue

$37,959

Organization Details

Founding Year

2002

Principal Officer

Chase Cobb

Main Address

100 INDUSTRIAL BLVD, TROY, AL, 36081

NTEE Category

Code: S41 - Community improvement

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